Snacks Market Growth Report: USD 1948.37 Billion by 2030 Forecasted

The global Snacks Market continues to demonstrate robust growth, driven by rising consumer demand for convenience and healthy food options. According to recent market analysis, the market size was valued at USD 1447.1 billion in 2021 and is projected to reach USD 1948.37 billion by 2030, registering a compound annual growth rate (CAGR) of 3.36% from 2022 to 2030.

Market Overview and Scope

The rapid adoption of convenient, ready-to-eat snacks has fueled the growth of the global snacks market. The COVID-19 pandemic and the subsequent “work-from-home” culture contributed to an exponential rise in snack consumption, a trend that is likely to persist as manufacturers focus on innovation and healthier product offerings. Packaged snacks such as cookies, chips, and noodles have seen increased demand, reflecting consumers’ changing eating habits and preference for on-the-go indulgence.

Consumers are also prioritizing health, leading to heightened demand for functional and healthy snacks that align with modern dietary needs. The market’s evolution has been supported by advancements in food processing, preservation, and packaging technologies, providing opportunities for innovation in snack offerings.

Sample Copy of Research Report : https://straitsresearch.com/report/snacks-market/request-sample

Market Segmentation  

Based on product, the market is categorized into Frozen & Refrigerated, Fruit, Bakery, Savory Confectionery, Dairy, and Others. Frozen and chilled items dominated the product category. When panicked customers stocked their freezers with longer-shelf goods during the height of the lockdown, frozen goods proved to be a pandemic powerhouse. Sales of frozen foods are still strong compared to levels before the pandemic, despite decreasing consumer anxiety due to the number of new COVID-19 cases. However, savoury snacks are anticipated to have the fastest CAGR during the forecast period. Meat snacks like jerky and dried meat expanded quickly in North America, the Middle East, and Africa. Manufacturers and producers have been forced to react to consumers' growing interest in health and well being by providing various low-fat, low-calorie, and gluten-free products.

Product Outlook (2018-2030)

Frozen & Refrigerated

Fruit

Bakery

Savoury

Confectionery

Dairy

Others

Distribution Channel Outlook (2018-2030)

Supermarkets & Hypermarkets

Convenience Stores

Online

Others

Regional Analysis

Geographically, the Asia-Pacific region holds the largest market share, attributed to the increasing urbanization and preference for packaged and ready-to-eat snacks. Consumers in the region are shifting from traditional, unpackaged street snacks to modern, packaged alternatives due to expanding retail infrastructure and improved access to supermarket outlets.

North America is projected to be the fastest-growing market during the forecast period, driven by the rising popularity of functional and organic snack options. Technological advancements in food processing and innovative product launches are further boosting market growth in this region.

Ask For Customization : https://straitsresearch.com/report/snacks-market/request-sample 

Key Players in the Snacks Market

General Mills, Inc.

PepsiCo

The Kraft Heinz Company

Nestlé

The Kellogg Company

Unilever

Calbee

Intersnack Group GmbH & Co. KG

Conagra Brands, Inc.

ITC Limited

Conclusion

With growing consumer preferences for healthier and more convenient snack options, the global snacks market is set to expand significantly over the next decade. Key players are focusing on innovation and strategic partnerships to capture emerging opportunities, ensuring sustained growth in the competitive landscape.

More Related Reports :

https://globbook.com/blogs/6010/Small-Caliber-Ammunition-Market-Growth-at-5-9-CAGR-Through 

https://skocenzilife.com/small-caliber-ammunition-market-growth-trends-and-forecast-2025-2033/