Opportunities in the North American Savory Snacks Sector: Analysis of Opportunities Offered by Countries in the Region

  • ID: 4410131
  • Report
  • Region: North America, United States
  • 105 pages
  • GlobalData
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FEATURED COMPANIES

  • ConAgra Foods Inc.
  • Direct Plus Food Group
  • Old Dutch Foods Inc.
  • PepsiCo
  • Snyder`s-Lance Inc.
  • The Kellogg Company
  • MORE
Opportunities in the North American Savory Snacks Sector: Analysis of Opportunities Offered by Countries in the Region

Summary

North America, with a value share of 37.6% in 2016, represented the largest market for savory snacks worldwide. The region is forecast to record a value CAGR of 5.2% during 2016-2021, driven by steady economic prospects and rising consumer confidence. The long working hours of millennials is a major factor fueling the snacking trend, as consumers forego meals in favor of a quick snack to save time.

Processed Snacks is the largest category, accounting for 42.8% of the overall savory snacks sector in 2016. Meat snacks are forecast to record the fastest value CAGR of 8.8% during 2016-2021, to reach US$6,631.4 Million by 2021. Due to an increasingly common desire to maximize protein consumption for health reasons, the consumption of meat based snacks is increasing.

Health & wellness (H&W) is high in the North American region as compared to the global level in the savory snacks sector, with H&W products accounting for 28.4% of total sector sales in 2016. The growing emphasis on healthy eating, combined with the high spending ability of North Americans is contributing to the demand for savory snacks with H&W attributes.

Hypermarkets & Supermarkets was the largest distribution channel, accounting for 56.2% of overall savory snacks sales in the region, followed by convenience stores, at 31.6% in 2016. At a country level, in the US and Canada, hypermarkets & supermarkets was the leading channel, while in Mexico, convenience stores led the market.

North America is moderately fragmented with the top five brands - Lay`s, Doritos, Cheetos, Pringles, and Planters - accounting for 25.5% value share in 2016. Private label held a value share of 10.5% in the overall savory snacks sector in the same year.

The report "Opportunities in the North American Savory Snacks Sector", brings together multiple data sources to provide a comprehensive overview of the North American savory snacks sector.

In particular, this report provides the following:
  • Market overview: Includes sector size, market size and growth analysis by markets.
  • Change in consumption: Provides a shift in the consumption of savory snacks by markets across different countries in the North American region.
  • Countries analysis: Provides risk-reward analysis of three countries in North America based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
  • Health & wellness analysis: Provides insights on the health & wellness products in terms of value and percentage share in the overall savory snacks sector during 2011-2021. The analysis includes key health & wellness attributes and consumer benefits driving the sales of savory snacks in 2016. It also covers the market share of leading companies offering savory snacks with health and wellness attributes in the same year.
  • Brand analysis: Provides an overview of leading brands in North America region, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the global savory snacks sector in 2016. It covers five distribution channels - hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, dollar stores, and others, includes cash & carries and warehouse clubs, and general retailers, department stores, and vending machines.
  • Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, pack type, closures, and outer types based on the volume sales (by pack units) of savory snacks.
Companies mentioned in this report: PepsiCo, Snyder`s-Lance, Inc., The Kellogg Company, The Kraft Heinz Company, ConAgra Foods, Inc., Grupo Bimbo, S.A.B. de C.V., Arca Continental, S.A.B. de C.V., Old Dutch, Foods, Inc., Direct Plus Food Group.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the North American Savory Snacks sector.

It includes analysis on the following:
  • Market overview: Includes sector size, market size and growth analysis by markets
  • Change in consumption: Provides a shift in the consumption of Savory Snacks by markets across different countries in the North American region.
  • Countries analysis: Provides Risk-Reward analysis of three countries in North America based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
  • Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Savory Snacks sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Savory Snacks in 2016. It also covers the market share of leading companies offering Savory Snacks with health and wellness attributes in the same year.
  • Brand Analysis: Provides an overview of leading brands in North America region, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the global Savory Snacks sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers, Dollar Stores and others that include - Cash & Carries and Warehouse Clubs, and General retailers, Department Stores, Vending machines, & Others
  • Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, pack type, closures, and outer types based on the volume sales (by pack units) of Savory Snacks.
Reasons to buy
  • Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ConAgra Foods Inc.
  • Direct Plus Food Group
  • Old Dutch Foods Inc.
  • PepsiCo
  • Snyder`s-Lance Inc.
  • The Kellogg Company
  • MORE
1. Executive summary

2. Market size and growth analysis (Regional analysis )
Market Size Analysis - North America compared to other regions
Growth analysis by region
Growth Analysis by Country
Growth Analysis by Market

3. Growth potential by countries in North America
Risk and reward analysis - Methodology
Risk and reward analysis - Opportunity scores

4. Market size and growth analysis
Overview - Value and volume growth analysis by country
Growth Contribution Analysis by Country
Share of savory snacks compared to other Food sectors
Change in consumption levels by country and savory snacks sectors
Per capita consumption and expenditure analysis

5. Country Profiles
US
Mexico
Canada

6. Success Stories

7. Company and Brand Analysis
Brand Share Analysis in the savory snacks sector
Leading brands in North American savory snacks sector
Private label penetration in the savory snacks sector

8. Health & Wellness Analysis
Health & Wellness Analysis - Overview
Health & Wellness market growth analysis by country
Health & Wellness Analysis - Key product attributes and consumer benefit

9. Key Distribution Channels
Leading Distribution channels by countries
Leading Distribution channels by markets

10. Key Packaging Formats
Growth analysis by key packaging material and container type
Growth analysis by closure type and outers

11. Challenges and Future Outlook
Key challenges
Future Outlook

12. Appendix

List of Tables
Regional comparison: Market size, growth, and per capita analysis, 2016-2021
Value share of savory snacks sector as a proportion of overall food by country, 2016
Change in consumption levels by country and savory snacks sectors
Brand Share Analysis in the savory snacks sector
Private Label penetration in the savory snacks sector
Health & Wellness Analysis - Overview
Health & Wellness Analysis - Key product attributes and consumer benefits
Leading Health & Wellness companies by market share
Leading Distribution Channels in North America by countries, 2016
Leading Distribution Channels in North America region by markets, 2016

List of Figures
Annual value growth analysis by region (2016-2021)
Annual volume growth analysis by region (2016-2021)
Value and volume growth analysis by country (2016-2021)
Growth analysis by market (2016-2021)
Country level contribution to the growth of savory snacks markets in North America, 2016-2021
Value share of savory snacks sector as a proportion of overall food by country, 2016
US - Demographic Analysis
Mexico- Demographic Analysis
Canada- Demographic Analysis
Leading companies in the North American savory snacks Sector by value sales (US$ million), 2016
Leading Brands (including Private label) in the North American savory snacks Sector by value sales (US$ million), 2016
Country level contribution to the growth of H&W Market in North America, 2016-2021
H&W Attribute share of North American countries (2016)
Key Packaging Material volume (units) share, 2016 , Unit volume growth by packaging material (2011-2021)
Key Container Type volume (units) share, 2016 , Unit volume growth by container type (2011-2021)
Key closure type volume (units) share, 2016, Unit volume growth by closure type (2011-2021)
Key outers volume (units) share, 2016 , Unit volume growth by outers (2011-2021)
Note: Product cover images may vary from those shown
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  • PepsiCo
  • Snyder`s-Lance Inc.
  • The Kellogg Company
  • The Kraft Heinz Company
  • ConAgra Foods Inc.
  • Grupo Bimbo S.A.B. de C.V.
  • Arca Continental S.A.B. de C.V.
  • Old Dutch Foods Inc.
  • Direct Plus Food Group
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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