The Savory Snacks Market Size was valued at USD 253.46 billion in 2022 and is expected to reach USD 394.93 billion by 2030, and grow at a CAGR of 5.7% over the forecast period 2023-2030.
Savory Snacks are optimal incorporation of zest, and salt with a smooth or substantial layer and are not sweet or dull. Prepared food varieties are incorporated under appetizing tidbits and are favored inferable from the well-being benefits presented by heated food varieties like low-fat substances ascribed to the decreased use of oil and rich taste.
Vegetable oils are omnipresent and odds are good that anything arranged including exquisite tidbits has some sort of vegetable oils associated with its readiness. Low-calorie snacks under the class of savories have arisen as the option in contrast to sweet treat snacks and wholemeal in the midst of the developing transcendence of ceaseless illnesses like diabetes and corpulence generally credited to maximum usage of sugar. The flooding well-being familiarity with buyers is set to drive the Savory Snacks Market.
With shopper interest for more exploratory solid eating encounters, food makers are meaning to speak to the new "inquisitive buyer" by sending off better exquisite nibble choices. Rising urbanization and rushed ways of life are influencing the dietary patterns of shoppers who are logically subbing more adaptable, light, and helpful eating choices for primary dinners.
Driving Factors:
Restraining Factors:
Opportunities:
Challenges:
The COVID-19 pandemic fundamentally affects the general food and drink industry. The separation rules have brought about short stock and even undoings, which is hampering the nearby/homegrown players on the lookout. Because of the pandemic, there is a diminishing in the assembling and supply of elements for the food and refreshment industry. The pandemic has fundamentally changed the clients' food inclinations and pushed them to incorporate numerous solid and nutritious food items. Subsequently, in the impending years, customer interest for nuts and seeds, natural products and vegetable-based food sources, and items got from normal sources is supposed to acquire a more elevated level of importance.
As the result, potato chips were the biggest section in the worldwide appetizing nibble items market. Potato chips are profoundly liked among customers because of their taste, low cost, and simple accessibility. Throughout the long term, the ascent in utilization of potato chips and dynamic changes in the utilization design has driven central members in the market to advance their items. These item portfolios presently have more current item goes and is growing across the globe.
By Flavour:
By flavor, zest is the second quickest developing section in the worldwide appetizing nibble items market. Hot flavor assumes a significant part in the snack food industry. Bean stew pepper in the fiery flavor class improves the flavor — heat, sharpness, warmth, and chomp — and the shade of arranged food sources. For food makers, these fixings frequently arrive in a concentrate. As provincial cooking styles have become more globalized, customer inclination for food sources that integrate heat has expanded altogether.
By Distribution Channel:
By appropriation channel, the retail section represents the biggest offer in the appetizing nibble items market in 2021. Retail locations offer different brands a wide scope of flavorful nibble items, empowering the customers to look at and go with an educated buying choice. Moreover, retail locations can be credited to the enormous rack spaces accessible in grocery stores and the significance of motivation purchasing while purchasing a bunch of exquisite tidbits. Rebate choices and a more extensive assortment of choices have given the clients more incentive for cash, bringing about purchasers across the globe favoring shopping or getting food and snacks from disconnected retail locations.
By Product:
Potato chips
Extruded snacks
Popcorn
Nuts & seeds
Puffed snacks
Tortillas
Other products (fruit & vegetable chips, and pretzels)
By Flavor:
Barbeque
Spice
Salty
Plain/unflavoured
Other flavors (cheese, butter, smoky, and umami)
By Distribution Channel:
Retail
Supermarkets & hypermarkets
Convenience stores
Online stores
Other retail stores (forecourt retailers, discounters, independent small grocers, among others)
Foodservices
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North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The bites market in the Asia Pacific locale is assessed to develop, attributable to the development of economies like China, India, Japan, and Australia. The capital power of horticultural creation is expanding around here, bringing about higher farming efficiency. This is causing a more straightforward and better accessibility of good-quality unrefined components like wheat, and corn, expected by the nibble business. These days, rising purchasers' tendency towards comfort food in a urbanized world has supported the utilization of bundled snacks.
PepsiCo, The Kraft Heinz Company, The Kellogg Company, Calbee, Hain Celestial, Conagra Brands, Inc, General Mills, Inc., Blue Diamond Growers, ITC Limited, Grupo Bimbo.
PepsiCo-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 253.46 Billion |
| Market Size by 2030 | US$ 394.93 Billion |
| CAGR | CAGR 5.7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product (Potato Chips, Extruded Snacks, Popcorn, Nuts & Seeds, Puffed Snacks, Tortillas) • by Flavor (Barbeque, Spice, Salty, Plain/Unflavored) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | PepsiCo, The Kraft Heinz Company, The Kellogg Company, Calbee, Hain Celestial, Conagra Brands, Inc, General Mills, Inc., Blue Diamond Growers, ITC Limited, Grupo Bimbo. |
| Key Drivers | •Development of retail industry internationally. •Expanding interest for advantageous food items with an in a hurry pattern for nibbling which is low in sugar, and high in protein. |
| Market Opportunities | •Expanding interest for sound tidbits. •Developing prevalence of heated food sources among customers. |
The Savory Snacks Market Size was valued at USD 253.46 billion in 2022.
Asia Pacific is dominate the Savory Snacks market.
forecast period of Savory Snacks Market is 2022-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Savory Snacks market segmentation, by Product
8.1 Potato chips
8.2 Extruded snacks
8.3 Popcorn
8.4 Nuts & seeds
8.5 Puffed snacks
8.6 Tortillas
8.7 Other products (fruit & vegetable chips, and pretzels)
9. Global Savory Snacks market segmentation, by Flavor
9.1 Barbeque
9.2 Spice
9.3 Salty
9.4 Plain/unflavoured
9.5 Other flavors (cheese, butter, smoky and umami)
10. Global Savory Snacks market segmentation, by Distribution Channel
10.1 Retail
10.1.1 Supermarkets & hypermarkets
10.1.2 Convenience stores
10.1.3 Online stores
10.1.4 Other retail stores (forecourt retailers, discounters, independent small grocers, among others)
10.2 Foodservices
11. Global Savory Snacks market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 PepsiCo
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 PepsiCo
12.3 The Kraft Heinz Company
12.4 The Kellogg Company
12.5 Calbee
12.6 Hain Celestial
12.7 Conagra Brands, Inc
12.8 General Mills, Inc.
12.9 Blue Diamond Growers
12.10 ITC Limited
12.11 Grupo Bimbo.
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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