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DUBLIN , March 8, 2022 /PRNewswire/ -- The "Global Savoury Snack Products Market by Product (Potato Chips, Extruded Snacks, Popcorn, Nuts & Seeds, Puffed Snacks, Tortillas), Flavor (Barbeque, Spice, Salty, Plain/Unflavored), Distribution Channel and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the global savoury snack products market size is estimated to be valued at USD 203.9 billion in 2022 and is projected to reach USD 263.0 billion by 2027, recording a CAGR of 5.2% during the forecast period in terms of value.
The market is primarily driven by factors such as shifting consumer preference to convenience foods. Moreover, In recent years, the savoury snacks market has been highly impacted by innovations as manufacturers are investing in introducing new ingredients, new variants, and processing techniques to meet the increasing demand and cater to the changing consumer preferences. By product, potato chips were the largest segment in 2021 and anticipated to grow at a significant growth rate over the forecast period By product, the potato chips segment is estimated to dominate the market for savoury snacks in terms of value, in 2022. Earlier, potato chips were part of western culture; however, due to globalization, the increase in the consumption of potato chips in emerging economies is anticipated to boost market growth. By flavour, the plain/unflavoured segment is estimated to grow at the highest CAGR during the forecasted period By flavour, plain/unflavored is estimated to dominate the savoury snack products market in 2022. Plain and unflavored snacks are becoming consumers' first preference. Furthermore, consumers are looking for products with consumer-friendly ingredients, clean label claims, and locally and ethically sourced ingredients, helping companies manufacture products focusing on health and wellness. By distribution channel, the retail segment dominates the market in 2021 By distribution channel, the retail segment is estimated to dominate the savoury snack products market by 2022. The online store segment is projected to grow at the significant CAGR in the retail sub-category. With the rise in demand for snack products, there has been an increase in eCommerce retail sales and door-to-door delivery of products, which has contributed to the sales of savoury snack products Asia Pacific is estimated to be the largest region in 2022 and anticipated a significant growth rate over the forecast period The Asia Pacific accounted for a significant share in the savoury snack products market in 2021. In the Asia Pacific region, savoury snack products are gaining popularity due to busy lifestyles, urging consumers to opt for on-the-go and RTE products. Furthermore, as the concept of pre-dinner appetizers has been gaining popularity, with a proportionate increase in dual-income families, snacks are becoming an integral part of planned purchase, along with an element of indulgence. The savoury snack products market is segmented region-wise, with a detailed analysis of each region. These regions include North America , Europe , Asia Pacific , and RoW (South America , Africa , Turkey , Middle East ). Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the savoury Snack Products Market 4.2 Asia-Pacific : savoury Snack Products Market, by Product and Country 4.3 savoury Snack Products Market, by Product 4.4 savoury Snack Products Market, by flavour 4.5 savoury Snack Products Market, by Product and Region 4.6 savoury Snack Products Market, by Distribution Channel
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Shifting Consumer Preference to Convenience Food 5.2.1.2 Changing Work Culture is Promoting savoury Snacks Among Consumers 5.2.1.3 Expansion of the Retail Industry Globally 5.2.2 Restraints 5.2.2.1 Health Issues Associated with Consumption of Snacks Products 5.2.2.2 Growing Inclination of Consumers Toward Low Fat and Low Sodium Products 5.2.3 Opportunities 5.2.3.1 Increasing Demand for Healthy Snacks 5.2.3.2 Growing Ecommerce Penetration in the Developing Countries 5.2.4 Challenges 5.2.4.1 Volatile Price of the Raw Materials 5.2.4.2 Intense Competition from Unorganized Local Players 5.3 COVID-19 Impact on savoury Snack Products Ecosystem
6 Industry Trends 6.1 Introduction 6.2 Value Chain 6.2.1 Raw Material Sourcing 6.2.2 Manufacturing of savoury Snacks 6.2.3 Quality and Safety Controllers 6.2.4 Packaging 6.2.5 Marketing and Distribution 6.2.6 End-Use Industry 6.3 Technology Analysis 6.4 Trade Data: savoury Snack Products Market 6.4.1 Nuts and Other Seeds 6.4.2 Nuts & Other Seeds 6.5 Pricing Analysis: savoury Snack Products Market 6.6 Market Map and Ecosystem savoury Snack Products Market 6.6.1 Demand-Side 6.6.2 Supply-Side 6.7 Trends Impacting Buyers 6.8 Regulatory Framework 6.8.1 North America : Regulatory Framework 6.9 Europe : Regulatory Framework 6.10 Patent Analysis 6.11 Porter's Five Forces Analysis 6.11.1 Degree of Competition 6.11.2 Bargaining Power of Suppliers 6.11.3 Bargaining Power of Buyers 6.11.4 Threat of Substitutes 6.11.5 Threat of New Entrants 6.12 Case Studies 6.12.1 Rising Regulatory Policies for Classic savoury Snack Products 6.12.2 Growing Demand for Healthy savoury Snack Products
7 Savoury Snack Products Market, by Category 7.1 Introduction 7.2 Baked Snacks 7.3 Fried Snacks 7.4 Other Categories
8 Savoury Snack Products Market, by Product 8.1 Introduction 8.2 COVID-19 Impact on the savoury Snack Products Market, by Product 8.2.1 Optimistic Scenario 8.2.2 Realistic Scenario 8.2.3 Pessimistic Scenario 8.3 Potato Chips 8.3.1 Increasing Consumption of Potato Chips is Anticipated to Boom Market Growth 8.4 Extruded Snacks 8.4.1 Growing Preferences for Ready-To-Eat Packaged Food 8.5 Popcorn 8.5.1 Health-Conscious Consumers Focusing on Low-Calorie Count 8.6 Nuts and Seeds 8.6.1 Rising Innovation in Healthy Snack Segment 8.7 Puffed Snacks 8.7.1 Growing Focus of Consumers on Reducing Fat Intake 8.8 Tortillas 8.8.1 Variety of flavours Grabbing Attention of Consumers 8.9 Other Products 8.9.1 Inclination of Health-Conscious Consumers Toward Convenient Food
9 Savoury Snack Products Market, by flavour 9.1 Introduction 9.2 COVID-19 Impact on the savoury Snack Products Market, by flavour 9.2.1 Optimistic Scenario 9.2.2 Realistic Scenario 9.2.3 Pessimistic Scenario 9.3 Barbeque 9.3.1 Innovation in flavours by the Key Manufacturers to Drive the Growth 9.4 Spice 9.4.1 Growing Trend of Spicy flavours 9.5 Salty 9.5.1 Salt a Major Contribution to the flavour 9.6 Plain/Unflavoured 9.6.1 Emerging flavours Impacting Proactive Consumers 9.7 Other flavours 9.7.1 Rising Popularity of Exotic flavours
10 Savoury Snack Products Market, by Distribution Channel 10.1 Introduction 10.2 COVID-19 Impact on the savoury Snack Products Market, by Distribution Channel 10.2.1 Optimistic Scenario 10.2.2 Realistic Scenario 10.2.3 Pessimistic Scenario 10.3 Retail 10.4 Supermarkets & Hypermarkets 10.4.1 Different Brands and Packaging Sizes to Escalate savoury Snack Products Market 10.5 Convenience Stores 10.5.1 Addition of On-Demand Delivery Capabilities Provides Good Business Opportunities for Convenience Stores 10.6 Online Stores 10.6.1 Post-Pandemic Era Presents a Huge Business Opportunity for savoury Snacks Through E-Commerce Sites 10.7 Other Retail Stores 10.7.1 Rapid Globalization Has Paved the Way for Business Opportunities in Smaller Retail Stores 10.8 Foodservices 10.8.1 COVID-19 Pandemic Significantly Impact the Sale of savoury Snacks in the Food Service Channel
11 Savoury Snack Products Market, by Region
12 Competitive Landscape 12.1 Overview 12.2 Market Share Analysis, 2020 12.3 Historical Revenue Analysis of Key Players 12.4 COVID-19-Specific Company Response 12.4.1 Pepsico 12.4.2 Kellogg Co 12.4.3 General Mills Inc . 12.4.4 Calbee 12.4.5 Itc Limited 12.5 Company Evaluation Quadrant 12.5.1 Stars 12.5.2 Pervasive Players 12.5.3 Emerging Leaders 12.5.4 Participants 12.5.5 Product Footprint (Key Players) 12.6 Competitive Scenario 12.6.1 New Product Launches 12.6.2 Deals 12.6.3 Others
13 Company Profiles 13.1 Key Players 13.1.1 Pepsico 13.1.2 Kellogg Co. 13.1.3 General Mills, Inc. 13.1.4 Calbee 13.1.5 Itc Limited 13.1.6 Mondelez International 13.1.7 Nestle Sa 13.1.8 Grupo Bimbo 13.1.9 Hain Celestial 13.1.10 Blue Diamond Growers 13.2 Other Players 13.2.1 Conagra Brands 13.2.2 The Kraft Heinz Company 13.2.3 Mars, Incorporated 13.2.4 Universal Robina Corporation 13.2.5 The Lorenz Bahlsen Snack-World GmbH & Co Kg Germany 13.2.6 Campbell Soup Company 13.2.7 Old Dutch Foods Inc. 13.2.8 Amica Chips S.P.A. 13.2.9 Intersnack Group GmbH & Co. 13.2.10 Tropical Heat
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