Savory Snacks Market Research Report - Global Forecast till 2027

Global Savory Snacks Market Research Report: By Category (Baked, Fried, and Others), By Type (Chips, Nuts & Seeds, Biscuits & Cookies, Popcorns, and Others), By Distribution Channel (Store-Based (Supermarket & Hypermarket, Convenience Store, and Others) and Non-Store-Based) - Forecast 2027

ID: MRFR/F-B & N/0549-HCR | February 2021 | Region: Global | 124 pages

Please note that the assessment period of the report has been updated from 2019-2027 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Savory Snacks Market is projected to grow at a significant rate of 4.50% from 2019 to 2027 to reach a market value of USD 168.46 Billion by the end of 2027. The growing popularity of baked foods among consumers and increasing consumption of low-calorie snacks items are the major drivers propelling the growth of savory snacks market globally. The majority of snacks manufacturers are focussing on advertising their product offerings on the online platform with the help of e-retailers, which is further helping in the growth of the savory snacks market. In addition to that, market players are offering customized products which are convenient to carry. Increasing customer spending on convenient food items is also driving the market growth of savory snacks globally during the assessment period. Savory snacks are prepared using raw materials such as fruits & vegetables, cereal grains, nuts, vegetable oils, and seasonings. The food processors are offering savory snacks which are mostly baked or fried. Savory snacks items such as chips, nuts & seeds, salted biscuits, cookies are popular among consumers globally.


Segmentation


Global Savory Snacks Market has been segmented based on Category, Type, Distribution, and Region. By category, the global savory snacks market has been classified as baked, fried, and others.   By type, the global savory snacks market has been categorized as chips, nuts & seeds, biscuits & cookies, popcorns, and others. The global savory snacks market has been segregated based on distribution channel into, store-based and non-store-based. The store-based segment is further segregated into supermarket & hypermarket, convenience store, and others. The global savory snacks market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American savory snacks market has further been segmented into the US, Canada, and Mexico. The European savory snacks market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The savory snacks market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The savory snacks market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


The Kraft Heinz Company (US), PepsiCo (US), Conagra Brands, Inc. (US), Diamond Foods LLC (US), CALBEE, Inc. (Japan), General Mills, Inc. (US), The Lorenz Bahlsen Snack-World GmbH & Co KG (Germany), Intersnack Group GmbH & Co. KG (Germany), Kellogg Co. (US), Orkla ASA (Norway), Mondelez International (US), Nestle SA (Switzerland), ITC Limited (India), JACK LINK'S, LLC. (US), Premium Brands Holdings Corporation (Canada)are the major players in global savory snacks market.


Regional Market Summary


North America is anticipated to garner the largest market share in the savory snacks market during the forecast period. The region’s dominance can be attributed to various factors such as the presence of several prominent market players offering various savory snacks and increasing the inclination of consumers toward convenience food products.   The market in Asia-Pacific is projected to register the highest CAGR in the savory snacks market during the assessment period. There is a change in eating habits of consumers in this region. Consumers prefer ready-to-eat food items such as low-calorie snacks. To cater to the demand of consumers, the majority of savory snacks manufacturers are offering snacks containing less-calories, which is likely to fuel the market growth of savory snacks. Marketing and promotional activities by the market players are further influencing the market growth of savory snacks.


Global Savory Snacks Market, by Category



  • Baked

  • Fried

  • Others


Global Savory Snacks Market, by Type

  • Chips

  • Nuts & Seeds

  • Biscuits & Cookies

  • Popcorns

  • Others


Global Savory Snacks Market, by Distribution Channel

  • Store-BasedSupermarket/ Hypermarket

    • Convenience Store

    • Others



  • Non-Store-Based


Global Savory Snacks Market, by Region

  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East




Intended Audience

  • Food processors

  • Agriculture associations

  • Wholesalers and retailers

  • Traders, importers and exporters



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 168.46 Billion
  CAGR   4.50% (2019-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Category, Type and Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Kraft Heinz Company (US), PepsiCo (US), Conagra Brands, Inc. (US), Diamond Foods LLC (US), CALBEE, Inc. (Japan), General Mills, Inc. (US), The Lorenz Bahlsen Snack-World GmbH & Co KG (Germany), Intersnack Group GmbH & Co. KG (Germany), Kellogg Co. (US), Orkla ASA (Norway), Mondelez International (US), Nestle SA (Switzerland), ITC Limited (India), JACK LINK'S, LLC. (US), Premium Brands Holdings Corporation (Canada)
  Key Market Opportunities   Increasing the inclination of consumers toward convenience food products
  Key Market Drivers

  • Growing popularity of baked foods among consumers
  • Increasing consumption of low-calorie snacks items


  • Frequently Asked Questions (FAQ) :


    Savory snacks market valuation would be USD 154.56 billion.

    Savory snacks market CAGR would be 4.5% during the forecast period.

    Types included in savory snacks market report are chips, nuts & seeds, popcorns, biscuits & cookies, and others.

    Categories included in savory snacks market report are baked, fried, and others.

    North America would dominate savory snacks market.