Market Research Future (MRFR) in a report on the roasted snacks market revealed that the forecast period is going to witness the market attaining significant CAGR to exceed the predicted market future. Snacks are an integral part of a proper diet plan, and it plays a crucial role in taking care of individuals with diabetes. It helps in checking the sugar level in the blood. Roasted snacks are also good for weight loss plans and the high disposable income of people across countries is providing the roasted snacks market with enough opportunity to widen its business operational zone. Factors impacting the market includes the availability of a wide-range of products, product innovation, and growing health-consciousness among the populace in both developed and developing regions.
MRFR, for an in-depth analysis of the Roasted snack Market Share, segmented it by source, claim, packaging material, and distribution channel. The report encloses a holistic view of the entire market during the forecast period.
Based on the source, the Roasted Snack Market includes nuts, roasted grain, cereals, and others. The nuts segment has the maximum market reach, and the demand for it is ever surging. The cereal segment is next in line to claim prominence.
Based on the claim, the Roasted Snack Market includes gluten-free, organic, vegan, and others. The gluten-free segment has the maximum market territory. However, consumer preference for organic products is creating substantial scope for this segment to expand.
On the basis of the packaging material, the Roasted Snack Market comprises paper, plastic, and others. The plastic segment is at the helm of the market with a paper segment in the second position.
As per the distribution channel, the Roasted snack Market Share consists store-based channel or non-store-based channel. The store-based channel is leading the market as it can provide customers with a one-stop experience.
MRFR, in their geographic analysis of the global Roasted Snack Market, includes namely North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). The report aims at providing a thorough analysis of the market both in terms of volume and value.
North America’s market share is by far the largest. The region has a lot of people belonging to the high-income group who are providing traction to the sale. In addition, product variety and presence of several market leaders are influencing the regional market considerably which is expected to last longer. The U.S. is the regional leader in terms of generating revenues. Both gluten-free and organic snacks are finding a substantial pull in the market owing to a rising health concern. At the same time, people are opting for this type of snacks to compensate for the lack of nutrients that they have in their dietary plans.
The APAC market is next in line, and it is enjoying the presence of a huge population in several countries. The country is also witnessing substantial growth in the disposable income which is tilting the balance more towards healthy snacks. The rapid urbanization has caused several lifestyle changes which often deters an individual from having the best possible nutrients. The snacking habit in India has made it the regional market leader, and it is getting followed by China.
Major players as profiled in the global Roasted snack Market Share report of MRFR are Jayone Foods, Inc. (U.S.), PepsiCo (U.S.), Don't Go Nuts (U.S.), Biena (U.S.), SunOpta Inc. (Canada), Godrej (India), Thanasi Foods LLC (U.S.), and others.
Boulder Canyon Authentic Foods has launched a new roasted jalapeno type under their Rice Bran Oil Kettle Cooked Potato Chips wing which has a rustic look to give it an earthier feel. These artisan and craft products, coupled with a roasted flavor, is also becoming popular as they evoke authenticity.
Fisher recently launched their line of Oven Roasted Never Fried snack nuts which has six variants with ingredients such as peanuts, almond, and cashew.
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