Snack Food Manufacturing Market Characteristics
The snack food manufacturing market consists of sales of snack foods by entities (organizations, sole traders and partnerships) that produce snack foods. 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.
Competitive Landscape of the Snack Food Manufacturing Market
Major players in the global snack food manufacturing market include Calbee Inc., ConAgra Foods Inc., Ferrero S.P.A., General Mills Inc., Nestle
Snack Food Manufacturing Market Size
The snack food manufacturing market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the snack food manufacturing market is due to emerging markets growth, increase in disposable income and improved earning capacity.
However, the market for snack food manufacturing is expected to face certain restraints from several factors such as health scares, tax increases, talent crunch and changing consumer preferences.
Snack Food Manufacturing Market Segmentation
The global snack food manufacturing market is further segmented based on type and geography.
By Type - The snack food manufacturing market is segmented into peeled or cut vegetables fruits and vegetables, processed food, prepared meals, other perishable prepared food manufacturing.
By Geography - The global snack food manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-pacific snack food manufacturing market accounts the largest share in the global snack food manufacturing market.
Trends in the Snack Food Manufacturing Market
To preserve nutrients and eliminate harmful microorganisms in canned, pickled or dried fruits and vegetables, fruit and vegetable canning companies are using high pressure pasteurization technique as the major trends witnessed in the global snack food manufacturing market.
Potential Opportunities in the Snack Food Manufacturing Market
With busy lifestyle, influence of social media on the market, impact of new cuisines on the market, low cost foods, the scope and potential for the global snack food manufacturing market is expected to significantly rise in the forecast period.