Press release
Baked Savory Snacks Market Is Poised To Generate Revenue Over USD 373900 Million By The End Of 2030
The Global Baked Savory Snacks Market size was reasonably estimated to be approximately USD 269220 Million in 2023 and is poised to generate revenue over USD 373900 Million by the end of 2030, projecting a CAGR of around 4.80% from 2023 to 2030.
The Baked Savory Snacks Market comprises a variety of snack products that are baked rather than fried, making them a healthier alternative to traditional fried snacks. Baked savory snacks encompass a range of items such as baked chips, crackers, pretzels, and puffed snacks. These products are popular among consumers looking for tasty and convenient snacks while being mindful of their health and dietary choices.
The global Baked Savory Snacks Market has experienced steady growth due to increasing health consciousness, rising consumer demand for healthier snack options, and the development of innovative and flavourful baked snack products.
Top Key Players Involved Are:
PepsiCo (US), The Kraft Heinz Company (US), The Kellogg Company (US), Orkla ASA (Norway), Calbee (Japan), Hain Celestial (US), Europe Snacks (France), Conagra Brands, Inc (US), Consolidated Biscuit Co. Ltd (Pakistan), General Mills, Inc. (US), Blue Diamond Growers (US), Calbee Foods (Japan), American Pop Corn (US), ITC Limited (India), Grupo Bimbo (Mexico), Amplify Snack Brands Inc. (US), Chaucer Foods Ltd. (England), Diamond Foods (US), Amica Chips (Italy), Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany) And Other Major Players.
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Market Dynamics:
Driver:
As consumers become more health-conscious, there is a growing demand for snacks that are perceived as healthier alternatives to fried and high-calorie options. Baked savory snacks, which are generally lower in fat and calories, align with the health and wellness trend, driving market growth. The prevalence of snacking between meals has increased, driven by busy lifestyles and the desire for convenient and on-the-go food options. Baked savory snacks cater to this snacking culture, offering portable and satisfying choices.
Opportunities:
The growth of online retailing and e-commerce platforms offers an opportunity for baked savory snack brands to expand their reach to a broader audience. Leveraging digital channels can enhance product visibility and accessibility, especially to consumers in remote or underserved areas. Baked savory snacks are gaining popularity beyond traditional markets. There is an opportunity for manufacturers to explore global market expansion and cater to the preferences of diverse consumer demographics in different regions. In conclusion, the Baked Savory Snacks Market is driven by the health and wellness trend, the rise of snacking culture, and product innovation. Companies operating in this market can capitalize on opportunities related to clean label and natural ingredients, gluten-free and plant-based options, e-commerce platforms, and global market expansion to foster growth and success in the baked savory snacks industry.
Market segmentation:
By Product Type
• Baked Chips
• Baked Extruded Snacks
• Baked Crackers
• Baked Nuts
• And Seeds
• Others
By Application
• By Distribution Retail/Household Consumption
• Foodservice Industry
• Airline And Travel Catering
• Institutional And Healthcare
• Others
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Regional Analysis of The Global Baked Savory Snacks Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
Asia Pacific region is home to a significant portion of the world's population, including countries such as China and India. As the population grows and disposable incomes rise, there is an increased demand for convenient and affordable snack options. Baked savory snacks, with their wide variety of flavors and affordable price points, cater to the snacking preferences of the growing middle-class population in the region.
By region:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Key Industry Developments In The Global Baked Savory Snacks Market
July 1, 2021, PepsiCo plans to promote healthier snacks in Europe and diversify its snack portfolio with nutritious options. Inspired by the success of their sugar-free beverages, they aim to make healthier snacks their fastest-growing food category in the next four years. The company is determined to build a $1 billion portfolio in this category by 2030.
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Table of content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product Type
3.2 By Application
3.3 By Distribution Channel
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
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Chapter 5: Baked Savory Snacks Market by Product Type
5.1 Baked Savory Snacks Market Overview Snapshot and Growth Engine
5.2 Baked Savory Snacks Market Overview
5.3 Baked Chips
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2030F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Baked Chips: Geographic Segmentation
5.4 Baked Extruded Snacks
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2030F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Baked Extruded Snacks: Geographic Segmentation
5.5 Baked Crackers
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2030F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Baked Crackers: Geographic Segmentation
5.6 Baked Nuts
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2030F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Baked Nuts: Geographic Segmentation
5.7 Others
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2030F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others: Geographic Segmentation
Chapter 6: Baked Savory Snacks Market by Application
To be continued….
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