Market Research Future adds new report of “Global Roasted Snack Market Research Report- Forecast to 2022” it contains Company information, geographical data and Table of Content
Eden Sea’s Gift, Biena, Jaybees, Don’t Go Nuts, Godrej, Roasted and Namkeen, Roasted King, Fabindia, And Snackaisle are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Roasted Snack Global Market.
Roasted Snack Global Market – Overview
The Global Roasted Snack Market is growing with the rapid pace; mainly due to the change in lifestyle. According to a recent study report published by the Market Research Future, The global Roasted Snack Market is booming and expected to demonstrate a spectacular growth by reaching USD ~ 977 Million with a striking double digit CAGR of 10% during the anticipated period (2016 – 2022).
Globally, the demand for roasted snack has been increasing, due to change in consumer eating habits and increase in disposable income, consumer’s preference towards low-calorie, Gluten- free natural, whole grain etc. are key drivers for the market. Rise in disposable incomes, increase in number of women working population, changing consumption patterns, especially in the food categories, growing preferences for healthy snacks is escalating the market growth of Roasted Snack Market. There is an increase in demand for roasted snack, because of increase in the awareness of various health benefits for the health concerned people. Growing prevalence of obesity is among the top most concerns of the world today. The number obese patients are also increasing every year, which is further fuelling growth of the roasted snack market. Due to functional properties including low calorie, gluten- free property of roasted snack, has become a preferable name under weight-loss or maintenance snacks. Inclusion of new flavours has increased the consumer’s preference towards healthy snacking.
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Roasted Snack Global Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Roasted Snack appears to be highly competitive and fragmented. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as quality, technology, and price. The merger and acquisition activity that characterized the commercial Roasted Snack market in the past few years also impacted producers of Baked Foods.
Roasted Snack Global Market – Segmentation
The Roasted SnackMarket can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation On the basis of Type: Comprises Gluten free, Organic, Vegan
- Segmentation On the basis of Source: Comprises nuts, grains, cereals, grain puff
- Segmentation by Calories per Serving: Comprises <40 calories, 40-100 calories
- Segmentation On the basis of Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Roasted Snack Global Market – Synopsis
The commercial Roasted Snack industry has experienced some recent consolidation and is currently undergoing significant changes in how these products are marketed and distributed. This consolidation may have been spurred by some excess capacity in the industry. A greater share of the contraction in production facilities was accounted for by smaller operations. The market for Roasted Snack has been characterized by significant product innovation, new product introductions, and an overall shift in the market to higher quality, premium products.
New product introductions from vendors have focused on higher quality Foods using better ingredients and improved production and roasting technology. This has led to increases in retail sales value, as consumers purchase higher-priced products, without as significant increases in retail sales volumes. Several factors have been suggested to explain recent changes in Roasted Snack consumption. The three most important are increasing convenience/quick preparation time in the marketing of foods, the prevalence of fad diets that stress the avoidance of carbohydrate rich foods, and the detection of acrylamide, a potentially cancer causing substance in baked and fried foods.
Roasted Snack Global Market – Regional Analysis
The global Roasted Snackmarket is segmented into North America, Europe, APAC, and Rest of the World (RoW). Among this APAC region has major market share followed by North America. Growing population and rise in disposable income in APAC region is driving the demand for Roasted Snackin that particular region. The market growth in Asia Pacific region is high compared to North America and Europe.
Asia Pacific and Latin America accounts for highest share in the global Roasted Snackmarket followed by North America and Europe and RoW, accounting for astronomical amounts and is expected to grow over its previous growth records by 2022, and is expected to grow at substantial CAGR from 2016 to 2021.
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