Global Savory Snacks Market Dynamics
The global savory snacks market is largely driven by, changing lifestyles, food consumption habits; rise in disposable incomes and increasing food convenience. Mounting health concerns among consumers and food ingredient regulations by governments may restrain the market growth. The rising popularity of innovative products with different types of flavors and organic based savory products are market capturing opportunities.
Global Savory Snacks Market Segmentation
The various products include potato chips, extruded snacks, nuts, and seeds, traditional snacks, popcorn, pretzels, meat snacks, etc. Potato chips are highest in demand, followed by popcorn, traditional and nut snacks. The distribution channel is segmented into hypermarkets, supermarkets, convenience stores, departmental stores, specialty stores and online purchases.
The global savory snacks market is dominated by North America with XX% of total market share. It is followed by Europe (XX%), Asia Pacific (23%), South America (XX%) and Africa (XX%). In North America, the USA is the largest consumer of savory snacks. Europe is the second largest consumer of savory snacks with the U.K., France, Germany, Spain and Italy being the major consumers. China and India are not only the largest consumer market in the Asia-Pacific region but are also the fastest growing market for savory snacks globally. These countries are supported by their large population, rapid urbanization, and increasing disposable income.
Key Players in the Global Savory Snacks Market
There is high competition in the global savory snacks market as the market is highly fragmented. The top ten global players have only 16% share of the overall savory snacks market. The local and regional snacks manufacturers cater to area specific taste, which is very difficult for global players to capture. The entry for new players is easy because of the large number of alternatives in the same snacks category, low customer loyalty and high shifting habits in the market. Product launches of innovative flavors, organic and gluten-free products and mergers and acquisitions with local players have been the major business strategies for market growth.
The major players in market are:
Market analysis for the global savory snacks market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the market at both global and regional levels.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights into the major countries/regions where this industry is growing and identifying the regions which are still untapped.
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings
4. Market Dynamics
4.1.1 Changing Lifestyle and Food Consumption Habits
4.1.2 Demand through Improved Disposable Income and Food Convenience
4.2.1 Increasing Health Concern Among Consumers
4.2.2 High Level Food Ingredient Regulations by Government
4.3.1 Product Innovation and Offerings
4.3.2 Increased Demand from Developing Regions
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Product Types
5.1.1 Potato Chips
5.1.2 Extruded Snacks
5.1.3 Nuts and Seeds
5.1.4 Traditional Snacks
5.1.7 Meat Snacks
5.2 By Distribution Channel
5.2.1 Speciality Stores
5.2.2 Online Store
5.2.3 Super Markets/ Hyper Markets
5.2.4 Convinience Stores
5.2.5 Departmental Stores
5.3 By Geography
5.3.1 North America
5.3.4 South America
18.104.22.168 South Africa
6. Competitive Landscape
7. Company Profiles
7.1 Arca Continental
7.2 Blue Diamonds Growers
7.3 Calbee Foods Co Ltd.
7.4 ConAgra Foods Inc.
7.5 General Mills Inc
7.8 Intersnack Gmbh & Co
7.10 Kellogg Co.
7.11 Link Snacks Inc.
7.12 Mondelez International Inc.
7.13 Oberto Sausage
7.15 Universal Robina
7.16 Want Want Holdings Ltd
7.17 Snyder-Lance Inc