The global snack market will be worth almost $300bn (€197.8bn) by 2010, as manufacturers move towards healthier products as well as developing markets, a new report predicts.
The 'Snack Foods' report, released yesterday by Global Industry Analysts(GIA), suggests that the industry has successfully started to adapt to the changing market. Earlier reports had predicted that the market would suffer due to consumers turning away from snack foods, traditionally regarded as being high in fat and salt.
According to GIA, however, the market is not due for a crisis just yet, as global volume sales of snacksfoods are expected to rise by 9.8m US tons over the next three years.
According to GIA, however, the market is not due for a crisis just yet, as global volume sales of snacksfoods are expected to rise by 9.8m US tons over the next three years.
