Sri Lanka Snacks Market 2024

Description

Expected to witness rapid expansion, the Sri Lanka snacks market is likely to increase from USD 522.7 million in 2023 to USD 956.7 million by 2029, registering a CAGR of 10.6% during the forecast period. In Sri Lanka, the snacks market is benefiting from rising disposable incomes and a growing middle class. As more people embrace urbanization and lead busier lifestyles, demand for convenient snack options is on the rise. Packaged snacks such as chips, biscuits, and nuts are gaining popularity as quick and easy food options. Additionally, health trends are beginning to shape the market, with consumers increasingly looking for snacks that are natural, low in sugar, or fortified with functional ingredients. The growth of social media and digital marketing is also helping to introduce consumers to new snack innovations.

The report provides a comprehensive analysis of the Sri Lanka snacks industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the snacks sector.

Market Segmentation

The segmentation of the Sri Lanka snacks market is outlined below:
Product type: confectionery, ice cream and frozen dessert, savoury snacks, snack bars, sweet biscuits
Distribution channel: supermarkets and hypermarkets, grocery stores, bars and HoReCa, e-commerce, others

The Sri Lanka snacks market is segmented by product type and distribution channel. In terms of product type, the market is segmented into confectionery, ice cream and frozen dessert, savoury snacks, snack bars, and sweet biscuits. Distribution channel segmentation comprises supermarkets and hypermarkets, grocery stores, bars and HoReCa, e-commerce, and others.

Competitive Landscape

Within the competitive landscape, significant companies profiled in the report include Uswatte Confectionary Works (Pvt) Ltd., Milco Private Limited, Maliban Biscuit Manufacturers Pvt. Ltd., Little Lion Associates (Pvt) Ltd, Kellanova, Edna Group, Ceylon Cold Stores PLC, Ceylon Chocolates Limited, Ceylon Biscuits Limited and Cargills (Ceylon) PLC.

This report presents an extensive analysis of major entities in the snacks market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Sri Lanka snacks market.
Gain in-depth analysis and forecasts for the key segments of the Sri Lanka snacks market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Sri Lanka snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka snacks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Sri Lanka Snacks Market – Product Type Analysis
Sri Lanka Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– Uswatte Confectionary Works (Pvt) Ltd.
– Milco Private Limited
– Maliban Biscuit Manufacturers Pvt. Ltd.
– Little Lion Associates (Pvt) Ltd
– Kellanova
– Edna Group
– Ceylon Cold Stores PLC
– Ceylon Chocolates Limited
– Ceylon Biscuits Limited
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Sri Lanka Snacks Market 2019-2029
Chart Sri Lanka Snacks Market, Net Growth, 2019-2029
Chart Sri Lanka Snacks Market, Growth Rates, 2019-2029
Table Sri Lanka Snacks Market by Product Type, 2019-2029
Chart Sri Lanka Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Snacks Market by Product Type, 2019-2029
Table Sri Lanka Snacks Market by Distribution Channel, 2019-2029
Chart Sri Lanka Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Snacks Market by Distribution Channel, 2019-2029
Table Sri Lanka Snacks Market Share (%), by Companies, 2019-2023
Chart Sri Lanka Snacks Market, by Companies, 2023
Table Sri Lanka Snacks Market Share (%), by Brands, 2019-2023
Chart Sri Lanka Snacks Market, by Brands, 2023
Table Sri Lanka – Population (Millions) and Forecast
Table Sri Lanka – Consumer Price Index (CPI) and Forecast
Table Sri Lanka – Gross Domestic Product and Forecast
Table Sri Lanka Snacks Market: Spend as a Proportion of GDP (%)
Table Sri Lanka Snacks Market: Consumption per Capita (Population)

Companies Mentioned

Uswatte Confectionary Works (Pvt) Ltd.
Milco Private Limited
Maliban Biscuit Manufacturers Pvt. Ltd.
Little Lion Associates (Pvt) Ltd
Kellanova
Edna Group
Ceylon Cold Stores PLC
Ceylon Chocolates Limited
Ceylon Biscuits Limited
Cargills (Ceylon) PLC