Report: China Snacks Food Market China will grow to USD 142.9 Billion by 2027

China Snacks Food Market 2021-2027 by Categories, Cities, Sales Channel, Company Analysis, and Forecasts.

April 29, 2021

Source

ResearchAndMarkets.com

According to the report "China Snacks Food Market, By Categories, Cities, Sales Channel, Company Analysis, Forecast", the China Snack Food Market is expected to grow to USD 142.9 Billion by 2027.

The China snack industry is entering the fast growth lane. The combination of consumption upgrades, healthy savoury snacks, and distribution channels created a market of China Snacks with an output value of USD 90.7 Billion in 2020.

China children snack market is a relatively untapped segment. China's consumption enhancement has significantly shaped purchasing preference towards the multiple categories of snacks foods for the younger generation.

The 'attractive economy' is equally matched with 'attractive packaging design' of snack food in China. Chinese consumers pay more attention to exterior design, with snacks packed gift boxes showing a new trend in China.

Chinese consumers usually purchase healthy snacks from traditional, modern, speciality, supermarkets and import stores. The most popular snacks are fruit and nuts, cookies, meat snacks, and other junk food.

China E-commerce platforms have added significant growth over the years, which provides a more substantial opportunity to the Chinese consumers and local companies to meet their demand for healthy and diet supplements aligned with their busy lifestyles.

Further, in the China Snack Food segment, the market is expected to grow with a CAGR of 6.71 percent from 2020 to 2027. Most domestic snacks manufacturers are in East and Central China, with most brands originating from Fujian and Guangdong provinces along with Shanghai municipality.

As per the research, yoghurt's sales, nut snacks, and meat snack will continue to grow in upcoming years. The popularity of healthier snacks within China has a bright future.

China's snack food key players play an essential role, such as PepsiCo, which has acquired local Chinese firms to sell its products online.

The COVID-19 pandemic has affected the supply chain of the snacks industry in China. To contain the spread of the virus government of China had to close the manufacturing industries for a few months in the year 2020.

Companies covered in this report

Bright Food (Group) Co. Ltd.
Want Want Holdings Limited
PepsiCo
Panpan Food Group Co., Ltd.
Guangdong Jiabao Group Co., Ltd

Key Topics Covered:

1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. China Snacks Market
6. Market Share Analysis
- 6.1 By Snack Food Categories
- 6.2 By Tier Cities
- 6.3 By Sales Channel
7. Market by Snack Food Categories
- 7.1 Biscuit
- 7.2 Cookies
- 7.3 Popcorn
- 7.4 Tortilla Chips, Flips & Pretzels
- 7.5 Potato Chips
- 7.6 Yogurt
  - 7.6.1 Drinking Yogurt
  - 7.6.2 Spoonable Yogurt
- 7.7 Ice-cream
- 7.8 Meat Snacks
8. Market by Tier Cities
- 8.1 Tier 1st Cities
- 8.2 Tier 2nd Cities
- 8.3 Tier 3rd Cities
- 8.4 Tier 4th Cities
9. Market by Sales Channel
- 9.1 Traditional Retail
- 9.2 Modern Retail
- 9.3 Online Retail
- 9.4 Specialty Retail
10. Company Analysis
- 10.1 Bright Food (Group) Co. Ltd.
  - 10.1.1 Overview
  - 10.1.2 Recent Developments
  - 10.1.3 Sales
- 10.2 Want Want Holdings Limited
- 10.3 PepsiCo
- 10.4 Panpan Food Group Co., Ltd
- 10.5 Guangdong Jiabao Group Co., Ltd