The Global Pretzel Market size was valued at USD 3.94 Billion in 2022 and is expected to surpass USD 5.23 Billion by 2031, expanding at a CAGR of 3.2% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing consumption of pretzel in emerging economies.
Pretzel, a baked pastry, is made from dough usually in the shape of knot. A consumer has variety of pretzel choices, which distinguishes in shapes, flavors, and sizes. The traditional pretzel shape is symmetrically form, with a long dough roll intertwined in the end and then twisted back into shape.
Pretzel founded in Germany is originally a snack-food. It is sprinkled with salt and can be topped with sesame seed, poppy seed, or even cheese. The key to success of the market was the introduction of the new mass production methods, which increased the availability and quantity, opening up of multiple joints for distribution at convenience and grocery stores, and entertainment venues such as movie theaters and sport stadiums.
The COVID-19 pandemic had resulted in the supply chain disruption, which led to the delay in the production of pretzels. However, the relaxation in restrictions due to opening of entertainment centers and food outlets is expected to positively influence the market growth.
Market Trends, Drivers, Restraints, and Opportunities
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Changing lifestyle is expected to propel the market growth.
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Increasing preference for snacks among young population is anticipated to foster the growth of the market.
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Increasing competition with other healthy snacks can impede the market growth.
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Fluctuation in raw material prices can create challenges to the growth of the market.
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Growing investment in marketing to establish pretzel a global icon snack can creative lucrative opportunities for the market.
Scope of Pretzel Market Report
The report on the global pretzel market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Pretzel Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Salted and Unsalted), Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Food Specialty Stores, Online Channels, and Other Channels)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Pretzels Inc.; Mr. Pretzels; Campbell’s Soup Company; PepsiCo Inc.; and Focus Brand
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Pretzels Market Segment Insights
Salted segment is expected to account a large market share
Based on types, the market is divided into salted and unsalted. The salted segment is expected to hold a large market share during the forecast period owing to increasing consumption of healthy snacks among the young population. However, the unsalted segment is anticipated to hold a key share of the market in the coming years due to increasing number of flavors that can be produced through unsalted pretzels.
Food specialty store segment is projected to register a healthy CAGR
On the basis of distribution channels, the market is segregated into supermarkets/hypermarkets, convenience stores, food specialty stores, online channels, and other channels. The food specialty stores segment is projected to register a healthy CAGR during the forecast period owing to increasing production capabilities of pretzels in these stores. On the other hand, the supermarkets/hypermarkets segment is anticipated to account for a major market share during the forecast period on account of easy availability and presence of variety of pretzels.
Europe is anticipated to constitute a key market share
In terms of regions, the pretzels market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key market share during the projected period owing to prominent consumption of the snack in Germany, making pretzel an everyday snack meal. However, North America is anticipated to expand at a rapid pace during the forecast period owing to introduction of number of pretzel flavors in the US and Canada.
Segments
The pretzels market has been segmented on the basis of
Types
Distribution Channels
- Supermarkets/Hypermarkets
- Convenience Stores
- Food Specialty Stores
- Online Channels
- Other Channels
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the pretzels market are Pretzels Inc.; Mr. Pretzels; Campbell’s Soup Company; PepsiCo Inc.; and Focus Brands.
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In March 2021, Pretzels Inc. introduced Almond Butter Filling to expand its product’s portfolio.
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In October 2018, Pretzel Inc., a leading supplier of pretzels and extruded snack products, acquired an affiliate of Peak Rock Capital, a leading middle-market private equity firm.