According to SPER Market Research, the Savory Snack Products Market the Shift of consumer preference to convenient food product leads to the growth of Savory Snack Products Market.
The COVID-19 pandemic had an impact on the whole food and beverage industry, resulting in a decline in ingredient production and availability. The home market is being hampered by shortages and even cancellations brought on by isolation.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 4.9%
- Forecast Market Size (2030): 299 Billion
The challenges for the savoury snacks market include health problems related to snack product use, a growing trend among consumers toward low-fat and low-sodium products, volatile raw material prices, and fierce competition from unorganized local businesses.
In terms of savoury snack goods, the potato chip dominated the market. The second-fastest expanding market sector for savoury snack goods worldwide is spices. In 2021, the retail sector will hold the biggest market share for savoury snack goods.
Global Savory Snack Products Market Insights, Size and Growth Forecast To 2030
Impact of COVID-19 on the Savory Snack Products Market:
The COVID-19 pandemic had an impact on the whole food and beverage industry, resulting in a decline in ingredient production and availability. The home market is being hampered by shortages and even cancellations brought on by isolation.
Consumer demand for nuts and seeds, fruit and vegetable-based foods, and products derived from natural sources is projected to obtain a higher level of relevance as a result of how customers' food preferences have changed and been pushed to include numerous healthy and nutritious food products.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Global Savory Snack Products Market, By Flavour:
· Barbeque
· Spice
· Salty
· Plain/unflavored
· Other Flavors
Global Savory Snack Products Market, By Product:
· Potato chips
· Extruded snacks
· Popcorn
· Nuts & seeds
· Puffed snacks
· Tortillas
· Other Products
Global Savory Snack Products Market, By distribution channel:
· Retail
· Foodservices
Global Savory Snack Products Market, By Region:
· North America
· Europe
· Asia Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Key Market Players:
The Global Savory Snack Products Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amica Chips S.p.A., Blue Diamond Growers, Calbee, Campbell Soup Company, Conagra Brands, General Mills Inc., Grupo Bimbo, Hain Celestial, Intersnack Group GmbH & Co. KG, ITC Limited, Kellogg Co., Mars, Incorporated ,Mondelez International, Nestle SA, Old Dutch Foods Inc., PepsiCo, The Kraft Heinz Company, The Lorenz Bahlsen Snack-World GmbH & Co KG Germany, Tropical Heat, Universal Robina Corporation.
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SPER Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2030. We have served over 20 industries, with core offerings in Pharmaceutical/Healthcare, Business to Business research (B2B), Nutraceuticals, Food & Beverages, cosmetics, Dermatology, Dental, Herbal, Chemical, Consumer, Information Technology, and other industries.
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We at SPER Market Research always thrive to give you the most recent data. The numbers in the article are just characteristic and may be different from the genuine report.
12 November 2018, The U.S. Savory Snacks Market size is anticipated to reach worth USD 49.37 billion by 2025, registering considerable growth over the forecast period.
The U.S. is the largest consumer of savory snacks across the globe.
Additionally, changing consumer taste preferences towards healthy food are estimated to stoke the growth of the market.Increasing demand for indulgence flavors among consumers is one of the key drivers for te U.S. savory snacks market.
Nevertheless, the processed chips and nuts & seeds segments are projected to post significant CAGRs during the forecast period.Until a few years ago, snacks were considered as break-time food.
Gradually, people in the country have developed habit of eating snacks during movies, shows, short hauls, and work.
Rising income levels and presence of many convenience stores, hypermarkets, supermarkets, and retail shops are tending people towards bulk purchases of savory snacks.
