The global Kid Snacks Market garnered a market value of USD 61870.9 million in 2023 and is expected to accumulate a market value of USD 131706.7 million by registering a CAGR of 7.8% in the forecast period 2023 to 2033.
The growth of the kid snacks market can be attributed to flavorful snacks, aggressive advertisements, and organic snack products. The market for kid snacks registered a CAGR of 2.7% in the historical period 2018 to 2022
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 61870.9 million |
| Anticipated Forecast Value (2033) | USD 131706.7 million |
| Projected Growth Rate (2023 to 2033) | 7.8% CAGR |
A snack is a portion of food that is generally consumed on casual occasions or in between meals. Snacks are smaller than regular meals and are available in a variety of forms such as processed foods and packed snack food, as well as snacks made from fresh ingredients at home. Kid snacks are a small category that covers the snacks consumed by children.
Processed snack foods that are available in the market are a type of convenience food, that is designed or prepared to be more durable, less perishable, and more portable than food that is prepared at home.
Snacks often contain substantial amounts of preservatives, salt, and sweeteners. Beverages, such as cold drinks, juices, or dairy products are not generally considered snacks though they may be consumed in lieu of snack foods.
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Parents these days are more concerned about their children’s health and are willing to buy healthy and nutritious snack products. Companies have become more competitive in terms of launching healthy snacks. Moreover, manufacturers also offer toys inside the snack in order to attract the kids.
All these factors are fuelling the growth of the kid snacks market globally. International evidence clearly shows that snack promotion influences the consumption of processed snack foods by kids. Various kid snack manufacturers are aggressively advertising to promote their products, which is higher traction and in turn bolsters the kid snacks demand all over the world.
Through online sales, manufacturers are also providing various offers and coupons to attract more consumers, which could aid the sustainable growth of the kid snacks market in the forecast period.
The poor nutritional content of kid snacks is a derailing factor in the market growth. In certain cases, kids tend to completely rely on snacks instead of food. Thus, most parents are not investing in the kid snacks market.
In addition, the increasing disposable of single-use plastics used for making kid snacks has become a matter of concern for government authorities across the globe. All these factors are hampering the growth of the kid snacks market.
North America has also emerged as a prominent market for kid snacks, as the popularity of organic snacks is increasing to a significant level in this region. In addition, the rising prominence of grocery stores and convenience stores is accelerating the growth of the kid snacks market in the region.
The increasing penetration of different snack companies is favoring the market growth in North America.
Due to the reasons mentioned above, North America is expected to possess a 27.4% market share for the kid snacks market in 2022.
In order to generate more sales, European manufacturers are focusing on expanding product portfolio and production capacity, which in turn will drive the market of kid snacks in the forecast period
Manufacturers are targeting both online and offline retailers with the objective to expand their distribution networks, thereby making products easily available to consumers. Owing to the aforementioned reasons, Europe is expected to hold a 24.5% market share for the kid snacks market in 2022
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Among these regions, Asia Pacific is expected to have a major global market share. The bakery segment is the most popular segment in the kid snacks market in the Asia Pacific, as the bakery segment includes delicious cakes, biscuits, and chips.
From dairy-rich to vegan kid snacks, international and local market players largely penetrate the Asia Pacific kid snacks market. All these factors are positively influencing the growth of the kid snacks market. Thus, Asia Pacific is expected to procure a 22% market share for the kid snacks market in 2022.
Key players in the start-ups for kid snacks market are Else Nutrition, Nutribud Foods, Jetson, Yamo, and Slurrp Farm
Some of the key players in the kid snacks market include Procter&Gamble, PepsiCo, Inc., The Kraft Heinz Company, Conagra Brands Inc., Calbee, Inc., General Mills, Inc., Intersnack, Lorenz Snack-World, and Mondelez International, Inc. among others.,
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 61870.9 million |
| Market Value in 2033 | USD 131706.7 million |
| Growth Rate | CAGR of 7.8% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Procter&Gamble, PepsiCo, Inc.; The Kraft Heinz Company; Conagra Brands Inc.; Calbee, Inc.; General Mills, Inc.; Intersnack; Lorenz Snack-World; Mondelez International, Inc. |
| Customization | Available Upon Request |
The global market value is pegged at USD 61,870.9 million for the year 2023.
The global market size is poised to be around USD 131,706.7 million by 2033.
Demand for flavored snacks is anticipated to expand at 7.8% CAGR through 2033.
North America is figured out to have acquired 27.4% of the global market share in 2022.
Top market players are Procter Gamble, PepsiCo, and the Kraft Heinz.
| Market Size (2023) | USD 88.11 billion |
|---|---|
| Market Size (2033) | USD 131.0 billion |
| Market CAGR (2023 to 2033) | 4.0% |
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