Market Research Report
Global Processed Snacks Market 2017-2021
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||364916|
|Published||Content info||101 Pages
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.
Technavio's analysts forecast the global processed snacks market to grow at a CAGR of 2.64% during the period 2017-2021.
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:
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.
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