A recent report published by
Infinium Global Research on the corn snacks market provides in-depth analysis of
segments and sub-segments in the global as well as regional corn snacks market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional corn snacks market over the short term as
well as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of global corn snacks market. According to the report, the
global corn snacks market is projected to grow at a CAGR of 4% from nearly USD 7.5
Billion in 2020 to USD 9.5 Billion in 2026 during the forecast period of 2020 - 2026.
Corn snacks have become an
important part of our diet and constitute one of the fastest-growing segments
of the food industry. Particularly, the sales of corn chips, tortillas, and
popcorns have grown enormously over the past years. Corn snacks are tasty and
affordable food products that have a relatively low carb value as compared to
other snacks. Corn snacks have gained immense popularity, especially among the
growing health-conscious population. A tremendous transformation in the snack
segment due to continuous urbanization, the growth of nuclear families, and the
rapid rise in dual-income households have further boosted the demand for
corn-snacks in the market. With the changing socio-economic pattern of life and
the increasing number of working couples, corn snacks will become popular in
the global market.
Corn is not a high-glycemic food,
ranking low or medium on the glycemic index. Corn-based snacks contain a fair
amount of fiber. 112 grams of popcorn has approximately 16 grams of fiber. It
is also a decent source of protein, the protein content ranges from 10–15%.
Roasted corn flakes are a rich source of fiber, nutrition, vitamin, and
minerals, and are also low in cholesterol. Furthermore, they contain low fat
and are easier to digest. Similarly, a 100 g serving of potato chips contains
6.56 g of protein but a whopping 36.4 g of fat. The same amount of tortilla
chips contains 7.79 g of protein and 23.36 g of fat. Moreover, present
consumers have also become increasingly conscious about their health and
wellness. These nutritional benefits offered by corn-based snacks when compared
to potato snacks drive its adoption among the health-conscious population.
market is projected to follow a positive growth trajectory as increase in
snacking is one of the observed changes in actual purchase and consumption
behavior among the consumers due to COVID-19 lockdowns and work-from-home
transitions. Corn snacks, particularly, tortilla chips have been on a growth
trajectory. As the pandemic drove consumers to salty snacks, tortilla chips
were among the highly desired snacks. However, as a negative consequence of the
Covid-19 outbreak, several medium scale companies reduced the production
capacity due to the shortage of laborers in the midst of a slowdown and health
concerns. However, as the lockdown measures eased, the industry has gained
stability in terms of production.
However, corn-snack foods compete
against other “impulse” food items, including chocolate, cookies, and crackers,
baked goods, fruits, and vegetables, and fast food, which makes the competition
very intense. In addition, protein-rich snacks are gaining prominence, such as
jerky products, nut butter, nuts, and seeds, and plant protein-based snacks.
Moreover, high-protein nutrition bars are also hitting the market. Also, other
plant-based proteins are continuing to gain traction across the snack aisle,
which in turn, increases the availability of other substitutes in the market.
In addition, continual interest in carb alternatives will harm the market of
corn snacks. Moreover, innovations in corn-based snacks and the emergence of
online delivery services provide a significant growth opportunity for the
Among the geographies, North
America holds the maximum market share in the global corn snacks market. North
America regions dominance in the global corn snacks market is attributed to
factors such as high disposable income and rapid expansions of modern trade
that have significantly influenced the growth of the corn snacks market in the
region. Furthermore, Europe is the second-largest market for corn snacks owing
to the evolving lifestyle and changing dietary habits in this region. Moreover,
the Asia Pacific corn snacks market is expected to grow with the fastest CAGR
over the forecast period. The Asia Pacific region is expected to witness the
fastest growth during the projection period owing to the radical changes in the
food consumption patterns due to increasing globalization. South America and
Middle East & Africa are likely to expand at a healthy pace in the coming
years owing to the heavy investments in the food sector.
The report on global corn snacks market
covers segments such as type, and distribution channel. On the basis of type,
the sub-markets include corn chips, extruded snacks, puffed snacks, and
ready-to-eat popcorn. On the basis of distribution channel, the sub-markets
include modern trade, specialty food stores, online stores, and convenience
stores & dollar stores.
The report provides profiles of
the companies in the market such as PepsiCo Inc, Calbee Inc, Nestle S.A,
General Mills Inc, Herr Foods Inc, Popchips Inc, Wise Food Inc, The Kraft Heinz
Company, Evans Food Group Ltd, and A.V Thomas Group.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of corn snacks market. Moreover, the study highlights current market
trends and provides forecast from 2020-2026. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.