Market Scope:

According to the reports by MRFR, the global market for packaged pretzels is anticipated to exhibit a robust CAGR of over 3.2% during the forecasted timeframe from 2020 to 2026. The packaged pretzels market is likely to attain a valuation of over USD 2,498.94 Million by 2026.

Market Drivers:

Packaged pretzels are hard pretzels manufactured with wheat flour, sugar, salt, shortening, leavening agents, yeast, and water. The Packaged Pretzels Market Growth has been experiencing massive growth over recent years. The growth of the packaged pretzels market is primarily being driven by consumer inclination toward convenience snacking. Some of the common seasonings for pretzels include chocolate, seeds, glazes, salt, sugar, and nuts. The growth of the packaged pretzels market is being driven by the factors such as increasing demand for gluten-free products among consumers, changing eating habits among consumers, increasing brand visibility, and the rising number of consumer stores across the globe.

Furthermore, the outbreak of COVID-19 globally has also had a positive impact on the market's growth over recent times. Moreover, the factors such as rising product preference while consuming beverages and the growth of the organized retail sector in developing countries have also boosted the market's growth. However, the intense competition from other food snacks is likely to restrict the market's growth over the review timeframe.

Packaged Pretzels Market Competitive Analysis:

The global market for packaged pretzels has an intensely competitive landscape. The market is flooded with a wide number of players spread worldwide. The list of leading players in the packaged pretzels market includes companies such as Snyder's-Lance, Inc. (US), Pretzels (US), Mars, Incorporated (US), Herr Foods Inc. (UK), Auntie Anne's, Inc. (US), Pretzels, Inc. (US), Nestle S.A. (Switzerland), J&J SNACK FOODS CORP (US), PepsiCo (US), Conagra Brands, Inc. (US), and many others.

Packaged Pretzels Market Segmentation Analysis:

The global market for packaged pretzels is segmented into several segments based on shape, category, distribution channel, and region.

The packaged pretzels market is divided into sticks, minis, twists, and others based on shape.

Based on category, the global market is bifurcated into conventional and gluten-free.

By distribution channel, the packaged pretzels market is bifurcated into non-store-based and store-based.

Regional Analysis:

The global market for packaged pretzels is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

The North American regional market for packaged pretzels led the market globally in 2019. The region is anticipated to endure in its domination over the review timeframe. The growing consumer inclination toward intermediate snacking is likely to accelerate the demand for the packaged pretzels market. Furthermore, the growing food industry and the launch of a wide variety of products by several manufacturers are likely to boost the performance of the regional market over the forecasted era.

The European regional market is likely to exhibit substantial growth over the review timeframe. The growing food industry is the primary aspect driving the growth of the regional market.

The Asia-Pacific regional market for packaged pretzels is anticipated to grow substantially over the assessment timeframe. The evident factors for the growing demand for packaged pretzels are the progressively hectic lifestyles of the consumers, associated with the popularity of convenient food products in the emerging economies.

Know More about the Report: https://www.marketresearchfuture.com/reports/packaged-pretzels-market-10236

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