Market Share of Premium Snacks Industry
The global premium snacks market is highly competitive, mostly in developed nations, where a sizable number of snack food production companies are in operation to supply the limited population. Chocoladefabriken Lindt & Sprungli AG, Donutopia Berco's Popcorn, The Kellogg Company, and Uniliver are a few of the main companies in the premium snacks food industry. These companies are developing new tastes, fancier packaging, broadening their target markets, and bolstering their distribution networks in an effort to increase their market share. To meet rising customer demand and gain a competitive edge in the industry, the major players are concentrating on new product developments, expansions, partnerships, mergers, and acquisitions. For instance, In February 2021, Kellogg Company opened a new design studio to complete its global innovation suite, the new Design Studio for employees. The company's Innovation Suite at the Kellogg Institute for Food & Nutrition Research, on its Battle Creek headquarters campus, now includes the 40,000-square-foot studio. Additionally, it has the renowned Kellogg Center for Culinary Innovation, the Center for Sensory and Consumer Discovery, and Innovation Engine Room.
Premium Snacks Market Leaders
Chocoladefabriken Lindt & Sprungli AG
Donutopia
Berco’s Popcorn
The Kellogg Company
Unilever Plc
*Disclaimer: Major Players sorted in no particular order
