According to a market report by Lucintel, the future of the snack food market in the US looks promising with opportunities in the supermarkets/hypermarkets, convenience store, and e-retail markets. The major drivers for this market are rise in replacement of meals with snack items as due to covid-19 lockdown people are forced to stay indoors and as a result, they purchase snack items in bulk. Also there is change in lifestyle.
In this market, frozen snacks, savory snacks, fruit snacks, confectionery snacks, bakery snacks, and other are the major product types. The savory snack market is expected to witness the highest growth over the forecast period due to increasing trend for on-the-go-snacks with ease of consumption and ease of store packaging.
Supermarkets/hypermarkets is expected to remain the largest segment over the forecast period due to the convenience of shopping, availability of different types of products in a single place at an affordable price.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the snack food market in the US by product type and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Snack Food Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the snack food market in the US by product type and distribution channel as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Frozen Snacks
Savory Snacks
Fruit Snacks
Confectionery Snacks
Bakery Snacks
Other
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
Supermarkets/Hypermarkets
Convenience Store
E-retailers
Others
This more than 50-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.