Global Savory Snacks Market, By Product (French Fries, Potato Chips, Extruded Snacks, Nuts and Seeds, Popcorn, Meat Snacks, Others), Flavor (Roasted/Toasted, Barbeque, Spice, Beef), Distribution Channel (Supermarket, Independent Retailers, Convenience Stores, Specialty Stores, Online Store, Service Station, Others), Category (Baked, Fried, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Savory Snacks Market
The savory snacks market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the savory snacks market will project a CAGR of 4.50% for the forecast period of 2022-2029.
Savory snacks are basically the food products which have either salty or spicy flavor instead of a sweet profile, and are made using various ingredients including nuts, grains, vegetables, fruits, vegetable oils and seasonings. These savory snacks are super rich in nutrients, vitamins, minerals and fibers.
The factors such as growing food and beverage industry coupled with an increasing preference for on-the-go snacking options are the major factors fostering the growth of the savory snacks market. Additionally, the changing lifestyles and hectic schedules of the working population, growing consumer pro-activeness towards health problems due to consumption of inorganic food and rise in the adoption of convenience food products such as savory snacks are other important factors acting as savory snacks market growth determinants in the forecast period of 2022 to 2029. Moreover, the growing consumer awareness for healthy snacking habits, the key players have introduced low-fat, gluten-free, organic and protein-rich snacks are estimated to accelerate the overall growth of the market. However, the factors such as nutrient level labeling and food authorizations criteria are supposed to hamper the market’s growth in the forecast period of 2022 to 2029.
The convenient and attractive product packaging and extensive research and development activities to improve the production process and the quality of the product will further generate various profitable opportunities for the savory snacks market within the above mentioned forecast period. However, increasing consumer preference for healthy snacks are increasing i.e., reduced fat and sodium content might also pose as a major challenge for the market growth rate.
This savory snacks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on savory snacks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Savory Snacks Market Scope and Market Size
The savory snacks market is segmented on the basis of product, flavor, distribution channel, and category. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the savory snacks market is segmented into french fries, potato chips, extruded snacks, nuts and seeds, popcorn, meat snacks and others.
- On the basis of flavor, the savory snacks market is segmented into roasted/toasted, barbeque, spice and beef.
- Based on distribution channel, the savory snacks market is segmented into supermarket, independent retailers, convenience stores, specialty stores, online store, service station and others.
- On the basis of category, the savory snacks market is segmented into baked, fried and others.
Savory Snacks Market Country Level Analysis
The savory snacks market is analyses and market size, volume information is provided by product, flavor, distribution channel, and category as referenced above.
The countries covered in the savory snacks market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the savory snacks market and will continue to flourish its trend of dominance during the forecast period owing to the presence of various key players in the region within the above mentioned forecast period. Europe, on the other hand is expected to show lucrative growth due to the consumers preferring savory snacks as instant energy booster instead of a whole meal in the region.
The country section of the savory snacks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Savory Snacks Market Share Analysis
The savory snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to savory snacks market.
Some of the major players operating in the savory snacks market report are Unilever, PepsiCo Inc, Frito-Lay North America, Inc., Parle Products Pvt. Ltd., Anji Foodstuff Co., Ltd., ITC Limited, Arca Continental SAB de CV, UNIVERSAL ROBINA CORPORATION, Kellogg’s Company., Fifty50 Foods, LP, The Kraft Heinz Company, Calbee., Conagra Brands, Inc., General Mills Inc., JFC International, Inc., Hain Celestial and Blue Diamond Growers among others.