Snack and sweet industry includes various product lines such as salted snacks, specialty and frozen items, bakery and confectionery. The salted snacks are further categorized into potato chips, tortilla & corn chips, meat snacks, snack nuts, popped snacks, popcorn, cheese snacks and others. Snack & sweet foods can be prepared and served quickly. Thus, with the rising income level and reduced time to cook, snack & sweet industry has observed increased demand in last few years. They are emerging as an alternative to full-fledged meals as it can be single-serve, eaten anywhere and are portable.
Functional snack and sweet products, which includes bars, chips, cookies and yogurt, are an emerging trend in the industry. In addition, a surging popularity of organic, natural and protein-fortified snack and sweet have also been observed.
With rising concerns towards health among consumers, demand for low-fat, low-sugar and low calorie snack and sweet foods have increased. Confectionery products, which rule the snack and sweet market, are being experimenting with new components and flavours, while sugar and fat levels are being reduced by them. The confectionery market is majorly divided into two categories: Sugar confectionery and baker’s confectionary. Sugar confectionary includes sweets, candies, chocolates and chewing gum whereas baker’s confectionery includes pastries, cakes, doughnuts and cookies.
Popped snacks are also an integral part of salted snacks. Popped snacks are low calorie and high protein snacks. Consumer preference for popped snacks is increasing amongst the people with quick snacking habits.
Changing lifestyle, increased number of working women, value prices and higher disposable income are some of the key factors boosting the snack and sweet market. Additionally, innovations in ready-to-eat snacks and growth in quick service restaurants are contributing positively to the market. However, the rising prevalence of obesity and government regulations regarding procurement of meat, vegetables and other raw materials are proving to be the restraining factors.
ASDReport.com has an extensive collection of reports on snack & sweet industry. These reports provide market insights on various product lines of snack and sweet market like, cocoa and chocolate, dips, savoury baked goods, pizza and much more.