Asia-Pacific 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 Asia-Pacific savory snacks market is anticipated to grow at a CAGR of 10.0% during the forecast period. Asia-Pacific is one of the largest markets for savory snacks. Large population, rapid urbanization, and increasing middle-class population are the primary factors driving the growth of the savory snacks market. Additionally, rising premiumization and increasing health consciousness among consumers are driving the market growth. Moreover, growing awareness about the consumption of salt and fat intake is driving the demand for nuts and seeds in the region. Notably, in 2019, Asia-Pacific accounted for the largest share in the global savory snacks market. However, products in this market face a strong threat of substitution by other snack foods, confectionery, and beverages, largely because switching costs for buyers tend to below, and retailers are heavily influenced by the end consumer demand.
The Asia-Pacific 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. Potato chips sales accounted for the highest value in the Asia-Pacific savory snacks market in 2019. The distribution channel segment includes conventional stores (offline) and online retail.
The Asia-Pacific savory snacks market is studied across China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific. The market is dominated by China, which accounted for the highest market share in 2019. The increasingly growing number of people in China, with busy lifestyles and long work hours, has led to a reduction in the time available, which is gradually changing the customers’ consumption patterns to frequent snacking options.
The savory snacks market in the Asia-Pacific is dominated by large, often international players. Such companies have developed extensive product portfolios and back brands with large marketing and advertising budgets. Some of the largest players in the Asia Pacific, include The Three Squirrels, Balaji Wafers Pvt Ltd., ITC, Ltd. PepsiCo, Inc., Snack Brands Australia, Hefei Huatai Food Co., Ltd., KOIKE-YA, Inc., Prataap Snacks, Ltd. and Want Want China Holding, Ltd., among others.
Research Methodology
The market study of the Asia-Pacific 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:
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. Asia-Pacific Savory Snacks Market Research and Analysis by Product
2. Asia-Pacific Savory Snacks Market Research and Analysis by Distribution Channel
The Report Covers:
The Asia-Pacific savory snacks market is anticipated to grow at a CAGR of 10.0% during the forecast period. Asia-Pacific is one of the largest markets for savory snacks. Large population, rapid urbanization, and increasing middle-class population are the primary factors driving the growth of the savory snacks market. Additionally, rising premiumization and increasing health consciousness among consumers are driving the market growth. Moreover, growing awareness about the consumption of salt and fat intake is driving the demand for nuts and seeds in the region. Notably, in 2019, Asia-Pacific accounted for the largest share in the global savory snacks market. However, products in this market face a strong threat of substitution by other snack foods, confectionery, and beverages, largely because switching costs for buyers tend to below, and retailers are heavily influenced by the end consumer demand.
The Asia-Pacific 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. Potato chips sales accounted for the highest value in the Asia-Pacific savory snacks market in 2019. The distribution channel segment includes conventional stores (offline) and online retail.
The Asia-Pacific savory snacks market is studied across China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific. The market is dominated by China, which accounted for the highest market share in 2019. The increasingly growing number of people in China, with busy lifestyles and long work hours, has led to a reduction in the time available, which is gradually changing the customers’ consumption patterns to frequent snacking options.
The savory snacks market in the Asia-Pacific is dominated by large, often international players. Such companies have developed extensive product portfolios and back brands with large marketing and advertising budgets. Some of the largest players in the Asia Pacific, include The Three Squirrels, Balaji Wafers Pvt Ltd., ITC, Ltd. PepsiCo, Inc., Snack Brands Australia, Hefei Huatai Food Co., Ltd., KOIKE-YA, Inc., Prataap Snacks, Ltd. and Want Want China Holding, Ltd., among others.
Research Methodology
The market study of the Asia-Pacific 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. Asia-Pacific Savory Snacks Market Research and Analysis by Product
2. Asia-Pacific Savory Snacks Market Research and Analysis by Distribution Channel
The Report Covers:
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific savory snacks market.
- Insights about market determinants which are stimulating the Asia-Pacific savory snacks market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Balaji Wafers Pvt. Ltd.
- Bikaji Foods International, Ltd.
- Bestore Food Co., Ltd.
- Bombay Sweets & Co., Ltd.
- Calbee, Inc.
- DFM Foods, Ltd.
- Garudafood Putra Putri Jaya TBK
- Haldiram Foods International Pvt. Ltd.
- Hefei Huatai Food Co., Ltd.
- ITC, Ltd.
- Kameda Seika Co., Ltd.
- KOIKE-YA, Inc.
- PepsiCo, Inc.
- Prataap Snacks, Ltd.
- Snack Brands Australia
- The Three Squirrels
- Universal Robina Corp.
- Want Want China Holdings,Ltd.
