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Global Snack Food Market: A $334.58 Billion Snack Attack by 2026 Driven by Convenience & Health Trends: Ken Research
Snacking has transcended its traditional role, becoming an integral part of modern lifestyles. Rising urbanization, busy schedules, and evolving dietary preferences are fueling the demand for convenient, healthy, and innovative snacks. This dynamic market, valued at , is driven by several key trends:
The report dives deep into the various segments of the global snack food market, offering a comprehensive view:
The market features a mix of established giants and innovative players:
Despite the positive outlook, some challenges need to be addressed:
The global snack food market is poised for continued growth, fueled by several exciting factors:
This report offers valuable insights for various stakeholders in the global snack food market, including:
The global snack food market is a dynamic and exciting space, brimming with opportunities for growth and innovation. By understanding the key trends, challenges, and future outlook, stakeholders can make informed decisions to capitalize on this delicious opportunity. Remember, the future of snacking is not just about satisfying taste buds, but also about catering to evolving consumer preferences, embracing sustainability, and fostering a thriving and responsible industry.
According to Ken Research, this market is anticipated to grow at a CAGR of ~7% in between 2022-2028 owing to rise in allergy cases, rapid urbanization and technological advancements along with rise in demands and sales of gluten free products. Functional Flours can be best described as alternative options to traditional flours with high nutritional content. The US Functional Flour market deals in the production, sale, and usage of these flours to serve the demands of customers.
According to OECD, Europe's per capita wheat consumption increased from 89.5 kg in 2020 to 90.04 kg in 2021. The rise in the area harvested under wheat is increased by the increase in consumption. As mentioned in the report by OECD, Europe's per capita wheat consumption increased from 89.5 kg in 2020 to 90.04 kg in 2021. The area harvested under wheat is 70.1 in 2020 and 71.2 in 2021. Since, the increasing land under wheat cultivation is pushing production, thereby increasing the per capita consumption of wheat. It leads to the wheat market growth during the forecast period.
KSA Seafood Industry is expected to grow at a CAGR of ~11% from 2022 to 2027 with rising demand for seafood due to population growth, economic prosperity, and government initiatives promoting self-sufficiency in seafood production. The growing trend of being more health conscious has led people to recognize the health benefits associated with consuming seafood, such, as its high protein content and Omega 3 fatty acids.
The Vietnam edible oil market has witnessed significant growth in recent years, driven by factors such as rising consumer awareness of health benefits associated with edible oils and an expanding population. Palm oil, soybean oil, and sunflower oil are among the most consumed edible oils in Vietnam , catering to various culinary preferences and cooking styles.
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
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