Savory Snack Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Savory Snack Market Size- By Product, By Distribution Channel- Regional outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: FOOD2487 | Pages: 1 - 240 | Formats*: |
| Category : Food & Beverages | |||
Savory Snack Market Introduction and Overview
According to SPER Market Research, the Global Savory Snack Market is estimated to reach USD 455.92 billion by 2033 with a CAGR of 5.61%.
Savory snacks are a category of food products characterized by their salty, spicy, or umami flavours, which contrast with sweet snacks. These snacks are typically consumed between meals or as a light meal and include a wide variety of options such as chips, pretzels, popcorn, nuts, crackers, and savoury pastries. They are often enjoyed for their taste, crunchiness, and convenience. Savory snacks can be made from a range of ingredients including grains, potatoes, nuts, and legumes, and are frequently seasoned with spices, herbs, or flavours enhancers to achieve their distinctive taste profiles. While traditionally known for being high in sodium and fats, there is a growing trend toward healthier versions that offer lower sodium, reduced fat or added nutritional benefits, such as higher protein content or natural ingredients. These snacks cater to diverse consumer preferences, ranging from classic flavours to innovative and exotic combinations.
- August 2022; Lays sent off a superior potato chips range, Lays Connoisseur. In any case the send-off, the organization likewise uncovered a TVC film to advance and interestingly position its item among clients.
- June 2022; Day to-day Crunch, producer of Exceptionally Crunchy (TM) grew nut snacks and sent off two new flavours at the 2022 Summer Extravagant Food Show. The flavours included cinnamon java grew nut variety and Nashville hot grew almonds.
Market Opportunities and Challenges
Opportunities- A consistent expansion in the future and more prominent thoughtfulness regarding quality have been seen in the beyond couple of many years. Purchasers are turning out to be progressively worried about their well-being and are focusing harder on their ways of life and dietary propensities. As indicated by the World Wellbeing Association (WHO), undernutrition and explicit supplement lack keep on excess significant difficulties, with imbalanced weight control plans and persistent infections all the while turning out to be alarmingly normal. In addition, with increasing heftiness rates, a maturing populace, an expansion in stationary ways of life, and expanded shopper premium in well-being and nourishment, the interest in sound eating is likewise expanding across emerging nations. Lately, buyer mindfulness in regards to well-being, dietary improvement, calorie decrease, and food handling has developed, particularly in created nations and top-level salary gatherings of agricultural nations, as most would consider being normal to change the food and drink industry and lift the interest for sound bites.
Challenges- These negative well-being impacts connected to the fundamental parts of exquisite bites, like salt, sugar, vegetable oil, wheat, corn, and different flours, as well as substance-added substances and additives, offer a critical boundary to showcase development over the conjecture period. Successive eating adds additional calories to the body, which can cause stoutness and fast weight gain. Shifts in consumer preferences towards unique flavours, exotic ingredients, or plant-based options require companies to innovate constantly. Staying ahead of trends and understanding regional taste preferences is crucial. Economic downturns and fluctuations in disposable income can impact consumer spending on non-essential items like snacks. During tough economic times, consumers may prioritize essentials over discretionary purchases. There is growing pressure on companies to adopt sustainable practices, such as reducing packaging waste and sourcing ingredients responsibly.
Market Competitive Landscape
The Global Savory Snack Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Blue Diamond Growers, Calbee, Conagra Brands, Inc, General Mills, Inc., Hain Celestial, ITC Limited, Kraft Heinz Company, PepsiCo, and Grupo Bimbo.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Distribution Channel |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Blue Diamond Growers, Calbee, Conagra Brands, Inc, General Mills, Inc., Hain Celestial, ITC Limited, Kraft Heinz Company, PepsiCo, and Grupo Bimbo. |
COVID-19 Impact on Global Savory Snack Market
The Coronavirus episode made the pandemic fundamentally changed clients and pushed them to incorporate numerous solid nibbling choices. Thus, the pandemic emphatically affected the interest in nuts and seeds and meat snacks, among others. Additionally, numerous food makers have presented solid fixings in their flavourful nibble items, like high protein, low-fat, fibre, and low-sugar, among others. This has likewise assumed a fundamental part in drawing in the enthusiastic wellness populace. Numerous food producers have also presented natural and regular cycles in setting up the bites, which, thus, emphatically affected the development of the appetizing titbits market. The Coronavirus pandemic reasonably impacted the interest in appetizing snacks due to disturbances in supply chains. In any case, these impacts were impermanent and bit by bit decreased without considerably influencing the exquisite titbits market.
Key Target Audience:
- Young Adults and Millennials
- Health-Conscious Consumers
- Busy Professionals
- Families with Children
- Students
- Ethnic and Regional Groups
Our in-depth analysis of the Savory Snack Market includes the following segments:
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Key Topics Covered in the Report:
- Global Savory Snack Market Size (FY’2024-FY’2033)
- Overview of Global Savory Snack Market
- Segmentation of Global Savory Snack Market by Product (Potato Chips, Corn & Tortilla Chips, Nuts & Seeds, Popcorn, Pretzels, Others)
- Segmentation of Global Savory Snack Market by Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Online, Others)
- Statistical Snap of Global Savory Snack Market
- Expansion Analysis of Global Savory Snack Market
- Problems and Obstacles in Global Savory Snack Market
- Competitive Landscape in the Global Savory Snack Market
- Impact of COVID-19 and Demonetization on Global Savory Snack Market
- Details on Current Investment in Global Savory Snack Market
- Competitive Analysis of Global Savory Snack Market
- Prominent Players in the Global Savory Snack Market
- SWOT Analysis of Global Savory Snack Market
- Global Savory Snack Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Savory Snack Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Savory Snack Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Savory Snack Market
7. Global Savory Snack Market, By Product (USD Million) 2020-2033
7.1. Global Savory Snack Market Size, Share and Forecast, By Product, 2020-20267.2. Global Savory Snack Market Size, Share and Forecast, By Product, 2027-20337.3. Potato Chips7.4. Corn & Tortilla Chips7.5. Nuts & Seeds7.6. Popcorn7.7. Pretzels7.8. Others
8. Global Savory Snack Market, By Distribution Channel (USD Million) 2020-2033
8.1. Global Savory Snack Market Size, Share and Forecast, By Distribution Channel, 2020-20268.2. Global Savory Snack Market Size, Share and Forecast, By Distribution Channel, 2027-20338.3. Hypermarkets & Supermarkets8.4. Convenience Stores8.5. Online8.6. Others
9. Global Savory Snack Market Forecast, 2020-2033 (USD Million)
9.1. Global Savory Snack Market Size and Market Share
10. Global Savory Snack Market, By Region, 2020-2033 (USD Million)
10.1. Global Savory Snack Market Size and Market Share By Region (2020-2026)10.2. Global Savory Snack Market Size and Market Share By Region (2027-2033)10.3. Asia-Pacific10.3.1. Australia10.3.2. China10.4. Europe
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific10.4.1. France10.5. Middle East and Africa
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe10.5.1. Kingdom of Saudi Arabia10.6. North America
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle-East and Africa10.6.1. Canada10.7. Latin America
10.6.2. Mexico
10.6.3. United States10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. Blue Diamond Growers11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Calbee11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. Conagra Brands11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. General Mills, Inc11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Hain Celestial11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. ITC Limited11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Kraft Heinz Company11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. PepsiCo11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Grupo Bimbo11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Savory Snack Market is projected to reach USD 455.92 billion by 2033, growing at a CAGR of 5.61% during the forecast period.
Savory Snack Market grew in Market size from 2024. The Market is expected to reach USD 455.92 billion by 2033, at a CAGR of 5.61% during the forecast period.
Savory Snack Market CAGR of 5.61% during the forecast period.
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Savory Snack Market size is USD 455.92 billion from 2024 to 2033.
Savory Snack Market is covered By Product, By Distribution Channel
The North America is anticipated to have the highest Market share in the Savory Snack Market.
The key players in the Market include Companies Covered Blue Diamond Growers, Calbee, Conagra Brands, Inc, General Mills, Inc., Hain Celestial, ITC Limited, Kraft Heinz Company, PepsiCo, and Grupo Bimbo.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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