North American Savory Snacks Market 2020-2026

North American Savory Snacks Market Size, Share & Trends Analysis Report by Product (Extruded Snacks, Potato Chips, Nuts & Seeds, Meat Snacks, Popcorn, and Others), by Distribution Channel (Conventional Stores (Offline) and Online Retail), Forecast Period (2020-2026).

The North American savory snacks market is anticipated to grow at a CAGR of 3.8% during the forecast period. The savory snack market continues to grow in the North American region as the consumers continue to prioritize the portability, convenience, and indulgence offered by the savory snacks. The growth of savory snacks is driven by consumers, who want to be offered exotic products without minding the nutritional value, like potato chips, puffed snacks, or savory biscuits.

The North American savory snacks market is segmented based on product and distribution channels. Based on the product, the savory snacks market is segmented into extruded snacks, potato chips, nuts & seeds, meat snacks, popcorn, and others. The distribution channel segment includes conventional stores (offline) and online retail. Owing to their tailor-made approach; customized and specific products, the demands for healthier snacks have prompted enhanced sales in specialty stores/conventional stores (offline). Specialty stores also offer innovative varieties of savory snacks for indulgence.

Country-wise, the North America savory snacks market is bifurcated into the US and Canada. Canada is expected to perceive the highest growth rate in North America. The increasingly busy consumers continue to shift toward informal, on-the-go food, like chips and savory biscuits, that results in the growth of the savory snacks market. Among the Canadian population, savory snacks are the most consumed snacks by men, while women preferred fruit as a healthier option. This shows an opportunity for the manufacturer to innovate products, which are healthy and have high nutritional value.

The savory snacks industry in North America is highly diversified with the majority of the market share held by large-scale enterprises. The region is home to a large number of savory snacks market players including PepsiCo, Inc., Kraft Foods, McCain Foods, Ltd., Mondelez International, Inc., The Hersey Co., and The Hain Celestial Group, Inc. among others. The Frito Lay Corporation dominates the savory snack food sector, whereas, Chips/crisps and tortilla/corn chips are the two most popular snack selections of American consumers, with chips/crisps capturing the highest value sales.

Research Methodology

The market study of the North American savory snacks market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. North American Savory Snacks Market Research and Analysis by Product
2. North American Savory Snacks Market Research and Analysis by Distribution Channel

The Report Covers:

• Comprehensive research methodology of the North American savory snacks market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American savory snacks market.
• Insights about market determinants which are stimulating the North American savory snacks market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.