Savory Snacks Market: Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2020–2026
New Study Reports “Savoury Snacks Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.
SAVOURY SNACKS MARKET
Global Savoury Snacks Market is expected to grow at a CAGR of 5.1% to reach a market value of USD 142 billion by 2026.
Savoury snacks are made from raw materials such as vegetables (potato, carrot etc.), fruit, grains (such as wheat, maize, rye, and rice), starch, vegetable oils and seasonings. These are consumed in small quantity and don’t lead to much of fats. Savoury snacks includes variety of products including potato crisps, corn chips/ tortillas, puffed and baked snacks, crackers, pretzels, savoury biscuits, popcorn, meat snacks, peanuts and other snack nuts.
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The global Savoury Snacks Market is primarily driven by busy lifestyles and increased consumption of convenient food products like Savoury Snacks which are readily available in nearby store, by young people all around the world. Increase in the number of multiplexes and Video on demand services in the developing countries like India, China and Others along with the snacking habits of people while watching movies and series is increasing all around the world, which will be driving the market during the forecast period.
In 2018, India's media and entertainment sector, multiplexes have grown at a steady rate of over 10 per cent over the last years. For instance, PVR has 625 screens in 134 properties across India, including 155 screens in 23 properties in South India. The company expects to add 90 screens in the current financial year.
Rising health awareness and the consumption of healthy snacks like popcorn which quite healthy as it contains various proteins, antioxidants, polyphenolic compounds, fiber, and vitamin B complex making it the best snack for the people and hence this is driving the market for the Savoury Snacks all around the world for the forecast period. The nutrient content of a 100-gram (3.5-oz) serving of air-popped popcorn: Vitamin B1 (Thiamin): 7% of the RDI (Reference Daily Intake), Vitamin B3 (Niacin): 12% of the RDI, Vitamin B6 (Pyridoxine): 8% of the RDI, Iron: 18% of the RDI, Magnesium: 36% of the RDI, Phosphorus: 36% of the RDI, Potassium: 9% of the RDI, Zinc: 21% of the RDI, Copper: 13% of the RDI, and Manganese: 56% of the RDI.
Drivers & Trends
The reports cover key developments caused by ongoing trends and drivers influencing the Global Savoury Snacks Market. With the help of organic and inorganic growth approaches, multiple companies are concentrating on organic growth strategies such as product launches, product approvals and others such as patents and events. Whereas, other growth strategies activities witnessed in the market are purchases and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players, which could result in lucrative growth opportunities in the future. The report also encompasses the contours of chief companies, along with their SWOT analysis and market strategies.
Global Savoury Snacks Market– Competitive Analysis
Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Savoury Snacks is a competitive market with the presence of various global and regional players in the market. The major players include Foods PepsiCo Inc., Kraft Foods, ConAgra Foods, CALBEE, and Diamond. Other key players in the market include General Mills, Arca Continental, ITC, Kellogg Company, Universal Robina.
In April 2019, Kettle Chips has launched a range of chips in UK and will be distributed by D&D Snacks, Suma, and Hyder. And these will also be placed in stores of Sainsburys and Tesco initially.
In August 2018, Indian popcorn start-up Timla Foods raises $2 Million from Anicut Capital, an investment firm with a focus of small and medium enterprises (SMEs) for countrywide expansion.
This segment of the Global Savoury Snacks Market includes versions of incremental innovations from various regions, which add in the market’s growth. The critical regions mentioned for the study of the Global Savoury Snacks Market are Europe and North America and the Asia Pacific. The report analyzes the rise in regional shares from both demand and supply side that further estimates market dynamics influencing the market during the estimated period. The report also provides exhaustive analysis for all the regions mentioned above after assessing economic, political, social and technological factors affecting the market in these regions.
Comprehensive research methodology of Global Savoury Snacks Market.
This report also includes detailed and extensive market overview with gap analysis, historical analysis & key analyst insights.
An exhaustive analy sis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Global Savoury Snacks Market.
Insights about market determinants which are stimulating the Global Savoury Snacks Market.
Detailed and extensive market segments with regional distribution of forecasted revenues
Extensive profiles and recent developments of market players
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Some points from table of content:
1. Global Savoury Snacks Market Methodology and Scope
2. Global Savoury Snacks Market– Definition and Overview
3. Global Savoury Snacks Market– Executive Summary
4. Global Savoury Snacks Market–Dynamics
5. Global Savoury Snacks Market– Industry Analysis
6. Global Savoury Snacks Market– By Product Type
7. Global Savoury Snacks Market– By Distribution Channel
8. Global Savoury Snacks Market– By Region
9. Global Savoury Snacks Market – Competitive Landscape
10. Global Savoury Snacks Market – Company Profiles
10.1.1. Company Overview
10.1.2. Raw Material Portfolio and Description
10.1.3. Key Highlights
10.1.4. Financial Overview
10.2. Kraft Foods
10.3. ConAgra Foods
10.5. Diamond Foods
10.6. General Mills
10.7. Arca Continental
10.9. Kellogg Company
10.10. Universal Robina
11. Global Savoury Snacks Market – Premium Insights
12. Global Savoury Snacks Market – DataM
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