Global Savory Snacks Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Savory Snacks Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Potato Chips, Extruded Snacks, Nuts and Seeds, Popcorn, Meat Snacks, and Others), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online Stores, Convenience Stores, and Other Distribution Channels), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Savory Snacks Market was valued at USD 276,640.6 million in 2023 and is expected to reach USD 405,620.4 million by 2031 while growing at a CAGR of 4.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global savory snacks market growth. Savory snacks, flavorful and non-sweet, include chips, crackers, nuts, popcorn, and more. Their diverse flavors, textures, and convenient packaging make them suitable for on-the-go consumption and social gatherings.
Increasing busy lifestyles, urbanization, and the rise in dual-income households, along with a growing snacking culture, drive the growth of the savory snacks market. However, obstacles like health concerns, nutrition awareness, and rising obesity concerns may hinder market expansion.
Furthermore, the global savory snacks industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Savory Snacks Market is segmented among Potato Chips, Extruded Snacks, Nuts and Seeds, Popcorn, Meat Snacks, and Others, based on Type. In 2023, Potato Chips accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Distribution Channel Analysis
The Global Savory Snacks Market is segmented among Hypermarkets/Supermarkets, Specialty Stores, Online Store, Convenience Stores, and Other Distribution Channels, based on Distribution Channel. In 2023, Hypermarkets/Supermarkets accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Savory Snacks Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are ConAgra Brands Inc., General Mills, Inc., Mondelez International, Inc., ITC Limited, PepsiCo, Inc., Kellogg Company, Arca Continental S.A.B. de C.V., CALBEE, Inc., Blue Diamonds Growers, and Link Snacks Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Savory Snacks Market Dynamics
Drivers
Restraints
Opportunity
4. Global Savory Snacks Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Savory Snacks Market Segmentation, By Type
Global Savory Snacks Market Share Analysis, By Type
Global Savory Snacks Market Growth Analysis, By Type
Global Savory Snacks Market Trends, By Type
o Potato Chips
o Extruded Snacks
o Nuts and Seeds
o Popcorn
o Meat Snacks
o Others
6. Global Savory Snacks Market Segmentation, By Distribution Channel
Global Savory Snacks Market Share Analysis, By Distribution Channel
Global Savory Snacks Market Growth Analysis, By Distribution Channel
Global Savory Snacks Market Trends, By Distribution Channel
o Supermarkets/Hypermarkets
o Specialty Stores
o Online Stores
o Convenience Stores
o Other Distribution Channels
7. Global Savory Snacks Market Segmentation, By Region
Global Savory Snacks Market Share Analysis, By Region
Global Savory Snacks Market Growth Analysis, By Region
Global Savory Snacks Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
ConAgra Brands Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
General Mills, Inc
Mondelez International, Inc
ITC Limited
PepsiCo, Inc
Kellogg Company
Arca Continental S.A.B. de C.V.
CALBEE, Inc.
Blue Diamonds Growers
Link Snacks Inc
*Similar analysis will be provided for each company listed above.