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By 2023, the worldwide baked savory snacks industry had grown to a value of $46.60 billion. With a predicted CAGR of 7.37 percent from 2024 to 2031, the market is expected to expand from 49.33 billion USD to 75.93 billion USD. Demand for baked savory snacks is higher than expected across all regions compared to pre-epidemic levels, thanks to the unprecedented and staggering global COVID-19 pandemic.
Increases in both the availability of retail channels for snack distribution and consumers' preferences for healthier snack options are fueling the expansion of the worldwide baked savory snacks industry. The global baked savory snacks market is experiencing expansion due to the proliferation of retail space offering a wide range of items and the increased demand for these products from various online platforms that provide deals and discounts. The worldwide baked savory snacks industry is seeing slow growth due to customers' health concerns and their desire for fresh, healthy food. However, there will likely be a multitude of development potential over the projected period due to the leading competitors' increased investments in supplying healthier options with unique flavors.
The North American market for baked savory snacks is the largest regional market in the world. This is because there is a growing demand for snacks that are both tasty and healthy, while still maintaining their nutritional value. Additionally, there are a lot of high-income consumers in North America who like baked savory snacks because they are convenient. Contrarily, it is anticipated that the baked savory snacks market in Asia Pacific would experience the quickest CAGR over the projected timeframe. The rising middle classes in developing nations like India and China are consuming more and more Western food goods and ways of living, which is fueling this expansion. Adoption of the supported savory snacks is on the rise in the region, thanks to rising disposable incomes and rapidly evolving lifestyles. During the forecast period, these factors are expected to contribute to the expansion of the market in the area.
The rising demand for baked foods, as opposed to fried ones, is driving the market expansion. If you compare baked goods to their fried counterparts, you'll see that the former have less cholesterol. In addition, the high temperatures used to fry the food render them nutritionally useless. A dramatic change is occurring in people's eating habits due to the rising desire for nutritious food items.
These days, people are more interested in baked snacks that are excellent for them, since they can help them maintain a healthy lifestyle without sacrificing taste or convenience. Hence, compared to fried snacks, baked snacks are better for you. Plus, there are a lot of people who are ready to shell out extra cash for nutritious snack options. So, to fulfill the demand for baked savory snacks, manufacturers are focusing on launching new items. As an example, the nachos brand Cornitos added baked snacks to their lineup in January 2023. Flavorful and healthy beans, chickpeas, and potatoes are part of the new line.
The high price tag and lack of production facilities in developing nations contribute to the low market penetration of baked savory snacks as compared to snack replacement goods. Every day, the shopper buys freshly baked, unpackaged treats. As a result, they shun baked goods sold in packaging. Many different brands of baked goods make bold claims about how healthy and nourishing their products are. On the other hand, there is mounting evidence linking these products' use to the epidemics of obesity and chronic diseases including cancer and heart disease.
Baked savory snack goods have seen a decline in sales due to this cause. The production of essential bakery ingredients is highly climate-dependent, which in turn causes price fluctuations in baked savory snacks. Price swings and low returns on investment could result from changes in crop output and quality caused by climate change, excessive heat, high rainfall, floods, and other extreme weather events. Consequently, raw material price fluctuations and poor market penetration in underdeveloped nations are limiting factors in the market's expansion.
Report Coverage
Global Baked Savory Snacks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Baked Savory Snacks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Baked Savory Snacks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Baked Savory Snacks market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Baked Savory Snacks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Baked Savory Snacks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Mills Inc. (U.S.), Kellogg's Company (U.S.), Orkla ASA (Norway), Consolidated Biscuit Co. Ltd (Malta), Europe Snacks (France), PepsiCo, Inc. (U.S.), Chaucer Foods Ltd. (U.K.), Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany), Hain Celestial (U.S.), Amplify Snack Brands Inc (U.S.).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Baked Savory Snacks market based on the below-mentioned segments:
Global Baked Savory Snacks Market, By Product
Baked Savory Biscuits
Baked Extruded Snacks
RTE (Ready-to-eat) Popcorn
Others
Global Baked Savory Snacks market, By Application
Household
Commercial
Global Baked Savory Snacks Market, By Distribution Channel
Supermarkets & Hypermarkets
Convenience Stores
Online Retail
Others
Global Baked Savory Snacks market, Regional Analysis
Increases in both the availability of retail channels for snack distribution and consumers' preferences for healthier snack options are fueling the expansion of the worldwide baked savory snacks industry. The global baked savory snacks market is experiencing expansion due to the proliferation of retail space offering a wide range of items and the increased demand for these products from various online platforms that provide deals and discounts. The worldwide baked savory snacks industry is seeing slow growth due to customers' health concerns and their desire for fresh, healthy food. However, there will likely be a multitude of development potential over the projected period due to the leading competitors' increased investments in supplying healthier options with unique flavors.
The North American market for baked savory snacks is the largest regional market in the world. This is because there is a growing demand for snacks that are both tasty and healthy, while still maintaining their nutritional value. Additionally, there are a lot of high-income consumers in North America who like baked savory snacks because they are convenient. Contrarily, it is anticipated that the baked savory snacks market in Asia Pacific would experience the quickest CAGR over the projected timeframe. The rising middle classes in developing nations like India and China are consuming more and more Western food goods and ways of living, which is fueling this expansion. Adoption of the supported savory snacks is on the rise in the region, thanks to rising disposable incomes and rapidly evolving lifestyles. During the forecast period, these factors are expected to contribute to the expansion of the market in the area.
The rising demand for baked foods, as opposed to fried ones, is driving the market expansion. If you compare baked goods to their fried counterparts, you'll see that the former have less cholesterol. In addition, the high temperatures used to fry the food render them nutritionally useless. A dramatic change is occurring in people's eating habits due to the rising desire for nutritious food items.
These days, people are more interested in baked snacks that are excellent for them, since they can help them maintain a healthy lifestyle without sacrificing taste or convenience. Hence, compared to fried snacks, baked snacks are better for you. Plus, there are a lot of people who are ready to shell out extra cash for nutritious snack options. So, to fulfill the demand for baked savory snacks, manufacturers are focusing on launching new items. As an example, the nachos brand Cornitos added baked snacks to their lineup in January 2023. Flavorful and healthy beans, chickpeas, and potatoes are part of the new line.
The high price tag and lack of production facilities in developing nations contribute to the low market penetration of baked savory snacks as compared to snack replacement goods. Every day, the shopper buys freshly baked, unpackaged treats. As a result, they shun baked goods sold in packaging. Many different brands of baked goods make bold claims about how healthy and nourishing their products are. On the other hand, there is mounting evidence linking these products' use to the epidemics of obesity and chronic diseases including cancer and heart disease.
Baked savory snack goods have seen a decline in sales due to this cause. The production of essential bakery ingredients is highly climate-dependent, which in turn causes price fluctuations in baked savory snacks. Price swings and low returns on investment could result from changes in crop output and quality caused by climate change, excessive heat, high rainfall, floods, and other extreme weather events. Consequently, raw material price fluctuations and poor market penetration in underdeveloped nations are limiting factors in the market's expansion.
Report Coverage
Global Baked Savory Snacks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Baked Savory Snacks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Baked Savory Snacks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Baked Savory Snacks market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | General Mills Inc. (U.S.), Kellogg's Company (U.S.), Orkla ASA (Norway), Consolidated Biscuit Co. Ltd (Malta), Europe Snacks (France), PepsiCo, Inc. (U.S.), Chaucer Foods Ltd. (U.K.), Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany), Hain Celestial (U.S.), Amplify Snack Brands Inc (U.S.). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Baked Savory Snacks Market from 2021 to 2031.
- Market Forecast for Baked Savory Snacks Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Baked Savory Snacks competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Baked Savory Snacks
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Baked Savory Snacks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Baked Savory Snacks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Mills Inc. (U.S.), Kellogg's Company (U.S.), Orkla ASA (Norway), Consolidated Biscuit Co. Ltd (Malta), Europe Snacks (France), PepsiCo, Inc. (U.S.), Chaucer Foods Ltd. (U.K.), Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany), Hain Celestial (U.S.), Amplify Snack Brands Inc (U.S.).
Primary Target Market
- Market Players of Baked Savory Snacks
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Baked Savory Snacks market based on the below-mentioned segments:
Global Baked Savory Snacks Market, By Product
Baked Savory Biscuits
Baked Extruded Snacks
RTE (Ready-to-eat) Popcorn
Others
Global Baked Savory Snacks market, By Application
Household
Commercial
Global Baked Savory Snacks Market, By Distribution Channel
Supermarkets & Hypermarkets
Convenience Stores
Online Retail
Others
Global Baked Savory Snacks market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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