China Business Intelligence Network News: With the continuous improvement of residents' food consumption level and the emergence of diversified consumption scenarios, the scale of China's leisure snack market has shown a steady growth trend. According to the "2024-2029 In-depth Analysis and Development Trend Forecast Report of China's Snack Food Industry" released by the China Business Industry Research Institute, the market size of China's snack industry will increase from 670.52 billion yuan to 741.22 billion yuan from 2019 to 2023, with an average annual compound growth rate of 2.54%. Analysts at the China Business Industry Research Institute predict that the market size of China's leisure snack industry will reach 762.74 billion yuan in 2024.
Data source: Sullivan and China Business Industry Research Institute
As an emerging retail format of snack food, mass merchandising snacks are rising rapidly with the characteristics of multi-brand, multi-category and cost-effective, and the number of stores opened and the scale of sales are growing exponentially. According to the "2024-2029 In-depth Analysis and Development Trend Forecast Report of China's Snack Food Industry" released by the China Business Industry Research Institute, the market size of China's mass snack store industry will reach 70.67 billion yuan in 2023, an increase of 70.41% over the previous year. Analysts at the China Business Industry Research Institute predict that the market size of China's mass snack store industry will grow to 104.59 billion yuan in 2024.
Data source: Sullivan and China Business Industry Research Institute
For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China's Snack Food Industry" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industry research reports, industry white papers, industry status certificates, feasibility study reports, industrial planning, industrial chain investment map, industrial investment guidelines, industrial chain investment investigation & promotion meeting, "15th Five-Year Plan" and other consulting services.