Snacks are small amount of food consumed between regular meals. Snacks can be either packaged or homemade. Due to the changing lifestyles and wide availability of packaged foods, the preference for homemade snacks has been in decline across the world. Processed snacks are available in various forms, size, shapes, flavors which together represents the visual appearance and taste profile of the snacks. Apart from pricing, manufacturers try to differentiate their products based on these parameters.
South America is the fastest growing regional market for snacks mainly due to rising consumption of packaged foods and increasing disposable income. This market is characterized by regular product launch, high brand awareness among consumers and strong hold of international brands on the industry trends. Due to the heightening awareness on organic foods the market is estimated to witness more natural snack products with high nutritional value as compared to traditional snack products. Furthermore, the growing concern on high consumption of salt and sugar will lead to the launch of snack products with low-salt, low-fat and products laced with natural ingredients.
The report analyzes the market based on type of snack namely: Chips, Extruded Snacks, Nuts, Popcorn, Traditional snacks, others. The report provides detailed analysis on distribution landscape and potential of various distribution channels such as Supermarkets/Hypermarkets, Convenience stores, specialty food stores and online retail. Country specific trends and market dynamics are also covered in the report.
Sample Companies profiled in this Report are:
- Pepsi Co.
- Grupo Arcor
- Importadora Cafe Do Brasil S.A.,