The global processed snacks market is forecasted to grow at a CAGR of 2.64% during the period 2017-2021

LONDON, Dec. 4, 2017 /PRNewswire/ --

About Processed Snacks

A processed snack is altered from its original form through cooking, drying, salting, freezing, smoking, pickling, canning, baking, or drying during preparation. The global snacks market is set to grow at a moderate pace during the forecast period. It is segmented into salted snacks, bakery snacks, confectionery, frozen snacks, and other food products. The changes in consumer lifestyles, increasing disposable incomes, and increased demand for convenience foods have affected the market positively during the forecast period. Also, snack products are largely being consumed as meal replacements. Additionally, the growing demand for tortilla chips, taco shells, corn chips, and a variety of other popular Mexican snacks are slated to drive the market. Extruded snacks that have a higher nutritional value than traditional snacks are gaining momentum, of late. The high demand for extruded snacks drives the market growth during the forecast period.



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Technavio's analysts forecast the global processed snacks market to grow at a CAGR of 2.64% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global processed snacks market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Processed Snacks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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

Other prominent vendors
• Arca Continental
• Blue Diamond Growers
• Burts Potato Chips
• Conagra Brands
• Hain Celestial
• Haldiram Foods International
• Herr Foods
• ITC
• JFC International
• KETTLE FOODS
• Link Snacks
• Mars
• Mondel?z International
• Old Dutch Foods
• Orkla
• Snyder's-Lance
• The Kraft Heinz Company
• The Lorenz Bahlsen Snack-World
• Tyrrells Potato Crisps
• Want Want Holdings

Market driver
• Evolving taste preferences
• For a full, detailed list, view our report

Market challenge
• Fluctuations in raw-material costs
• For a full, detailed list, view our report

Market trend
• Technological innovations
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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