Edit
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Savory Snack Product Market to reach USD 262.7 billion by 2028

Global Savory Snack Product Market Size study, by Product (Potato Chips, Extruded Snacks, Popcorn, Nuts & Seeds, Puffed Snacks, Tortillas), Flavour (Barbeque, Spice, Salty, Plain/Unflavoured), Distribution Channel (retail, foodservice), and Regional Forecasts 2021-2027

Product Code: OIRFB-45146046
Publish Date: 30-04-2022
Page: 200

Global Savory Snack Product Market is valued approximately at USD 184.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2021-2027. Savory snacks are foods that have a salty or spicy flavor rather than a sweet profile. Savory snacks are produced with a variety of ingredients such as vegetables, nuts, grains, fruits, vegetable oils, and spices. These tasty treats are loaded with fiber, vitamins, minerals. The market is driven by the key factors such as expansion of the retail industry globally and increasing demand for convenient food products. The retail industry is one of the world’s leading sales channels for savory snack goods. The United States, Canada, the United Kingdom, France, Australia, and other industrialized countries have a wide network of supermarkets and hypermarkets that serve the majority of the population. For instance, as per Statista, the total sales generated from retail market was USD 25 trillion in 2019 with the forecast to reach USD 27 trillion by 2022. Moreover, growing eCommerce penetration in the developing countries boost the market growth of savory snack product. For instance, as per Statista, e-commerce market in Africa expanded from 3.9 percent in 2019 to 27.9 percent in 2021. Further, it is forecast to reach 40 percent by 2025. However, growing inclination of consumers towards low fat and low sodium products impedes the growth of the market over the forecast period of 2021-2027.

The geographical regions considered for the study of global Savory Snack product market analysis includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is leading the market in terms of revenue. Factors such as growing demand of sacks and convenience food across the region. APAC is expected to be the fastest growing region in upcoming years owing to rising consumers’ preference for convenience food in an urbanized world.

Major market player included in this report are:
BLUE DIAMOND GROWERS
NESTLE SA
THE KRAFT HEINZ COMPANY
HAIN CELESTIAL
THE LORENZ BAHLSEN SNACK-WORLD GMBH & CO KG
CONAGRA BRANDS
GRUPO BIMBO
UNIVERSAL ROBINA CORPORATION
MARS, INCORPORATED
OLD DUTCH FOODS INC.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By product:
Potato chips
Extruded snacks
Popcorn
Nuts & seeds
Puffed snacks
Tortillas
Other products
By Flavor:
Barbeque
Spice
Salty
Plain/unflavoured
Other flavours
By distribution channel:
Retail
foodservice
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Savory Snack Product Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Savory snack products Market, by region, 2020-2028 (USD Billion)
1.2.2. Global Savory snack products Market, by Product, 2020-2028 (USD Billion)
1.2.3. Global Savory snack products Market, by Flavor, 2020-2028 (USD Billion)
1.2.4. Global Savory snack products Market, by Distribution channel, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Savory snack products Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Savory snack products Market Dynamics
3.1. Savory snack products Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Expansion of the retail industry globally
3.1.1.2. Increasing demand for convenient food products
3.1.2. Market Challenges
3.1.2.1. Growing inclination of consumers towards low fat and low sodium products
3.1.2.2. Health issues associated with consumption of snacks products
3.1.3. Market Opportunities
3.1.3.1. Growing eCommerce penetration in the developing countries
3.1.3.2. Increasing demand for healthy snacks
Chapter 4. Global Savory snack products Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Savory snack products Market, by Product
6.1. Market Snapshot
6.2. Global Savory snack products Market by Product, Performance – Potential Analysis
6.3. Global Savory snack products Market Estimates & Forecasts by Product 2019-2028 (USD Billion)
6.4. Savory snack products Market, Sub Segment Analysis
6.4.1. Potato chips
6.4.2. Extruded snacks
6.4.3. Popcorn
6.4.4. Nuts & seeds
6.4.5. Puffed snacks
6.4.6. Tortillas
6.4.7. Other products
Chapter 7. Global Savory snack products Market, by Flavor
7.1. Market Snapshot
7.2. Global Savory snack products Market by Flavor, Performance – Potential Analysis
7.3. Global Savory snack products Market Estimates & Forecasts by Flavor 2019-2028 (USD Billion)
7.4. Savory snack products Market, Sub Segment Analysis
7.4.1. Barbeque
7.4.2. Spice
7.4.3. Salty
7.4.4. Plain/unflavoured
7.4.5. Other flavors
Chapter 8. Global Savory snack products Market, by Distribution channel
8.1. Market Snapshot
8.2. Global Savory snack products Market by Distribution channel, Performance – Potential Analysis
8.3. Global Savory snack products Market Estimates & Forecasts by distribution channel 2019-2028 (USD Billion)
8.4. Savory snack products Market, Sub Segment Analysis
8.4.1. Retail
8.4.2. Food service
Chapter 9. Global Savory snack products Market, Regional Analysis
9.1. Savory snack products Market, Regional Market Snapshot
9.2. North America Savory snack products Market
9.2.1. U.S. Savory snack products Market
9.2.1.1. Product breakdown estimates & forecasts, 2019-2028
9.2.1.2. Flavor breakdown estimates & forecasts, 2019-2028
9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2028
9.2.2. Canada Savory snack products Market
9.3. Europe Savory snack products Market Snapshot
9.3.1. U.K. Savory snack products Market
9.3.2. Germany Savory snack products Market
9.3.3. France Savory snack products Market
9.3.4. Spain Savory snack products Market
9.3.5. Italy Savory snack products Market
9.3.6. Rest of Europe Savory snack products Market
9.4. Asia-Pacific Savory snack products Market Snapshot
9.4.1. China Savory snack products Market
9.4.2. India Savory snack products Market
9.4.3. Japan Savory snack products Market
9.4.4. Australia Savory snack products Market
9.4.5. South Korea Savory snack products Market
9.4.6. Rest of Asia Pacific Savory snack products Market
9.5. Latin America Savory snack products Market Snapshot
9.5.1. Brazil Savory snack products Market
9.5.2. Mexico Savory snack products Market
9.6. Rest of The World Savory snack products Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. BLUE DIAMOND GROWERS
10.2.1.1. KEY INFORMATION
10.2.1.2. OVERVIEW
10.2.1.3. FINANCIAL (SUBJECT TO DATA AVAILABILITY)
10.2.1.4. PRODUCT SUMMARY
10.2.1.5. RECENT DEVELOPMENTS
10.2.2. NESTLE SA
10.2.3. THE KRAFT HEINZ COMPANY
10.2.4. HAIN CELESTIAL
10.2.5. THE LORENZ BAHLSEN SNACK-WORLD GMBH & CO KG
10.2.6. CONAGRA BRANDS
10.2.7. GRUPO BIMBO
10.2.8. UNIVERSAL ROBINA CORPORATION
10.2.9. MARS INCORPORATED
10.2.10. OLD DUTCH FOODS INC.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now