The global market for Baked Savory Snacks is estimated at US$50.8 Billion in 2023 and is projected to reach US$68.7 Billion by 2030, growing at a CAGR of 4.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the baked savory snacks market is driven by several factors, including technological advancements in food processing, an expanding range of distribution channels, and evolving consumer behavior. Improved baking technologies and ingredient innovations have allowed manufacturers to produce snacks with enhanced taste profiles and longer shelf lives without relying on artificial preservatives. The rise of online grocery shopping and specialty food retailers has also facilitated easier access to a wider variety of baked savory snacks, supporting the growth of niche brands and products that might not find shelf space in traditional retail settings.
Furthermore, consumer behavior is increasingly influenced by social media and influencer marketing, where trends around health, wellness, and gourmet snacking are prominently featured. These platforms not only highlight new products and trends but also create a direct line of communication between brands and consumers, fostering a sense of community and loyalty.
Additionally, the increasing consumer interest in plant-based diets has spurred the development of vegan and vegetarian baked savory snacks, expanding the market to include a broader range of dietary preferences. Collectively, these dynamics contribute to the robust growth of the baked savory snacks market, indicating a sustained consumer shift towards healthier and more diverse snacking options.
The growth in the baked savory snacks market is driven by several factors, including technological advancements in food processing, an expanding range of distribution channels, and evolving consumer behavior. Improved baking technologies and ingredient innovations have allowed manufacturers to produce snacks with enhanced taste profiles and longer shelf lives without relying on artificial preservatives. The rise of online grocery shopping and specialty food retailers has also facilitated easier access to a wider variety of baked savory snacks, supporting the growth of niche brands and products that might not find shelf space in traditional retail settings.
Furthermore, consumer behavior is increasingly influenced by social media and influencer marketing, where trends around health, wellness, and gourmet snacking are prominently featured. These platforms not only highlight new products and trends but also create a direct line of communication between brands and consumers, fostering a sense of community and loyalty.
Additionally, the increasing consumer interest in plant-based diets has spurred the development of vegan and vegetarian baked savory snacks, expanding the market to include a broader range of dietary preferences. Collectively, these dynamics contribute to the robust growth of the baked savory snacks market, indicating a sustained consumer shift towards healthier and more diverse snacking options.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Chips & Crisps segment, which is expected to reach US$39.8 Billion by 2030 with a CAGR of a 4.6%. The Nuts & Seeds segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $13.8 Billion in 2023, and China, forecasted to grow at an impressive 7.3% CAGR to reach $14.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Baked Savory Snacks Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Baked Savory Snacks Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Baked Savory Snacks Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as American Pop Corn Company (Jolly Time Pop Corn), Amica Chips SpA, Aperitivos Flaper SA (Flaper S.A.), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- American Pop Corn Company (Jolly Time Pop Corn)
- Amica Chips SpA
- Aperitivos Flaper SA (Flaper S.A.)
- Axium Foods, Inc.
- Butterkist
- Calbee, Inc.
- Chaucer Foods Ltd.
- Consolidated Biscuit Co. Ltd.
- Europe Snacks
- General Mills, Inc.
- ITC Limited
- Lorenz Bahlsen Snack-World GmbH & Co KG Germany
- Mondelez International, Inc.
- Nestlé S.A.
- The Hershey Company
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- American Pop Corn Company (Jolly Time Pop Corn)
- Amica Chips SpA
- Aperitivos Flaper SA (Flaper S.A.)
- Axium Foods, Inc.
- Butterkist
- Calbee, Inc.
- Chaucer Foods Ltd.
- Consolidated Biscuit Co. Ltd.
- Europe Snacks
- General Mills, Inc.
- ITC Limited
- Lorenz Bahlsen Snack-World GmbH & Co KG Germany
- Mondelez International, Inc.
- Nestlé S.A.
- The Hershey Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 50.8 Billion |
| Forecasted Market Value ( USD | $ 68.7 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
