Savory Snacks Market Current Scenario and Future Growth Analysis by 2027

Savory snacks are made using staple raw materials such as grains (wheat, rice, maze, rye etc.), fruits, vegetables, pulses, vegetable oils, starch, and flavorings. Savory snacks include wide range of products such as puffed snacks, potato crisps, corn chips, tortillas, crackers, baked snacks, savory biscuits, pretzels, popcorn, meat snacks, peanuts, and other snack nuts. Savory snacks are enjoyed by all age groups and are consumed during various occasions. For instance, in France, it is consumed as an aperitif, while in Germany it is often consumed on social occasions with friends and family. Due to consumer preference towards healthy snacking options, manufacturers are offering wide range of products, which are gluten free, contains natural ingredients and no added preservatives, low or no trans-fat, vegan, and low or no allergens.

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Increasing health awareness among consumers is resulting in shifting preference towards healthy snack products. The health benefits offered by nut consumption, as nuts are rich source of vitamins, unsaturated fatty acids, fibers, and minerals, is driving market growth of snack nut products, which in turn is driving growth of the savory snacks market. For instance, according to European Snacks Association, snack nut consumption in Europe increased by 76% between 2009 and 2018. According to the same source, Dutch is the biggest consumer of snack nuts in Europe with consumption of 2.9 kg per capita.

MARKET TAXONOMY

On the basis of product type, the savory snacks market is segmented into:
Nuts & Seeds
Salty Snacks
Savory Biscuits
Popcorn
Pretzels
Others

On the basis of flavor type, the savory snacks market is segmented into:
Unflavored/Plain
Salted
Hummus
Peanut Butter
Sweet & Salty
Others

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Major players operating in the savory snacks market include PepsiCo Inc., Kellogg Company, Kraft Heinz Company, Conagra Brands, Inc., Campbell Soup Company, Calbee Inc., Lorenz Bahlsen Snack-World GmbH & Co KG, Orkla ASA, Mondelez International Inc., and Intersnack Group GmbH & Co. KG.

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This release was published on openPR.