According to the latest report by IMARC Group, titled “Savory Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The savory snacks market report also includes competitor and regional analysis, and contemporary advancements in the market. The global savory snacks market size reached US$ 129.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 175.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Savory Snacks Market Overview:
Savory snacks are a popular category of food that includes a wide range of flavorful and savory options. These snacks are typically enjoyed between meals or as a quick and satisfying treat. Savory snacks include potato chips, pretzels, popcorn, nuts, and savory crackers. They are known for their savory and sometimes salty taste, appealing to those craving a savory flavor profile. They offer convenience, versatility, and a variety of flavors, making them a popular choice for snacking on the go or while relaxing at home. They cater to different preferences and dietary needs, providing a tasty and satisfying snack option for many people.
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Global Savory Snacks Market Trends:
The global market is majorly driven by changing consumer lifestyles and preferences. With busy schedules and an increasing focus on convenience, consumers are seeking quick and ready-to-eat snack options. Savory snacks fit this demand perfectly, providing a convenient and satisfying solution for on-the-go snacking. Furthermore, the shift in consumer taste preferences towards savory flavors and snacks is fueling the market. Apart from this, the rising influence of global flavors and culinary diversity is positively influencing market expansion.
Moreover, the manufacturers are capitalizing on this trend by introducing innovative flavors and seasoning options in their snack offerings, catering to diverse consumer preferences. Besides, the growing awareness and emphasis on healthy snacking is propelling the market. Consumers are seeking healthier snack alternatives that are lower in fat, calories, and artificial ingredients. In response, manufacturers have been introducing healthier variations of savory snacks, such as baked chips, vegetable-based snacks, and snacks with reduced sodium content. Additionally, the availability of these snacks in convenience stores, supermarkets, and vending machines ensures their accessibility in various locations, further boosting sales.
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Key Market Segmentation:
Top Savory Snacks Brands Worldwide:
- Arca Continental
- S. A. B. de C. V.
- Calbee, Inc.
- Conagra Brands, Inc.
- General Mills Inc.
- Hain Celestial Group, Inc.
- Haldiram Foods International Pvt. Ltd
- Intersnack Group
- ITC Limited
- Kellogg Company
- Kraft Heinz Company
- Lamb Weston Holdings, Inc
- Premium Brands Holdings Corporation
- PepsiCo, Inc
Breakup by Product:
- Potato Chips
- Extruded Snacks
- Nuts and Seeds
- Popcorn
- Meat Snacks
- Others
Breakup by Category:
- Baked
- Fried
- Others
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Stores
- Convenience Stores
- Others
Breakup by Sales:
- Retail Sector
- Foodservice Sector
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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