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Savory Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global savory snacks market reached a value of US$ 122.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 168.0 Billion by 2027, exhibiting a CAGR of 5.27% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Savory snacks are food products that have a salty or spicy flavor instead of a sweet profile. They are manufactured using various ingredients such as vegetables, fruits, nuts, grains, vegetable oils and seasonings. They are rich in nutrients, minerals, vitamins and fibers. Usually consumed in-between meals in small quantities, the most prevalent variants include salted biscuits, potato and corn chips, popcorns, pretzels, meat snacks, nuts and seeds.

The growing food and beverage industry, along with an increasing preference for on-the-go snacking options, is one of the key factors driving the growth of the market. Owing to the changing lifestyles and hectic schedules of the working population, there has been a rise in the adoption of convenience food products such as savory snacks across the globe. Furthermore, owing to the growing consumer awareness for healthy snacking habits, manufacturers have introduced low-fat, gluten-free, organic, and protein-rich snacks, which are rapidly gaining popularity among consumers. The introduction of various meat-based snacks such as lean beef or turkey has also favored the market growth. Manufacturers are also offering a diversified product range to expand their consumer base and meet individual requirements in terms of flavor preferences and dietary needs. Factors such as rising disposable incomes and extensive research and development (R&D) activities to improve the production process and the quality of the product, along with convenient and attractive product packaging are also contributing to the growth of the market significantly.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global savory snacks market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, category, distribution channel and sales.

Breakup by Product:

  • Potato Chips
  • Extruded Snacks
  • Nuts and Seeds
  • Popcorn
  • Meat Snacks
  • Others
     

Breakup by Category:

  • Baked
  • Fried
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Stores
  • Convenience Stores
  • Others
     

Breakup by Sales:

  • Retail Sector
  • Foodservice Sector
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Arca Continental, S. A. B. de C. V., Calbee, Inc., Conagra Brands, Inc., General Mills Inc., Hain Celestial Group, Inc., HALDIRAM FOODS INTERNATIONAL PVT. LTD, Intersnack Group, ITC Limited, Kellogg Company, Kraft Heinz Company, Lamb Weston Holdings, Inc, Premium Brands Holdings Corporation, and PepsiCo, Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Category, Distribution Channel, Sales, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arca Continental, S. A. B. de C. V., Calbee, Inc., Conagra Brands, Inc., General Mills Inc., Hain Celestial Group, Inc., HALDIRAM FOODS INTERNATIONAL PVT. LTD, Intersnack Group, ITC Limited, Kellogg Company, Kraft Heinz Company, Lamb Weston Holdings, Inc, Premium Brands Holdings Corporation, and PepsiCo, Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Savory Snacks Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product 
    6.1    Potato Chips
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Extruded Snacks
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Nuts and Seeds
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Popcorn
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Meat Snacks
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Category
    7.1    Baked
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fried
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Distribution Channel
    8.1    Supermarkets/Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Specialty Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Online Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Convenience Stores
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Sales
    9.1    Retail Sector
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Foodservice Sector
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Indicators
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Arca Continental, S. A. B. de C. V.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
        15.3.2    Calbee, Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials 
           15.3.2.4 SWOT Analysis
        15.3.3    Conagra Brands, Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials 
           15.3.3.4 SWOT Analysis
        15.3.4    General Mills Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials 
           15.3.4.4 SWOT Analysis
        15.3.5    Hain Celestial Group, Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials 
           15.3.5.4 SWOT Analysis
        15.3.6    HALDIRAM FOODS INTERNATIONAL PVT. LTD
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Intersnack Group
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
        15.3.8    ITC Limited
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials 
           15.3.8.4 SWOT Analysis
        15.3.9    Kellogg Company
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials 
           15.3.9.4 SWOT Analysis
        15.3.10    Kraft Heinz Company
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Lamb Weston Holdings, Inc
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials 
           15.3.11.4 SWOT Analysis
        15.3.12    Premium Brands Holdings Corporation
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
        15.3.13    PepsiCo, Inc.
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials 
           15.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Savory Snacks Market: Major Drivers and Challenges
Figure 2: Global: Savory Snacks Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Savory Snacks Market: Breakup by Product (in %), 2021
Figure 4: Global: Savory Snacks Market: Breakup by Category (in %), 2021
Figure 5: Global: Savory Snacks Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Savory Snacks Market: Breakup by Sales (in %), 2021
Figure 7: Global: Savory Snacks Market: Breakup by Region (in %), 2021
Figure 8: Global: Savory Snacks Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Savory Snacks (Potato Chips) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Savory Snacks (Potato Chips) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Savory Snacks (Extruded Snacks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Savory Snacks (Extruded Snacks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Savory Snacks (Nuts and Seeds) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Savory Snacks (Nuts and Seeds) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Savory Snacks (Popcorn) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Savory Snacks (Popcorn) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Savory Snacks (Meat Snacks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Savory Snacks (Meat Snacks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Savory Snacks (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Savory Snacks (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Savory Snacks (Baked) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Savory Snacks (Baked) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Savory Snacks (Fried) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Savory Snacks (Fried) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Savory Snacks (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Savory Snacks (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Savory Snacks (Supermarkets/Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Savory Snacks (Supermarkets/Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Savory Snacks (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Savory Snacks (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Savory Snacks (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Savory Snacks (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Savory Snacks (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Savory Snacks (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Savory Snacks (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Savory Snacks (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Savory Snacks (Retail Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Savory Snacks (Retail Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Savory Snacks (Foodservice Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Savory Snacks (Foodservice Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia Pacific: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia Pacific: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Savory Snacks Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Savory Snacks Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Savory Snacks Industry: SWOT Analysis
Figure 90: Global: Savory Snacks Industry: Value Chain Analysis
Figure 91: Global: Savory Snacks Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Savory Snacks Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Savory Snacks Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Savory Snacks Market Forecast: Breakup by Category (in Million US$), 2022-2027
Table 4: Global: Savory Snacks Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Savory Snacks Market Forecast: Breakup by Sales (in Million US$), 2022-2027
Table 6: Global: Savory Snacks Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Savory Snacks Market Structure
Table 8: Global: Savory Snacks Market: Key Players


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Key Questions Answered in This Report

The global savory snacks market was valued at US$ 122.9 Billion in 2021.

We expect the global savory snacks market to exhibit a CAGR of 5.27% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of savory snacks.

The growing popularity of on-the-go snacking options, such as savory snacks in low-fat, gluten-free, organic, and protein-rich variants, particularly among the health-conscious consumers, is primarily driving the global savory snacks market.

Based on the product, the global savory snacks market can be segmented into potato chips, extruded snacks, nuts and seeds, popcorn, meat snacks, and others. Currently, potato chips hold the majority of the total market share.

Based on the category, the global savory snacks market has been categorized into baked, fried, and others, where baked currently accounts for the largest market share.

 

Based on the distribution channel, the global savory snacks market can be divided into supermarkets/hypermarkets, specialty stores, online stores, convenience stores, and others. Among these, supermarkets/hypermarkets exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global savory snacks market include Arca Continental, S. A. B. de C. V., Calbee, Inc., Conagra Brands, Inc., General Mills Inc., Hain Celestial Group, Inc., HALDIRAM FOODS INTERNATIONAL PVT. LTD, Intersnack Group, ITC Limited, Kellogg Company, Kraft Heinz Company, Lamb Weston Holdings, Inc, Premium Brands Holdings Corporation, PepsiCo, Inc., etc.

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