Opportunities in the Global Savory Snacks Sector: Analysis of Opportunities Offered by High Growth Economies

  • ID: 4315737
  • Report
  • Region: Global
  • 166 pages
  • GlobalData
1 of 4

FEATURED COMPANIES

  • Amanoya
  • Bourbon Corporation
  • Calbee Inc.
  • ConAgra Foods
  • Kameda Seika Co.
  • PepsiCo
  • MORE
Opportunities in the Global Savory Snacks Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Savory Snacks sector was valued at US$96.6 Billion in 2016 and is forecast to record a CAGR of 6.0% during 2016-2021 to reach US$129.3 Billion by 2021. North America was the leading region in the global Savory Snacks sector with a value share of 37.6% in 2016 whilst Asia-Pacific is forecast to record the fastest value growth globally at a CAGR of 8.0% during 2016-2021. A growing population, rising urbanization rate, and improving economy will remain the primary macroeconomic factors driving the sector globally. Long working hours and consumers’ busy schedules will further contribute to the snackification trend as they snack more often than usual to get a quick energy boost. Processed Snacks was the leading market with a value share of 36.4% in 2016.

Share of Savory Snacks as a percentage of the global food industry is expected to increase during 2011-2021. All the regions, except the Middle East & Africa, will witness a gain in share during the same period. Fragmented meal times due to rising busy lifestyles across the regions will result in an increase in snacking occasions. Many consumers in the Middle East & Africa are altering their eating habits to include more dairy and bakery products in their daily routine, which will boost the share of the Dairy & Soy Food and Bakery & Cereals sectors compared to Savory Snacks in the region.

Top 10 high potential countries included Japan, China, the US, Mexico, Brazil, Colombia, the UK, France, Russia, and Turkey. The US is set to continue leading the global Savory Snacks sector, while China is forecast to record the fastest growth globally during 2016-2021. Russia is set to emerge as the fastest-growing market for Savory Snacks in the Eastern European region with a CAGR of 8.5% during 2016-2021. Brazil represented the largest market in Latin America, accounting for 48.3% of total value sales, while the UK represented the largest market in the Western European region with 33.7% value share in 2016.

Savory Snacks with Health & Wellness attributes accounted for 15.4% of the overall global sector sales in 2016, an increase over 14.7% in 2011. This can be attributed to the strong demand for low-fat snacking options, which manufacturers are offering to appeal to health-conscious consumers. Additionally, with increased focus on healthy ingredients such as hemp seed and flaxseed, which are a natural source of amino acids and omega-3, there is robust demand from time-pressed consumers who seek convenient but healthy snacking options during short-breaks or while on the move.

The overall share for private label products in the global Savory Snacks sector stood at 9.1%, valued at US$8.7 Billion in 2016, an increase from 8.7% in 2011. Western Europe had the highest value share for private label Savory Snacks with 18.4% of the total sales in 2016, followed by North America with a value share of 10.5%. Hypermarkets & Supermarkets was the leading distribution channel for the global Savory Snacks sector, with a value share of 52.2% in 2016, followed by Convenience Stores with 32.2% share. The large share of the Hypermarkets & Supermarkets channel in the distribution of Savory Snacks can be attributed to the developed organized retail industry in major countries, where most consumers prefer to buy Savory Snacks.

The report "Opportunities in the Global Savory Snacks Sector" brings together multiple data sources to provide a comprehensive overview of the global Savory Snacks sector.

In depth, this report provides the following:
  • Sector overview: Provides an overview of current sector scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging. The analysis also covers regional overview across six regions - Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region.
  • Change in consumption: Provides a shift in the consumption of Savory Snacks as compared to other major sectors such as Bakery & Cereals, Confectionery, Dairy & Soy Food, and Ice Cream during 2011-2021 at global and regional level.
  • High potential countries: Provides Risk-Reward analysis of top four high potential countries by region, based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
  • Country and regional analysis: Provides deep-dive analysis of 10 high potential countries across the regions covering value growth during 2016-2021, key challenges, consumer demographics, and key trends. It also includes regional analysis covering future outlook for the region.
  • Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Savory Snacks sector at global and regional level during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Savory Snacks products across the six regions in 2016. It also covers the market share of leading companies offering Savory Snacks products with Health & Wellness attributes in the same year.
  • Competitive landscape: Provides an overview of leading brands at global and regional level, besides analyzing the product profile, country level presence, market share, and growth of private labels in each region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the global Savory Snacks sector in 2016. It covers four distribution channels: Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, and Others, which includes Cash & Carries and Warehouse Clubs, ‘Dollar Stores’, Department Stores, e-Retailers, and General retailers.
Companies mentioned in this report: PepsiCo, Fujian Jinjiang Fuyuan Foodstuff Co, Orion Confectionery Co, Ltd, Golden Orchard Farmer (Beijing) Food Co., Ltd, Calbee Inc., Kameda Seika Co., Bourbon Corporation, Amanoya, Baby star snacks The Kellogg Company, The Kraft Heinz Company, ConAgra Foods, Arca Continental, S.A.B. de C.V.

Scope
  • The report provides an overview of global and regional markets covering - Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region. It also identifies top ten high potential countries and provides deep dive analysis of top two countries in each region (except MEA).
  • The report draws on the sector data by analyzing key distribution channels for Savory Snacks in the global market.
  • Sector data is also used for studying the level of competition in the sector by identifying the top brands at a global and regional level with insights on sector shares of private label products.
  • The report also includes insights on Health & Wellness products in terms of value and percentage share in the overall Savory Snacks sector at global and regional level during 2011-2021.
Reasons to buy
  • To have a thorough fact based analysis with information about the global Savory Snacks sector across the six regions in value terms and the underlying factors that are driving the sales
  • To gain confidence to make the correct business decisions based on a detailed analysis of the global Savory Snacks sector and to identify high potential countries over the next 5 years
  • The analysts have placed a significant emphasis on the mega trends that drive consumer choice and will provide a clear picture about the future opportunities that can be explored across the region, resulting in revenue expansion
  • To gain competitive intelligence about leading brands in the Savory Snacks sector at global and regional level with information about their sector share, business descriptions and product profiles
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Amanoya
  • Bourbon Corporation
  • Calbee Inc.
  • ConAgra Foods
  • Kameda Seika Co.
  • PepsiCo
  • MORE
Executive Summary
Sector Overview
Current scenario and future outlook
Global Savory Snacks sector overview - what are the growth drivers, latest developments, and future inhibitors
Regional Savory Snacks sector overview - what are the growth drivers, latest developments, and future inhibitors
Key challenges in the global Savory Snacks sector
Shift in food Consumption Patterns
Change in consumption levels in the overall food industry, 2011-2021
Reasons for shift in consumption patterns
Identifying high potential countries
Analysis of 10 countries on the basis of Risk-Reward analysis (market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure)
Analysis across regions - Asia-Pacific, North America, Latin America, Western Europe and Eastern Europe
High potential country analysis
Future outlook
Health & Wellness Analysis - Global and Regional Level
Case Studies
Competitive Landscape
Leading brands by region
Leading brands by market
Market Share of Private Label
Key Distribution Channels
Share of key distribution channels - global and regional level
Key Packaging Formats
Analysis on use of key packaging material, closure, and outer type
Appendix

List of Tables
Change in consumption levels in the overall food industry, 2011-2021
Change in consumption levels in the overall food industry - Asia-Pacific, 2011-2021
Change in consumption levels in the overall food industry - Middle East & Africa, 2011-2021
Change in consumption levels in the overall food industry - North America, 2011-2021
Change in consumption levels in the overall food industry - Latin America, 2011-2021
Change in consumption levels in the overall food industry - Western Europe, 2011-2021
Change in consumption levels in the overall food industry - Eastern Europe, 2011-2021
Identifying high potential countries, Risk-Reward analysis
Savory Snacks markets with % value share - China, 2016
Savory Snacks markets with % value share - Japan, 2016
Savory Snacks markets with % value share - The US, 2016
Savory Snacks markets with % value share - Mexico, 2016
Savory Snacks markets with % value share - Brazil, 2016
Savory Snacks markets with % value share - Colombia, 2016
Savory Snacks markets with % value share - The UK, 2016
Savory Snacks markets with % value share - France, 2016
Savory Snacks markets with % value share - Russia, 2016
Savory Snacks markets with % value share - Turkey, 2016
Health & Wellness value and its share in overall sales, 2011-2021
Health & Wellness Analysis - Key product attributes by region, 2016
Health & Wellness Analysis - Key consumer benefits by region, 2016
Leading Health & Wellness companies by market share, 2016
Key Brands - Ethnic/Traditional Snacks, 2016
Key Brands - Meat Snacks, 2016
Key Brands - Nuts and Seeds, 2016
Key Brands - Popcorn, 2016
Key Brands - Potato Chips, 2016
Key Brands - Processed Snacks, 2016
Key Brands - Pretzels, 2016
Private label value and share by region, 2011 - 2016
Private label value sales (US$ Million) and share (%) by market, 2016
Leading distribution channels by region (% share by value), 2016

List of Figures
Key markets by value (US$ Million), 2016 vs. 2021 - Global
Key markets by value (US$ Million), 2016 vs. 2021 - Asia-Pacific
Key markets by value (US$ Million), 2016 vs. 2021 - Middle East & Africa
Key markets by value (US$ Million), 2016 vs. 2021 - North America
Key markets by value (US$ Million), 2016 vs. 2021 - Latin America
Key markets by value (US$ Million), 2016 vs. 2021 - Western Europe
Key markets by value (US$ Million), 2016 vs. 2021 - Eastern Europe
Contribution of each region to the growth of H&W Market, 2016-2021
Key packaging material volume share (%), 2016
Annual volume growth by packaging material (%), 2011-2021
Key container type volume share (%), 2016
Annual volume growth by container type (%), 2011-2021
Key closure type volume share (%), 2016
Annual volume growth by closure type (%), 2011-2021
Key outer volume share (%), 2016
Annual volume growth by outer (%), 2011-
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • PepsiCo
  • Fujian Jinjiang Fuyuan Foodstuff Co
  • Orion Confectionery Co Ltd
  • Golden Orchard Farmer (Beijing) Food Co. Ltd
  • Calbee Inc.
  • Kameda Seika Co.
  • Bourbon Corporation
  • Amanoya
  • Baby star snacks The Kellogg Company
  • The Kraft Heinz Company
  • ConAgra Foods
  • Arca Continental S.A.B. de C.V
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll