Savory Snacks Market is estimated to be US$ 116.52 billion by 2030 with a CAGR of 6.5% during the forecast period

 


Global Savory Snacks Market accounted for US$ 62.55 billion in 2020 and is estimated to be US$ 116.52 billion by 2030 and is anticipated to register a CAGR of 6.5%. Savoury snacks are ready-to-eat dishes made from common raw materials such as vegetables, fruits, cereals, vegetable oils, starch, and seasonings. Potato chips, maize chips, puffed and baked snacks, popcorn, savory biscuits, and other nut snacks are among the savory snacks. These savory nibbles are eaten for a variety of reasons, including meal complement and on-the-go snacking.

The report " Global Savory Snacks Market, By Product (Potato Chips, Nuts & Seeds, Extruded Snacks, Popcorn, and Others), By Distribution Channels (Convenience Stores, Supermarkets, Retailers, and Others), and, By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)- Trends, Analysis and Forecast till 2029’’

Key Highlights:

  • In July 2021, Griffith Foods has introduced Infuso, a natural, flavored oil that is expected to shake up the snacking industry and help producers in their "search for an amazing snacking experience." Griffith Foods' innovation team has developed a solution that produces powerful, bold flavors that can be used to create multi-flavored savory snack combinations.

Analyst View:

The savory snacks industry is predicted to rise as people become more aware of the need of eating nutritious foods. Over the forecast period, the target market is expected to develop due to an increase in demand for packaged food products. Potato chips are predicted to dominate the savory snacks market over the projection period, accounting for the majority of sales. The development of new products in a variety of flavors to fulfil customer demands for healthy snacks is projected to boost the savory snacks market's growth. Obesity is on the rise, fueling the target market's expansion. The savory snack business is being held back by rising health concerns among consumers and government-imposed food component regulations.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Savory Snacks Market, By Product (Potato Chips, Nuts & Seeds, Extruded Snacks, Popcorn, and Others), By Distribution Channels (Convenience Stores, Supermarkets, Retailers, and Others), and, By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)- Trends, Analysis and Forecast till 2029”

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Savory-Snacks-Market-By-934

Key Market Insights from the report:

Global Savory Snacks Market accounted for US$ 62.55 billion in 2020 and is estimated to be US$ 116.52 billion by 2030 and is anticipated to register a CAGR of 6.5%.Global Savory Snacks is segmented into product, distribution channel and region.

  • Based on Product, the Global Savory Snacks Market is segmented into Potato Chips, Nuts & Seeds, Extruded Snacks, Popcorn, and Others.
  • Based on Distribution Channel, the Global Savory Snacks Market is segmented into Convenience Stores, Supermarkets, Retailers, and Others.
  • By Region, the Global Savory Snacks Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Savory Snacks Market:

The key players in the global Savory Snacks Market includes Kraft Foods, Conagra, Brands, Inc., PepsiCo, Inc., Calbee Foods Co Ltd., Intersnack Gmbh & Co, Mondelez International Inc., Blue Diamond Growers, General Mills Inc., Lamb Weston Holdings, Inc. Further, R&D and improvement in the production process by the manufacturers lead to support the global savory snacks market growth.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

 About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

 Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

 Market Purview

  1. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
    •  Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Metaverse Market is estimated to be US$ 947.118 billion by 2030 with a CAGR of 38.8% during the forecast period

Image
  Virtual reality (VR), augmented reality (AR), and NFT-savvy firms have a plethora of lucrative prospects in the metaverse. Many of these virtual worlds are supported by blockchain technology similar to that which powers cryptocurrencies and NFTs, allowing users to exchange virtual assets. Because of the NFT boom and Mark Zuckerberg's recent endorsement,  Metaverse Market  has also gotten a lot of attention in recent months. NFTs worth USD 2.1 billion have been traded globally, according to Nonfungible.com. Other well-known brands, such as Adidas, which appears to be functioning on its own NFTs, are also looking to create waves in the metaverse. A cryptocurrency is the metaverse's currency, and each metaverse has its own collection of coins. They're used to paying for NFTs, virtual real estate, and avatar shoes. Cryptocurrencies are utilised to bridge the gap between the real and virtual worlds. They enable us to calculate the value of digital assets in terms of government
Read more

Chia Seeds Market worth US$ $25,381.40 million 2024 with a CAGR of 5.60%

Image
The  report  "Global Chia Seeds Market,  By  Form  (Whole Chia, Milled/Ground Chia, Pre-hydrate Chia, and Chia Oil), By  Type  (Black, Brown, and White),  and Region - Global Forecast to 2024"   global Chia Seeds market  is projected to grow to US$ 25,381.40 million by 2024.  Rising demand for gluten-free products, awareness about the health benefits of chia seeds, and usage of omega 3 in animal feed are some of the prominent factors driving the growth of this market. Chia seeds do not follow the commoditization trend, as the market is still small, where supply is unstable, and there is a lack of awareness of the high-quality standards demanded by large industries. However, as more consumers are now aware of chia seeds and its benefits, the market is likely to witness tremendous growth shortly, globally. Key Highlights: In March 2018, Mamma Chia releases clean energy beverages. Key Market Insights from the report:         The global Chia Seeds market accounted for US$ 25,381.
Read more

Pressure Sensor Market is estimated to be US$ 30.24 billion by 2030 with a CAGR of 8.3% during the forecast period

Image
Global Pressure Sensor Market accounted for US$ 13.65 billion in 2020 and is estimated to be US$ 30.24 billion by 2030 and is anticipated to register a CAGR of 8.3%. A pressure sensor uses a pressure detecting device to translate changes in gas or liquid pressure into an electrical signal, and then generates an analogue output proportionate to the pressure or a switching output that functions at a specific pressure level. SUNX pressure sensors from Panasonic Industrial Devices use semiconductor transducers as sensing devices, which have a long life and great reliability.   Electronic and mechanical pressure sensors are the two types of pressure sensors. Mechanical pressure sensors, which are relatively inexpensive, were previously widely employed. Electronic pressure sensors, on the other hand, are becoming more popular due to their low dependability and short life. The report   "   Global Pressure Sensor Market, By Type (Piezoresistive, Capacitive, Resonant Solid State, Optical,
Read more