All updated as on -
From 2023 to 2030, the worldwide market for savory snacks is projected to rise from 2022's USD 250.25 billion at a CAGR of 5.9%. Manufacturers are responding to the "curious consumer" trend by releasing healthier savory snack options, as shoppers show an increased interest in trying new foods. Consumers are increasingly opting for more versatile, light, and convenient snacking options in place of main meals as a result of rising urbanization and hectic lifestyles.
Major drivers of the savory snacks market expansion include the expanding food and beverage industry and the rising need for convenient, portable snacks. Other important factors acting as savory snacks market growth determinants in the forecast period of 2022-2029 include the changing lifestyles and hectic schedules of the working population, growing consumer pro-activity towards health problems due to consumption of inorganic food, and a rise in the adoption of convenience food products like savory snacks. In addition, the leading competitors have released low-fat, gluten-free, organic, and protein-rich snacks, which are expected to boost the overall expansion of the market. Growth in the market is expected to be restrained by factors such as nutrient level labeling and food authorizations criteria between 2022 and 2029.
A couple of new market tendencies have arisen in response to the COVID-19 pandemic regulations. Snack sales rose for major companies like PepsiCo and Mondel"z International as housebound consumers munched more frequently. Nine out of ten Europeans surveyed by Harris Poll 2021 reported snacking as often or more frequently than they did five years earlier. This may be attributable to the growing popularity of remote work in Europe and Russia. These elements should help the savory snack industry expand.
The 2020 State of nibbling report from Mondel"z International found that during the pandemic, nibbling became a source of comfort and a way to break up the monotony of quarantine for 88% of people. Many businesses decided to make the transition to digital and start D2C e-commerce platforms after the COVID-19 epidemic opened up new prospects online.
In May of 2020, for instance, PepsiCo established two DTC websites in the United States, Pantryshop.com and Snacks.com, where customers may buy a wide range of the company's products. More than a hundred different Frito-Lay snacks, including Lay's, Tostitos, Cheetos, and Ruffles, as well as dips, crackers, and nuts, are available for online purchase through Snacks.com. The market could benefit from such actions taken by dominant businesses.
Savory snack product sales in the retail sector are among the highest in the world. The United States, Canada, the United Kingdom, France, Australia, and other major developed regions all have extensive networks of supermarkets and hypermarkets that serve the vast majority of their respective populations. Supermarket and hypermarket chains with significant pockets are expanding their presence in various emerging regions, including India, China, and Brazil.
There is a significant barrier to the expansion of the savory snack food industry due to the negative health effects connected with the use of several of the essential components, such as wheat, corn, and other flours, vegetable oil, salt, sugar, artificial additives, and preservatives. Consuming a lot of snack foods might cause rapid weight gain and obesity due to the high calorie content of these foods. Statistics from the Centers for Disease Control and Prevention (CDC) show that in 2017–2018, 42.4% of American adults were overweight or obese. The global industry for savory snack products faces competition from alternatives as a result of these significant health problems.
Within the aforementioned projection period, the savory snacks market will offer different profitable opportunities because to the convenient and appealing packaging of products and the substantial research and development activities aimed at improving the production process and the quality of the product. A key impediment to the expansion of the market could come from the rising demand for "healthier" snacks, which are those with lower fat and sodium content.
This report analyzes 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, geographi This report analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and domini If you're interested in learning more about the savory snacks industry, our experts at Data Bridge industry Research would be happy to provide you with an Analyst Brief.
Report Coverage
Global 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 Savory Snacks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and 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 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 Savory Snacks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, 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
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.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Savory Snacks market based on the below-mentioned segments:
Global Savory Snacks Market, By Product
Potato chips
Extruded snacks
Popcorn
Nuts & seeds
Puffed snacks
Tortillas
Other products (Fruit & Vegetable Chips, and Pretzels)
Global Savory Snacks market, By Flavor
Barbeque
Spice
Salty
Plain/Unflavoured
Other Flavors (Cheese, Butter, Smoky and Umami)
Global Savory Snacks Market, By Distribution Channel
Retail
Foodservices
Global Savory Snacks market, Regional Analysis
Major drivers of the savory snacks market expansion include the expanding food and beverage industry and the rising need for convenient, portable snacks. Other important factors acting as savory snacks market growth determinants in the forecast period of 2022-2029 include the changing lifestyles and hectic schedules of the working population, growing consumer pro-activity towards health problems due to consumption of inorganic food, and a rise in the adoption of convenience food products like savory snacks. In addition, the leading competitors have released low-fat, gluten-free, organic, and protein-rich snacks, which are expected to boost the overall expansion of the market. Growth in the market is expected to be restrained by factors such as nutrient level labeling and food authorizations criteria between 2022 and 2029.
A couple of new market tendencies have arisen in response to the COVID-19 pandemic regulations. Snack sales rose for major companies like PepsiCo and Mondel"z International as housebound consumers munched more frequently. Nine out of ten Europeans surveyed by Harris Poll 2021 reported snacking as often or more frequently than they did five years earlier. This may be attributable to the growing popularity of remote work in Europe and Russia. These elements should help the savory snack industry expand.
The 2020 State of nibbling report from Mondel"z International found that during the pandemic, nibbling became a source of comfort and a way to break up the monotony of quarantine for 88% of people. Many businesses decided to make the transition to digital and start D2C e-commerce platforms after the COVID-19 epidemic opened up new prospects online.
In May of 2020, for instance, PepsiCo established two DTC websites in the United States, Pantryshop.com and Snacks.com, where customers may buy a wide range of the company's products. More than a hundred different Frito-Lay snacks, including Lay's, Tostitos, Cheetos, and Ruffles, as well as dips, crackers, and nuts, are available for online purchase through Snacks.com. The market could benefit from such actions taken by dominant businesses.
Savory snack product sales in the retail sector are among the highest in the world. The United States, Canada, the United Kingdom, France, Australia, and other major developed regions all have extensive networks of supermarkets and hypermarkets that serve the vast majority of their respective populations. Supermarket and hypermarket chains with significant pockets are expanding their presence in various emerging regions, including India, China, and Brazil.
There is a significant barrier to the expansion of the savory snack food industry due to the negative health effects connected with the use of several of the essential components, such as wheat, corn, and other flours, vegetable oil, salt, sugar, artificial additives, and preservatives. Consuming a lot of snack foods might cause rapid weight gain and obesity due to the high calorie content of these foods. Statistics from the Centers for Disease Control and Prevention (CDC) show that in 2017–2018, 42.4% of American adults were overweight or obese. The global industry for savory snack products faces competition from alternatives as a result of these significant health problems.
Within the aforementioned projection period, the savory snacks market will offer different profitable opportunities because to the convenient and appealing packaging of products and the substantial research and development activities aimed at improving the production process and the quality of the product. A key impediment to the expansion of the market could come from the rising demand for "healthier" snacks, which are those with lower fat and sodium content.
This report analyzes 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, geographi This report analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and domini If you're interested in learning more about the savory snacks industry, our experts at Data Bridge industry Research would be happy to provide you with an Analyst Brief.
Report Coverage
Global 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 Savory Snacks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and 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 Savory Snacks market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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. |
| 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 Savory Snacks Market from 2021 to 2030.
- Market Forecast for Savory Snacks Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Savory Snacks competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Savory Snacks
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Savory Snacks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, 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
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.
Primary Target Market
- Market Players of 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 2030. INFINITIVE DATA EXPERT has segmented the global Savory Snacks market based on the below-mentioned segments:
Global Savory Snacks Market, By Product
Potato chips
Extruded snacks
Popcorn
Nuts & seeds
Puffed snacks
Tortillas
Other products (Fruit & Vegetable Chips, and Pretzels)
Global Savory Snacks market, By Flavor
Barbeque
Spice
Salty
Plain/Unflavoured
Other Flavors (Cheese, Butter, Smoky and Umami)
Global Savory Snacks Market, By Distribution Channel
Retail
Foodservices
Global 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
About This Research
You will get in-depth and extensive savory snacks market market research and competitor analysis for your business to help you develop more profound insights into the savory snacks market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the savory snacks market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.