On the back of ongoing modernization, subsequent busy schedules, and chaotic professional lives of the general population, the traditional way of having three meals a day has been subsiding. Hectic lifestyles has made people incline towards preferring snacks such as tortilla chips, pretzels, popcorn, and plantain chips. Snacking has become a prominent part of the food culture across Americas. Additionally, increasing population and rising disposal incomes are some of the other drivers that are opening up avenues for the South America sweet and salty snacks market, as per the recent business publication by IndustryARC. The report has evaluated the South America sweet and salty snacks market size at $28 billion as of 2018. Furthermore, the market potential is expected to grow at a CAGR of 4.10% during the forecast period of 2019 to 2025.
The report is titled “South America Sweet and Salty Snacks Market: By Type (Chips, Extruded Snacks, Nuts, Pretzels, Popcorn, Traditional snacks); By Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Specialty food stores, Online) - Forecast (2019-2025).” It gives a comprehensive study and presentation of the key aspects of the market including market drivers, market value chain, restraints, growth indicators, market trends, challenges, future outlook, and market insights.
South America Sweet and Salty Snacks Market: Leading Segments
The South America sweet and salty snacks market is segmented on the basis of distribution channel into supermarkets/hypermarkets, convenience stores, specialty food stores, and online. Supermarkets have a wide range of snacks to choose from, displayed on the aisle racks with various discount rates. The discount chains along with fresh produce are driving the growth of supermarkets. Technological advancements such as shopping cart mounted devices or smartphone apps will help shoppers by steering the towards aisles and shelves where they are more likely to make a purchase and sensors in the stores keep the track of items customers keep in the carts and bill the amount as they exit the store. These aforementioned factors benefited the growth in this segment. As a result, the prominent application segment, supermarkets/hypermarkets is anticipated to rise with a CAGR of 3.50% through to 2025.
South America Sweet and Salty Snacks Market Disruptive Trends:
Popped snacks are emerging as one of the most preferred choice of snacks due to its low-calories, high proteins, and low-fat ingredients. Popped snacks are heated under high pressure until they pop without any further necessity of frying and backing, hence giving a sense of healthier snack option.
Organic sweet and salty snacks is another new trend that is disrupting the market, pertaining to the health benefits associated with it. They have more beneficial nutrients and fewer pesticides. Dried vegetable snacks mixed with herbs and spices have become a popular snack amongst the millennial population.
South America Sweet and Salty Snacks Market: Competitive Landscape
The key players in South America sweet and salty snacks market with major share are Pepsi Co., Importadora Cafe Do Brasil S.A, Kellogg Company, Kraft Foods, Kari Kari Alimento, Grupo Arcor, Samai Snacks, Banks DIH Ltd, Industrias Agricola S.R.L, and Productos Ramos SA.
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What can you expect from the report?
The South America sweet and salty snacks market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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