Savory Snacks Market Size - By Product Type (Potato Chips, Tortilla Chips, Pretzels, Popcorn, Crackers), By Health & Wellness (Low-Calorie Snacks, Gluten-Free Snacks), By Distribution Channel (Supermarkets, Convenience Stores) & Forecast, 2023

Description

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Global Savory Snacks Market will witness over 5.2% CAGR between 2023 and 2032. Changing consumer lifestyles and busy schedules have increased the demand for convenient, on-the-go snacks will stimulate market growth. Additionally, a growing awareness of health and wellness has driven the demand for healthier snack options, prompting companies to innovate with healthier ingredients and production methods. Moreover, globalization has introduced consumers to diverse flavors and cuisines, fueling the desire for unique and exotic savory snacks. E-commerce and digital marketing have made it easier for consumers to access and purchase savory snacks, contributing to the growth of the savory snacks industry.

The rising deals and discussions between leading companies also support the market. For instance, in October 2023, the consumer division of Tata Group was in active discussions to acquire a controlling interest of at least 51% in the well-established snack producer Haldiram's. Haldiram's, widely recognized in India for its range of savory snacks, including the popular "bhujia" made from potatoes, is considering the potential sale of a 10% ownership stake.

The overall Savory Snacks Market is classified based on product type, distribution channel, and region.

The popcorn segment will undergo significant development from 2023 to 2032. Popcorn, a versatile and wholesome snack, has gained popularity due to its health benefits and diverse flavor profiles. Consumers seek convenient, guilt-free options, and popcorn fits the bill, being low in calories and often gluten-free. Its appeal extends to both traditional and innovative flavors, making it a staple in the ever-expanding world of savory snacks. Therefore, the rising interest among consumers in popcorn leads to the growing contribution of the segment in the savory snacks market revenue.

The convenience stores segment will register a commendable CAGR from 2023 to 2032. As busy lifestyles become the norm, consumers increasingly rely on these stores for quick, accessible snack options. Convenience stores strategically stock a variety of savory snacks, catering to diverse tastes and preferences. The convenience factor, in line with the constant flow of foot traffic, makes them a vital hub for satisfying the growing appetite for savory snacks in today's fast-paced world.

Regionally, the Europe savory snacks market will showcase an appreciable CAGR from 2023 to 2032. Changing eating habits, busy lifestyles, and a growing preference for convenient on-the-go snacks have boosted demand. Additionally, health-conscious consumers are driving the market toward healthier and innovative snack options. The region's diverse cultures also contribute to the demand for a wide variety of flavors and textures. Additionally, several European companies being engaged in multiple dealings support the market in the region.

For instance, in May 2023, A&M Capital Europe, a private equity firm based in the UK, effectively acquired a controlling stake in Innovative Bites Group. IBG specializes in owning and distributing savory snacks and confectionery brands within the United Kingdom. These factors, in tandem with a strong snack culture, make Europe a key player in the global savory snacks market outlook.

Product Code: 6375

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Savory snacks industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Product type trends
2.5 Health & wellness trends
2.6 Distribution Channel trends

Chapter 3 Savory snacks Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 By product type
- 3.3.2 By health & wellness
- 3.3.3 By distribution channel
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
- 3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Savory snacks Market Size and Forecast, By Product Type 2018 - 2032

5.1 Potato Chips/Crisps
5.2 Tortilla Chips
5.3 Pretzels
5.4 Popcorn
5.5 Nuts and Seeds
5.6 Meat Snacks
5.7 Extruded Snacks
5.8 Crackers

Chapter 6 Savory snacks Market Size and Forecast, By Health & Wellness 2018 - 2032

6.1 Regular Savory Snacks
6.2 Low-Calorie Snacks
6.3 Organic and Natural Snacks
6.4 Gluten-Free Snacks
6.5 Plant-Based Snacks

Chapter 7 Savory snacks Market Size and Forecast, By Distribution Channel 2018 - 2032

7.1 Supermarkets
7.2 Convenience Stores
7.3 Online Retail
7.4 Specialty Stores
7.5 Foodservice and Restaurant

Chapter 8 Savory snacks Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 PepsiCo (Frito-Lay) - USA
9.2 The Kraft Heinz Company - USA
9.3 Kellogg Company - USA
9.4 General Mills - USA
9.5 Mondelez International - USA
9.6 Conagra Brands - USA
9.7 Nestlé - Switzerland
9.8 The Campbell Soup Company - USA
9.9 The Hershey Company - USA
9.10 Snyder's-Lance (Campbell Snacks) - USA
9.11 The Hain Celestial Group - USA
9.12 Calbee, Inc. - Japan
9.13 Intersnack Group - Germany
9.14 Utz Brands, Inc. - USA
9.15 The Wonderful Company - USA