The report of Savory Snacks Market by Product (Potato chips, Nuts & seeds, Extruded snacks, Popcorn, Others), Distribution Channel (Convenience stores, Supermarkets, Retailers, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
The growing popularity of baked foods among consumers and increasing consumption of low-calorie snack items are the key drivers driving the growth of the global savory snacks market. The majority of snack producers are focussing on advertising their product offerings on the online platform with the help of e-retailers, not only through third-party portals but also through their own online shopping portals, for example, Link Snacks, through its Jack Link’s own online portal offers savory snack items. Social media platforms, like Facebook, Twitter, LinkedIn, and WhatsApp are also strong media for product promotion, which will boost the sales of savory snacks over the future. Savory snacks are prepared using raw materials, like fruits & vegetables, cereal grains, nuts, vegetable oils, and seasonings. The food processors are offering savory snacks that are generally baked or fried. Savory snack items, for example, chips, nuts & seeds, salted biscuits, cookies are popular among consumers globally.
On the basis of the distribution channel, convenience stores are expected to account for the largest share of the market revenue over the forecast period. Convenience stores are built with an idea that customers can purchase their required products in an easy way. Obtainability of a varied range of products and a rising number of consumers preferring convenience stores is expected to drive the market.
Region-wise, the Asia Pacific held the largest market share of the savory snacks market and is expected to maintain its dominance in the future. The presence of numerous manufacturers in the region is expected to fuel the growth of the savory snacks market. Furthermore, the market in Europe is expected to grow over the forecast period, on account of consumers choosing savory snacks as an instant energy booster instead of a whole meal. The market is driven by demand for savory snacks in countries such as the UK, Spain, Germany, and the Netherlands.
Key players operating in the Savory Snacks market are Kraft Foods, Conagra Brands, Inc., PepsiCo, Inc., Calbee Foods Co Ltd., Intersnack Gmbh & Co, Mondelez International Inc., Blue Diamond Growers, General Mills Inc., Lamb Weston Holdings, Inc., and The Hain Celestial Group.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Savory Snacks Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Savory Snacks Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Savory Snacks Market positioning of competitors.
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