Global Savory Snacks Market Size, Competitive Landscape, Regional Analysis, Distribution Channel, and Forecast, 2021-2025

The global savory snacks sector was valued at $149.8 billion in 2020 and is forecast to grow at a CAGR of 6.12% during 2020-2025 to reach $201.5 billion by 2025. In volume terms, the sector is predicted to grow from 15 billion kg in 2020 to 18.2 billion kg by 2025, at a CAGR of 3.87%. Asia-Pacific represented the largest region for the global savory snacks sector, with a value share of 39.7% in 2020, followed by the Americas and Western Europe accounting for 36.6% and 14.4%, respectively in 2020. Among all the regions, Asia-Pacific and the Middle East & Africa are forecast to record high growth rates at 6.99% and 6.21%, respectively during 2020-2025. In 2020, the processed snacks category had the highest value and volume shares of 30.8% and 31.3%, respectively. Popcorn is set to be the fastest-growing category, with a projected value CAGR of 8.69% during 2020-2025.

This report brings together multiple data sources to provide a comprehensive overview of the global savory snacks sector. It includes analysis on the following:

• Sector Overview: Provides an overview of current sector scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, the Middle East & Africa, the Americas, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region

Change in Consumption: Provides a shift in the consumption of savory snacks as compared to other major food sectors such as bakery & cereals, meat, and dairy & soy food during 2015-2025 at global and regional levels

• High-Potential Countries: Provides risk-reward analysis of the top four high-potential countries in each region based on market assessment, economic development, governance indicators,

socio-demographic factors, and technological infrastructure

• Country and Regional Analysis: Provides deep-dive analysis of 10 high-potential countries covering value growth during 2020-2025, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for the region
• Health & Wellness Analysis*: Provides insights on the health & wellness products in terms of value and percentage share in the overall savory snacks sector at a global and regional level during 2015-2025. The analysis includes key health & wellness attributes and consumer benefits driving the sales of savory snacks products across the five regions in 2020. It also covers the market share of leading companies offering savory snacks products with health and wellness attributes in the same year
• Competitive Landscape: Provides an overview of leading brands at a global and regional level, besides analyzing the product profile, country-level presence, market share, and growth of private labels in each region
• Key Distribution Channels: Provides analysis on the leading distribution channels in the global savory snacks sector in 2020. It covers “dollar stores”, variety stores & general merchandise retailers, cash & carries & warehouse clubs, convenience stores, department stores, para-pharmacies/drugstores, e-retailers, hypermarkets & supermarkets, health & beauty stores, direct sellers, chemists/pharmacies, and others
• Preferred Packaging Formats*: The report provides percentage share (in 2020) and growth analysis (during 2015-2025) for various packaging materials, containers, closures, and outer types based on the volume sales (by pack units) of savory snacks products

Scope

• Provides an overview of current sector scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging.
• The analysis also covers regional overview across five regions - Asia-Pacific, the Middle East & Africa, the Americas, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region

Reasons to Buy

• To have a thorough fact based analysis with information about the global make-up industry across the five regions in value terms and the underlying factors that are driving the sales.
• To gain confidence to make the correct business decisions based on a detailed analysis of the industry and to identify high-potential countries over the next 5 years.
• The analysts have placed a significant emphasis on the mega trends that drive consumer choice and will provide a clear picture about the future opportunities that can be explored across the regions, resulting in revenue expansion.
• To gain competitive intelligence about leading brands in the industry at global and regional level with information about their sector share, business descriptions and product profiles