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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.
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:
Breakup by Category:
Breakup by Distribution Channel:
Breakup by Sales:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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
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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)|
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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