The size of snacks market is expected to exceed 600 billion childrens snacks as a new starting point this year

category:Finance
 The size of snacks market is expected to exceed 600 billion childrens snacks as a new starting point this year


According to the white paper on the market survey of childrens snacks, the number of school-age preschool education and primary school students (3-12 years old) in China in 2018 is about 159 million. How to make snacks for these 159 million children is an opportunity and challenge for Chinese snack enterprises. At present, Chinas snack market is in the early mature stage of rapid development, with huge market capacity. In 2019, the size of snack market will reach 571.3 billion yuan. With the improvement of living standards, the annual growth rate will be maintained at more than 6%. In 2020, the size of snack market is expected to exceed 600 billion yuan. According to the 2018 global childrens snack Market Research Report of QY research, it is predicted that the childrens snack market will grow steadily at a compound annual growth rate of 10% to 15% from 2019 to 2023. Especially in China, with the deepening of the two child policy in the future, it is expected that the number of children in China will continue to increase, the corresponding childrens snack market will be promising, and the childrens snack market will become a new driving point of the leisure food market. Source: responsible editor of Beijing News: Wang Xiaowu NF

According to the 2018 global childrens snack Market Research Report of QY research, it is predicted that the childrens snack market will grow steadily at a compound annual growth rate of 10% to 15% from 2019 to 2023. Especially in China, with the deepening of the two child policy in the future, it is expected that the number of children in China will continue to increase, the corresponding childrens snack market will be promising, and the childrens snack market will become a new driving point of the leisure food market.