The Business Research Company’s latest report Snack Food Global Market Report 2020 covers Snack Food market drivers, Snack Food market trends, Snack Food market segments, Snack Food market growth rate, Snack Food market major players, and Snack Food market size. The report provides in-depth analysis of the impact of COVID-19 on the Snack Food industry, along with revised market numbers due to the effects of the coronavirus.
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Snack Food Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global snack food market is expected to grow from $210.4 billion in 2019 to $215.9 billion in 2020 at a compound annual growth rate (CAGR) of 2.7%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $264.8 billion in 2023.
The report covers the Snack Food market’s segments-
1) By Type: Potato Chips, Popcorn, Processed Snacks, Other Snack Food
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
3) By Type: Extruded Snacks, Non-Extruded Snacks
4) By Flavor: Salty, Tangy, Spicy, Others
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