Industry Outlook of Crazy Snacks IPO
The global food market generated revenue of approximately $10.07 trillion in 2024.
The sector is projected to expand at a compound annual growth rate (CAGR) of 6.53% between 2024 and 2028.
Within the broader food market, confectionery and snacks represent the largest segment, with an estimated market size of $1.77 trillion.
The supermarket industry recorded growth from $1.635 trillion in 2023 to $1.769 trillion in 2024, reflecting a CAGR of 8.3% during the period.
Market expansion has been supported by changing consumer preferences, increasing urbanisation, and rising disposable incomes.
Demand for convenience-oriented products and the growing presence of private-label offerings have also contributed to industry growth.
The supermarket sector is projected to continue expanding over the coming years.
Industry estimates indicate that the market could reach approximately $2.405 trillion by 2028.
Growth projections suggest the sector may maintain a CAGR of around 8% through 2028, supported by ongoing shifts in consumption patterns and retail development.
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