Global Snack Food Market Study: An Emerging Hint of Opportunity | ConAgra Foods Inc., Ferrero S.p.A., General Mills Inc., Nestle, The Kraft Heinz Company

The Global Snack Food Market is currently valued to be around US$ 500 billion industry and is expected to grow at an approx. CAGR of 5.6% in the forecast period 2021-2027.

The global snack food market has huge potential to grow in the upcoming years with a substantial growth rate. The market growth is supported by various factors such as lifestyle changes, increasing health concerns convenience stores like e-tail and retail stores and rapid urbanization. The snack food market is mildly affected by the Coronavirus outbreak and currently is in highly expansion mode. The disrupted supply chain due to the pandemic has impacted the manufacturing and supplying of Snack food. Covid-19 has forced people to make many lifestyle changes. With changing lifestyles, consumers find snack foods as a more convenient way to get a nutrition rich diet.

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