Snack Food - Canada | Statista Market Forecast

Revenue in the Snack Food market amounts to US$8.87bn in 2024. The market is expected to grow annually by 5.64% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$52bn in 2024).
In relation to total population figures, per person revenues of US$226.70 are generated in 2024.
In the Snack Food market, volume is expected to amount to 896.30m kg by 2029. The Snack Food market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Snack Food market is expected to amount to 19.6kg in 2024.

Definition:

The Snack Food market covers food products that are typically eaten in between meals or as a quick bite. These meals are frequently created to be portable, simple to prepare, and easy to consume. Snack foods can be either salty or sweet. This market is divided into three submarkets: cookies and crackers, potato chips, tortilla chips, flips, and pretzels.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Potato chips
Extruded and expanded snacks (e.g. Cheetos, Wotsits)
Cookies and crackers
Pretzels

Dried fruit snacks
Nuts
Out-of-home consumption

The Snack Food market within the Confectionery & Snacks Market in Canada has been experiencing minimal growth, due to factors such as increasing health consciousness among consumers and the convenience of online shopping. However, the sub-markets of Tortilla Chips, Flips & Pretzels, Potato Chips, and Cookies & Crackers have seen slight increases, driven by changing consumer preferences and product innovation. This trend is expected to continue as the market adapts to evolving consumer demands.

Customer preferences: Consumers in Canada are gravitating towards healthier snack options, driven by the rising awareness of the link between diet and overall health. This has led to a surge in demand for plant-based, organic, and gluten-free snacks. Additionally, there is a growing preference for snacks with functional benefits, such as protein bars and energy-boosting snacks. This shift towards healthier snacking can be attributed to evolving lifestyle factors, including a focus on wellness and clean eating.

Trends in the market: In Canada, the Snack Food market of the Confectionery & Snacks Market within The Food market is experiencing a surge in demand for healthy and convenient snack options. This trend is driven by the increasing health consciousness among consumers and the growing popularity of on-the-go snacking. As a result, companies are introducing innovative products, such as protein bars, fruit and vegetable chips, and low-sugar snacks, to cater to this demand. This trend is expected to continue, as consumers seek healthier snack options, presenting opportunities for industry stakeholders to tap into this growing market segment.

Local special circumstances: In Canada, the Snack Food Market within the Confectionery & Snacks Market of The Food market is greatly influenced by the country's multicultural population. This has led to the introduction of unique and diverse snack options, such as Asian-inspired flavors and traditional indigenous snacks. Additionally, Canada's strict regulations on food labeling and ingredients have resulted in a demand for healthier snack options, driving the growth of the organic and natural snack segment.

Underlying macroeconomic factors: The Snack Food Market of the Confectionery & Snacks Market within The Food market in Canada is heavily influenced by macroeconomic factors such as consumer spending, inflation rates, and trade policies. The country's strong economic health and stable political landscape contribute to a favorable business environment for market players. Additionally, the increasing demand for healthy and convenient snack options, along with the growing trend of snacking throughout the day, are driving the growth of the market. Moreover, the rising disposable income of consumers and their changing lifestyles are also key factors contributing to the growth of the Snack Food Market in Canada.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.