Meticulous Research® Forecasts Savory Snacks Market to Surpass $347.20 Billion by 2029

[Redding, California, March 19, 2024] - Meticulous Research®, a leading provider of comprehensive market insights, has recently published an exclusive report titled "Savory Snacks Market by Type, Flavor, Distribution Channel - Forecasts to 2029." According to this report, the global savory snacks market is anticipated to achieve a remarkable valuation of $347.20 billion by 2029, with an impressive CAGR of 7.3% during the forecast period spanning from 2022 to 2029.

Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5402

Savory snacks, characterized by their salty or spicy flavor profiles, have garnered significant consumer attention worldwide. These snacks, crafted from a variety of ingredients such as vegetable oils, nuts, seeds, and grains, offer a rich source of nutrients, minerals, vitamins, and fibers. The market is primarily propelled by the escalating demand for healthy snacking options, the surge in convenience foods consumption, and the proliferation of retail outlets globally.

Impact of COVID-19:
Amidst the challenging backdrop of the COVID-19 pandemic, the savory snacks market experienced a notable surge in demand. National lockdowns and stay-at-home orders prompted consumers to gravitate towards savory snacks for their longer shelf life and convenience, driving sales through both traditional and e-commerce channels.

The savory snacks market study presents historical market data in terms of value (2020 and 2021), estimated current data (2022), and forecasts for 2029. This market is segmented by type, flavor, distribution channel, and geography.

Browse in depth @ https://www.meticulousresearch.com/product/savory-snacks-market-5402

Key Market Insights:
Based on type, the potato chips segment emerged as the market leader, owing to factors such as taste, affordability, and widespread availability. However, the nuts & seeds segment is poised for significant growth, fueled by increasing awareness of their nutritional benefits and technological advancements.

Based on Flavor, the plain/unflavored segment currently dominates the savory snacks market, Consumers are increasingly drawn towards plain/unflavored flavor profiles, driving innovation and product diversification in this segment. However, the spice segment is projected to witness substantial growth in the coming years.

Based on distribution channel, supermarkets & hypermarkets currently hold the largest market share, attributed to their extensive presence and consumer preference for in-store shopping. However, online stores are expected to witness remarkable growth, driven by factors such as internet penetration and consumer convenience.

Based on geography, North America is expected to lead the market in 2022, driven by a well-established food industry, rising health consciousness, and consumer preferences for clean-label snacks. Changing consumption habits, including increased snacking between meals, further contribute to the region's market growth.

Quick Buy - Savory Snacks Market - Global Opportunity Analysis and Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/58948453

Strategic Market Players:
Key players shaping the savory snacks market landscape include General Mills, Inc., Kellogg Company, The Kraft Heinz Company, PepsiCo, Inc., and Nestlé S.A., among others. These industry leaders continually innovate to meet evolving consumer preferences and market demands.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.