Snack Food Global Market Report 2020-30: Covid 19 Impact and Recovery from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global snack food market as it emerges from the Covid 19 shut down.
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Top Key Companies:
- Calbee Inc.
- ConAgra Foods Inc.
- Ferrero S.P.A.
- General Mills Inc.
Asia Pacific was the largest region in the global snack food market, accounting for 56% of the market in 2019. North America was the second largest region accounting for 25% of the global snack food market. Africa was the smallest region in the global snack food market.
Many manufacturers and producers are increasingly using natural ingredients and have also reduced the use of artificial colors and flavors. Health concerns of consumers is increasing the sales of products with natural ingredients, additives and coloring agents. For instance, Pizza Hut stopped using artificial flavors and colors in its US stores in 2015.
Food and Beverage manufacturers should look to gain a stronger foothold in the increasingly popular healthy food products segment, either by introducing products with natural additives and coloring agents or by acquiring smaller firms that produce products with natural ingredients.
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The companies in the snack food industry are primarily engaged in salting, roasting, drying, cooking or canning nuts; processing grains or seeds into snacks; manufacturing peanut butter; or manufacturing potato chips, corn chips, popped popcorn, hard pretzels, pork rinds and similar snacks. The companies package and distribute their products through various distribution channels to both individual customers and commercial establishments.
Key question and answered in the report include:
- What will the market size and the growth rate be in 2030?
- What are the key factors driving the Snack Food Market?
- What are the key market trends impacting the growth of the Snack Food Market?
- What are the challenges to market growth?
- Who are the key North vendors in the Snack Food Market?
- What are the market opportunities and threats faced by the vendors in the Snack Food Market?
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