Market Insights Consumer Food Confectionery & Snacks

Snack Food - Cambodia

Cambodia

Revenue in the Snack Food market amounts to €142.00m in 2024. The market is expected to grow annually by 7.22% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€47,380m in 2024).
In relation to total population figures, per person revenues of €8.29 are generated in 2024.
In the Snack Food market, volume is expected to amount to 36.77m kg by 2029. The Snack Food market is expected to show a volume growth of 5.4% in 2025.
The average volume per person in the Snack Food market is expected to amount to 1.7kg in 2024.

Key regions: Japan, India, China, United Kingdom, South Korea

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Snack Food Market of Cambodia's Confectionery & Snacks Market is experiencing minimal growth due to a variety of factors such as low disposable income, limited product variety and competition from traditional snacks. However, the rising health consciousness among consumers and increasing availability of online purchasing options may drive future growth.

Customer preferences: As consumer awareness of health and wellness continues to grow in Cambodia, there has been an increasing demand for healthier snack options. This trend is driven by a desire for convenience and nutrition, with consumers seeking out products that are both tasty and nutritious. This has led to the emergence of new snack brands that cater to this demand, offering healthier alternatives made from natural ingredients and free from artificial additives. Additionally, the rise of e-commerce platforms has made it easier for consumers to access and purchase these healthier snack options, further fueling the growth of this market segment.

Trends in the market: In Cambodia, the Snack Food Market within the Confectionery & Snacks Market of The Food market is seeing a rise in demand for healthier snack options, with a focus on natural and organic ingredients. This trend is driven by a growing awareness of health and wellness, as well as increasing disposable income. As a result, companies are introducing new products and expanding their offerings to cater to this growing segment. This trend is expected to continue, with potential implications for industry stakeholders including increased competition and the need for innovation in product development and marketing strategies.

Local special circumstances: In Cambodia, the Snack Food Market of the Confectionery & Snacks Market within The Food market is heavily influenced by the country's unique cultural background. Cambodian cuisine is known for its bold flavors and use of local ingredients such as fish sauce, lemongrass, and chili peppers. This has led to a demand for locally-made snacks that reflect these distinct flavors. Additionally, Cambodia's growing tourism industry has created a demand for convenient and portable snack options, leading to a rise in the availability of packaged and ready-to-eat snacks. The country's relatively unregulated market also allows for a variety of innovative and often unconventional snacks to enter the market, catering to the adventurous taste buds of both locals and tourists.

Underlying macroeconomic factors: The Snack Food Market of the Confectionery & Snacks Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending power, trade policies, and economic stability. In Cambodia, the market is experiencing steady growth due to the country's improving economic health and increasing disposable income of its population. Additionally, the growing popularity of Western-style snacks and the expansion of modern retail outlets are driving the demand for snack foods in the country. However, fluctuations in global commodity prices and trade tensions between major economies can impact the availability and prices of raw materials, ultimately affecting market performance. Moreover, government policies and regulations related to food safety and labeling can also have a significant influence on consumer preferences and market growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.