Europe Snacks Market is forecast to grow at 7.1% with factors such as rising demand for functional snacks in the market.
Snacks market has shown an exceptional penetration in Europe due to the increasing demand for ready-to-eat food products. Increasing demand for functional snacks is creating opportunity for the Europe snacks market.
Europe Snacks Market Scenario
According to Data Bridge Market Research, the market leader is PepsiCo which accounts for an estimated share of approximately 30% to 40% in the Europe snacks market.
- In August 2020, PepsiCo launched Cheetos Mac' n Cheese under the brand Cheetos in the U.S. It is available in 3 different flavors: Flaming' Hot, Cheesy Jalapeno, and Bold & Cheesy. The introduction of a new product will further help in increasing the consumer base.
Trends Impacting the Market
Now the question is which other regions PepsiCo, Mars, Incorporated, Mondelēz International., are targeting? Data Bridge Market Research has forecast a large growth in the Europe snacks market and the market leaders targeting U.K, Italy, and France to be their next revenue pockets for 2021.
Europe snacks market is becoming more competitive every year with companies such as PepsiCo, Mars, Incorporated, Mondelēz International as they are the market leaders for snacks. The data bridge market research new reports highlight the major growth factors and opportunities in the snacks market.
For more analysis on the snacks market: https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=europe-snacks-market
Europe Snacks Market Developments
- In November 2020, Mars, Incorporated launched a number of snacks products under the category Mars Wrigley. The snack products include Combos Cheddar Cheese Bacon. The new product will help the company to expand its cheese based snacks segment and increase its consumer base in this segment.
- In December 2021, McCain Foods accounted a partnership with strong roots which is a leading plant-based frozen food company. This partnership will help Strong Roots and McCain Foods to cater the rising consumer demand for healthy and natural food in the global market.
Scope of the Snacks Market
Europe snacks market is segmented on the basis of countries into the Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Denmark, Sweden, Poland, Netherlands and Rest of Europe.
All country-based analysis of snacks market is further analyzed based on further segmentation. On the basis of product type, Europe snacks market is segmented into (crisps/chips, nachos, pretzels, tortillas, biscuits/crackers, RTE popcorn, others (puffs, fries, curls, and crunchies). On the basis of product category, Europe snacks market is segmented into regular snacks and cheese based snacks. On the basis of flavour, Europe snacks market is segmented into regular/standard, single flavoured, and blended flavour. On the basis of nature, Europe snacks market is segmented into organic and conventional. On the basis of packaging size, Europe snacks market is segmented into < 10 Oz, 10 - 20 Oz, 21 - 30 Oz, and > 30 Oz). On the basis of price, Europe snacks market is segmented into regular and premium. On the basis of brand, Europe snacks market is segmented into branded and private label. On the basis of packaging, Europe snacks market is segmented into pouches, bags, cans, cardboard boxes, and others. On the basis of end user, Europe snacks market is segmented into retail/household and food service sector. On the basis of distribution channel, Europe snacks market is segmented into store based retailers and non-store retailers.
To know more about the study: https://www.databridgemarketresearch.com/reports/europe-snacks-market
Key Pointers Covered in Snacks Market Industry Trends and Forecast to 2029
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
Key Market Competitors Covered in the Report
- PepsiCo
- Parle Products Private Limited
- Kellogg’s Company
- General Mills
- Munchy Seeds
- Serious Pig
- Strong Roots
- Mondelez International
- Europe Snacks
- Amica Chips
- Mars, Incorporated
Above are the key players covered in the report, to know about more and exhaustive list of snacks companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=europe-snacks-market
Research Methodology: Europe Snacks Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Household and Grocery Stores
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others
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