Roasted Snacks Market Research Report - Global Forecast till 2027

Roasted Snacks Market Research Report: Information by Source (Fruits & Vegetables, Grains & Pulses and others), Category (Organic and Conventional), Distribution Channel [Store-Based (Supermarkets & Hypermarkets, Convenience Stores and Others) and Non-Store Based] and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/F-B & N/1193-HCR | 110 Pages | Published By Tejas Chaudhary on April 2023         

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Roasted Snacks Market

Roasted Snacks Market is expected to grow at a 6.46% CAGR and reach USD 8.34 Billion by 2027

Segmentation
By Product Grains and pulses Fruits and vegetable
By Category Organic Conventional
By Distribution Channel Non-store based Store-based
Key Players
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)
Drivers
Market Driving Forces   Rising demand for healthy snacks    Rising awareness about roasted snacks
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Roasted snack Market overview


Roasted snacks market is projected to register a CAGR of 6.46% and reach a value of USD 8.34 billion by 2030. Today, the demand for roasted snacks is high as they are healthy. It is a low-calorie snack that has less oil. The regular snacks are food items that have high cholesterol they are fried in general. These fried snacks can lead to obesity. According to disease control research, the obesity rate in many countries is growing. The US is surpassing the average obesity rate. Most of the adults in the country are obese. Due to the unhealthy snacks, the obesity rate is surging in this market.


However, all these factors create a positive impact on the roasted snack market. The rising concern of obesity may improve the growth and supply of this market. Further, today, quick and convenient food items have more preference among consumers. Due to these factors, regular or unhealthy snack packages have high demand. However, the roasted snacks also offer a convenient snacking experience.


 These are factoring in the rising supply of this market. The roasted grains and pulses are having the highest demand among consumers. The expansion of this market is leading to increased growth. Further, the organic roasted snacks segments are another crucial segment holding high market shares. All these are factors that are having an immense impact on Roasted snack Market Value.


Covid analysis


The outbreak of covid 19 is impacting many global markets. Since this pandemic, the demand for the roasted snack market is declining. Panic buying is the ongoing consumer trend in the market. The production a supply rate of the market is also facing a few challenges in this period. However, 2019 is the year that has retail sales in history. There are processed and ready to eat foods have high demand since 2019. People are stocking up on food items that are having a high shelf life. It is raising the demand for roasted snacks and food items.


In the upcoming years, the demand and supply rates of the market are expected to immensely. Health awareness among the consumer will open up new demand for consumers. Roasted snacks are made with grains and pulses. These pulses and grains are rich in protein. These factors will enhance preference for these snacks items. Also, the production of the market is growing rapidly. All these are factors that will have a positive Roasted snack Market Outlook.


Market dynamics


Crucial market drivers


The rising demand for healthy snacks is a crucial driver of the market. The functional food items have high awareness among the consumers. They are healthy and protein-rich. Energy is high in roasted food items and calories are less. It is a suitable snack item for individuals who are health conscious. Today, most of the population prefers healthy snacks that help them to maintain weight. The grain, pulses in roasted snacks comes with all these benefits.


Due to these factors, the supply of this market is surging. Furthermore, individuals leading unhealthy lifestyles have a high demand for roasted snacks. People who work for many hours and eat unhealthy snacks can experience many health issues. Consuming roasted snacks can have a positive impact on lifestyle.


Micronutrients, fibre and organic roasted snacks are having exceptional demand among key players. The rising awareness about roasted snacks is another crucial driver of the market. The roasted snacks have high significance among consumers. The market is engraining in many promotional programs that raise overall awareness. These are factors that will create high profitability in the roasted snacks market.


The market growth opportunities


Rising disposable income is will create Roasted snack Market Growth opportunities. In many regions, the per capita income of individuals is rising. The spending of customers will increase in roasted snack markets. With high income, the purchase of customers on these roasted grains will rise. All these factors will raise overall supply rates in upcoming years.


Furthermore, changing the lifestyle of customers will bring new developments in the market. Today, many individuals are interested in fitness. Many countries encourage a fit and healthy lifestyle. It is a crucial factor that can boost the growth of this market in the forecast period. With the shift to a healthy lifestyle preference for roasted snacks can rise. This will open new growth opportunities for the market in the forecast period.


Furthermore, the demand from developing regions is another factor that improves the demand of this market. Developing regions such as the Asia Pacific are increasing their investments in roasted snacks. The production of grains and pulses are high in this market. Due to the availability of raw materials, the expansion of this market is higher. All these are growth opportunities that will contribute to profitability.


The market restraints


The complexities in the market can restrain the overall growth of this market. The roasted snacks are known for their crispy texture and oil-free nature. The crispiness of these snacks is one of the important factors. However, the removal of moisture, sugar or salt can affect the texture of the product.


Attaining the desired texture is a problem in this market. Stabilization, emulsification and production have various complexities. These complexities of the market can also increase the cost. These are challenges that can affect the production rate in this market.


The market challenges


The high price of roasted snacks is a challenge for the market. The roasted snacks include a variety of nuts and grains. These items are already expensive. Processing, roasting and coating it with the best seasoning happens during the production. Due to their quality and texture, the price can be high.


The high cost of these grains may be a challenge in the market. Demand and supply of the product are affected due to these reasons. Also, high costs can affect the adoption rate of the market in developing nations. The less expensive products have high demand in these regions. In upcoming years, the price can be a challenge that can hamper growth.


Cumulative growth analysis


The Roasted snack Market Analysis shows a positive growth trend for the market. Few growth factors in the market raise overall demand. Rising consumer awareness about healthy snacks is a demand driving factor. Further, the need for protein-rich and micronutrients snacks is driving market demand.


The grains and pulses segment of the market is witnessing the highest supply among end-users. There are restraints in the market such as complexities in production. Also, the challenge of the market is the high cost of roasted snacks. However, future developments in the market are dependent on rising disposable income.


Value chain analysis


North America is a region that will hold the highest Roasted snack Market Share. The demand for roasted snacks is higher in this market. The production of roasted snacks is more. The countries such as US and Canada are key investors in the market.


In the forecast period, this region will witness new developments. There is more scope for roasted snacks in this market. Spending on these snacks is high from the user end. Also, there is fewer cost barriers in this market that rises in overall spending on this product. The rising demand for healthy snacks will create developments in this market.


Segment overview


Roasted snack Market by product



  • Grains and pulses

  • Fruits and vegetable


Roasted snack Market by category



  • Organic

  • Conventional


Roasted snack Market by distribution channel



  • Non-store based

  • Store-based


Roasted snack Market by geography


North America



  • US

  • Canada


Europe



  • Germany

  • France

  • Italy

  • the UK

  • France


Asia pacific



  • China

  • India

  • Australia

  • Singapore

  • Middle East Africa

  • Latin America


Competitive landscape


The competition in the roasted snack market is growing. There are many developments in the competitive landscape. New product launches can happen in the upcoming years. Also, expansion, acquisitions, mergers and collaborations are part of the competitive landscape.


Regional analysis


The Roasted snack Market Size is growing due to the performance of three regional players. There is North America, Europe and Asia Pacific regional player in the market. North America holds the highest shares of the product. The surging demand is due to customer inclination toward healthy foods. In upcoming years, new product developments will further grow this market. Surging spending will create positive changes.


Europe is the next largest market with high demand for roasted snacks. UK and Germany have the largest production facilities for roasted snacks. The growth of this market is exceptional in Europe. The Asia Pacific is a region with the fastest growth of roasted snacks. Grains and pulses snacks are gaining more significance. The preference of customers for protein-rich and nutrients rich food items will boost demand.


The key players in the roasted snack 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)

  • 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)


Report overview



  • Market overview highlights

  • Analysis based upon COVID 19

  • Explanation of the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 8.34 Billion
  CAGR   6.46%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Source, Category, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), and The American Pop Corn Company (US)
  Key Market Opportunities   Rising disposable income, Changing the lifestyle of customers, The availability of raw materials
  Key Market Drivers   Rising demand for healthy snacks, Rising awareness about roasted snacks


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Frequently Asked Questions (FAQ) :

The study period of the global roasted snacks market is 2020-2027.

North America is a crucial regional player with high demand and shares.

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), and The American Pop Corn Company (US) are the major companies operating in the global roasted snacks market.

The growth of the roasted snacks market is 6.46%.