Roasted Snacks Market Size was valued at USD 5.2 Billion in 2022. The Roasted Snacks market industry is projected to grow from USD 5.5 Billion in 2023 to USD 407.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.46% during the forecast period (2023 - 2032). Health and wellness trends, growing preference for convenient and on-the-go snacks, shift towards mindful snacking, increasing demand for natural and clean-label products, diverse flavor profiles and product innovations, increased availability and distribution channels, sustainable and eco-friendly packaging, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The growing preference for convenient and on-the-go snacks has significantly contributed to the growth of the roasted snacks market. In today's fast-paced world, consumers are constantly seeking convenient food options that can be easily consumed while on the move or during busy schedules. This shift in consumer behavior has created a substantial demand for snacks that offer both convenience and nutrition, making roasted snacks an ideal choice. One of the key drivers behind the popularity of roasted snacks as on-the-go options is their ready-to-eat nature. Unlike traditional fried snacks that require cooking or additional preparation, roasted snacks are pre-cooked and packaged, ready to be consumed straight out of the bag. This eliminates the need for any cooking equipment or utensils, making them extremely convenient for consumers who are constantly on the move or do not have access to a kitchen.
The portability factor of roasted snacks further enhances their appeal. They come in compact, resealable packaging that can easily fit into bags, backpacks, or pockets. This makes them convenient to carry around during work commutes, travel, outdoor activities, or simply as a quick snack option throughout the day. The ability to have a wholesome and satisfying snack readily available at any time and place has resonated with busy individuals who value convenience and efficiency. Additionally, the demand for on-the-go snacks is also driven by the changing lifestyles and eating habits of consumers. With hectic schedules and increased workloads, people often find themselves with limited time for sit-down meals. As a result, snacking has become a common way to sustain energy levels and satisfy hunger cravings between meals. Roasted snacks provide a convenient solution to meet these snacking needs, offering a quick and easily accessible source of nutrition.
Another aspect that makes roasted snacks appealing as on-the-go options is their longer shelf life compared to fresh food items. The roasting process helps to extend the shelf life of the snacks by reducing moisture content and inhibiting the growth of bacteria or mold. This longer shelf life enables consumers to stock up on roasted snacks and have them readily available for extended periods, eliminating the worry of spoilage or the need for frequent grocery trips. Furthermore, roasted snacks align with the growing trend of mindful snacking and healthier eating habits. Consumers are increasingly seeking snacks that not only provide convenience but also offer nutritional benefits. Roasted snacks, such as roasted nuts, seeds, and legumes, are often perceived as healthier alternatives to fried or processed snacks. They are typically lower in fat and calories, while still providing essential nutrients like protein, fiber, and vitamins. This combination of convenience and healthfulness makes roasted snacks an attractive option for individuals looking to make better snacking choices. Thus, driving the Roasted Snacks market revenue.
The Roasted Snacks market segmentation, based on source includes fruits & vegetables, grains & pulses and others. The grains & pulses segment dominated the market, accounting for 57.23% of market revenue. The roasted snacks made from various grains and pulses are included in the grains & pulses subsegment. These snacks frequently entail roasting or toasting pulses like lentils, peas or beans as well as grains like corn, rice, quinoa or wheat.
The Roasted Snacks market segmentation, based on category, includes organic and conventional. The conventional segment dominated the market, accounting for 62.24% of market revenue. These snacks might be made using normally farmed cereals, legumes, fruits, vegetables, or other ingredients. Traditional roasted snacks are frequently easier to find and may provide a wider selection of product choices.
The Roasted Snacks market segmentation, based on distribution channel includes store-based (supermarkets & hypermarkets, convenience stores and others) and non-store based. The store-based segment dominated the market, accounting for 67.14% of market revenue. Customers may browse and buy roasted snacks conveniently in-store thanks to store-based distribution. It permits product sampling, offers fast access to a wide selection of goods, and creates a tactile shopping experience.
Figure 1: Roasted Snacks Market, by Distribution channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Roasted Snacks Market dominated this market in 2022 (45.80%). APAC includes major nations like China and India and is home to a sizeable share of the world's population. Moreover, China’s Roasted Snacks market held the largest market share, and the Indian Roasted Snacks market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ROASTED SNACKS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Roasted Snacks market accounts for the second-largest market share. In recent years, healthier snacking options have become more popular among European consumers. A rising number of people are becoming aware of the benefits of balanced diets and the drawbacks of snacking on unhealthy foods. Further, the German Roasted Snacks market held the largest market share, and the UK Roasted Snacks market was the fastest growing market in the European region
The North America Roasted Snacks Market is expected to grow at the fastest CAGR from 2023 to 2032. The demand for roasted snacks in North America has been significantly influenced by the growing awareness of and emphasis on health and wellbeing. Further, the U.S. Roasted Snacks market held the largest market share, and the Canada Armor Materials market was the fastest growing market in the North America region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Roasted Snacks market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Roasted Snacks industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Roasted Snacks industry to benefit clients and increase the market sector. In recent years, the Roasted Snacks industry has offered some of the most significant advantages to medicine. Major players in the Roasted Snacks market, including Biena Snacks (US), ITC Limited (India), Jayone Foods Inc. (US), SunOpta Inc. (Canada), Godrej (India), PepsiCo (US), General Mills Inc. (US), Nestlé S.A. (Switzerland), Thanasi Foods LLC (US), Mondelēz International Inc. (US), B&G Foods Inc. (US), The Kellogg Company (US), B&G Foods Inc. (US), Diamond Foods LLC (US), Conagra Brands (US), The American Pop Corn Company (US)., and others, are attempting to increase market demand by investing in research and development operations.
Biena Snacks is a US-based company operating in the roasted snacks market. Biena Snacks, which specialises in creating savoury and nutritious snacks, provides a variety of roasted snack products to meet the changing tastes of health-conscious consumers. The business is renowned for its creative approach to snack creation, putting an emphasis on the use of premium ingredients and distinctive flavour combinations. The product line offered by Biena Snacks includes roasted chickpeas in both savoury and sweet varieties. Protein, fibre, and important minerals are all present in the nutrient-rich legume known as chickpeas. By enhancing the chickpeas' inherent flavour and texture by roasting, the firm produces a delicious and crispy snack choice. Biena Snacks appeals to people looking for healthier substitutes to conventional snacks because of its dedication to offering snacks devoid of artificial additives. They frequently provide gluten-free, non-GMO, and dietary preference-friendly goods.
ITC Limited is a leading Indian conglomerate with a diversified presence across various industries, including the roasted snacks market. ITC provides a variety of roasted snacks under its well-known brand names, including Bingo! And Yumitos, in the snacking market. These roasted snacks are renowned for their high standards of quality, flavour, and diversity and cater to the changing customer tastes in India. Products like roasted nuts, roasted puffed snacks, and roasted namkeens (Indian savoury snacks) are all part of ITC's portfolio of roasted snacks. To ensure that the snacks maintain their crunchiness and flavours, the company places a strong emphasis on using premium ingredients and cutting-edge processing methods.ITC has effectively developed its roasted snacks in both urban and rural markets across India because to its strong distribution network and market presence. In order to make its products easily accessible to consumers, the company takes advantage of its broad reach through a variety of distribution channels, including retail outlets, supermarkets, and online marketplaces.
Roasted Snacks Industry Developments
February 2023: The Frito-Lay snack factory in Casa Grande, Arizona, will be expanded, according to plans released by PepsiCo. The project is anticipated to provide $100 million in capital investment and 200 new jobs.
March 2023: Rome, Georgia will become the site of a new production facility, according to Snyder's-Lance, Inc. The plant is anticipated to produce $100 million in capital investment and 200 new jobs.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 5.2 Billion |
| Market Size 2023 | USD 5.5 Billion |
| Market Size 2032 | USD 407.9 Billion |
| Compound Annual Growth Rate (CAGR) | 6.46% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Source, Category, Distribution Channel,, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Biena Snacks (US), ITC Limited (India), Jayone Foods Inc. (US), SunOpta Inc. (Canada), Godrej (India), PepsiCo (US), General Mills Inc. (US), Nestlé S.A. (Switzerland), Thanasi Foods LLC (US), Mondelēz International Inc. (US), B&G Foods Inc. (US), The Kellogg Company (US), B&G Foods Inc. (US), Diamond Foods LLC (US), Conagra Brands (US), The American Pop Corn Company (US). |
| Key Market Opportunities | Trends in health and wellness, product innovation and diversification, and market expansion |
| Key Market Dynamics | Consumer Preferences Are Changing, and Snacking Culture Is Growing |
roasted snack Market Highlights:
Frequently Asked Questions (FAQ) :
The Roasted Snacks market size was valued at USD 5.2 Billion in 2022.
The market is projected to grow at a CAGR of 6.46% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Biena Snacks (US), ITC Limited (India), Jayone Foods Inc. (US), SunOpta Inc. (Canada), Godrej (India), PepsiCo (US), General Mills Inc. (US), Nestlé S.A. (Switzerland), Thanasi Foods LLC (US), MondelÄ“z International Inc. (US), B&G Foods Inc. (US), The Kellogg Company (US), B&G Foods Inc. (US), Diamond Foods LLC (US), Conagra Brands (US), The American Pop Corn Company (US)..
The Grains & Pulses category dominated the market in 2022.
The Conventional had the largest share in the market.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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