Global Savory Snacks Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global savory snacks market in its upcoming report titled, “Global Savory Snacks Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global savory snacks market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global savory snacks market report has been segmented on the basis of product, distribution channel, and region.

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Savory snacks are instant and processed food that is manufactured from staple raw foods such as vegetables, fruits, grains, vegetable oils, starch, and seasonings. Savory snacks include potato chips, corn chips, puffed and baked snacks, popcorn, savory biscuits, peanuts, meat snacks, and other nut snacks. These savory snacks are consumed at different occasions such as meal accompaniment and eating on the go.

Growing awareness regarding the consumption of healthy food is expected to drive the market growth over the forecast period. Most of the people these days prefer snacks between meals coupled with growing consumer pro-activeness towards health problems due to consumption of inorganic food is estimated to boost the market growth over the forecast period. Increase in demand for packed food products is anticipated to propel the market growth over the forecast period.

Potato chips are estimated to account the major share of the market and is expected to maintain its dominance over the forecast period. Introduction of new products with different flavors to meet the customer preferences which are health favorable is expected to have a positive impact on the market growth. Potato chips are affordable snacks which are popular among all age groups.

Convenience stores are expected to account share major share of the market revenue and is estimated to grow over the forecast period. Convenience stores are built with an idea that customers can purchase their required products in an easy way. Availability of wide range of product and growing number of consumers preferring convenience stores is expected to drive the market.

The Asia Pacific is expected to account the major share of the market and is estimated to maintain its dominance over the forecast period. Presence of a large number of manufacturers in the region is expected to fuel the market growth. The market in Europe is estimated to grow over the forecast period owing to consumers preferring savory snacks as instant energy booster instead of a whole meal. The market is driven by the growing demand for savory snacks in countries such as UK, Spain, Germany, and the Netherlands.

Market segmentation and key players operating in the global savory snacks market:

By product:

• Potato chips
• Nuts & seeds
• Extruded snacks
• Popcorn
• Others

By distribution channel:

• Convenience stores
• Supermarkets
• Retailers
• Others

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa