Snacks Market Size, Share, Growth Analysis, By Type(Frozen & Refrigerated, Fruit, Bakery, Savory), By Distribution channel(Supermarkets & Hypermarkets, Convenience Stores, Online, others), By Region - Industry Forecast 2024-2031

Global Snacks Market size was valued at USD 1,450.40 Billion in 2019 and is poised to grow from USD 1489.56 Billion in 2023 to USD 1843.41 Billion by 2031, at a CAGR of 2.70 % during the forecast period (2024-2031).

Snacking has become general habit, especially among adults and younger generations. In order to reduce unexpected hunger, this has further encouraged consumers to "purchase in bulk" of snack items. After seeing the significant increase, manufacturers have ultimately introduced goods that are protein, vitamin, and nutrient-rich, providing consumers with on-the-go nourishment while munching. In the medium future, a paradigm shift in consumer behaviour patterns may cause snack food to replace full-fledged meals. As empowered consumers increasingly look for enjoyable, nourishing, and sustainable meals to support their on-the-go lifestyles, snacks are adapting to meet shifting demand. The desire for portability and convenience is driving an increase in snacking, while premiumization is encouraging innovation and diversity in fresh, healthier, and more useful snacks. To appeal to international palates, localization encourages the use of strong, spicy flavours as well as unusual products, which is boosting regional markets' growth. Ready-to-eat snack sales online are also being driven by convenience, with snacks being one of the most popular food categories bought through e-commerce platforms.

US Snacks Market is poised to grow at a sustainable CAGR for the next forecast year.