Latest Industry Updates:
March 2017 Conagra Brands Inc. has entered into a definitive agreement to acquire protein-based snacking businesses Thanasi Foods LLC, maker of Duke’s meat snacks, and Bigs LLC, maker of Bigs seeds. Bigs produces a line of premium seed snacks, including jumbo in-shell sunflower seeds, sunflower seed kernels and roasted pumpkin seeds, many with co-branded flavor profiles.
Dec 2017 John B. Sanfilippo & Son, Inc. (JBSS) has acquired roasted nuts and snack mix maker Squirrel Brand, L.P. for $31.5 million.
Dec 2017 SunOpta Inc., a leading global company focused on organic, non-genetically modified and specialty foods, announced today that it is making a significant investment in its roasted snacks operations at its facility in Crookston, MN.
With the entry of industry players in the roasted snacks segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. Acquisitions to expand in the business of roasted snacks is the major strategic move by the key players. Attractive packaging and promotional activities is also contributing to the growth of the market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in roasted snacks market report are Biena (U.S.), Jayone Foods, Inc. (U.S.), Don’t Go Nuts (U.S.), Godrej (India), SunOpta Inc. (Canada), PepsiCo (U.S.), and Thanasi Foods LLC (U.S.), among many others.
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Growing health conscious population with high concern over the snacks intake is driving the growth of roasted snacks market. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Roasted Snacks Market Research Report- Forecast to 2022’ that the market will demonstrate an exceptional CAGR during the forecast period.
Roasting snacks is a type of snack in which dry heat is used to cook nuts, grains, cereals, and others. Roasting can enhance flavor through caramelization and Maillard browning on the surface of the food. Roasted snacks are healthy with various nutritional benefits. Increasing trend of inclination towards weight loss diet is an opportunity for roasted snacks market. The best approach towards dieting is ingesting the healthy snacks that are high in fiber content. Such snacks will not only help you in managing weight but also helps in losing weight effectively.
Rise in disposable incomes, increase in number of working population, changing consumption patterns, especially in the food categories, growing preferences for healthy snacks is driving the 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. The number obese patients are also increasing every year, which is further fueling growth of the roasted snack market. Due to functional properties including low-calorie, gluten-free property of roasted snacks has become a preferable name under weight-loss or maintenance snacks.
The global Roasted Snacks Market has been divided into source, claim, packaging, distribution channel, and region.
On The Basis of Source: nuts, grains, cereals, and others
On The Basis of Claim: gluten free, organic, vegan, and others
On The Basis of Packaging: paper, plastic, and others
On The Basis of Distribution Channel: Store Based, and Non-Store Based
On The Basis of Region: North America, Europe, Asia Pacific, and ROW.
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The global roasted snacks market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America holds the major share of the global market followed by Asia Pacific and Europe. The growing disposable income, increasing health consciousness, and trending healthy snacking habits is driving the growth of this market in Asia Pacific. In Asia Pacific, India is dominating the market followed by China.
In North America, the U.S. is the major contributor to the growth of roasted snacks market followed by Canada. Growing demand for gluten-free, and low-calorie products is contributing to the growth of roasted snack in Europe. Increasing health conscious population and rising awareness about the health benefits of roasted snack will boost the growth of roasted snack in the rest of the world.
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