The Panama snacks market is on track for a substantial increase of USD 160.3 million, indicating a compound annual growth rate (CAGR) of roughly 5.8% during the forecast period from 2024 to 2029. In Panama, the snacks market is experiencing growth, driven by urbanization, rising disposable incomes, and changing consumption patterns. Busy urban lifestyles in cities like Panama City are driving demand for on-the-go snacks such as chips, cookies, and energy bars. As consumers become more health-conscious, there is a shift toward healthier snack options, including low-calorie, high-protein, or gluten-free alternatives. Furthermore, international snack brands are becoming more prevalent in Panama, increasing the range of snack choices available to consumers and encouraging a greater variety of flavor preferences.
The report delivers an in-depth analysis of the Panama snacks industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the snacks market.
Market Segmentation
The following outlines the segmentation of the Panama snacks market:
Product type: confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, snack bars, sweet biscuits
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
In Panama, the snacks market is segmented by product type and distribution channel. By product type, it includes confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, snack bars, and sweet biscuits. Distribution channel segmentation comprises convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
The competitive landscape of the industry has been analyzed, featuring profiles of major players such as The Hershey Company, Sociedad de Alimentos de Primera S.A. (Bonlac), Productos Alimenticios Pascual S.A., PepsiCo Inc., Nestle S.A., Mondelez International Inc., Mars Incorporated, Kellanova, John B. Sanfilippo & Son Inc., Hormel Foods Corp., Grupo Nutresa S.A., Grupo K (Industrias Lacteas S.A. ), Grupo Arcor S.A., General Mills Inc., Ferrero International S.A., Cooperativa de Productores de Leche Dos Pinos R.L., Comercializadora CMC Investment y Cia Ltda, Colombina SA and Borden Dairy Company.
This report delivers an in-depth examination of leading companies in the snacks sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Panama snacks market.
Gain in-depth analysis and forecasts for the key segments of the Panama 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 Panama snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Panama snacks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Panama Snacks Market – Product Type Analysis
Panama Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– The Hershey Company
– Sociedad de Alimentos de Primera S.A. (Bonlac)
– Productos Alimenticios Pascual S.A.
– PepsiCo, Inc.
– Nestle S.A.
– Mondelez International Inc.
– Mars, Incorporated
– Kellanova
– John B. Sanfilippo & Son, Inc.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Panama Snacks Market 2019-2029
Chart Panama Snacks Market, Net Growth, 2019-2029
Chart Panama Snacks Market, Growth Rates, 2019-2029
Table Panama Snacks Market by Product Type, 2019-2029
Chart Panama Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Panama Snacks Market by Product Type, 2019-2029
Table Panama Snacks Market by Distribution Channel, 2019-2029
Chart Panama Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Panama Snacks Market by Distribution Channel, 2019-2029
Table Panama Snacks Market Share (%), by Companies, 2019-2023
Chart Panama Snacks Market, by Companies, 2023
Table Panama Snacks Market Share (%), by Brands, 2019-2023
Chart Panama Snacks Market, by Brands, 2023
Table Panama – Population (Millions) and Forecast
Table Panama – Consumer Price Index (CPI) and Forecast
Table Panama – Gross Domestic Product and Forecast
Table Panama Snacks Market: Spend as a Proportion of GDP (%)
Table Panama Snacks Market: Consumption per Capita (Population)
Companies Mentioned
The Hershey Company
Sociedad de Alimentos de Primera S.A. (Bonlac)
Productos Alimenticios Pascual S.A.
PepsiCo, Inc.
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Kellanova
John B. Sanfilippo & Son, Inc.
Hormel Foods Corp.
Grupo Nutresa S.A.
Grupo K (Industrias Lacteas, S.A. )
Grupo Arcor S.A.
General Mills, Inc.
Ferrero International S.A.
Cooperativa de Productores de Leche Dos Pinos R.L.
Comercializadora CMC Investment y Cia Ltda
Colombina SA
Borden Dairy Company