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Savory Snack Products Market

Global Savory Snack Products Market is expected to foresee significant growth. APAC to lead the growth!

Savory snacks are gluten-free with low-calorie content, which makes them edible for diabetes and obesity patients. In addition, consumers are conscious of the foods they consume, so they typically spend money on healthy foods that are sugar-free. As a result, the rise in the adoption of convenience food products increases the demand for savory snack products.

The Savory Snack Products Market is expected to grow at a steady rate of around 7% during the forecast period (2022-2028) owing to the expansion of the retail industry globally. Moreover, the retail sector is one of the largest sales channels for savory snack product sales across the globe. Major companies operating in the savory snack products market are looking for partnerships to strengthen their position in the market. For instance, in June 2021, The Kellogg Company, a US-based savory snack products manufacturing company, partnered with Wendy’s, a US-based holding company for the fast-food chain, in the savory snack products market.

 For a detailed analysis of the Global Savory Snack Products Market browse throughhttps://univdatos.com/report/savory-snack-products-market/

Based on product, the market is segmented into potato chips, extruded snacks, popcorn, nuts & seeds, tortillas, and others. Potato Chips category to witness higher CAGR during the forecast period.  This is largely due to the development of new flavored and medicinal benefits such as low calorie, low fat, and high potassium content also contribute to the development of this market region.

On the basis of flavor, the market is categorized into barbeque, spice, salty, plain/unflavored, and other. Among these, the spice to hold a significant share in the market in 2020. This is mainly due to the aromatic taste plays an important role in the snack industry. In addition, belonging to the spicy flavor category, chili peppers enhance the flavor (heat, spiciness, warmth, chewiness) and color of cooked foods. For food manufacturers, these ingredients are often included in extracts. As local cuisine becomes more globalized, consumer preference for foods containing heat has increased significantly.

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For a better understanding of the market adoption of the Savory Snack Products industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the consumers in this region are beginning to adopt healthier lifestyles due to growing concerns about childhood obesity. Furthermore, with better snacks becoming more and more available, segments such as popcorn, which saw strong sales growth, are meeting consumer demand in the region. For instance, In January 2021, PepsiCo announced to launch ready-to-eat Cheetos popcorn. The popcorn is infused with “cheetle,” the brand’s proprietary cheesy orange and red dusting.

Some of the major players operating in the market include PepsiCo Inc., Kellogg Company, General Mills Inc., Calbee Inc, ITC LIMITED, Mondelēz International, Nestle SA, Grupo Bimbo, S.A.B. de C.V., Hain Celestial Group Inc, Blue Diamond Growers.

Global Savory Snack Products Market Segmentation

Market Insight, by Product

• Potato chips
• Extruded snacks
• Popcorn
• Nuts & seeds
• Tortillas
• Other

Market Insight, by Flavor

  • Barbeque
  • Spice
  • Salty
  • Plain/Unflavoured
  • Other           

Market Insight, by Distribution Channel

Market Insight, by Region

  • North America
    •  The US
    •  Canada
    •  Rest of North America
  • Europe
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • PepsiCo Inc.
  • Kellogg Company
  • General Mills Inc.
  • Calbee Inc
  • ITC LIMITED
  • Mondelēz International
  • Nestle SA
  • Grupo Bimbo, S.A.B. de C.V.
  • Hain Celestial Group Inc
  • Blue Diamond Growers

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