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Savory Snacks Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026

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    Report

  • 206 Pages
  • November 2022
  • Region: Global
  • GlobalData
  • ID: 5706837
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The global savory snacks sector was valued at $177 billion in 2021 and is forecast to record a CAGR of 5.3% during 2021-26, to reach $229.3 billion in 2026. The Asia-Pacific represented the largest region in 2021, with a value share of 38.5%, followed by the Americas with 38%. In 2021, processed snacks was the largest category, accounting for 30.7% share of overall value sales. Middle East & Africa savory snacks market is forecast to grow at the fastest value CAGR of 10.2% during 2021-26. The popcorn category is forecast to record the fastest CAGR, followed by nuts & seeds and ethnic/traditional snacks. The top five companies in the global savory snacks sector together accounted for a value share of 28.8% in 2021. The sector was led by PepsiCo Inc., which held a share of 22.3%, followed by Intersnack Group GmbH & Co. KG, The Kellogg Company with 2% and 1.9% shares, respectively. Want Want China Holdings Limited, and ConAgra Brands Inc., accounted for value shares of 1.3% each, in 2021. Private labels accounted for a value share of 6.4% in 2021.

Consumers across the world are seeking savory snack with claims to offer certain health benefits. The harmful impact of preservative used in savory snacks are alarming consumers worldwide, influencing them to choose products made using natural ingredients. In addition, the heightened consumer-awareness about the impact of high cholesterol/calorie on wellbeing is driving the demand for savory snacks with free-from claims. The growing desire for healthy diet will continue to nudge consumers to purchase savory snacks with health claims. Consumers are often seeking savory snack with “free from' tags, such as non-GMO, gluten-free, or vegan, which they perceive to be safe.

This report brings together multiple data sources to provide a comprehensive overview of the global savory snacks sector. It includes analysis on the following:

  • Sector overview: Provides an overview of current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East & Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, latest developments, and future challenges for each region
  • Change in consumption: Provides a shift in the consumption of savory snacks over 2016-26 at global and regional levels
  • High-potential countries: Provides risk-reward analysis of the top four high-potential countries in each region based on market assessment, economic development, governance indicators,
sociodemographic factors, and technological infrastructure.
  • Country and regional analysis: Provides deep-dive analysis of 10 high-potential countries covering value growth during 2021-26, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for each region
  • Health & wellness analysis: Provides insights on health & wellness products in terms of value and percentage share in the overall savory snacks sector at a global and regional level during 2016-21. The analysis includes key health & wellness attributes and consumer benefits driving sales savory snacks across the five regions in 2021 It also covers the market shares of leading companies offering savory snacks with health and wellness attributes
  • Competitive landscape: Provides an overview of leading brands at a global and regional level, besides analyzing the product profile, country-level presence, market share, and growth of private labels in each region
  • Key distribution channels: Provides analysis on the leading distribution channels in the global savory snacks sector in 2021. It covers “dollar stores', variety stores & general merchandise retailers, cash & carries & warehouse clubs, convenience stores, department stores, e-retailers, food & drinks specialists, hypermarkets & supermarkets, vending machine, drug stores & pharmacies, and others
  • Preferred packaging formats: The report provides percentage share (in 2021) and growth analysis (during 2021-26) for various pack materials, pack types, closures, and primary outer types based on volume sales of savory snacks

Scope

  • Provides an overview of current industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging
  • The analysis also covers regional overview across five regions - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions

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

Table of Contents

  • Executive Summary
Part 1: Sector Overview
  • Current Scenario and Future Outlook
  • Global Savory Snacks Sector Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
  • Regional Savory Snacks Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
  • Key Challenges in the Global Savory Snacks Sector
Part 2: Shift in Food Consumption Patterns
  • Change in Consumption Levels in the Overall Food Industry, 2016-26
  • Reasons for Shift in Consumption Patterns
Part 3: Identifying High-Potential Countries
  • Analysis of 10 Countries on the Basis of Risk-Reward Analysis (Market Assessment, Economic Development,
  • Sociodemographic Factors, Governance Indicators, and Technological Infrastructure)
Part 4: Country Deep-Dive Analysis
  • High-Potential Country Analysis
  • Future Outlook
Part 5: Health & Wellness Analysis
  • Value Share Analysis of Health & Wellness Market
  • Health & Wellness Market Growth Analysis by Region
  • Key Product Attributes
  • Key Consumer Benefits
  • Leading Health & Wellness Companies by Category
Part 6: Competitive Landscape
  • Leading Companies by Value - Global
  • Leading Companies and Brands Share Analysis - Global
  • Leading Companies and Brands Share Analysis by Region
Part 7: Competitive Landscape - Market Analysis
Part 8: Market Share of Private Label
  • Private Label Share Analysis by Region
  • Private Label Share Analysis by Category
Part 9: Key Distribution Channels
  • Share of Key Distribution Channels - Global and Regional Level
Part 10: Key Packaging Formats
  • Growth Analysis by Key Pack Material and Pack Type
  • Growth Analysis by Closure Type and Primary Outer Type
  • Appendix
  • Definitions
  • About the Publisher
List of Tables
  • Key categories by value and volume, 2016-26 - Global
  • Key categories by value and volume, 2016-26 - Asia-Pacific
  • Key categories by value and volume, 2016-26 - Middle East & Africa
  • Key categories by value and volume, 2016-26 - Americas
  • Key categories by value and volume, 2016-26 - Western Europe
  • Key categories by value and volume, 2016-26 - Eastern Europe
  • New Zealand: Category share
  • New Zealand: Demographic analysis*
  • New Zealand: Volume growth analysis of top 10 cities
  • China: Category share
  • China: Demographic analysis*
  • China: Volume growth analysis of top 10 cities
  • Canada: Category share
  • Canada: Demographic analysis*
  • Canada: Volume growth analysis of top 10 cities
  • Chile: Category share
  • Chile: Demographic analysis*
  • Chile: Volume growth analysis of top three cities
  • Sweden: Category share
  • Sweden: Demographic analysis*
  • Sweden: Volume growth analysis of top four cities
  • The UK: Category share
  • The UK: Demographic analysis*
  • The UK: Volume growth analysis of top 10 cities
  • Germany: Category share
  • Germany: Demographic analysis*
  • Germany: Volume growth analysis of top 10 cities
  • Poland: Category share
  • Poland: Demographic analysis*
  • Poland: Volume growth analysis of top 10 cities
  • Turkey: Category share
  • Turkey: Demographic analysis*
  • Turkey: Volume growth analysis of top 10 cities
  • UAE: Category share
  • UAE: Demographic analysis*
  • UAE: Volume growth analysis of top 10 cities
  • Contribution of each region to the growth of H&W market, 2016-21
  • Leading companies in the global savory snacks sector (% share), 2021
  • Key pack material volume share (%), 2021
  • Annual volume growth by pack material (%), 2016-26
  • Key pack type volume share (%), 2021
  • Annual volume growth by pack type (%), 2016-26
  • Key closure type volume share (%), 2021
  • Annual volume growth by closure type (%), 2016-26
  • Key primary outer volume share (%), 2021
  • Annual volume growth by primary outer (%), 2016-26
List of Figures
  • Change in consumption levels in the overall food industry, 2016-26
  • Change in consumption levels in the overall food industry - Asia-Pacific, 2016-26
  • Change in consumption levels in the overall food industry - Middle East & Africa, 2016-26
  • Change in consumption levels in the overall food industry - The Americas, 2016-26
  • Change in consumption levels in the overall food industry - Western Europe, 2016-26
  • Change in consumption levels in the overall food industry - Eastern Europe, 2016-26
  • Identifying high-potential countries, risk-reward analysis - Asia-Pacific
  • Identifying high-potential countries, risk-reward analysis - Middle East & Africa
  • Identifying high-potential countries, risk-reward analysis - The Americas
  • Identifying high-potential countries, risk-reward analysis - Western Europe
  • Identifying high-potential countries, risk-reward analysis - Eastern Europe
  • New Zealand: Volume analysis of top 10 cities by category (million kg), 2021
  • China: Volume analysis of top 10 cities by category (million kg), 2021
  • Canada: Volume analysis of top 10 cities by category (million kg), 2021
  • Chile: Volume analysis of top three cities by category (million kg), 2021
  • Sweden: Volume analysis of top four cities by category (million kg), 2021
  • The UK: Volume analysis of top 10 cities by category (million kg), 2021
  • Germany: Volume analysis of top 10 cities by category (million kg), 2021
  • Poland: Volume analysis of top 10 cities by category (million kg), 2021
  • Turkey: Volume analysis of top 10 cities by category (million kg), 2021
  • UAE: Volume analysis of top FIVE cities by category (million kg), 2021
  • Health & wellness value and its share in overall sales, 2016-21
  • Health & wellness analysis - key product attributes by region, 2021
  • Health & wellness analysis - key consumer benefits by region, 2021
  • Leading health & wellness companies by category, 2021
  • Company and brand share analysis - Global
  • Company and brand share analysis - Asia-Pacific
  • Company and brand share analysis - Middle East & Africa
  • Company and brand share analysis - The Americas
  • Company and brand share analysis - Western Europe
  • Company and brand share analysis - Eastern Europe
  • Key brands - ethnic/traditional snacks, 2021
  • Key brands - meat snacks, 2021
  • Key brands - nuts & seeds, 2021
  • Key brands - popcorn, 2021
  • Key brands - potato chips, 2021
  • Key brands - pretzels, 2021
  • Key brands - processed snacks, 2021
  • Private label value and share by region, 2016-21
  • Private label value sales ($ million) and share (%) by category, 2021
  • Leading distribution channels by region (% share by value), 2021

Companies Mentioned

A selection of companies mentioned in this report includes:

  • PepsiCo Inc.
  • Intersnack Group GmbH & Co. KG
  • The Kellogg Company
  • Want Want China Holdings Limited
  • Conagra Brands Inc.
  • Campbell Soup Company
  • Link Snacks Inc.
  • Calbee Inc.
  • Three Squirrels Co Ltd
  • Haldiram's India Pvt Ltd