In 2022, the global market size for savory snacks reached USD 262.7 billion. It is projected to reach USD 404 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period. The growth in market revenue can be attributed to various factors, such as changing consumer lifestyles and the increasing popularity of snacks consumed between meals. Additionally, the demand for convenience foods and the availability of a wide range of savory snacks with unique flavors and ingredients are expected to contribute to the market's growth.
Another significant factor driving the demand for savory snacks is the rising preference for healthier snacking options. Consumers are increasingly favoring alternatives to traditional snack products that are healthier and made with natural ingredients. Consequently, there is a growing demand for low-fat, low-sugar, and gluten-free products, leading to increased revenue growth in the savory snacks market. This trend is evident in the rising popularity of baked snacks and vegetable chips.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/6143
Major companies
- PepsiCo, Inc.
- Kellogg Company
- General Mills, Inc.
- Mondelez International, Inc.
- Nestle SA
- The Kraft Heinz Company
- Calbee, Inc.
- Conagra Brands, Inc.
- The Hershey Company
- Snyder's-Lance, Inc.
Major Driving Factors for Savory Snacks Market
· Changing consumer lifestyles: With busy lifestyles and increasing work pressure, consumers are seeking convenient, on-the-go snack options that are easy to consume.
· Rising popularity of between-meal snacks: Snacking between meals has become a common trend among consumers, leading to an increased demand for savory snack products.
· Growing demand for convenience foods: Consumers are increasingly looking for ready-to-eat and easy-to-prepare food options, which is driving the demand for savory snack products.
· Availability of a wide variety of flavors and ingredients: Manufacturers are offering a wide range of savory snack products with unique flavors and ingredients to cater to the diverse consumer preferences.
To read more about the report @ https://www.reportsanddata.com/report-detail/savory-snacks-market
The global Savory Snacks market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook:
- Chips
- Extruded Snacks
- Nuts and Seeds
- Popcorn
- Meat Snacks
- Others
Distribution Channel Outlook:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Channels
- Others
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/6143
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Browse More Research Reports
https://scriptyab.com/go.php?u=https://www.reportsanddata.com/report-detail/air-freshener-market
http://url.sitehis.com/?url=https://www.reportsanddata.com/report-detail/sun-care-products-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blog: https://www.reportsanddata.com/blogs
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek