Overview of Chinese Snack Food Market
China’s retail snack food market is forecast to reach $89.9 billion by 2023, up from $72.6 billion in 2019.1 This 5.5% CAGR exceeds the global retail snack market’s forecast CAGR of 3.9%, giving China a 44.1% share of the global market.2 China’s top selling snack categories are snack nuts, confectionary, small cakes/pies, ice cream, and biscuits (cookies)/crackers.4
Top Three Snacking Trends in China
For manufacturers looking to tap into China’s expanding snack food market, it’s important to understand what’s appealing to Chinese consumers right now. Here’s a look at three key trends in Chinese snacking:
1. Snack Cravings
In looking into what’s driving Chinese consumers to reach for snacks, Mintel found the top reason is to satisfy a craving, at 77%.5 This comes in ahead of reasons such as to satisfy hunger (59%), to refuel when exercising (57%), and to get additional nutrition (53%).6 For Chinese consumers ages 18 to 24, the percentage who eat snacks to satisfy a craving jumps to 82%.7 Snacks must appeal to consumers’ cravings, whether through sweet or salty craveable flavors or engaging textures.
2. Crunchy Textures
Texture preferences are known for varying widely based on culture and geography. In China, consumers are craving crunchy and crispy snacks. According to Mintel's research, most Chinese consumers (59%) think a crispy texture is ideal for biscuits/crackers.8 In addition, wafer biscuits (with their unique crispy texture) are becoming more popular, with 26% of Chinese consumers eating more wafer biscuits now than six months ago.9
3. Health-Focused
Healthy snacking is also on the rise, particularly due to concerns around COVID. FMCG Gurus reports that 91% of Chinese consumers plan to make greater efforts to eat and drink more healthily due to COVID.10 Furthermore, 59% will continue to seek out fortified/functional foods and beverages with added ingredients like protein, vitamins, or probiotics, and 44% plan to increase protein intake.11 The focus on protein can also help support healthy exercise habits, particularly since 70% of Chinese consumers plan to continue exercising more after COVID.12