Savory Snacks Market is predicted to reach USD 188.9 billion at a CAGR of 4.85% during the forecast period:

Savory Snacks Market is predicted to reach USD 188.9 billion at a CAGR of 4.85% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Savory Snacks Market” that contains information from 2018 to 2032. The Savory Snacks Market is estimated to register a CAGR of 4.85% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Savory Snacks Market — Kraft Heinz Company, PepsiCo, Diamond Foods LLC, CALBEE Inc., JACK Link’s LLC., Orkla ASA, Conagra Brands Inc., Intersnack Group GmbH & Co. KG, Kellogg Co., Mondelez International, Hain Celestial Group, Nestle SA, ITC Limited, and General Mills Inc.


Market Highlights


The global Savory Snacks Market is accounted to register a CAGR of 4.85% during the forecast period and is estimated to reach USD 188.9 billion by 2032.


The savory snacks market refers to the segment of the food industry that produces and sells various types of snacks that are typically characterized by their savory, salty, or umami flavors. These snacks are popular as quick, on-the-go options, as well as accompaniments to various occasions such as parties, movie nights, and gatherings. The market for savory snacks has been growing steadily over the years due to factors such as changing consumer preferences, busier lifestyles, and an increased emphasis on convenience.


Segment Analysis


The global Savory Snacks Market has been segmented based on Type, and Distribution Channel.


The Savory Snacks market segmentation, based on type, includes Potato Chips, Nuts & Seeds, Popcorn, and Others. The potato chips segment has the largest share in the savory snack market due to the development of new flavors and boiled potato chips that have medical advantages. These chips have fewer calories, less fat, and high potassium. The nuts & seeds segment is expected to grow at the fastest rate, which is a good source of protein, healthy fats, fibers, and vitamins.


The Savory Snacks market segmentation, based on distribution channels, includes Hypermarkets & Supermarkets, Convenience Stores, Online, and Others. The hypermarkets & supermarket distribution channels have the largest contribution to the market due to changing consumer preferences, and the attainability of a large range of products offered by varied branded and private labels in this format is expected to fuel the growth of the market. Online distribution is anticipated to increase at the highest rate, as it is changing the nature of snacking and is expected to rise as a proportion of snack category sales. The use of online purchases has profited many online retailers like Amazon, Walmart, and Target.


Regional Analysis


The global Savory Snacks Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American savory snacks market has the largest market share, owing to the availability of a few distinctive market players that offer different savory bites and enlarging the tendency of customers towards comfort food items. The growing awareness is rising demand for clean-label savory snacks, easy availability at the grocery stores, and the consumers changing habit to snacking in between the mealtime is fueling the market in the region. The US is the largest contributor to the North American savory snacks market. Further, major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe's Savory Snacks market accounts for the second-largest market share as the people here consume it on a variety of occasions, they prefer quick meals over full meals, and also the increasing health awareness among the population. Further, the UK Savory Snacks market held the largest market share, and the Spain Savory Snacks market was the fastest growing market in the European region.


The Asia-Pacific Savory Snacks Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and growing economies in the countries. Moreover, China’s Savory Snacks market held the largest market share, and the Indian Savory Snacks market was the fastest-growing market in the Asia-Pacific region


Key Findings of the Study



  • The global Savory Snacks Market is expected to reach USD 188.9 billion by 2032, at a CAGR of 4.85% during the forecast period.

  • The Asia-Pacific Savory Snacks Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and growing economies in the countries. Moreover, China’s Savory Snacks market held the largest market share, and the Indian Savory Snacks market was the fastest-growing market in the Asia-Pacific region

  • The Savory Snacks market segmentation, based on type, includes Potato Chips, Nuts & Seeds, Popcorn, and Others. The potato chips segment has the largest share in the savory snack market due to the development of new flavors and boiled potato chips that have medical advantages.


Kraft Heinz Company, PepsiCo, Diamond Foods LLC, CALBEE Inc., JACK Link’s LLC., Orkla ASA, Conagra Brands Inc., Intersnack Group GmbH & Co. KG, Kellogg Co., Mondelez International, Hain Celestial Group, Nestle SA, ITC Limited, and General Mills Inc.

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