Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 64.98 Billion | USD 132.66 Billion | 7.4% | 2023 |
According to a report from Zion Market Research, the global Kid Snacks Market was valued at USD 64.98 Billion in 2023 and is projected to hit USD 132.66 Billion by 2032, with a compound annual growth rate (CAGR) of 7.4% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Kid Snacks Market industry over the next decade.
The report offers assessment and analysis of the Kid Snacks market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
According to NCBI, nutritional quality in kids’ diet is in list of topmost public health priorities in countries such as the U.S. Moreover, it is necessary for kid snacks to contain large proportion of nutritive ingredients for inhibiting obesity in kids and combating chronic ailments. Furthermore, kid snacks are available in various forms such as processed snacks, convenient snacks, and snacks in different flavors manufactured with fresh & nutritive constituents. In addition to this, processed snacks for kids have elongated shelf life as they can be preserved for a long time span. Apparently, kid snacks are available in myriad forms such as frozen snacks, bakery snacks, and confectionery snacks.
Growth of kid snacks market over forecast timeframe is owing to introduction of healthy products such as oatmeal, yogurt, cookies, and nuts in kid snacks. Apart from this, for promoting kid snacks, manufacturers are offering toys, stickers, and other additional attractive products as well as supplementary food or chocolate items in kid snack packets. Recently, new offers such as 2GB data of some telecom service providers are offered on purchase of minimum amount or minimal grams of kid snacks packs in countries such as India.
All these aforementioned aspects will steer growth of kid snacks market in years ahead. The rise in purchasing capacity, changing food habits, and growing preference for nutritive snacks will prompt the expansion of the kid snacks industry over the years to come.
Report Attributes | Report Details |
---|---|
Report Name | Kid Snacks Market |
Market Size in 2023 | USD 64.98 Billion |
Market Forecast in 2032 | USD 132.66 Billion |
Growth Rate | CAGR of 7.4% |
Number of Pages | 120 |
Key Companies Covered | Heavenly Tasty Organics LTD, The Hain Celestial Group, Inc., General Mills, Inc., NurturMe, The Museum Co., The Kids Food Company Limited, Nestle S.A., MINI MUNCHER, Whole Kids, Kellogg Co., and Plum, PBC |
Segments Covered | By Product Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Growth of kid snacks market in Asia Pacific over forecast timespan is due to rise in demand and consumption of nutritious snacks by kids in the sub-continent. Apart from this, product manufacturers in countries such as India and China are focusing on product portfolio expansion as well as increasing their manufacturing capacities to fulfill escalating demand for product in these densely populated countries. This will further cascade the growth of the kid snacks business in the Asia Pacific. Apart from this, manufacturers & vendors in region are allocating massive amount of funds for product & sales promotions to attract new customers. This will result in elevation of market size in the Asia Pacific region.
Kid Snacks market has become highly fragmented with large number of new players entering snack producing business. Hence, each player is trying to optimize gains through massive product penetration & sales resulting from launching of new food products in existing product line. Moreover, each player is trying to acquire a strong position in the kid snacks market and gain a competitive edge over business rivals through the implementation of key business strategies such as expanding its regional base by entering into agreements with supermarket & retail stores in different regions and providing high incentives to local wholesalers & retailers on distribution & sale of their products.
Market Research Report Of Zion Market Research displays profiles, comprehensive information, and case studies about industry players such as-
By Type
By Distribution Channel
By Source
By Region
FrequentlyAsked Questions
Growth of kid snacks market over forecast timeframe is owing to introduction of healthy products such as oatmeal, yogurt, cookies, and nuts in kid snacks. Apart from this, for promoting kid snacks, manufacturers are offering toys, stickers, and other additional attractive products as well as supplementary food or chocolate items in kid snack packets. Recently, new offers such as 2GB data of some telecom service providers are offered on purchase of minimum amount or minimal grams of kid snacks packs in countries such as India. All these aforementioned aspects will steer growth of kid snacks market in years ahead. Rise in purchasing capacity, changing food habits, and growing preference towards nutritive snacks will prompt expansion of kid snacks industry over years to come. Moreover, online promotions & advertisement of kid snacks on social media and internet will further boost profit margins of manufacturers, thereby defining growth of kid snacks market. Additionally, giant retail stores as well as supermarket stores are focusing on implementation of market basket analysis model and RFM Model for targeting more customers, thereby increasing their earnings. Moreover, such strategic moves will also enhance profitability of kid snacks market in foreseeable future.
According to Zion market research report, the global Kid Snacks market accrued earnings worth approximately 64.98(USD Billion) in 2024 and is predicted to gain revenue of about 132.66 (USD Billion) by 2032, is set to record a CAGR of nearly 7.4% over the period from 2024 to 2032.
Asia Pacific will contribute lucratively towards the global market earnings over the estimated timeline. The regional market surge is subject to rise in demand and consumption of nutritious snacks by kids in the sub-continent. Apart from this, product manufacturers in countries such as India and China are focusing on product portfolio expansion as well as increasing their manufacturing capacities to fulfill escalating demand for product in these densely populated countries. This will further cascade growth of kid snacks business in Asia Pacific. Apart from this, manufacturers & vendors in region are allocating massive amount of funds for product & sales promotions to attract new customers. This will result in expansion of market size in Asia Pacific region.
The key market participants include Heavenly Tasty Organics LTD, The Hain Celestial Group, Inc., General Mills, Inc., NurturMe, The Mumum Co., The Kids Food Company Limited, Nestle S.A., MINI MUNCHER, Whole Kids, Kellogg Co., and Plum, PBC.
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