Global Savory Snacks Market

Global Savory Snacks Market Size, Share, Growth Analysis, By Type(Potato Chips, Corn & Tortilla Chips), By Flavour(Barbeque, Spice), By Distribution Channel(Hypermarkets & Supermarkets, Online) - Industry Forecast 2024-2031

Report ID: SQSG30I2065 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 91 | Figures: 76

Global Savory Snacks Market Dynamics

Savory Snacks Market Driver

  • As consumers are more concerned about their health than ever, numerous sectors, particularly the food processing industry, have been encouraged to manufacture food products with outstanding health benefits.
  • Manufacturers in the market for savoury snacks spend a lot of money on research and development to create new products with high nutritional value and beneficial aspects for health.
  • The market for savoury snacks is expanding primarily due to reasons including the expanding food and beverage industry and consumers' rising demand for on-the-go snacking options.
  • Other significant factors influencing the growth of the savoury snacks market include the changing lifestyles and hectic schedules of the working population, increasing consumer awareness of health issues brought on by the consumption of inorganic food, and an increase in the adoption of convenience food items like savoury snacks.

Savory Snacks Market Restraint 

  • These negative health effects linked to the main components of savoury snacks, such as salt, sugar, vegetable oil, wheat, corn, and other flours, as well as chemical additives and preservatives, offer a significant barrier to market expansion over the forecast period. Frequent snacking adds extra calories to the body, which can cause obesity and rapid weight gain.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Savory Snacks Market size was valued at USD 250.5 billion in 2019 and is poised to grow from USD 262.77 billion in 2023 to USD 404.17 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our Savory Snacks market reports, some of the leading quality Savory Snacks manufacturers are as follows: PepsiCo (US), Kellogg Co. (US), General Mills Inc. (US), Calbee (Japan), ITC LIMITED (India), Mondelez International (US), Nestle SA (Switzerland), Grupo Bimbo (Mexico), Hain Celestial (US), Blue Diamond Growers (US), Conagra Brands (US), The Kraft Heinz Company (US), Mars, Incorporated (US), Universal Robina Corporation (Philippines), The Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany), Campbell Soup Company (US). 'PepsiCo', 'Nestle SA', 'The Kellogg Company', 'General Mills, Inc.', 'Mondelez International, Inc.', 'Calbee, Inc.', 'The Kraft Heinz Company', 'Conagra Brands, Inc.', 'The Hershey Company', 'McCain Foods Limited', 'Blue Diamond Growers', 'Amplify Snack Brands, Inc.', 'Intersnack Group GmbH & Co. KG', 'ITC Limited', 'Arca Continental, S.A.B. de C.V.', 'Grupo Bimbo S.A.B. de C.V.', 'PepsiCo Foods Canada Inc.', 'Snyders-Lance, Inc.', 'Lorenz Bahlsen Snack-World GmbH & Co KG', 'Greencore Group plc'

As consumers are more concerned about their health than ever, numerous sectors, particularly the food processing industry, have been encouraged to manufacture food products with outstanding health benefits.

Jalapeno, black truffle, and mustard are a few of the flavours that are popular in snacks among this group. Manufacturers are introducing new products in a range of premium flavours to garner the most traction with this market. For instance, Dot's Homestyle Pretzels added honey mustard to its lineup in May 2021, expanding its product line.

In terms of revenue, Asia Pacific accounted for the highest regional share of the savory snacks market. Due to growing worries about childhood obesity, consumers in nations like India, Japan, and China have begun to embrace healthier lives, which is what is driving the expansion in the Asia-Pacific region. Better-for-you snacks are becoming more widely available, and markets like popcorn, whose sales have grown significantly, are satisfying local consumers' desires. Following Canada, the United States is expected to make a considerable contribution to the industry's expansion in this area.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Savory Snacks Market

Report ID: SQMIG30I2153 | Region: Global | Published Date: February, 2024 | Pages: 198 | Tables: 67 | Figures: 75

Global Food Contract Manufacturing Market
Buy Now GET FREE SAMPLE
Global Savory Snacks Market

Report ID: SQMIC30I2397 | Region: Country | Published Date: February, 2024 | Pages: 198 | Tables: 60 | Figures: 75

U.S. Cold Storage Market
Buy Now GET FREE SAMPLE
Global Savory Snacks Market

Report ID: SQMIG30I2254 | Region: Global | Published Date: February, 2024 | Pages: 198 | Tables: 62 | Figures: 75

Global Compound Feed Market
Buy Now GET FREE SAMPLE
Global Savory Snacks Market

Report ID: SQSG30I2025 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 87 | Figures: 76

Global Cat Litter Products Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Savory Snacks Market

Product ID: SQSG30I2065

$5,300
BUY NOW GET FREE SAMPLE