The global savory snacks market size reached US$ 136.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 205.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2023-2032.
Savory snacks are food products that have a salty or spicy flavor instead of a sweet profile. They are manufactured using various ingredients such as vegetables, fruits, nuts, grains, vegetable oils and seasonings. They are rich in nutrients, minerals, vitamins and fibers. Usually consumed in-between meals in small quantities, the most prevalent variants include salted biscuits, potato and corn chips, popcorns, pretzels, meat snacks, nuts and seeds.
The growing food and beverage industry, along with an increasing preference for on-the-go snacking options, is one of the key factors driving the growth of the market. Owing to the changing lifestyles and hectic schedules of the working population, there has been a rise in the adoption of convenience food products such as savory snacks across the globe. Furthermore, owing to the growing consumer awareness for healthy snacking habits, manufacturers have introduced low-fat, gluten-free, organic, and protein-rich snacks, which are rapidly gaining popularity among consumers. The introduction of various meat-based snacks such as lean beef or turkey has also favored the market growth. Manufacturers are also offering a diversified product range to expand their consumer base and meet individual requirements in terms of flavor preferences and dietary needs. Factors such as rising disposable incomes and extensive research and development (R&D) activities to improve the production process and the quality of the product, along with convenient and attractive product packaging are also contributing to the growth of the market significantly.
2. What is the expected growth rate of the global savory snacks market during 2024-2032?
3. What has been the impact of COVID-19 on the global savory snacks market?
4. What are the key factors driving the global savory snacks market?
5. What is the breakup of the global savory snacks market based on the product?
6. What is the breakup of the global savory snacks market based on the category?
7. What is the breakup of the global savory snacks market based on the distribution channel?
8. What are the key regions in the global savory snacks market?
9. Who are the key players/companies in the global savory snacks market?
Savory snacks are food products that have a salty or spicy flavor instead of a sweet profile. They are manufactured using various ingredients such as vegetables, fruits, nuts, grains, vegetable oils and seasonings. They are rich in nutrients, minerals, vitamins and fibers. Usually consumed in-between meals in small quantities, the most prevalent variants include salted biscuits, potato and corn chips, popcorns, pretzels, meat snacks, nuts and seeds.
The growing food and beverage industry, along with an increasing preference for on-the-go snacking options, is one of the key factors driving the growth of the market. Owing to the changing lifestyles and hectic schedules of the working population, there has been a rise in the adoption of convenience food products such as savory snacks across the globe. Furthermore, owing to the growing consumer awareness for healthy snacking habits, manufacturers have introduced low-fat, gluten-free, organic, and protein-rich snacks, which are rapidly gaining popularity among consumers. The introduction of various meat-based snacks such as lean beef or turkey has also favored the market growth. Manufacturers are also offering a diversified product range to expand their consumer base and meet individual requirements in terms of flavor preferences and dietary needs. Factors such as rising disposable incomes and extensive research and development (R&D) activities to improve the production process and the quality of the product, along with convenient and attractive product packaging are also contributing to the growth of the market significantly.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global savory snacks market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, category, distribution channel and sales.Breakup by Product:
- Potato Chips
- Extruded Snacks
- Nuts and Seeds
- Popcorn
- Meat Snacks
- Others
Breakup by Category:
- Baked
- Fried
- Others
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Stores
- Convenience Stores
- Others
Breakup by Sales:
- Retail Sector
- Foodservice Sector
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The report has also analysed the competitive landscape of the market with some of the key players being Arca Continental, S. A. B. de C. V., Calbee, Inc., Conagra Brands, Inc., General Mills Inc., Hain Celestial Group, Inc., HALDIRAM FOODS INTERNATIONAL PVT. LTD, Intersnack Group, ITC Limited, Kellogg Company, Kraft Heinz Company, Lamb Weston Holdings, Inc, Premium Brands Holdings Corporation, and PepsiCo, Inc
Key Questions Answered in This Report
1. What was the size of the global savory snacks market in 2023?2. What is the expected growth rate of the global savory snacks market during 2024-2032?
3. What has been the impact of COVID-19 on the global savory snacks market?
4. What are the key factors driving the global savory snacks market?
5. What is the breakup of the global savory snacks market based on the product?
6. What is the breakup of the global savory snacks market based on the category?
7. What is the breakup of the global savory snacks market based on the distribution channel?
8. What are the key regions in the global savory snacks market?
9. Who are the key players/companies in the global savory snacks market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Savory Snacks Market
6 Market Breakup by Product
7 Market Breakup by Category
8 Market Breakup by Distribution Channel
9 Market Breakup by Sales
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Arca Continental
- S. A. B. de C. V.
- Calbee Inc.
- Conagra Brands Inc.
- General Mills Inc.
- Hain Celestial Group Inc.
- HALDIRAM FOODS INTERNATIONAL PVT. LTD
- Intersnack Group
- ITC Limited
- Kellogg Company
- Kraft Heinz Company
- Lamb Weston Holdings Inc
- Premium Brands Holdings Corporation
- PepsiCo Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 136 Billion |
| Forecasted Market Value ( USD | $ 205.3 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
