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Global Processed Snacks Market 2017-2021

  • Published: Nov 2017
  • Pages: 101
  • SKU: IRTNTR15774
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This industry research report identifies Aviko, Calbee, General Mills, Hormel Foods, Intersnack Group, Kellogg Company, McCain Foods, PepsiCo, and Tyson Foods as the key vendors in the global processed snacks market. This industry research report also presents a detailed analysis of the market by product (sweet snacks and savory snacks) and by geography (the Americas, APAC, and EMEA).

Overview of the global processed snacks market

Manufacturers in the industry are offering high-protein snacks as sources of protein with low calorie content. They are also offering meat snacks in spicy flavors such as teriyaki, jalapeno, and habanero.  Technavio’s market research has identified the rising demand for high-protein snacks to be one of the primary growth factors for the processed snacks market. Processed snack vendors are offering vegetarian and plant-based snacks with high protein content, low calories, and convenience of consumption. Jerky, that provides high protein and has a long shelf-life, is gaining popularity among consumers in the healthy processed foods market. Our market research analysts have estimated that the market will register a revenue of more than USD 439 billion by 2021.

Due to the presence of excessive calories, trans-fats, sugar, sodium, and other processed ingredients, consumers’ preference if shifting towards healthy snacks. Players in the market are enhancing their products or launching new products with healthy product content. Consumers are increasingly opting for healthier ingredients such as snacks high in fiber, protein, and whole grains. To fulfill the consumer demand, manufacturers are focusing on fat reduction of snacks and offering trans-free snacks. Healthy snacks are aimed at consumers suffering from health issues such as weight, diabetes, cancer, and heart disease. According to our analysis, the growing demand for healthy snacks will be one of the key trends that will influence the growth of the processed snacks market in the coming years.

Competitive landscape and key vendors

The processed snacks market is moderately fragmented owing to the presence of several key international and regional vendors. Competition among the processed snacks manufacturers is intensified due to homogeneous product offerings and buyer’s low switching costs. Established players with strong production facilities restrict the entry of new players in the market. To attain competitive advantage in the healthy processed foods market, vendors must offer differentiated products and adopt aggressive promotion strategies.

The leading vendors in the market are

  • Calbee
  • General Mills
  • Hormel Foods
  • Intersnack Group
  • Kellogg Company
  • McCain Foods
  • PepsiCo
  • Tyson Foods

The other vendors in the market are Aviko and Lamb Weston.

Segmentation by product and analysis of the processed snacks market

The sweet snacks segment will account for major share in the healthy processed foods market due to the increased popularity of confectionery items, bakery items, dairy, and others. These range of products, including cakes and pastries, are sugar-stuffed. Further, the advent of contemporary bakeries and in-store bakeries in supermarkets offer these products at reasonable prices. However, growing health-consciousness among consumers and increase in diabetic population hampers the market growth of this segment.

Geographical segmentation and analysis of the processed snacks market

  • Americas
  • APAC
  • EMEA

The Americas will be the major revenue contributor to the processed snacks market owing to the high demand for convenience foods and healthy snacks alternatives. Increased health consciousness among the consumers provides traction to snack alternatives such as contemporary bakeries and in-store bakeries in supermarkets. Further, product awareness and product launches will drive the healthy processed foods market in the Americas.

Key questions answered in the report include

  • What will the processed snacks market size and growth rate be in 2021?
  • What are the key factors driving the global processed snacks market?
  • What are the key market trends impacting the growth of the global processed snacks market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global processed snacks market?
  • What are the market opportunities and threats faced by the vendors in the global processed snacks market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global processed snacks market?

Technavio also offers customization on reports based on specific client requirement.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline
  • Global snacks market

PART 05: MARKET LANDSCAPE

  • Market overview
  • Global processed snacks market
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Savory snacks – Market size and forecast 2016-2021
  • Sweet snacks – Market size and forecast 2016-2021
  • Market opportunity by product

PART 07: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2016-2021
  • EMEA – Market size and forecast 2016-2021
  • APAC – Market size and forecast 2016-2021
  • Key leading countries
  • Processed snacks market in US
  • Processed snacks market in China
  • Processed snacks market in UK
  • Processed snacks market in Japan
  • Processed snacks market in Germany
  • Processed snacks market in Russia
  • Market opportunity

PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Technological innovations
  • Increase in strategic alliances
  • Growing demand for healthy snacks
  • Rise in marketing and promotional campaigns by processed snack manufacturers

PART 11: VENDOR LANDSCAPE

  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendor overview
  • Aviko
  • Calbee
  • General Mills
  • Hormel Foods
  • Intersnack Group
  • Kellogg
  • Lamb Weston Holdings
  • McCain Foods
  • PepsiCo
  • Tyson Foods
  • Other prominent vendors

PART 13: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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