Budding Popularity of On-the-go Bars Delineate a Predominant Snacking Trend
On-the-go snacking bars are gaining considerable popularity in the snacks market, permitting an influx of new as well as innovative ingredients and flavors. Snack bars steadily replacing complete meals have led the consumers clamor for products with rich and affluent nutritional profiles. With several trends such as non-genetically modified organism (GMO), clean label, low-sugar, gluten-free, and other health-based claims prevailing in the snacks market, manufacturers might have to consistently direct their efforts toward meeting these newfound health standards. Furthermore, evolving protein additives including whey and soy, lentil and many more are making a headway in the snacks market, which can be banked on by the manufacturers of snacks market for long-term gains.
Collagen-based Snacks Demand Undermined by Ambiguities over Claimed Benefits
The debut of collagen-infused food products, in the form of snack bars, has been gaining notable grounds in the snacks market. Consumers’ perception of collagen as an ingredient for beauty enhancement illustrates untapped opportunities in functional foods featuring collagen. But, the adoption of collagen-based snacks is being hindered by ambiguities over authenticity of the aforementioned claim. Collagen-based snacks, being at odds with the trend of plant-based alternatives, might witness hurdles in the course of long-term proliferation.
Manufacturers to Stress on Ingredient Transparency for Nourishing Long-term Consumer Retention
Transformation in the definition of health and well-being has led consumers seek transparency regarding ingredient bases of snacks they consume. Meanwhile, modern day businesses are vying to accommodate this trend in their offerings, which will help them build long-term sustainable relationships with their consumers. A large health-savvy demographic purchasing snacks is prioritizing ingredients over brands, which is also responsible for further influencing their purchase decisions. To multiple consumers, a list of healthy and organic ingredients resonate profoundly. In line with the aforementioned trend, manufactures in the snacks market are vying to add ‘healthy-ingredient’ alternatives to their existing offerings.
Snacks Bridging the Gap between Indulgence and Nourishment to Gain Prominence
As consumers aspire for healthier as well as tastier snacks, products that bridge the gap between nutrition and indulgence are foreseen to pick up the steam, both globally and locally. But, while framing a strategy for snacks of such kind, regional and local taste preferences have to be taken into consideration. Local favorites might have minimum scope for a global market player to compete. But, a multitude of growth opportunities can be exploited by scrutinizing the underlying dynamics influencing consumer behavior toward these local favorites.
Drinkable Soups are Going Mainstream for Snacking on the Move
While Juicing was all the rage, a new trend with similar discipline has emerged in the snacks market. Ready-to-eat soups, prepared through High Pressure Processing (HPP), are picking up the steam in the snacks market as a new favorite on the go. By virtue of convenience and versatility offered along with multiple healthy ingredients, drinkable soups are being consumed both as snacks as well as meals. This projects a promising proliferation of drinkable soups in the snacks market, which is brimming with new opportunities for market players to leverage.
The competitive landscape of the snacks market features names of prominent manufacturers as per their market foothold, which include National Biscuit Industries LTD SAOG, Kellogs, Kraft Foods Group, INC., Nestle SA., Campbell Soup Company, ITC Limited, Mondelez International, INC., Lotus Bakeries NV, Britannia Industries Limited, and CALBEE, Inc.
Britannia Industries Limited, a leading player of the snacks market, unveiled its new logo and is on the process of launching around 50 new products to celebrate its centenary. Moreover, it has also established a successful partnership with Greece-based Chipita to launch its own new line of croissants.
Nestle S.A., a prominent player in the snacks market, is making sincere efforts to support healthier lifestyles through its products. The brand has made forward-looking commitments to curtail sodium, sugars, and saturated fats and include healthy ingredients like fiber-rich grains, vegetables, and micronutrients in their offerings.
Snacks are a portion of food that are basically smaller than regular meals. Snacks are usually consumed between meals and come in a variety of forms including packaged snacks and other processed snacks. Conventionally, snacks are prepared from ingredients which are easily available at home.
About the Report
Fact.MR compiled a report on snacks market for the forecast period of 2017 to 2022. The report portrays current and future scenario of the snacks market backed by meticulous historical and futuristic statistical data. With a motive to provide a balanced outlook of the snacks market, the report offers comprehensive and pre-requisite information of discrete segments of the snacks market to the clients for an in-depth and detailed understanding.
Additional Questions Answered
Some of the key questions answered in the report for snacks market include-
- Which product is likely to flourish in terms of demand in the snacks market, biscuit, bars, or fruit snacks?
- Which distribution channel will gain momentum in the snacks market over the time?
- Which source type in the snacks market will occupy a large revenue chunk?
Fact.MR published a report on snacks market for the forecast timeline of 2017 to 2022. This report on snacks market incorporates compelling insights procured by adopting a rigorous methodology- a combination of both primary and secondary research. This report on snacks market induces an in-depth understanding of the present and futuristic scenario of the industry, along with other factors such as product developments and key differential strategies for successful expansion in the snacks market.
Chapter 1- Executive Summary
The snacks market report starts with a short executive summary that quickly summarizes the industry scenario from a 360-degree perspective. The independent segments of snacks market have also been included in this chapter along with their quantitative and qualitative aspects.
Chapter 2- Market Overview
This chapter contains a brief introduction of snacks market and a well-articulated definition of the product “snacks” has also been added. Moreover, scope of the snacks market report has been included in this chapter.
Chapter 3- Market Dynamics
This chapter named as “market dynamics” talks about various aspects such as key growth drivers, restraints, opportunities, and trends influencing dynamics of snacks market. Other crucial aspects such as product life cycle, investment feasibility matrix, regulatory framework, and many more have also been added in this section.
Chapter 4- Pricing Analysis
This chapter on pricing analysis of snacks market elaborates on the snacks concentrate regional pricing for 2017, snacks concentrate regional pricing for 2018, and snacks concentrate price point by product type. Additionally, it talks about various factors influencing the pricing framework of the snacks market.
Chapter 5- Global Snacks Market Analysis
This chapter discusses a comprehensive analysis of the snacks market over the forecast period. The analysis included is based on segments such as product type, sales channel, source, and nature.
Chapter 6- North America Snacks Market Analysis
This chapter talks about the revenue forecast of North America snacks market over the forecast timespan. By nature, the snacks market has been classified as organic and conventional. Moreover, country-wise demand across U.S. and Canada has also been included in this chapter for a lucid understanding of landscape of North America snacks market.
Chapter 7- Latin America Snacks Market Analysis
This chapter puts spotlight on the futuristic outlook of Latin America snacks market. This chapter also imparts a brief understanding of the regional trends impacting growth of Latin America snacks market.
Chapter 8- Europe Snacks Market Analysis
This chapter elucidates the futuristic roadmap of Europe snacks market based on multiple aspects such as regional trends, regulations, opportunities, and many more.
Chapter 9- Japan Snacks Market Analysis
This chapter talks about the performance of Japan snacks market through statistics depicting the performance quo. Moreover, regional trends prevailing in the region that are having profound influence on the Japan snacks market have also been discussed.
Chapter 10- APEJ Snacks Market Analysis
This section consists of a detailed prognosis of APEJ snacks market across countries such as Greater China, India, South Korea, ASEAN Countries, and rest of APEJ. This chapter offers compelling insights on growth course of APEJ snacks market along with factors influencing the same.
Chapter 11- MEA Snacks Market Analysis
This chapter consists of an all-inclusive industry analysis of snacks market across countries of Middle East and Africa. This chapter also incorporates a country-wise demand assessment of MEA snacks market for a detailed understanding of the reader.
Chapter 12 –Competitive Assessment
This chapter entails a quick dashboard view of the competitive rivalry in the global snacks market. Moreover, this chapter also elaborates on the market structure of snacks market and a detailed company share analysis of various brands operating in the global snacks market
Chapter 4 –Company Profiles
This chapter features names of prominent players functioning in the snacks market on the basis of various aspects such as revenue shares, product portfolio, key differential strategies, product offerings, and many more.
The above data points have been garnered from various resources such as published financial data, quarterly financial statements, 10-K & 10-Q filings, annual reports, company websites, company press releases, published trade data, local newspapers, and other data sources.
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