Global Snack Market Report: ‘Sector anticipated to register steady expansion; revenues to increase as well’

Snacks MarketThe global snacks market sector is anticipated to register a steady expansion, according to the latest report by Fact.MR. The report estimates market revenues to increase at a steady rate during the forecast period. Currently, consumers are more concerned about their snacking habits. Earlier, snacks were considered to be stop-gap food between meals. At present, they are being consumed with meals across many developed economies. This has led to a higher adoption of healthy snacking products such as extruded snacks, on the back of their metabolic benefits. Intense competition is expected to prevail in the global snacks market, owing to continuously changing spending patterns of consumers, local and national economic conditions, and demographic trends. North America is expected to remain dominant in the global snacks market in terms of revenues, while the market in Europe is expected to be in the order of US$ 4,979.2 Mn between 2017 and 2022. Supermarkets/hypermarkets is expected to remain the largest distribution channels for snacks. More