Savory Snacks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Savory snacks include potato chips, tacos, and nachos. Ingredients used in savory snacks include potatoes, nuts, corn, seeds, rice, tapioca, wheat, and oats. Usually, savory snacks are eaten between meals as after-dinner snacks, breakfast items, and food items at social gatherings and celebrations. These are gluten-free with low-calorie content, which makes it edible for diabetes and obesity patients.

MARKET DYNAMICS

Increasing consumer pro-activeness towards health problems has boosted these products' demand as they comprise essential ingredients and possess familiar taste. The savory snacks industry is growing due to millennials consuming snacks over conventional sit-down meals, which is expected to drive these products' demand over the forecast period. Moreover, the increased number of local players has augmented private label products in the savory snacks market. Top retailers have started selling savory snacks under their brand name. Compared to the locally available products in the market, these savory snacks' relatively low price is likely to drive their demand.

MARKET SCOPE

The "Global Savory Snacks Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the savory snacks market with detailed market segmentation by product type, flavor and distribution channel. The global savory snacks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading savory snacks market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global savory snacks market is segmented into product type, flavor and distribution channel. By product type, the savory snacks market is classified into Potato Chips, Nuts & Seeds, Popcorn, Others. By favor, the savory snacks market is classified into Roasted/Toasted, Barbeque, Spice, Beef, Others. By distribution channel, the savory snacks market is classified into Supermarket/Hypermarket, Independent Retailers, Convenience Stores, Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global savory snacks market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The savory snacks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the savory snacks market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the savory snacks market in these regions.

MARKET PLAYERS

The reports cover vital developments in the savory snacks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the savory snacks market are anticipated to lucrative growth opportunities in the future with the rising demand for savory snacks in the global market. Below mentioned is the list of few companies engaged in the savory snacks market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the savory snacks market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   PepsiCo
  
•   Nabisco
  
•   The Kraft Heinz Company
  
•   Kellogg's Company
  
•   Calbee, Inc.
  
•   Conagra Brands, Inc.
  
•   General Mills, Inc.
  
•   Arca Continental
  
•   Blue Diamond Growers
  
•   ITC Limited
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Savory Snacks Report Scope