Savory Snacks Market by Product, Flavor, Packaging Type, Distribution Channel - Russia Ukraine Conflict and High Inflation

List of Tables

The Global Savory Snacks Market is forecasted to grow significantly, with a projected USD 223.66 billion in 2023 at a CAGR of 6.17% and expected to reach a staggering USD 341.70 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Savory Snacks Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Savory Snacks Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Extruded Snacks, Meat Snacks, Nuts & Seeds, Popcorn, Potato Chips, Pretzels, and Tortilla Chips. The Potato Chips commanded largest market share of 23.45% in 2022, followed by Extruded Snacks.

Based on Flavor, market is studied across Barbecue, Cheese, Ranch, Salted, Sour Cream & Onion, Spicy, and Tomato. The Cheese commanded largest market share of 24.40% in 2022, followed by Barbecue.

Based on Packaging Type, market is studied across Bags, Boxes, Cans, and Pouches. The Bags commanded largest market share of 48.71% in 2022, followed by Pouches.

Based on Distribution Channel, market is studied across Convenience Stores, Independent Retailers, Online Retail, and Supermarkets & Hypermarkets. The Convenience Stores commanded largest market share of 34.64% in 2022, followed by Supermarkets & Hypermarkets.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 41.54% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Savory Snacks Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Savory Snacks Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Savory Snacks Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Savory Snacks Market?

4. What is the competitive strategic window for opportunities in the Global Savory Snacks Market?

5. What are the technology trends and regulatory frameworks in the Global Savory Snacks Market?

6. What is the market share of the leading vendors in the Global Savory Snacks Market?

7. What modes and strategic moves are considered suitable for entering the Global Savory Snacks Market?

Product Code: MRR-4708BFC8B8EC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Savory Snacks Market, by Product, 2022 vs 2030
4.3. Savory Snacks Market, by Flavor, 2022 vs 2030
4.4. Savory Snacks Market, by Packaging Type, 2022 vs 2030
4.5. Savory Snacks Market, by Distribution Channel, 2022 vs 2030
4.6. Savory Snacks Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising consumption owing to modern lifestyle and increasing urbanization
  - 5.1.1.2. Growing number of home-based startups for savory snacks
  - 5.1.1.3. Increase in the number of small savory snack manufacturers using private label facilities
- 5.1.2. Restraints
  - 5.1.2.1. Adverse impacts on nutrition and health outcomes of savory snacks
- 5.1.3. Opportunities
  - 5.1.3.1. Incorporation of healthy ingredients fueling snack food innovation
  - 5.1.3.2. Emerging novel snacks with attractive and flexible packaging
- 5.1.4. Challenges
  - 5.1.4.1. Concern regarding stringent standards and regulations for ingredients and commercialization of savory snacks
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Savory Snacks Market, by Product

6.1. Introduction
6.2. Extruded Snacks
6.3. Meat Snacks
6.4. Nuts & Seeds
6.5. Popcorn
6.6. Potato Chips
6.7. Pretzels
6.8. Tortilla Chips

7. Savory Snacks Market, by Flavor

7.1. Introduction
7.2. Barbecue
7.3. Cheese
7.4. Ranch
7.5. Salted
7.6. Sour Cream & Onion
7.7. Spicy
7.8. Tomato

8. Savory Snacks Market, by Packaging Type

8.1. Introduction
8.2. Bags
8.3. Boxes
8.4. Cans
8.5. Pouches

9. Savory Snacks Market, by Distribution Channel

9.1. Introduction
9.2. Convenience Stores
9.3. Independent Retailers
9.4. Online Retail
9.5. Supermarkets & Hypermarkets

10. Americas Savory Snacks Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Savory Snacks Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Savory Snacks Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
  - 13.3.1.1. Premium Snacks Brand Burts Has Been Snapped Up By French Own Label Manufacturer Europe Snacks For An Undisclosed Sum.
  - 13.3.1.2. IFF Sells Savory Solutions Group for USD 900 Million.
  - 13.3.1.3. Willkie Advises PAI Partners in Acquisition of Savory Solutions Group.
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. Nature Valley Adds New Level of Flavor with First Savory Snack Option, Nature Valley Savory Nut Crunch Bars.
  - 13.3.2.2. Pure Protein Launches Savory Popped Crisps, a Better-for-You Savory Snacking Alternative.
- 13.3.3. Investment & Funding
  - 13.3.3.1. Jonas Brothers' Big Bet On Savory Snacks, Rob's Backstage Popcorn, Raises USD 7 Million From Hollywood A-Listers.
- 13.3.4. Award, Recognition, & Expansion
  - 13.3.4.1. Hershey expanding its salty snack supply chain
  - 13.3.4.2. G&S Foods eyeing expansion from new US snack food facility
  - 13.3.4.3. Savory Snack manufacturer Balaji Wafers plans new factory in Karnataka, India

14. List of Company Mentioned

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing

1. Amica Chips

2. Balaji Wafers Pvt. Ltd.

3. Beyond Snacks

4. Bikano Group

5. Blue Diamond Growers

6. Calbee Foods Co., Ltd.

7. Calbee, Inc.

8. Conagra Brands, Inc.

9. Diamond Foods (Kettle Brand)

10. G&S Foods, LLC

11. General Mills, Inc.

12. Grupo Bimbo

13. HAPPILO INTERNATIONAL Pvt. Ltd.

14. Herr Foods Inc.

15. HJ Heinz Company Brands LLC

16. Hormel Foods Corporation

17. Intersnack Group

18. ITC Limited

19. JFC International Inc.

20. Mondelez International

21. Nestle SA

22. Novel Foods International Ltd.

23. Old Dutch Foods Inc.

24. Orkla ASA

25. Pepsico

26. ROB'S BACKSTAGE POPCORN LLC

27. Snyder's-Lance by Campbell Soup Company

28. The Hain Celestial Group, Inc.

29. The Hershey Company

30. The Kellogg Company

31. The Lorenz Bahlsen Snack-World GmbH & Co KG

32. The Wonderful Company

33. Tyrrells Potato Crisps

34. UTZ Quality Foods, LLC