Sri Lanka Snacks Market 2025$675.0
Anticipated to experience rapid growth, the Sri Lanka snacks market is set to rise from USD 522.7 million in 2024 to USD 956.7 million by 2030, achieving a CAGR of 10.6% throughout the 2025-2030 timeframe. Sri Lanka’s snack market is navigating macroeconomic headwinds with a renewed focus on affordability and local ingredient integration. As the country recovers from currency volatility and inflationary pressure, consumers are increasingly gravitating toward low-cost, high-value snack options that are embedded in local food traditions. Rice-based products such as “murukku,” “konda kavum,” and “athirasa” are being reimagined in convenient packaging formats to meet the evolving needs of urban consumers. These legacy snacks offer familiarity and cultural relevance, allowing domestic manufacturers to maintain consumer trust in the face of global brand competition.
Government-led agri-value chain reforms are accelerating supply-side innovation. Programs under the Ministry of Agriculture that promote smallholder linkages to agro-processing clusters have enabled snack producers to source key inputs like cassava, peanuts, and coconut at stabilized prices. As logistics infrastructure improves – particularly with the expansion of provincial cold chain storage and rural roads – brands are widening their reach beyond Colombo into Tier-2 and Tier-3 towns. This realignment of sourcing and distribution is fueling the rise of domestically rooted snack brands that are both price-sensitive and quality-driven.
This report delivers a deep dive into the Sri Lanka snacks market, combining historical performance data from 2020 to 2024 with forward-looking projections through 2030. It uncovers critical insights into market size, growth rates, and key trends, providing a clear view of the industry’s evolution. By breaking down the market across product type and distribution channel, the report identifies actionable opportunities for stakeholders to drive growth and outperform competitors.
Market Segmentation
The segmentation of the Sri Lanka snacks market is outlined below:
Product type: confectionery (chocolate confectionery, gum, sugar confectionery), ice cream and frozen dessert (impulse ice creams, take-home ice creams), savory snacks (corn and tortilla chips, nuts and seeds, popcorn, potato chips, puffed snacks, savoury biscuits and crackers, others), snack bars, sweet biscuits (chocolate biscuits, cookies, plain biscuits, stuffed biscuits, wafers)
Distribution channel: e-commerce, hypermarkets, small grocery stores, supermarkets, others
The snacks market in the Sri Lanka is segmented by product type and distribution channel. By product type, the market features confectionery (chocolate confectionery, gum, sugar confectionery), ice cream and frozen dessert (impulse ice creams, take-home ice creams), savory snacks (corn and tortilla chips, nuts and seeds, popcorn, potato chips, puffed snacks, savoury biscuits and crackers, others), snack bars, and sweet biscuits (chocolate biscuits, cookies, plain biscuits, stuffed biscuits, wafers). Distribution channel segmentation comprises e-commerce, hypermarkets, small grocery stores, supermarkets, and others.
Competitive Landscape
Prominent companies operating within the market comprise Cargills (Ceylon) PLC, Ceylon Biscuits Limited, Ceylon Chocolates Limited, Ceylon Cold Stores PLC, Edna Group, Kellanova, Little Lion Associates (Pvt) Ltd, Maliban Biscuit Manufacturers Pvt. Ltd., Milco Private Limited and Uswatte Confectionary Works (Pvt) Ltd.
This report presents an extensive analysis of major entities in the snacks market, focusing on their performance from 2020 to 2024. 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
Market Segmentation
Market Overview
Sri Lanka Snacks Market – Product Type Analysis
Sri Lanka Snacks Market – Distribution Channel Analysis
Company Shares Analysis
Cargills (Ceylon) PLC
Ceylon Biscuits Limited
Ceylon Chocolates Limited
Ceylon Cold Stores PLC
Edna Group
Kellanova
Little Lion Associates (Pvt) Ltd
Maliban Biscuit Manufacturers Pvt. Ltd.
Milco Private Limited
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Sri Lanka Snacks Market 2020-2030
Chart Sri Lanka Snacks Market, Net Growth, 2020-2030
Chart Sri Lanka Snacks Market, Growth Rates, 2020-2030
Table Sri Lanka Snacks Market by Product Type, 2020-2030
Chart Sri Lanka Snacks Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Sri Lanka Snacks Market by Product Type, 2020-2030
Table Sri Lanka Snacks Market by Distribution Channel, 2020-2030
Chart Sri Lanka Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Sri Lanka Snacks Market by Distribution Channel, 2020-2030
Table Sri Lanka Snacks Market Share (%), by Companies, 2020-2024
Chart Sri Lanka Snacks Market, by Companies, 2024
Table Sri Lanka Snacks Market Share (%), by Brands, 2020-2024
Chart Sri Lanka Snacks Market, by Brands, 2024
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
Cargills (Ceylon) PLC
Ceylon Biscuits Limited
Ceylon Chocolates Limited
Ceylon Cold Stores PLC
Edna Group
Kellanova
Little Lion Associates (Pvt) Ltd
Maliban Biscuit Manufacturers Pvt. Ltd.
Milco Private Limited
Uswatte Confectionary Works (Pvt) Ltd.
$675.0
What's Inside?
→ Market Estimates, Forecasts & Historical Data
→ Critical Performance Data and Rankings
→ Emerging Trends, Market Changes
→ PDF Report and Excel Datasheet
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