The global savory snacks market is estimated to record a substantial CAGR of 6.5% during the forecast period. A new trend in snackification is the shift of consumers toward healthy snacking habits, which gave way for “Better-for-You” snacking options rather than chips or other snacks made of potato, corn, and other less nutritious ingredients. For early and mid-morning snacks, customers are looking for nourishment, thus prefer fruit snacks and coffee. In the afternoon, consumers are looking for optimization with cut fruits, vegetables, and nuts. Millennial consumers are a tremendously influential segment of the Better-for-You” snack market, with increasing spending power, which will accelerate the other snacking options, such as fruits, vegetables, nuts, and seeds in the next few years.
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However, with the growing demand for natural snacking options and new product innovations, the market for fruits, vegetables, and nuts as an on-the-go-snacking option is predicted to witness a wide range of opportunities during the forecast period, which is expected to hinder the savory snack market.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Product and Distribution Channel
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- PepsiCo, Inc., the Kraft Heinz Co., General Mills, Inc., and ConAgra Brands
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Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Savory Snacks Market Report Segment
By Product
- Extruded Snacks
- Potato Chips
- Nuts & Seeds
- Meat Snacks
- Popcorn
- Others
By Distribution Channel
- Conventional Stores (Offline)
- Online Retail
Savory Snacks Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Arca Continental, S.A.B. De C.V.
- Aryzta AG
- Balaji Wafers Pvt. Ltd.
- Blue Diamond Growers
- Calbee, Inc.
- Campbell Soup Co.
- Conagra Brands, Inc.
- General Mills, Inc.
- Grupo Bimbo
- Haldiram Foods International Pvt. Ltd.
- Herr Foods, Inc.
- Intersnack Group Gmbh& Co. KG
- ITC, Ltd.
- JFC International
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