Press release
Global Savory Snacks Market Size is expected to reach a value of US$ 327 Billion by 2028, by SkyQuest (2022 - 2028)
According to the latest research by SkyQuest Technology, the global Savory Snacks Market was valued at US$ 245.12 Billion in 2021, and it is expected to reach US$ 327 Billion by 2028, with a CAGR of 4.8% during the forecast period of 2022 - 2028. The research provides up-to-date Savory snacks market analysis of the current market landscape, latest trends, drivers, and overall market environment.Food products classified as savoury snacks have a salty or spicy flavour profile rather than a sweet one. They are made with a variety of components, including seasonings, nuts, cereals, vegetables, fruits, and oils from plants. They include a lot of vitamins, minerals, and other nutrients. The most popular varieties are salted biscuits, potato and corn chips, popcorn, pretzels, meat snacks, almonds, and seeds, which are typically eaten in modest amounts between meals.
One of the major reasons propelling the market's expansion is the expanding food and beverage sector, which is also contributing to consumers' increased inclination for on-the-go snacking options. The working population's evolving lifestyles and busy schedules have led to an increase in the use of convenience food items such savoury snacks worldwide. Additionally, manufacturers have created low-fat, gluten-free, organic, and protein-rich snacks, which are quickly gaining appeal among consumers due to the increased consumer awareness of good snacking habits. The launch of numerous lean beef or turkey- or other meat-based snacks has also contributed to the market's expansion. Additionally, producers are diversifying their product lines to appeal to a wider spectrum of consumers and satisfy dietary restrictions and flavour preferences. Rising disposable incomes, intensive R&D efforts to enhance product quality and production efficiency, as well as practical and appealing product packaging, are all factors that are considerably boosting the market's expansion.
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Read market research report, " Global Savory Snacks Market By Type (Potato Chips, Corn, Tortilla Chips, Others), By Flavour (Barbeque, Spice, Salty, Plain/Unflavored), By Distribution Channel (Hypermarkets & Supermarkets, Online, Others) & By Region - Forecast and Analysis 2022-2028" by SkyQuest
The prominent market players are constantly adopting various innovative ideas and growth strategies to capture more market share. Key industry players of the market include include PepsiCo (US), Kellogg Co. (US), General Mills Inc. (US), Calbee (Japan), ITC LIMITED (India), Mondelez International (US), Nestle SA (Switzerland), Grupo Bimbo (Mexico), Hain Celestial (US), Blue Diamond Growers (US), Conagra Brands (US), The Kraft Heinz Company (US), Mars, Incorporated (US), Universal Robina Corporation (Philippines), The Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany), Campbell Soup Company (US).
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Savory Snacks Market Revenue. The projections highlighted in the report have been determined utilizing demonstrated research approaches and suppositions.
Report Findings
• Drivers- The market for savoury snacks is driven by rising consumer demand for portable food items that are strong in protein and low in sugar for on-the-go snacking. Additionally, in order to attract customers, producers have provided a wide variety of creative products with fresh flavour profiles, ingredients, shapes, and packaging.
• Restraint- These negative health effects linked to the main components of savoury snacks, such as salt, sugar, vegetable oil, wheat, corn, and other flours, as well as chemical additives and preservatives, offer a significant barrier to market expansion over the forecast period. Frequent snacking adds extra calories to the body, which can cause obesity and rapid weight gain.
Get Detailed Information Here:
https://skyquestt.com/report/savory-snacks-market
What does this Report Deliver?
• Market Estimation for 20+ Countries
• Savory Snacks Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Savory Snacks Market Trends
• Comprehensive Mapping of Savory Snacks Industry Parameters
• Attractive Investment Proposition in the Global Savory Snacks Industry
• Competitive Strategies Adopted by Savory Snacks Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Savory Snacks Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Savory Snacks market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Savory Snacks Market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global Savory Snacks Market based on Type, Flavor, Distribution Channel and Region:
• Global Savory Snacks Market by Type (Revenue, USD Billion, 2021 - 2028)
o Potato Chips,
o Corn & Tortilla Chips
o Others
• Global Savory Snacks Market by Flavor (Revenue, USD Billion, 2021 - 2028)
o Barbeque
o Spice
o Salty
o Plain/Unflavored
• Global Savory Snacks Market by Distribution Channel (Revenue, USD Billion, 2021 - 2028)
o Hypermarkets & Supermarkets
o Online
o Others
• Global Savory Snacks Market by Region
• North America
▪ U.S.
▪ Canada
• Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
• Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
• Central & South America
▪ Brazil
▪ Rest of CSA
• Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA
Speak with our analyst for more information:
https://skyquestt.com/speak-with-analyst/savory-snacks-market
Key Players in the Global Savory Snacks Market
• PepsiCo (US)
• Kellogg Co. (US)
• General Mills Inc. (US)
• Calbee (Japan)
• ITC LIMITED (India)
• Mondelez International (US)
• Nestle SA (Switzerland)
• Grupo Bimbo (Mexico)
• Hain Celestial (US)
• Blue Diamond Growers (US)
• Conagra Brands (US)
• The Kraft Heinz Company (US)
• Mars, Incorporated (US)
• Universal Robina Corporation (Philippines)
• The Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany)
• Campbell Soup Company (US)
View Other Related Reports:
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https://www.whatech.com/og/markets-research/consumer/729106-global-rice-seeds-market-to-reach-usd-12-71-billion-by-2028
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SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals
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