Fueled by the increasing demand for convenient and indulgent treats, companies within this sector strategically respond to evolving consumer preferences and market trends. To adapt to these dynamics, businesses often pursue partnerships, collaborations, and acquisitions to diversify their snack portfolios, introduce innovative flavors, and extend their global market reach. Cross-border mergers and acquisitions (M&A) are common strategies, allowing companies to enter new markets, cater to regional tastes, and enhance their product offerings. The sector is significantly influenced by shifting consumer lifestyles, a growing emphasis on healthier snack options, and the rising popularity of ethnic and gourmet flavors. Within this dynamic context, strategic decisions related to partnerships and acquisitions play a crucial role in shaping companies' market positions, driving product innovation, and addressing challenges such as sustainability and meeting the diverse snacking preferences of consumers in the global savory and sweet snacks sector. Key consolidators include but are not limited to Grupo Bimbo, Campbell’s, General Mills, Hain Celestial, Intersnack Group, Kellanova, Modelez International, PepsiCo, Unichips, and Utz Brands.