Savory Snacks Market Size To Gain US$ 390 Billion By 2030

The savory snacks market size predicted to from USD 262.66 billion in 2022 to USD 390 billion by 2030, growing at a CAGR of 5.07%.

Pandemic herbs had a large effect on the savory snacks market. Disrupted supply chains and lock down policies had compelled the consumers to switch to the online platforms. There has been a growth in the purchases of savory snacks through the online portals and the online platforms have provided a great opportunity for the growth of the manufacturers. Major companies have come online in the recent times in order to offer the varied products.

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Regional Snapshots

The Asia pacific region is expected to have the largest market share in terms of revenue during the forecast period especially due to the contribution of many countries like Japan China and India. There is a great demand for savory snack in these nations. Increasing the awareness about childhood obesity and the availability of healthier snacking options is creating a great demand for savory snacks in this region. Many working individuals that have busy lifestyle skip meals and replace them with snacking items which are healthier.

In the Asia Pacific region major market players are offering protein based snacking options which help in sufficing the hunger for a longer period of time and provide healthy fats for the weight loss. The growing trend of vegan diet and plant-based foods has compelled the manufacturers to introduce snacks with these ingredients in order to cater to the needs of the consumers.

Report highlights

• By product, the potato chip segment will have the largest market share during the forecast period as it is offered in various flavors and the awareness regarding the health benefits of the potato chips is growing. The nuts and seeds segment is helpful in providing protein and healthy fats and it helps in meeting the demand of consumers that have health concerns. A mix of roasted nuts and seeds in a packet has a great demand across many regions as it provides a good amount of fiber

and vitamins which are extremely important in case these snacks are replaced with the meals by the working-class people.

• By end user, the hypermarket and supermarkets segment in the distribution channels will have the largest market share as they have a bigger shelf allocated for providing a wide range of products. Many products offered by different brands and private labels are available in hypermarkets and supermarkets. Impulse shopping behavior is another reason why the hypermarket and supermarket segment is seeing a growth. Post pandemic the online segment has also seen a good growth and it is expected to grow well during the forecast period. The presence of Amazon and Walmart which offers all different types of snacks on the online platform is driving the growth of the market.

Recent developments

• Many savory snacks were offered by Bikano in the northern part of India. in March 2021 dry fruit mixture, Daal mixture and aloo bhujiya lemon Chaska were the products offered by this company.

Scope of the Report

Report

Attributes Details

Market Size in 2022 USD 262.66 Billion

Revenue Forecast by 2030

USD 390 Billion

CAGR 5.07% from 2022 to 2030

Largest Market Asia Pacific

Base Year 2022

Forecast Year 2023 to 2032

Key Players Calbee (Japan), ITC LIMITED (India), Mondelez International (US), PepsiCo (US), Kellogg Co. (US), General Mills Inc. (US), Nestle SA (Switzerland), Grupo Bimbo (Mexico), Hain Celestial (US), Universal Robina Corporation (Philippines), The Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany), Campbell Soup Company (US), Old Dutch Foods Inc. (US) and Others.

Market Dynamics

Drivers

Many major nations especially the developed ones like the US Australia Canada and France have expanded their supply chains of supermarkets and hypermarkets in order to cater the needs of the growing population. These developed nations with major manufacturing units in the developed nations are seeking to expand their territorial boundaries by going international in the developing nations to provide these food products. The availability of vegan meat based and plant-based products in this market is driving the growth of the market. Products that offer healthy ingredients and great taste are winning in the highly competitive market.

Restraints

Increasing awareness regarding the health issues related to the consumption of these savory snacks over a long period of time is creating a major restraint in the growth of this market. In order to keep the contents of the packets fresh artificial additives and preservatives are added in quantities that are extremely harmful to the body. These snacks pose a serious threat to the health of the consumers. increasing the consumption of these snacks is leading to obesity due to the excess calorie in the body. The awareness regarding all of these factors is hampering the growth of the market.

Opportunities

Growing demand for vegan food products and plant-based products is driving the growth of the market and this trend is expected to provide a good opportunity for the major market players in the savory snacks market. Over a period of time, it is studied that the frequent consumption of savory snacks may lead to various cardiovascular diseases, cancer and obesity and many consumers are seeking healthier options that provide good amount of protein and healthy fat in order to combat frequent hunger. Improved lifestyles have changed the snacking habits of all the age groups.

Challenges

If there is an increasing demand of savory snacks due to the busy lifestyle of various consumers in the developed as well as developing nations. Ready to eat snacks which are healthier and help to satiate hunger for long hours is in demand. Manufacturing of these kind of snacking options which are tasty becomes a challenge. The quality of the product offered in the Asia Pacific regions is low as compared to the other regions as the manufacturers prefer low cost equipments.

The availability of the same snack manufactured by different companies especially the local markets also create a major challenge for the growth of the companies. These products which are manufactured in the local market are offered at a lower price. The savory snacks accepted internationally may not do well in the Asia Pacific region as the local markets are more aware about the taste and spices involved in the making that drive the market. Unorganized markets provide major competition.

Market Segmentation

By Product

• Potato chips

• Extruded snacks

• Popcorn

• Nuts & seeds

• Puffed snacks

• Tortillas

• Other products (fruit & vegetable chips, and pretzels)

By Distribution Channel

• Hypermarkets & Supermarkets

• Convenience Stores

• Online

• Others

By Flavor

• Roasted/Toasted

• Barbeque

• Spice

• Beef

By Category

• Baked

• Fried

• Others

By Geography

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Savory Snacks Market

5.1. COVID-19 Landscape: Savory Snacks Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

10.1. Savory Snacks Market, by Flavor, 2022-2030

10.1.1. Roasted/Toasted

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Barbeque

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Spice

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Beef

10.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Savory Snacks Market, By Category

11.1. Savory Snacks Market, by Category, 2022-2030

11.1.1. Baked

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Fried

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Others

11.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Savory Snacks Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Product (2017-2030)

12.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.1.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.1.4. Market Revenue and Forecast, by Category (2017-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

12.1.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.1.5.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.1.5.4. Market Revenue and Forecast, by Category (2017-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Product (2017-2030)

12.1.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.1.6.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.1.6.4. Market Revenue and Forecast, by Category (2017-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Product (2017-2030)

12.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.2.4. Market Revenue and Forecast, by Category (2017-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

12.2.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.5.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.2.5.4. Market Revenue and Forecast, by Category (2017-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

12.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.6.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.2.6.4. Market Revenue and Forecast, by Category (2017-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

12.2.7.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.7.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.2.7.4. Market Revenue and Forecast, by Category (2017-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Product (2017-2030)

12.2.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.8.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.2.8.4. Market Revenue and Forecast, by Category (2017-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Product (2017-2030)

12.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.3.4. Market Revenue and Forecast, by Category (2017-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

12.3.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.5.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.3.5.4. Market Revenue and Forecast, by Category (2017-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

12.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.6.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.3.6.4. Market Revenue and Forecast, by Category (2017-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

12.3.7.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.7.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.3.7.4. Market Revenue and Forecast, by Category (2017-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Product (2017-2030)

12.3.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.8.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.3.8.4. Market Revenue and Forecast, by Category (2017-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Product (2017-2030)

12.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.4.4. Market Revenue and Forecast, by Category (2017-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

12.4.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.5.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.4.5.4. Market Revenue and Forecast, by Category (2017-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

12.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.6.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.4.6.4. Market Revenue and Forecast, by Category (2017-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

12.4.7.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.7.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.4.7.4. Market Revenue and Forecast, by Category (2017-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Product (2017-2030)

12.4.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.8.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.4.8.4. Market Revenue and Forecast, by Category (2017-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Product (2017-2030)

12.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.5.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.5.4. Market Revenue and Forecast, by Category (2017-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

12.5.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.5.5.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.5.5.4. Market Revenue and Forecast, by Category (2017-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Product (2017-2030)

12.5.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.5.6.3. Market Revenue and Forecast, by Flavor (2017-2030)

12.5.6.4. Market Revenue and Forecast, by Category (2017-2030)

Chapter 13. Company Profiles

13.1. Calbee (Japan)

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. ITC LIMITED (India)

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Mondelez International (US)