Global Snacking Frenzy: 5.1% CAGR Fuels $800 Billion Market by 2030 (2023-2030): Ken Research

Gurugram, India, May 08, 2024 (GLOBE NEWSWIRE) -- The global snacking scene is sizzling! Fueled by our insatiable desire for convenient and healthy bites, the market is experiencing a delicious surge. Ken Research's insightful report, Global Snack Food Market Forecast to 2030: A Bite-Sized Look at $800 Billion Opportunity, delves into this ever-evolving landscape, projecting a remarkable 5.1% CAGR that will push the market value to a staggering $800 billion by 2030. This press release summarizes the key findings and offers valuable insights for manufacturers, retailers, and investors seeking a winning recipe in this dynamic market. 

Convenience Cravings Drive On-the-Go Snacking: 

The fast-paced nature of modern life has ignited a 30% growth in demand for convenient snacking options since 2018. Consumers are increasingly seeking readily available, portable, and satisfying snacks that seamlessly integrate into their busy schedules. 

Interested to Know More about this Report, Request a Free Sample Report

Stat-Based Headings: 

5.1% CAGR Propels Snack Market to $800 Billion by 2030: This data-driven headline emphasizes the robust growth trajectory and projected market size of the global snack food industry.  30% On-the-Go Snacking Surge: Highlights the significant rise in demand for convenient and portable snack options.  Health Takes Center Stage: Functional & Nutritious Snacks Gain Traction: Focuses on the growing consumer preference for snacks that offer health benefits alongside taste appeal.  Salty Snacks Maintain Dominance: Shines a light on the enduring popularity of traditional salty snack categories.  E-commerce takes a Bite out of Traditional Sales: Emphasizes the growing importance of e-commerce platforms for snack purchases.  Emerging Markets: A Lucrative Bite for Expansion: Highlights the potential for growth in developing economies with rising disposable income.  Sustainable Packaging on the Rise: Eco-Conscious Consumers Drive Change: Focuses on the growing preference for sustainable packaging solutions within the snack food industry. 

Health Takes Center Stage: Functional & Nutritious Snacks Gain Traction: 

Consumers are becoming more health-conscious, seeking snacks that offer both taste and nutritional value. This trend presents a 25% growth opportunity for manufacturers to develop healthier snack options that are high in protein, fiber, and other essential nutrients. 

Visit this Link :- Request for custom report

Salty Snacks Maintain Dominance: 

Despite the rise of health-conscious alternatives, salty snacks like potato chips, extruded snacks, and nuts remain a dominant category, accounting for over 50% of the global market share. However, even within this category, there is a shift towards healthier options with lower sodium content and baked versions. 

E-commerce takes a Bite out of Traditional Sales: 

Den ganzen Artikel lesen: benzinga.com

ungelesene nachrichten