Ready To Eat Snacks Market - Forecast(2020 - 2025)

Report Code: FBR 0197 Report Format: PDF + Excel (Delivery in 48 Hrs)
Ready To Eat Snacks Market Overview
Ready To Eat Snacks Market size is forecast to reach 184bn by 2025, growing at a CAGR of 8.64% during the forecast period 2020-2025. Changing eating habits and increasing demand for evening snacks are the major factors driving the growth of the market. Changing lifestyle with the influence of western food habits is set to further enhance the overall market demand for ready to eat snacks during the forecast period 2020-2025.

Report Coverage
The report: “Ready To Eat Snacks Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Ready To Eat Snacks Market. 

By Product: Potato, Corn, Meat, Rice, Tapioca, and Mixed Grain
By Distribution Channel: Supermarket/Hypermarket, Convenience Store, Speciality Store, Online Retail Store, and Others
By Geography: North America, Europe, Asia Pacific and Rest of the World (RoW)

Key Takeaways
  • North America dominates the Ready To Eat Snacks Market owing to the changing lifestyles and changing food habits of consumers. The Ready to Eat Snacks Market scope for different regions will be provided in the final report.
  • Growing urbanization and advancement in areas of packaging technology is likely to aid in the market growth of Ready to Eat Snacks Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Ready to Eat Snacks Market report.
  • Consumers are recognizing the benefits of home-cooked snacks and increasing health awareness is set to create hurdles for the Ready to Eat Snacks Market.

Product - Segment Analysis
The Potato segment held the largest share in the Ready to Eat Snacks Market in 2019 and is estimated to grow at a CAGR of 6.4% during the forecast period 2020-2025. French fries are made from potatoes that are served hot. French fries replace other popular potato-based snacks. They are easily sharable and dippable in ketchup or other condiments and is emerging as an alternative to current serious snacking for kids at home, replacing chips and noodles. Corn snacks are made from maize which is often marketed, packaged, and flavored in similar ways to potato crisps and it comes in puffed and crunchy varieties. Tapioca chips are a snack food made from thin wafers of deep-fried cassava root. It is High in carbohydrates, it is crunchy and flavorful snack food, and the chips are crunchier compared to banana chips and potato chips. Common variants include the non-spicy and spicy (red chili pepper powder and other spices added). Potato is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025 owing to prevent high blood pressure and bloating. 

Distribution Channel - Segment Analysis
Hypermarket/ Supermarket held the largest share in the Ready to Eat Snacks Market in 2019 and is estimated to grow at a CAGR of 5.45% during the forecast period 2020-2025. The wide range of varieties offered and the advantage of real-time comparison among brands for consumers are the prime reasons for the success of hypermarkets and supermarkets for this market. These formats not only support the on-the-go snacking trend but also support impulse purchases. Supermarket segment is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025 owing to the innovation in product offerings, sustainable packaging, and promotional strategies.

Geography - Segment Analysis
North America dominated the Ready to Eat Snacks Market in 2019 with a share of more than 38%, followed by the Asia Pacific owing to the growing urbanization and increasing preference for convenience food. Increased willingness to spend on ready to eat food owing to the lack of time to cook at home and advancement in areas of packaging technology is increasing the growth of the ready to eat snacks market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the rising disposable income and changing lifestyles with the influence of western food habits. Increasing preference for ready to eat snacks by the working population and students with the development in the food and beverage industry is increasing the growth of the ready to eat snacks market in this region.

Drivers – Ready to Eat Snacks Market  
  • Changing lifestyles and changing food habits of consumers
Changing lifestyles and changing food habits of consumers is increasing the growth of the ready to eat snacks market. Ready to eat snacks provide energy in the middle of the day and enhance mental alertness. Ready to eat foods are a gaggle of food products that are pre-cleaned, precooked, mostly packaged, and prepared for consumption without prior preparation or cooking. Ready to Eat starchy foods are invariably made from decorticated flour or meal. The type of flour is to a large extent immaterial as it is the starch that is the most important constituent. The nutrient composition of the ready to eat foods is often restricted to essentially starch and relatively low-quality protein. The rising hectic lifestyle of consumers has escalated the demand for ready to eat food products. Thus, increasing the growth of the ready to eat snacks market during the forecast period 2020-2025 owing to the increasing working population and students.

  • Growing urbanization and advancement in areas of packaging technology
Growing urbanization and advancements in areas of packaging technology are increasing the growth of the ready to eat snacks market. Urbanization helps in increasing the disposable income, which increases the food expenditure of the final consumer. Young consumers are the easiest targets for ready-to-eat food manufacturing giants as young consumers spend most of their income on convenient ready to eat food products. Changing food consumption behaviour among consumers, increased willingness to spend on such food and the lack of time to cook at home are a result of rapid urbanization. Innovative products in functional ingredients, convenience, and organic foods and advancement in areas of packaging technology are expected to supply a future growth opportunity within the sector. Thus, increasing the growth of the ready to eat snacks market during the forecast period 2020-2025.

Challenges – Ready to Eat Snacks Market
  • Consumers are recognizing the benefits of home-cooked snacks and increasing health awareness
Some of the factors that may impede the growth of the Ready to Eat Snacks Market are Consumers are recognizing the benefits of home-cooked snacks and increasing health awareness 

Ready to Eat Snacks Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Ready to Eat Snacks Market. In 2019, the Ready to Eat Snacks Market share is consolidated by the top ten players present in the market. Ready To Eat Snacks, the top 10 companies are Calbee Inc., Nestle SA, Ferrero S.P.A., ConAgra Foods Inc., Premier Foods, and Nomad Foods among others.

Acquisitions/Product Launches
  • In April 2018, Nomad Foods acquired Goodfella’s Pizza for €280 million.
  • In June 2018, ConAgra Foods Inc. acquired Pinnacle Foods for about $ 8.1 million.


1. Ready To Eat Snacks Market - Overview
    1.1 Definitions and Scope
2. Ready To Eat Snacks Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Distribution Channel
    2.4 Key trends by Geography
3. Ready To Eat Snacks Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Ready To Eat Snacks Market - Startup Companies Scenario (Premium)
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Ready To Eat Snacks Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Ready to Eat Snacks Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Ready To Eat Snacks Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Ready To Eat Snacks Market  – By Product (Market Size –$Million/$Billion)
    8.1 Potato
    8.2 Corn
    8.3 Meat
    8.4 Rice
    8.5 Tapioca
    8.6 Mixed Grain
    8.7 Others
9. Ready To Eat Snacks Market  – By Distribution Channel (Market Size –$Million/$Billion)
    9.1 Supermarket / Hypermarket
    9.2 Convenience Store
    9.3 Specialty Store
    9.4 Online Retail Store
    9.5 Others
10. Ready To Eat Snacks Market - By Geography 
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia
        10.3.6 New Zealand
        10.3.7 Rest of APAC
        10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Ready To Eat Snacks Market - Entropy
12. Ready To Eat Snacks Market – Industry/Segment Competition Landscape   (Premium) 
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Ready To Eat Snacks Market – Key Company List by Country Premium (Premium)
14. Ready To Eat Snacks Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
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