Summary
Global Savory Snacks Market 2023-2027
The analyst has been monitoring the savory snacks market and is forecast to grow by $32.17 bn during 2022-2027, accelerating at a CAGR of 4.91% during the forecast period. Our report on the savory snacks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for convenience foods, expansion of organized retail and e-commerce channels, and introduction of new and innovative snack flavors.
The savory snacks market is segmented as below:
By Type
• Potato chips
• Extruded snacks
• Nuts and seeds
• Popcorn
• Others
By Distribution Channel
• Offline
• Online
By Geographical Landscape
• APAC
• North America
• Europe
• South America
• Middle East and Africa
This study identifies the rise in disposable income and changes in lifestyle as one of the prime reasons driving the savory snacks market growth during the next few years. Also, innovations in packaging and the growth of online retailing will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the savory snacks market covers the following areas:
• Savory snacks market sizing
• Savory snacks market forecast
• Savory snacks market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading savory snacks market vendors that include Anji Foodstuff Co. Ltd., Arca Continental SAB de CV, Blue Diamond Growers, Calbee Inc., Conagra Brands Inc., Corporativo Bimbo SA de CV, Fifty50 Foods LP, General Mills Inc., Intersnack Group GmbH and Co. KG, ITC Ltd., JG Summit Holdings Inc., Kellogg Co., Kikkoman Corp., Mondelez International Inc., Nestle SA, Parle Products Pvt. Ltd., PepsiCo Inc., The Hain Celestial Group Inc., The Kraft Heinz Co., and Unilever PLC. Also, the savory snacks market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
