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Tabletop Snacks Market Segmented By product type such as Chips, Processed & Dietary snacks, Functional Food, Bakery & Confectionery, Others with sales channel such as Hyper/supermarket, Convenience Stores, Specialty store, E-commerce, Other retail formats
Tabletop Snacks are continuously changing the attitudes of their customers towards snacks and healthy food as manufacturers now are investing heavily on ready to eat table top snacks or now a days commonly referred to as gaming snacks influenced the global snacks market.
On account of growing acceptance of healthy snacks, the tabletop snacks has been witnessing a significant growth over the past few years. As, these snacks are enjoyed by both younger and older as younger generation tend to get energy in between meals while older generations see snacking as more of a treat of their evening snack time.
The growing awareness towards health and wellness among the consumers has enforced manufacturers and producers to satiate to this demand, by offering various low calorie, low fat and gluten free tabletop snacks products. As these tabletop snacks are enjoyed by all age groups across globe as they consume them day in day out. Tabletop snacks has now become a large part of their daily routine diet intake and particularly on family get together occasions, kitty parties, and at other various occasions.
The availability of large number of key market players to innovate new flavours is further anticipated to drive the market over the forecast period. In some regions, the growing preference of health conscious consumers towards the organic and healthy tabletop snacks is compelling the manufacturers to offer new and organic based food products.
From the past few years, potato chips segment is one of the leading segment of this market and this trend is likely to continue over the forecast period. Manufacturers have not only changed their manufacturing methods but also reformed some ingredients in their products to meet increasing demand for healthy and natural food products.
Major drivers of the tabletop snacks market is the rising demand of processed foods. With growth of service sector, percentage of working population and lifestyle change are changing family and household dynamics and that leads to no time to cook increased demand for tabletop snacks.
The demand of tabletop snacks has led to now their application as an appetizer and after school snacks for kids is increasing. Tabletop snacks are pocket friendly easy to carry snacks recently trending gaming snacks for youngsters providing they assess for affordable priced food.
But there are few restraints to tabletop snacks market prepared using preservatives and when stored over long period can causes loss of vitamins and on freezing the pathogen might attack food ingredient turns it rancid unfit for consumption. The major factors which are trending the demand of tabletop snacks are increasing female participation in workforce, increasing income, interest in ethnic and changing lifestyle especially in urban areas.
There is a huge opportunity for companies in this industry to expand their market in China as it fastest growing market for tabletop snacks in Asia and Europe. The significant opportunity for tabletop snacks could be there online marketing to reach to the larger audiences across the globe.
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The Tabletop Snacks Market is segmented into seven regions, namely Eastern Europe, Latin America, Asia Pacific excluding Japan (APEJ), North America, Japan, Western Europe, and Middle East and Africa (MEA). In the Asia-Pacific region, the demand for tabletop snacks is increasing among countries including China, India, Australia and many other countries.
Key factors behind increasing demand for tabletop snacks in developing economies is due to changing lifestyle, urbanization and changing consumer preference towards eating habits. Further, the demand for tabletop snacks is also increasing among U.S. and in some Western European countries.
Some of the prominent players identified in the Tabletop Snacks Market includes: Giant Eagle, McCain, Annies, Tyson Food Inc., Nestle, General Mills Inc., ConAgra Inc., Dole Food Co. Inc., Hormel Food Corp., Campbell Soup Co., Chiquita, Brands Internationals Inc., and Congelados da Sonia etc.