Global Savory Snacks Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 175 | Published By - Mordor Intelligence

Report Highlights

The global savory snack market of around USD 96 billion in 2016 is expected to reach USD 135.90 billion by 2021 at a CAGR of 7.20%. Savory snacks are the emerging fast food category in the global market. PepsiCo is the leading player in the snacks category.

Global Savory Snacks Market Dynamics

The global savory snacks market is largely driven by, changing lifestyles, food consumption habits; rise in disposable incomes and increasing food convenience. Mounting health concerns among consumers and food ingredient regulations by governments may restrain the market growth. The rising popularity of innovative products with different types of flavors and organic based savory products are market capturing opportunities.

Global Savory Snacks Market Segmentation

The various products include potato chips, extruded snacks, nuts, and seeds, traditional snacks, popcorn, pretzels, meat snacks, etc. Potato chips are highest in demand, followed by popcorn, traditional and nut snacks. The distribution channel is segmented into hypermarkets, supermarkets, convenience stores, departmental stores, specialty stores and online purchases.  

The global savory snacks market is dominated by North America with XX% of total market share. It is followed by Europe (XX%), Asia Pacific (23%), South America (XX%) and Africa (XX%). In North America, the USA is the largest consumer of savory snacks. Europe is the second largest consumer of savory snacks with the U.K., France, Germany, Spain and Italy being the major consumers. China and India are not only the largest consumer market in the Asia-Pacific region but are also the fastest growing market for savory snacks globally. These countries are supported by their large population, rapid urbanization, and increasing disposable income.

Key Players in the Global Savory Snacks Market

There is high competition in the global savory snacks market as the market is highly fragmented. The top ten global players have only 16% share of the overall savory snacks market. The local and regional snacks manufacturers cater to area specific taste, which is very difficult for global players to capture. The entry for new players is easy because of the large number of alternatives in the same snacks category, low customer loyalty and high shifting habits in the market. Product launches of innovative flavors, organic and gluten-free products and mergers and acquisitions with local players have been the major business strategies for market growth.  

The major players in market are:

Calbee Foods Co Ltd.

ConAgra Foods Inc.

ITC

Intersnack GmBH & Co

Mondelez International Inc.

PepsiCo

Key Deliverables in the Study

Market analysis for the global savory snacks market, with region specific assessments and competition analysis on a global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the market at both global and regional levels.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights into the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights into the major countries/regions where this industry is growing and identifying the regions which are still untapped.

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