The Snack Food Global Market Report 2023 by The Business Research Company, provides snack food market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/snack-food-global-market-report

In accordance with The Business Research Company’s comprehensive Snack Food Global Market Report 2023, the market exhibited significant growth, expanding from $237.65 billion in 2022 to $256.5 billion in 2023, reflecting a notable compound annual growth rate (CAGR) of 7.9%. Notably, the Russia-Ukraine conflict has introduced a variable element to the global economic landscape, hindering short-term recovery from the COVID-19 pandemic. The ongoing geopolitical tensions have given rise to economic sanctions, increased commodity prices, and disruptions in the supply chain, contributing to inflation in various sectors worldwide.

Projections indicate that the global snack food market is poised for further expansion, with an anticipated market size of $333.12 billion by 2027, supported by a CAGR of 6.8%. Meanwhile, nations globally are grappling with declining crop prices due to surplus production capacity. This phenomenon is expected to translate into reduced raw material costs for food and beverage companies, fostering higher profit margins. Consequently, snack food manufacturers are well-positioned to enhance productivity, thereby driving sustained growth in the market.

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The snack food market is segmented:

1) Snack Food Market By Type: Extruded Snacks, Non-extruded Snacks

2) Snack Food Market By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

3) Snack Food Market By Flavour: Salty, Tangy, Spicy, Other Flavours

The snack food market report table of contents includes:

1. Executive Summary

2. Report Structure

3. Snack Food Market Characteristics

4. Snack Food Market Product Analysis

5. Snack Food Market Supply Chain

.......

20. Snack Food Market Competitive Landscape

21. Key Mergers And Acquisitions In The Snack Food Market

22. Market Background: Other Foods Products Market

23. Recommendations

24. Appendix

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