1h Free Analyst Time
The Baked Savoury Snacks Market grew from USD 55.85 billion in 2023 to USD 58.80 billion in 2024. It is expected to continue growing at a CAGR of 5.40%, reaching USD 80.72 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The global market for baked savoury snacks is an expansive and dynamic segment within the broader snacks industry, characterized by products like crackers, pretzels, and oatcakes, which offer healthier alternatives to fried snacks. The essential need for these snacks stems from the increasing consumer demand for convenience foods that align with health trends, such as lower fat and sodium content, driving their application across various sectors including retail, hospitality, and convenience stores. The market's end-use scope extends to both individual consumption and institutional buyers like airlines and schools, underscoring a wide distribution network. Key growth factors are the rising awareness of healthy eating trends, increasingly busy lifestyles requiring on-the-go options, and innovative product formulations that cater to specific dietary needs, such as gluten-free and vegan offerings. Potential opportunities lie in expanding into untapped markets in emerging economies, leveraging online retail channels, and developing premium, artisanal products that appeal to discerning consumers. However, limitations include intense competition, high production costs, and fluctuation in raw material prices, while challenging factors encompass stringent regulatory environments concerning health claims and labeling. Innovations could focus on the incorporation of indigenous grains, plant-based proteins, and enhanced flavor profiles through natural herbs and spices, as well as advances in packaging technology to extend shelf life without preservatives. The market exhibits a nature of rapid development and adaptation, influenced by evolving consumer preferences and societal trends towards sustainability and well-being. Business growth may be achieved through strategic partnerships and collaborations with local suppliers, investment in R&D for groundbreaking flavor combinations, and an emphasis on sustainable practices to meet the growing ecological consciousness among consumers. With these dynamics in play, businesses can position themselves at the forefront of the baked savoury snacks market by aligning their strategies with consumer values and technological advancements.
Understanding Market Dynamics in the Baked Savoury Snacks Market
The Baked Savoury Snacks Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Increasing consumer preference for convenience foods due to busy lifestyles
- Rise in health awareness and demand for healthier snack options
- Supportive regulatory policies promoting healthier manufacturing practices regulations
- Market Restraints
- Problems posed by product recalls due to quality and safety issues
- Market Opportunities
- Ongoing research and development to diversify product offerings
- Expansion of retail distribution networks increasing the availability and penetration of baked savory snacks
- Market Challenges
- Product development and manufacturing complexities
Exploring Porter’s Five Forces for the Baked Savoury Snacks Market
Porter’s Five Forces framework further strengthens the insights of the Baked Savoury Snacks Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Baked Savoury Snacks Market
External macro-environmental factors deeply influence the performance of the Baked Savoury Snacks Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Baked Savoury Snacks Market
The Baked Savoury Snacks Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Baked Savoury Snacks Market
The Baked Savoury Snacks Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Baked Savoury Snacks Market
The Baked Savoury Snacks Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Baked Savoury Snacks Market, highlighting leading vendors and their innovative profiles. These include Calbee, Inc., Campbell Soup Company, Chaucer Foods Ltd., Conagra Brands, Inc., Consolidated Biscuit Co. Ltd., Cornitos, Diamond Foods, LLC, General Mills, Inc., Hain Celestial Group, Inc., Intersnack Group GmbH & Co. KG, ITC Limited, Kellogg Company, KETTLE Foods, Inc., Mondelez International, Inc., Orkla ASA, Parle Products Pvt. Ltd., PepsiCo, Inc., Savor Street Foods Inc., Snyder's-Lance, Inc., and The Kraft Heinz Company.Market Segmentation & Coverage
This research report categorizes the Baked Savoury Snacks Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Breadsticks
- Chips & Crisps
- Crackers
- Popcorn
- Pretzels
- Sales Channel
- Convenience Stores
- Online Stores
- Specialty Stores
- Supermarkets/Hypermarkets
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Additional Product Information:
- Purchase of this report includes 1 year online access with quarterly updates.
- This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Baked Savoury Snacks Market, by Product
7. Baked Savoury Snacks Market, by Sales Channel
8. Americas Baked Savoury Snacks Market
9. Asia-Pacific Baked Savoury Snacks Market
10. Europe, Middle East & Africa Baked Savoury Snacks Market
11. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Baked Savoury Snacks Market, which are profiled in this report, include:- Calbee, Inc.
- Campbell Soup Company
- Chaucer Foods Ltd.
- Conagra Brands, Inc.
- Consolidated Biscuit Co. Ltd.
- Cornitos
- Diamond Foods, LLC
- General Mills, Inc.
- Hain Celestial Group, Inc.
- Intersnack Group GmbH & Co. KG
- ITC Limited
- Kellogg Company
- KETTLE Foods, Inc.
- Mondelez International, Inc.
- Orkla ASA
- Parle Products Pvt. Ltd.
- PepsiCo, Inc.
- Savor Street Foods Inc.
- Snyder's-Lance, Inc.
- The Kraft Heinz Company
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 58.8 Billion |
| Forecasted Market Value ( USD | $ 80.72 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
