Savory Snacks Market Growth, Size, Share, Industry Report and Forecast 2020-2026

The Asia-Pacific savory snacks market is estimated to witness a strong CAGR of 10.0% during the forecast period (2020-2026). Changing consumer lifestyles, product varieties, and growth in distribution channels are some of the factors contributing to the increasing sales of savory snacks. There is great potential in products targeted at teenagers and older children, particularly in the emerging markets. This is because parents are often willing to spend on their children before indulging themselves. A major trend across all markets at the moment is smaller package sizes as a way of encouraging more frequent snacking, by making it both convenient and easier to control portions. Changing dietary trends are prompting manufacturers to explore alternative recipes, like substitutes for salt, spices, and wheat. Packaged baked savory snacks are one of the major subtypes in the Asia-Pacific savory snack market.

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China is the largest contributor in the Asia-Pacific savory snacks market. With the continuous expansion in western-style food outlets in China, the consumption of ready-to-eat snacks, such as French fries, is expected to foster the moderate growth of the savory snack market in the country. Apart from being curious and patriotic, Chinese consumers are picky eaters. Commercially available savory snacks are likely accepted by consumers in the country, owing to their richness in taste and smell. The major manufacturers in the region keep themselves strictly aligned to the consumer needs and continue to incorporate naïve technologies assisting in the formulation of attractively packaged and labeled products, thus driving the market growth in the country.

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Market Coverage
• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Product and Distribution Channel
• Countries Covered- China, India, Japan, ASEAN, South Korea, and Rest of Asia Pacific
• Competitive Landscape- The Three Squirrels, Balaji Wafers Pvt Ltd., ITC, Ltd. PepsiCo, Inc., Snack Brands Australia, Hefei Huatai Food Co., Ltd., KOIKE-YA, Inc., Prataap Snacks, Ltd. and Want Want China Holding, Ltd., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia Pacific Savory Snacks Market Report Segment

By Product

• Extruded Snacks
• Potato Chips
• Nuts & Seeds
• Meat Snacks
• Popcorn
• Others

By Distribution Channel

• Conventional Stores (Offline)
• Online Retail

Asia Pacific Savory Snacks Market Report Segment by Region

• China
• Japan
• India
• ASEAN
• South Korea
• Rest of Asia-Pacific

Company Profiles

• Arca Continental, S.A.B. De C.V.
• Aryzta AG
• Balaji Wafers Pvt. Ltd.
• Blue Diamond Growers
• Calbee, Inc.
• Campbell Soup Co.
• Conagra Brands, Inc.
• General Mills, Inc.
• Grupo Bimbo
• Haldiram Foods International Pvt. Ltd.
• Herr Foods, Inc.
• Intersnack Group Gmbh& Co. KG
• ITC, Ltd.
• JFC International
• Lamb Weston Holdings, Inc.
• Link Snacks, Inc.
• Lorenz Bahlsen Snack-World Gmbh& Co KG
• Mccain Foods, Ltd.
• Mondelez International, Inc.
• Nestlé S.A.
• Oberto Group
• Pepsico, Inc.
• Prataap Snacks, Ltd.
• Snak King Corp.
• The Campbell Soup Company
• The Hain Celestial Group, Inc.
• The Kellogg Company
• The Kraft Heinz Co.
• Universal Robina Corp.
• Want Want Holdings Ltd.

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