snacks market

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• Snacks Market Is Predicted To Reach Valuation Of
  US 835.8 Billion By The End Of 2033
• Snack market size are expected to reach an
  approximate market valuation of US 835.8 billion
  by the end of 2033 from their current global
  revenue of US 507.2 billion in 2023. The
  worldwide snack market is anticipated to grow at
  a 5.1 CAGR over the following ten years.
• Over the next several years, it is anticipated
  that the shipping of snacks will be significantly
  influenced by the growing global population and
  the rising demand for packaged and convenient
  foods. Other factors that could change snack
  food consumption trends through 2033 include
  shifting consumer preferences, an emphasis on
  healthy eating, an increase in demand for foods
  created with organic and natural ingredients,
  high per capita disposable income, and
  globalization.
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• Competitive Landscape
• Prime snack providers are focusing on mergers,
  acquisitions, and collaborations to expand their
  business scope across various regions and gain a
  competitive advantage over other companies.
• In December 2022, Agthia, a UAE-based food and
  beverages group announced that it had completed
  the acquisition of a 60 stake in Abu Auf, a
  company specializing in the manufacture of
  healthy snacks and coffee products in Egypt. Abu
  Auf founders retained a stake of 30 and the
  outstanding 10 stake is held by Tanmiya Capital.
• In August 2022, mondelez international Inc., an
  American food and beverage company announced the
  completion of its acquisition of Clif Bar
  Company, a leading provider of energy bars with
  organic ingredients in the United States. This
  acquisition took Mondel?z Internationals snack
  business valuation beyond the US 1 billion mark.
• Key Players
• Britannia Industries Limited

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• Regional Analysis
• There is a significant demand for low-calorie
  foods and healthy snacks as a result of the
  increased attention on health caused by the
  rising frequency of chronic diseases. A fresh
  demand for healthy snacks has been created by
  the popularity of veganism and plant-based diets
  in numerous European nations, which is
  encouraging snack manufacturers to introduce
  novel and creative foods.
• Many Asian nations, including India, Korea,
  Japan, and China, have seen an increase in
  globalization and the influence of Western
  culture. Over the next 10 years, dietary habits
  are expected to change, per capita disposable
  income will rise, convenience food consumption
  will increase, and the number of working women
  will increase. These and other factors will
  affect the shipping of snack foods to Japan,
  Korea, and other Asian nations. Nearly all Asian
  nations are expected to enjoy rice cakes and pork
  rinds as appetizers.
• Key Segments of Industry
• By Product Type
• Nuts Seeds
• Cookies Biscuits
• Meat Snacks
• Cereal Bars
• Salty Snacks
• Other Snacks

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