What is the global market size of Savory Snacks Market?

Global Savory Snacks Market size was valued at USD 250.5 billion in 2021 and is poised to grow from USD 262.77 billion in 2022 to USD 404.17 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).

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 Insights

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).

Savory snacks include foods like potato chips, tacos, savoury biscuits, and other baked snacks that contain salts. They fall under the category of convenience foods because they are time-saving.

Due to their growing appetite for snacks, millennials are anticipated to contribute to the industry's growth during the projection period. Consumers' growing knowledge of the health advantages of salty snack intake is a key trend that has a big impact on the expansion of the global savoury snack market. Low in calories and gluten-free, savoury snacks are suitable for those with diabetes and obesity. Because consumers are concerned about the food they eat, they choose to spend money on sugar-free, healthful food products. The food and beverage sector is striving to stop diabetes by developing sugar-free goods because it has become a global threat. Additionally, it is projected that the availability of a variety of tastes and rising consumer disposable income in the Asia Pacific will propel the global savoury snacks market forward during the forecast period. In addition, it is anticipated that the growing demand for potato chips would expand the global savory snacks market in the next years.

US Savory Snacks Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Savory Snacks Market Report Snapshots

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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.

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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

Global Savory Snacks Market Insights

Global Savory Snacks Market Report Snapshots

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