Savory Snack Products Market - Trends Forecast (2022-2028)

Savory Snack Products Market by Product (Potato Chips, Extruded Snacks, Popcorn, Nuts & Seeds, Puffed Snacks, Tortillas), Flavor (Barbeque, Spice, Salty, Plain/Unflavored), Distribution Channel, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: March, 2022

Base Year Estimate: 2021

Report ID: D-FB-SSPM-1274

Format:  

Number of Pages: 384

Domain: Food & Beverages

Savory Snack Products Market – Trends Forecast (2022-2028)

The Savory Snack Products market size is projected to reach a CAGR of 5.3% from 2022 to 2028.

Savory snacks refers to snack food products which has a salty or spicy flavour rather than a sweet one. Various ingredients such as potato, raw banana, grains, vegetable oil. These are usually fried but healthier alternative which are baked are also launched in the market.

Recent trend of snacking along with the changed lifestyle are some of the factors that have supported long-term expansion for Savory Snack Products Market.

Savory Snack Products Market Research Report
COVID-19 had a negative effect on the market, as the supply and production slowed during the pandemic.

Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the availability of high quality raw ingredients in the region.

Savory Snack Products Market is segmented into Product, flavor, distribution channel and region.

On the basis of Product

  • Potato chips
  • Extruded snacks
  • Popcorn
  • Nuts & seeds
  • Puffed snacks
  • Tortillas
  • Other products (fruit & vegetable chips, and pretzels)             

On the basis of Flavor

  • Barbeque
  • Spice
  • Salty
  • Plain/unflavoured
  • Other flavors (cheese, butter, smoky and umami)

On the basis of Distribution Channel

  • Retail
  • Supermarkets & hypermarkets
  • Convenience stores
  • Online stores
  • Other retail stores ( forecourt retailers, discounters, independent small grocers, among others)
  • Foodservices

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Savory Snack Products Market Primary Respondent

 

Key Players

  • ConAgra Brands Inc.
  • General Mills Inc.
  • Mondelez International
  • ITC Limited
  • PepsiCo Inc.
  • The Kelloggs Company
  • Arca Continental
  • Calbee Foods Co Ltd.
  • Blue Diamonds Growers
  • Link Snacks Inc.

Recent Developments

  • In January 2022, Hain Celestial signed the acquisition of ParmCrisps with an aimto strengthen Hain’s position in the snacking category.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Savory Snack Products Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 5.3% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

Product, flavor, distribution channel and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

General Mills, ConAgra Foods, ITC Limited, The Kelloggs Company, and PepsiCo Inc.

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