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South America Sweet and Salty Snacks Market - Forecast(2024 - 2030)
South America Sweet
and Salty Snacks Market Overview:
In 2018, PepsiCo reported a quarterly revenue considerably
above its financial estimates and evaluated that its net revenue increased by 1.5% owing
to its highly propelled sales amongst the Latin American population. This
can be credited to the rise in food cravings and the desire for small indulgences
among the younger population. The hectic life, rotational
shifts at the workplace, and independent living style along with the shrinking size of
households have given rise to undefined food eating occasions. In the above-stated scenario, snacks such as tortilla chips, pretzels, popcorn, and
plantain chips have become a recurring indulgence as they are solicited as
stress busters and relieve people from boredom. Furthermore, augmented disposal income of the urban population, evolving food preferences, and the rising number of snack outlets
are fueling the growth of the snacks market. Additional aspects of snacks such
as varied flavors, easy availability, and low cost are propelling the growth of
the South America sweet and salty snacks market which earned a global market
revenue of $28 billion in 2018. The South America sweet and salty snacks
market size is projected to increase at a CAGR of 4.10% during the forecast period
of 2019-2025.
Supermarkets and hypermarkets are a prominent application segment of this market, with an estimated CAGR of 3.50% through to 2025. This is mainly due to the presence of supermarkets and hypermarkets both in urban and rural areas, close to residential and commercial communities and thereby facilitating the customers to buy the products on the go. Moreover, the supermarkets are adopting various trends such as the premiumization of private labels, becoming hyperlocal, delivering goods to the doorstep, offering more tailored and value-added lifestyle choices, to allure the customers by providing them a healthy shopping experience. Furthermore, supermarkets are usually consumer-friendly, more convenient, spacious hygienic, organized and well-maintained, and offer a wider range of items and brands for the consumers. These aforementioned aspects of supermarkets facilitated them to become a key application segment of the sweet and salty snacks market.
South America Sweet
and Salty Snacks Market Drivers:
· Low
Cost
Snacks are available
at a reasonably low cost as compared to other food products and are affordable
to people belonging to any class of society. The manufacturing process of the
packed snacks is very simple and almost everything is automated, consequently
resulting in affordable prices.
· Transforming
Food Habits
The working class
society is consistently low on time for themselves which results in unhealthy
habits due to disorderly lifestyles. Therefore, people are preferring more
number of short meals as compared to traditional culture of three meals per day
which has resulted in the growth of the sweet and salty snacks market.
· Sports
and Entertainment Venues
The increasing stress
conditions at workplaces has impelled people to spend more leisurely time
outside their offices. Owing to this factor, the demand for sport and
entertainment venues has considerably increased. These venues provide food
facilities that are mainly composed of snack products, eventually rising the
demand for snacks market.
· Advertising
Strategies and Appealing Packaging
In any market,
promotional and advertising activities play a prominent role in attracting
customers. The snacks producers have started promoting their product by
utilizing different strategies to attract customers especially children. They
often use colorful and attractive packing which is highly alluring to the
consumers.
South America Sweet
and Salty Snacks Market Key Players Perspective:
PepsiCo, which is one
of the key market player, acquired UK-based brand Pipers Crisps. This
acquisition is intended to meet the rising demand for sweet and salty snacks
market in the coming future.
Other prominent
players in the South America snacks market are Pepsi Co, Kellogg Company,
Importadora Cafe Do Brasil S.A, Kraft Foods, Grupo Arcor, Kari Alimento, Banks
DIH Ltd, Samai Snacks, Industrias Agricola S.R.L, and Productos Ramos SA.
South America Sweet
and Salty Snacks Market Trends –
v Foodservice
Digital Lab
In the recent times,
PepsiCo has launched a completely new service called the “Foodservice
Digital Lab.” This lab has enabled the customers and the staff to have an
extensive knowledge about the snacks products that they purchase and produce in
accordance with their taste preferences and health habits.
v Fruit
Snacks
Most of the snacks in
the present time include vegetable snacks such as potato, green bean, and
carrot chips. Owing to the ease of availability and uniformity of vegetable
snacks, the fruit snacks have made their way into supermarket shelves. The high
health benefits and varied flavors of fruit snacks is disrupting the sweet and
salty snacks market.
South America Sweet
and Salty Snacks Market Research Scope:
The base year of the
study is 2018, with forecast done up to 2025. The study presents a thorough
analysis of the competitive landscape, taking into account the market shares of
the leading companies. It also provides information on unit shipments. These
provide the key market participants with the necessary business intelligence and
help them understand the future of the South America sweet and salty snacks
market. The assessment includes the forecast, an overview of the competitive
structure, the market shares of the competitors, as well as the market trends,
market demands, market drivers, market challenges, and product analysis. The
market drivers and restraints have been assessed to fathom their impact over
the forecast period. This report further identifies the key opportunities for
growth while also detailing the key challenges and possible threats. The key
areas of focus include the types of segments in the South America sweet and
salty snacks market, and their specific applications in different areas.
South America Sweet
and Salty Snacks Market Report: Industry Coverage
The South America
sweet and salty snacks market can be segmented on the basis of type, and
distribution channel. Based on the type, the market can be fragmented into
chips, extruded snacks, nuts, pretzels, popcorn, and traditional snacks. By
distribution channel, the market can be bifurcated into
supermarkets/hypermarkets, convenience stores, specialty food stores, and
online.
The South America sweet and salty snacks market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Table 1: South America Sweet and Salty Snacks Market Overview 2023-2030
Table 2: South America Sweet and Salty Snacks Market Leader Analysis 2023-2024 (US$)
Table 3: South America Sweet and Salty Snacks Market Product Analysis 2023-2024 (US$)
Table 4: South America Sweet and Salty Snacks Market End User Analysis 2023-2024 (US$)
Table 5: South America Sweet and Salty Snacks Market Patent Analysis 2021-2023* (US$)
Table 6: South America Sweet and Salty Snacks Market Financial Analysis 2023-2024 (US$)
Table 7: South America Sweet and Salty Snacks Market Driver Analysis 2023-2024 (US$)
Table 8: South America Sweet and Salty Snacks Market Challenges Analysis 2023-2024 (US$)
Table 9: South America Sweet and Salty Snacks Market Constraint Analysis 2023-2024 (US$)
Table 10: South America Sweet and Salty Snacks Market Supplier Bargaining Power Analysis 2023-2024 (US$)
Table 11: South America Sweet and Salty Snacks Market Buyer Bargaining Power Analysis 2023-2024 (US$)
Table 12: South America Sweet and Salty Snacks Market Threat of Substitutes Analysis 2023-2024 (US$)
Table 13: South America Sweet and Salty Snacks Market Threat of New Entrants Analysis 2023-2024 (US$)
Table 14: South America Sweet and Salty Snacks Market Degree of Competition Analysis 2023-2024 (US$)
Table 15: South America Sweet and Salty Snacks Market Value Chain Analysis 2023-2024 (US$)
Table 16: South America Sweet and Salty Snacks Market Pricing Analysis 2023-2030 (US$)
Table 17: South America Sweet and Salty Snacks Market Opportunities Analysis 2023-2030 (US$)
Table 18: South America Sweet and Salty Snacks Market Product Life Cycle Analysis 2023-2030 (US$)
Table 19: South America Sweet and Salty Snacks Market Supplier Analysis 2023-2024 (US$)
Table 20: South America Sweet and Salty Snacks Market Distributor Analysis 2023-2024 (US$)
Table 21: South America Sweet and Salty Snacks Market Trend Analysis 2023-2024 (US$)
Table 22: South America Sweet and Salty Snacks Market Size 2023 (US$)
Table 23: South America Sweet and Salty Snacks Market Forecast Analysis 2023-2030 (US$)
Table 24: South America Sweet and Salty Snacks Market Sales Forecast Analysis 2023-2030 (Units)
Table 25: South America Sweet and Salty Snacks Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 26: South America Sweet and Salty Snacks Market By Type, Revenue & Volume, By Chips, 2023-2030 ($)
Table 27: South America Sweet and Salty Snacks Market By Type, Revenue & Volume, By Extruded Snacks, 2023-2030 ($)
Table 28: South America Sweet and Salty Snacks Market By Type, Revenue & Volume, By Pretzels, 2023-2030 ($)
Table 29: South America Sweet and Salty Snacks Market By Type, Revenue & Volume, By Popcorn, 2023-2030 ($)
Table 30: South America Sweet and Salty Snacks Market By Type, Revenue & Volume, By Nuts, 2023-2030 ($)
Table 31: South america South America Sweet and Salty Snacks Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 32: Top Companies 2023 (US$)South America Sweet and Salty Snacks Market, Revenue & Volume
Table 33: Product Launch 2023-2024South America Sweet and Salty Snacks Market, Revenue & Volume
Table 34: Mergers & Acquistions 2023-2024South America Sweet and Salty Snacks Market, Revenue & Volume
List of Figures
Figure 1: Overview of South America Sweet and Salty Snacks Market 2023-2030
Figure 2: Market Share Analysis for South America Sweet and Salty Snacks Market 2023 (US$)
Figure 3: Product Comparison in South America Sweet and Salty Snacks Market 2023-2024 (US$)
Figure 4: End User Profile for South America Sweet and Salty Snacks Market 2023-2024 (US$)
Figure 5: Patent Application and Grant in South America Sweet and Salty Snacks Market 2021-2023* (US$)
Figure 6: Top 5 Companies Financial Analysis in South America Sweet and Salty Snacks Market 2023-2024 (US$)
Figure 7: Market Entry Strategy in South America Sweet and Salty Snacks Market 2023-2024
Figure 8: Ecosystem Analysis in South America Sweet and Salty Snacks Market 2023
Figure 9: Average Selling Price in South America Sweet and Salty Snacks Market 2023-2030
Figure 10: Top Opportunites in South America Sweet and Salty Snacks Market 2023-2024
Figure 11: Market Life Cycle Analysis in South America Sweet and Salty Snacks Market
Figure 12: GlobalBy TypeSouth America Sweet and Salty Snacks Market Revenue, 2023-2030 ($)
Figure 13: Global South America Sweet and Salty Snacks Market - By Geography
Figure 14: Global South America Sweet and Salty Snacks Market Value & Volume, By Geography, 2023-2030 ($)
Figure 15: Global South America Sweet and Salty Snacks Market CAGR, By Geography, 2023-2030 (%)
Figure 16: Entropy Share, By Strategies, 2023-2024* (%)South America Sweet and Salty Snacks Market
Figure 17: Developments, 2023-2024*South America Sweet and Salty Snacks Market
Figure 18: Company 1 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 19: Company 1 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 20: Company 1 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 21: Company 2 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 22: Company 2 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 23: Company 2 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 24: Company 3 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 25: Company 3 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 26: Company 3 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 27: Company 4 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 28: Company 4 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 29: Company 4 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 30: Company 5 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 31: Company 5 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 32: Company 5 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 33: Company 6 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 34: Company 6 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 35: Company 6 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 36: Company 7 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 37: Company 7 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 38: Company 7 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 39: Company 8 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 40: Company 8 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 41: Company 8 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 42: Company 9 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 43: Company 9 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 44: Company 9 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 45: Company 10 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 46: Company 10 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 47: Company 10 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 48: Company 11 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 49: Company 11 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 50: Company 11 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 51: Company 12 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 52: Company 12 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 53: Company 12 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 54: Company 13 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 55: Company 13 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 56: Company 13 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 57: Company 14 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 58: Company 14 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 59: Company 14 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)
Figure 60: Company 15 South America Sweet and Salty Snacks Market Net Revenue, By Years, 2023-2024* ($)
Figure 61: Company 15 South America Sweet and Salty Snacks Market Net Revenue Share, By Business segments, 2023 (%)
Figure 62: Company 15 South America Sweet and Salty Snacks Market Net Sales Share, By Geography, 2023 (%)