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International Snack Meals Market Insights and Projections to 2026

DUBLIN, Dec. 31, 2021 /PRNewswire/ — The “Snack Meals – International Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.

International Snack Meals Market to Attain $732.6 Billion by 2026

Demand for snack meals globally is growing steadily as hectic schedules and busy existence are driving shoppers supplant conventional meal events with handy and wholesome snack choices. Demand within the international market is being pushed by altering dietary habits and speedy urbanization within the growing international locations. Market demand can also be more likely to be positively influenced by growing disposable incomes together with introduction of revolutionary merchandise.

Snack meals with fascinating qualities together with low fats, ldl cholesterol, sugar and calorie content material, are poised to register strong progress and help market growth. Rising well being consciousness together with yearning for snack meals is anticipated to lead to dynamic demand for low-fat, no-fat, low-sugar, no-sugar, low-carb, no-carb, and low-calorie snack meals. The step by step receding line between meals and snacks is churning out extra alternatives for snacking. Future progress available in the market will likely be pushed by strong demand for practical snacks, together with bars, chips, cookies and yogurt, and surging recognition of protein-fortified, natural, and pure snacks.

Amid the COVID-19 disaster, the worldwide marketplace for Snack Meals estimated at US$493.4 Billion within the yr 2020, is projected to succeed in a revised measurement of US$732.6 Billion by 2026, rising at a CAGR of 6.7% over the evaluation interval. Bakery Snacks, one of many segments analyzed within the report, is projected to file a 6.7% CAGR and attain US$307.8 Billion by the top of the evaluation interval. After an intensive evaluation of the enterprise implications of the pandemic and its induced financial disaster, progress within the Salted Snacks phase is readjusted to a revised 7.7% CAGR for the following 7-year interval.

The U.S. Market is Estimated at $164.8 Billion in 2021, Whereas China is Forecast to Attain $87.9 Billion by 2026

The Snack Meals market within the U.S. is estimated at US$164.8 Billion within the yr 2021. China, the world’s second largest financial system, is forecast to succeed in a projected market measurement of US$87.9 Billion by the yr 2026 trailing a CAGR of 8.9% over the evaluation interval. Among the many different noteworthy geographic markets are Japan and Canada, every forecast to develop at 5.4% and 5.5% respectively over the evaluation interval. Inside Europe, Germany is forecast to develop at roughly 5.7% CAGR. The US constitutes the most important regional market and progress is being pushed by choice for snacking over each day meals, busy schedules, and rising availability of wholesome choices. The rise in weight problems within the US is motivating shoppers to pick a low-calorie snack in comparison with the standard one. The Center East, Latin America, and Asia-Pacific supply potential progress alternatives in view of the rising disposable incomes and the booming retail sector.

Confectionery Section to Attain $151.8 Billion by 2026

The rising demand for practical snacks together with confections helps progress within the Confectionery phase. Thought of as enjoyable meals, the simply accessible confections and snacks are extensively consumed. With the proportion of inhabitants changing into well being acutely aware growing quickly, the demand for practical snack meals is rising. Within the international Confectionery phase, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this phase. These regional markets accounting for a mixed market measurement of US$80.6 Billion within the yr 2020 will attain a projected measurement of US$118.1 Billion by the shut of the evaluation interval. China will stay among the many quickest rising on this cluster of regional markets. Led by international locations equivalent to Australia, India, and South Korea, the market in Asia-Pacific is forecast to succeed in US$16.5 Billion by the yr 2026, whereas Latin America will increase at a 6.9% CAGR by means of the evaluation interval.

Choose Rivals (Whole 628 Featured)

  • Calbee, Inc.
  • Conagra Manufacturers, Inc.
  • Frito-Lay North America, Inc.
  • Hormel Meals Company
  • J&J Snack Meals Company
  • Kellogg Firm
  • Nestle SA
  • PepsiCo, Inc.
  • Sargento Meals, Inc.

Key Matters Coated

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impression of COVID-19 and a Looming International Recession
  • 2020 Marked as a 12 months of Disruption & Transformation
  • Impression on Snackfoods Market
  • E-commerce and On-line-to-Offline Observe Secure Development
  • Snackification: An Various to Common Meal
  • Choose Market Highlights
  • Product Definition and Scope
  • Choose Snack Classes
  • International Outlook
  • Regional Market Insights
  • Growing Nations Turbo Cost Present and Future Market Development
  • Competitors
  • Main Gamers within the International Bakery Merchandise and Cereals Market by Nation
  • Low Entry Barrier Intensifies Competitors
  • Innovation: Identify of the Sport within the Crowded Market
  • Commercial and Promotional Expenditure on the Rise
  • Want for Regional and Cultural Customization
  • Revolutionary Advertising Methods Outline Product Success
  • Manufacturing with Superior Extrusion Method Gives Price and Different Advantages
  • Current Market Exercise

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Choice for On-the-Go, Handy and Wholesome Meals: Basis for Market Development
  • Rise in Wholesome Handy Snacking
  • Trade Leverages on Globalization of Taste
  • Innovation Good points Focus as Producers Search to Substitute Meals with Snacks
  • Wholesome and Protein Wealthy Snacks Appeal to Consideration
  • Potato Chips Enter the More healthy Pattern
  • Producers Add New Elements in Favourite Chips
  • Fruity Chips: A New Innovation
  • Protein-Fortified Snacks Witness Wholesome Demand
  • Rising Consciousness on Significance of Protein-Wealthy Diets Drive Gross sales of Meat Snacks
  • Taste Innovation in Meat Snacks: A Highway Broadly Traveled
  • Pure Elements Keep Sturdy
  • Seed Snacks Achieve Traction
  • Rising Demand for Practical Snacks: A Sturdy Development Driver
  • Pattern in direction of Easy Snacks
  • Cereal Bars Spur Demand
  • Fruit and Nut Elements Witness Rising Adoption in Bars
  • Grain Primarily based Snack Bars Bear a Wholesome Makeover
  • Gluten-free Snacks: The New Buzzword
  • Formulation Challenges Drive Product Improvements in Snacks and Bars
  • Drinkable Snacks in new Packages and Flavors
  • Sustainable Improvements Achieve Priority
  • Rising Reputation of Clear Labels
  • Natural Snacks Witness Sturdy Market Penetration
  • Higher For You Merchandise: A New Development Section
  • Demand for “Transparency in All Issues”
  • Current Developments in Elements and Flavors
  • Candy and Bitter Flavors Invade the Snacks Market
  • Well being Aware Customers Go for Low Sugar Snacks
  • Eminent Demand for Plant Primarily based Meals
  • Snack Nuts: The Most well-liked Alternative of the New-Age Well being Aware Shopper
  • Lunchtime Meals Come Beneath the Snack Assault
  • Single-serve, Re-sealable and Lightweight Snacks Packaging Improvements Drive Market Adoption
  • Performance and Well being Advantages Drive Demand for Soybean-Primarily based Snack Meals
  • Millennials and Technology Z Emerge as Key Influencing Cohort
  • International Millennial Inhabitants Details & Figures: Necessary Alternative Indicators
  • Main Channels of Distribution
  • On-line Gross sales Remodel the Snack Meals Retailing Panorama
  • Favorable Financial and Demographic Developments Strengthen Market Prospects
  • Ballooning International Inhabitants Gives Profitable Development Alternatives
  • Baby Inhabitants: A Weighty Demographic Driver
  • Shrinking Household Dimension Result in Larger Discretionary Spending on Snack Meals
  • Rising Center Class Inhabitants Worldwide Promote Market Growth
  • Increasing City Inhabitants Spurs Development in Snack Meals Consumption

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Whole Firms Profiled: 628

For extra details about this report go to https://www.researchandmarkets.com/r/zeyt9z

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