Global Savory Snacks Market to Witness Impressive Growth, Revenue to Surge to USD 124.83 Billion By 2028

10-Aug-2021 | Zion Market Research

The global Savory Snacks market accounted for USD 106.17 Billion in 2020 and is expected to reach USD 124.83 Billion by 2028, growing at a CAGR of around 2% between 2021 and 2028. 

Extruded snacks, popcorn, nuts & seeds, pretzels, meat snacks, traditional snacks, potato chips are the type of savory snacks among others. Potato chips have been the principal segment of the savory snacks market over the past few years and this trend is expected to continue in the coming future. Traditional crisps witnessed the strong growth in 2015. Because of increasing health concerns, snacks manufacturers have altered their manufacturing practices and content in their snacks. This resulted in low salt content in crisps and baked snacks instead of fried.    

The report covers forecast and analysis for the Savory Snacks market on a global and regional level. The study provides historic data of 2016 to 2019 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the Savory Snacks market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Savory Snacks market on a global level.

Global Savory Snacks Market Size

This report offers comprehensive coverage on global Savory Snacks market along with, market trends, drivers, and restraints of Savory Snacks market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Savory Snacks market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.

The study provides a decisive view on the Savory Snacks market by segmenting the market based on type. All the type segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028.  Key product segments covered under this study include potato chips, extruded snacks, nuts and seeds, traditional snacks, popcorn, pretzels, meat snacks. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Regionally, North America was dominating the regional market for savory snacks in 2019. This trend is expected to be continued in the coming future. As offering snack is a tradition in western culture coupled with increasing trend of snacks consumption during working hours and between main meals in the U.S. is a major factor which is boosting the market growth in this region. North America was followed by Europe in 2015.  Asia Pacific savory snacks market is expected to grow significantly the future period on account of growing disposable income of consumers in emerging economies such as China and India. Moreover, changing consumer’s lifestyle and impact of westernization on Indian culture is further expected to drive the savory snacks market in Asia Pacific region.

Some of the key companies operating in global savory snacks market are PepsiCo Inc., AVI Limited, H.W. Lay and Co, Want Want Holdings Limited, Frito-Lay, Kellogg Company, Calbee, Bourbon Corporation,  Kraft Foods, Chio Chips, Estrella, General Mills, Greendot Health Foods Ltd, Haldiram`s, Amanoya Kabuki, Kameda,  and Tyrrells among others.

Browse the full Savory Snacks Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/savory-snacks-market

The global Savory Snacks market is segmented as follows:  

By Product

  • Potato chips
  • Extruded snacks
  • Nuts and seeds
  • Traditional snacks
  • Popcorn
  • Pretzels
  • Meat snacks

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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