Savory Snacks Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026

The global savory snacks sector was valued at $177 billion in 2021 and is forecast to record a CAGR of 5.3% during 2021-26, to reach $229.3 billion in 2026. The Asia-Pacific represented the largest region in 2021, with a value share of 38.5%, followed by the Americas with 38%. In 2021, processed snacks was the largest category, accounting for 30.7% share of overall value sales. Middle East & Africa savory snacks market is forecast to grow at the fastest value CAGR of 10.2% during 2021-26. The popcorn category is forecast to record the fastest CAGR, followed by nuts & seeds and ethnic/traditional snacks. The top five companies in the global savory snacks sector together accounted for a value share of 28.8% in 2021. The sector was led by PepsiCo Inc., which held a share of 22.3%, followed by Intersnack Group GmbH & Co. KG, The Kellogg Company with 2% and 1.9% shares, respectively. Want Want China Holdings Limited, and ConAgra Brands Inc., accounted for value shares of 1.3% each, in 2021. Private labels accounted for a value share of 6.4% in 2021.

Consumers across the world are seeking savory snack with claims to offer certain health benefits. The harmful impact of preservative used in savory snacks are alarming consumers worldwide, influencing them to choose products made using natural ingredients. In addition, the heightened consumer-awareness about the impact of high cholesterol/calorie on wellbeing is driving the demand for savory snacks with free-from claims. The growing desire for healthy diet will continue to nudge consumers to purchase savory snacks with health claims. Consumers are often seeking savory snack with “free from' tags, such as non-GMO, gluten-free, or vegan, which they perceive to be safe.

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 scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East & Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, latest developments, and future challenges for each region
• Change in consumption: Provides a shift in the consumption of savory snacks over 2016-26 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,

sociodemographic factors, and technological infrastructure.

• Country and regional analysis: Provides deep-dive analysis of 10 high-potential countries covering value growth during 2021-26, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for each region
• Health & wellness analysis: Provides insights on health & wellness products in terms of value and percentage share in the overall savory snacks sector at a global and regional level during 2016-21. The analysis includes key health & wellness attributes and consumer benefits driving sales savory snacks across the five regions in 2021 It also covers the market shares of leading companies offering savory snacks with health and wellness attributes
• 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 2021. It covers “dollar stores', variety stores & general merchandise retailers, cash & carries & warehouse clubs, convenience stores, department stores, e-retailers, food & drinks specialists, hypermarkets & supermarkets, vending machine, drug stores & pharmacies, and others
• Preferred packaging formats: The report provides percentage share (in 2021) and growth analysis (during 2021-26) for various pack materials, pack types, closures, and primary outer types based on volume sales of savory snacks

Scope

• Provides an overview of current industry 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, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions

Reasons to Buy

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates