Global Roasted Snacks Market Overview:
Snacks are an integral part of the diet, and they are useful for preventing the blood sugar level from dropping to the extent of affecting the health. Not only healthy snacks provide nutrients to the body, but they also assist consumers in weight loss. Market Research Future (MRFR) has published a research report about the global Roasted Snacks Market that estimates decent growth for this market between 2023-2032.
Mexico Roasted Snacks Market is experiencing significant growth, driven by factors such as urbanization, changing lifestyles, and increasing awareness of health and wellness among consumers. As Mexican consumers seek healthier alternatives to traditional snacks, roasted snacks have emerged as a popular choice due to their nutritional value, convenience, and versatility. From classic roasted nuts to innovative blends infused with Mexican flavors and spices, the market offers a wide range of options to cater to diverse tastes and preferences. Key players in the industry are capitalizing on this trend by introducing new products, expanding distribution networks, and investing in marketing campaigns to engage consumers. However, competition within the roasted snacks market is intensifying, necessitating manufacturers to differentiate their offerings through product innovation, quality, and branding to gain a competitive edge in this dynamic and evolving market landscape.
Roasted Snacks Market Size was valued at USD 5.2 Billion in 2022. The Roasted Snacks market industry is projected to grow from USD 5.5 Billion in 2023 to USD 407.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.46% during the forecast period (2023 - 2032).
The factors leading to the market growth include awareness among consumers regarding healthy snacking, growing disposable income, growing inclination towards weight loss diets due to the increasing prevalence of obesity, and changing consumption pattern of the health-conscious population. Due to the increasing working population, roasted snacks market is likely to grow rapidly. The market is also growing due to competition, caused by innovation in new products and the variety of flavors introduced in the market for the consumers.
Key Players:
The global Key Roasted Snacks Market Players include Biena (USA), Don't Go Nuts (USA), Godrej (India), Jayone Foods, Inc. (USA), PepsiCo (USA), SunOpta Inc. (Canada), and Thanasi Foods LLC (USA).
Segmentations:
The global Roasted Snacks Market has been segmented on the basis of calories per serving, distribution channel, packaging material, source, types, and lastly region. As per the distribution channel, this market has been segmented into store-based and non-store based. Nowadays, people buy snacks from online stores as well. However, the store-based distribution is currently dominating the market. On the basis of calories per serving, the market has been segmented into below 40 Calories, 40-100 Calories, and others.
Based on the packaging material, the Roasted Snacks Market has been segmented into paper, plastic, and others. During the forecast period, plastic packaging is dominating the market, followed by paper packaging. The source-based segmentation of market covers grains, nuts, pulses, vegetables, and others. Among these, the nuts segment is dominating the market, followed by cereals segment. By types, the market has been segmented into gluten-free, organic, vegan, and others. Among these, the gluten-free segment is dominating the market. However, the consumers are highly inclining towards organic products that can spell a substantial growth for organic segment over the forecast period.
Latest Industry News:
- Mary Lou Donuts has launched a new line of snacks that includes chocolate covered potato chips, dipped pretzels, and flavored popcorn. It has also launched various roasts of coffee. The new products can be ordered online. 30 MAY 2018
- Snack brand Biena has teamed up with the Girl Scouts of America to create an official Thin Mint Chickpea product that will be high in nutritional value. A serving of the minty, salty-sweet chickpeas will apparently tout four grams of protein and fiber but will have only 130 calories. 5 APR 2018
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