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Savory Snacks Market

Savory Snacks Market Size, Share and Segmentation by Product (Potato Chips, Extruded Snacks, Popcorn, Nuts & Seeds, Puffed Snacks, Tortillas), by Flavor (Barbeque, Spice, Salty, Plain/Unflavored), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1551 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Savory Snacks Market Size was valued at USD 239.8 billion in 2021 and is expected to reach USD 353.48 billion by 2028, and grow at a CAGR of 5.7% over the forecast period 2022-2028.

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.

Savory Snacks Market Revenue Graph

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.

Market Dynamics:

Driving Factors:

  • 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.

Restraining Factors:

  • Medical problems related to the utilization of snack items.
  • Purchaser inclination for solid bites are expanding

Opportunities:

  • Expanding interest for sound tidbits.
  • Developing prevalence of heated food sources among customers.

Challenges:

  • Extraordinary contest with sloppy players.

Impact of Covid-19:

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.

Market Estimations:

By Product:

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.

Key Market Segmentation:

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

Savory Snacks Market Segment Chart

Regional Analysis:

  • 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.

Key Players:

PepsiCo, The Kraft Heinz Company, The Kellogg Company, Calbee, Hain Celestial, Conagra Brands, Inc, General Mills, Inc., Blue Diamond Growers, ITC Limited, Grupo Bimbo.

Savory Snacks Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 239.8 Billion
Market Size by 2028 US$ 353.48 Billion
CAGR CAGR 5.7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :


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 the Ukraine and Russia war

 

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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

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