Global Snack food Market Outlook to 2027

Driven by changing consumer lifestyles, increasing urbanization, and a rising preference for convenient and on-the-go food options


Author(s):Srijan Saxena

Product Code:KR1422

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Published on

February 2024

Total pages


About the Report

About the Report

Market Overview:

The global snack food market has been experiencing steady growth, driven by factors such as changing consumer lifestyles, increasing urbanization, and a rising preference for convenient and on-the-go food options. The market encompasses a wide range of products, including chips, nuts, seeds, savory snacks, confectionery, and more.

Global Snack food Market

There is a growing demand for healthier snack options, leading to increased innovation in the development of snacks with natural ingredients, low salt, low sugar, and functional benefits. On-the-go and convenient snack options continue to gain popularity, as busy lifestyles prompt consumers to seek quick and easy food solutions.

Major multinational companies dominate the snack food market, including PepsiCo, Mondelez International, Nestlé, and Kellogg's. However, there's also a growing presence of smaller, niche brands catering to specific consumer preferences. The market is consolidated with major proporation of market share contributed by global companies. New Entarants in the market are also beimg encouranged by government initiatives in population laden countries like USA and China.

Global Snack food Market size

Global Snack food Market Analysis

  • Fast-paced lifestyles crave quick and easy snacks that satisfy on-the-go cravings. Think single-serve portions, grab-and-go packaging, and microwaveable options.
  • With a growing global population, rising disposable incomes, and evolving consumer preferences, the snack food market is poised for continued growth.
  • While indulging in the occasional guilty pleasure is always welcome, consumers are increasingly opting for snacks with healthier attributes. Protein bars packed with nuts and seeds, fruit snacks bursting with vitamins, and baked chips made.
  • From subscription boxes delivering curated snack surprises to AI-powered vending machines recommending personalized choices, the future of snacking is getting smarter.
  • Increasing costs of raw materials and production are impacting pricing, squeezing profit margins and potentially affecting consumer purchasing power.
  • Manufacturers are focusing on personalized snacking experiences through subscription boxes, customized products, and AI-powered recommendations.
  • Consumers prefer their food to be easy to carry and quickly accessible, making snack food the best option. Witnessing the sudden upsurge, manufacturers eventually launched products enriched with protein, vitamins, and nutrients, giving consumers on-the-go nutrition while snacking.

Competitive Landscape:

Major Players in Snack Food Market

Global Snack food Market players

  • The competitive landscape of the snack food market is characterized by high competition, with numerous local, regional, and global players vying for market share
  • Some of the major players in the snack food market include PepsiCo Inc., The Kellogg Company, Unilever Plc, Nestle SA, and General Mills Inc
  • These prominent players are focusing on new product developments, expansions, partnerships, and mergers and acquisitions to cater to the increasing demand from consumers and gain a competitive advantage in the market
  • The market is highly fragmented, with several large and small snack food manufacturers operating across the world
  • The key strategies fueling market growth include global expansion and the introduction of new product variations to meet the increasing demand for delicious, nutritious, and sustainable snack foods
  • The market's growth opportunities are driven by the rising popularity of snack foods among consumers and their evolving preferences for on-the-go, convenient, and healthy snacking options.

Global Snack food Market analysis

Future Outlook:

Global Snack food Market outlook

  • The global snack food market is expected to reach USD 304306 Mn from 2022 to 2027, with a projected increase in market size driven by changing consumer preferences, urbanization, and a rising demand for convenience foods.
  • A major growth driver in the snack food market will be the increasing consumer focus on health and wellness. There is a growing demand for snacks that are not only tasty but also nutritious.
  • The adoption of online shopping is expected to play a pivotal role in the growth of the snack food market. With the convenience of online platforms, consumers can access a wide range of snack options, contributing to increased sales and market penetration.
  • Environmental consciousness is likely to impact the snack food market, with consumers seeking sustainable and eco-friendly packaging solutions. Companies that prioritize sustainability in their production processes and packaging are expected to gain a competitive edge.



Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

  • Investors
  • Manufacturers & Distributors
  • Restaurants and Confectionary Shop owners
  • Government Entity
  • Environmental Advocates
  • FMCG Professionals


Time Period Captured in the Report:

  • Historical Period: 2020-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027


Major Players Mentioned in the Report:

  • PepsiCo China
  • Want Want Holdings

Table of Contents

Table of Contents

1. Executive Summary

1.1 Executive Summary for Global Snack Food Market 

2. Global Overview

2.1 Global Overview

3. Snack food Market Overview and Genesis

3.1 Ecosystem of Major Companies in Global Snack food Market

3.2 Business Cycle and Genesis of Global Snack food Market

3.2 Value Chain Analysis of Global Snack food Industry

3.3 Import-Export Analysis of Global Snack food Market

4. Global Snack food Market Size, 2022

4.1 Global Snack food Market Size, In Revenues, 2020-2022

5. Industry Analysis of Snack food Market

5.1 Growth Drivers in Snack food Market

5.2 Bottlenecks and Challenges in Snack food Market

5.3 Trends and Developments in Snack food Market

5.4 Rules and Regulations for Snack food Market

5.5 Impact of Covid-19 on Snack food Industry

6. End User Analysis of Snack food Market

6.1 Recent Developments in Snack food Industry

7. Competition Framework

7.1 Competition Scenario in Snack food Market

7.2 Cross Comparison of Major Players in Snack food Market

7.3 Snack food Market Players in Gartner Magic Quadrant

7.4 Vender Evaluation and Selection Process in Snack food Market

7.5 Factors Affecting Vendor Selection Process

8. Future Outlook and Market Size for Global Snack food Market, 2022-2027

8.1 Future Market Sizing of Global Snack food Market, 2022-2027

9. Analyst Recommendations

9.1 Analyst Recommendations

10. Research Methodology

10.1 Market Definitions and Assumptions

10.2 Abbreviations

10.3 Market Sizing Approach- Snack food Market

10.4 Consolidated Research Approach

10.5 Sample Size Inclusion

10.6 Primary Research Approach

10.7 Limitations and Future Conclusions

10.8 Correlation Matrix


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Research Methodology

Research Methodology

Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.

Step 2: Market Building: Collating statistics on lubricants market over the years, penetration of marketplaces and service providers ratio to compute revenue generated for Snack food Market. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.

Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.

Step 4: Research output: Our team will approach multiple Snack food providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from Snack Food providers.

Frequently Asked Questions

Frequently Asked Questions

How big is Global Snack Food Market?

The Global Snack Food Market was valued at ~USD 236,780 Mn in 2022.

What are the Key Factors Driving the Global Snack Food Market?

Rapid urbanization, increasing demand for ready to go food are likely to fuel the growth in the Global Snack Food Market.

Who are the Key Players in the Global Snack Food Market?

PepsiCo Inc., Kellogg’s, Nestle and Unilever are some of the key players in the Market

What is the Future Market Size of the Global Snack Food Market?

The Global Snack Food Market is expected to reach ~USD 3,04,306 Mn by 2027.

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