Food and Nutrition Consumers are engaging with food and nutrition like never before. Our in-depth analysis examines the most important implications across the industry, providing market intelligence, original thinking and key insights.

Snack Sales to Grow 4 Times Faster in Emerging Markets Through 2025

Euromonitor International Profile Picture
Euromonitor International Bio

CHICAGO – Snack sales are expected to grow four times faster in emerging markets than developed countries over the next five years, according to global market research company Euromonitor International.

In a new webinar, “Where Do We Go from Here? The Future of Snackification Beyond 2020,” Euromonitor International examines short-, mid- and long-term implications on snacking amid COVID-19.

Lack of mobility defined snacking occasions during the height of the pandemic, but portability will regain importance in the long run. With 20% longer commutes on average than in developed countries, emerging markets will drive growth, recording an expected 14% increase in snack sales through 2025, according to Euromonitor International.

“As economies reopen, product features that were deprioritized will resurge,” said Jared Koerten, food and nutrition industry manager at Euromonitor International.

The number of online stock-keeping units (SKU) across snack categories saw a drastic decline in early 2020 and remains significantly lower than pre-pandemic, according to Euromonitor International’s pricing intelligence solution Via.

“SKU rationalization poses a threat to innovation mid-term, as manufacturers streamline portfolios and focus on essential product lines,” said Koerten. “For an industry that historically relied on product launches, from new flavors to licensing deals, to grow sales, innovation will take a new meaning moving forward.”

Access Euromonitor International’s webinar to understand the evolution of snacking beyond 2021.

– ENDS –

For further information, please contact:

Marissa Bosler

Senior Communications Executive

Euromonitor International

Tel: +1 312 4778908

About Euromonitor International

Euromonitor International is the world’s leading provider for global business intelligence, market analysis and consumer insights. From local to global and tactical to strategic, our research solutions support decisions on how, where and when to grow your business. Find the right report, database or custom solution to validate priorities, redirect assumptions and uncover new opportunities. With offices around the world, analysts in over 100 countries, the latest data science techniques and market research on every key trend and driver, we help you make sense of global markets.

Interested in more insights? Subscribe to our content

Shop Our Reports

Plant-Based Dairy in Latin America

Plant-based dairy was continuing to see strong growth in 2022, driven mainly by other plant-based milk. Plant-based yoghurt and cheese were also seeing dynamic…

View Report

Plant-Based Dairy in Asia Pacific

Growth in plant-based dairy slowed in 2022, following the relatively strong rebound seen in 2021, after sales had shown a marked decline in 2020, mainly due to…

View Report

Competitor Strategies in Snacks

The recovery of on-the-go consumption supported snack sales growth in 2022. Leading snack players maintained their positions and growth trajectory in 2022. They…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More