Global Pretzel Market Report 2019-2024 | $491.3M Opportunity Analysis & Industry Insights - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 23, 2019--
The “Global Pretzel Market - Growth, Trends and Forecasts (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
Global pretzel market is projected to reach a value of 491.3 million USD by 2024, registering a CAGR of 2.7% during the forecasted period.
Major Market Trends
Growing Demand for Snacks
The demand for healthy snacks is growing due to progression in the increasing number of unhealthy population. The increasing popularity of snacks among the young population boosted the necessity for healthy eating habits, and is likely to drive the demand for pretzels.
Pretzels are considered to be a healthier alternative, due to the presence of healthier ingredients. For healthier snacking purposes and reduced use of artificial starch, ingredients, such as tapioca, potato, sweet potato, wheat, and corn, are used in the pretzel market, based on the availability of the raw materials.
The growing usage of ingredients which comparatively absorb less percentage of oil, is addressing the demand for healthier snacking and is driving the market globally. Growing demand from developing countries are also a factor boosting the global market.
North America is the Largest Region in the Global Market
North America is the major region in global pretzel market. Pretzel is considered as a healthier snack alternative, in comparison to other traditional snacks. They have low fat content and are high in nutrients. Majority of the flour used is fortified with vitamins and iron, which helps stimulate the process of digestion and boosts metabolism.
The United States is one of the leading countries in terms of consumption and production of pretzels in North America. Introduction of healthy variants of pretzels, in a wide range of flavors, has been a key factor, driving the growth of the market in this region.
Pennsylvania is the center of American pretzel production for both the hard and the soft-bread types pretzels. About 80% of the hard pretzels produced in America are made in Pennsylvania. Americans eat more hard pretzels than soft pretzels.
The global pretzel market is a fragmented market with the presence of various players in the market. Most of the major players of the market hails from North America and Europe. Diversifications are made in the product in terms of raw material, flavor, special ingredient etc.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.2 By Distribution Channel
5.2.2 Convenience Stores
5.2.3 Food Speciality Store
5.2.4 Online Retail Stores
5.2.5 Other Distribution Channels
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle East & Africa
188.8.131.52 South Africa
184.108.40.206 United Arab Emirates
220.127.116.11 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Mr. Pretzels
6.4.2 Auntie Anne’s
6.4.4 Pretzels Inc.
6.4.6 Old Dutch Foods
6.4.7 Philly Pretzel Factory
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/dprt01
View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005375/en/
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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 10/23/2019 06:31 AM/DISC: 10/23/2019 06:31 AM