Savory Snacks Market Expected to Expand at a Steady CAGR through 2026
Availability of a large number of existing flavors along with increasing research and development by key market players to innovate new flavors is further anticipated to drive the market over the forecast period. In some regions the consumers growing inclination towards the organic foods is compelling the manufacturers to innovate their products for company retention. From the past few years, potato chips segment is on the lead, and this trend is likely to continue over the forecast period. Manufacturers have not only changed their manufacturing methods but also altered some contents in their snacks because of the increasing health concerns among the consumers.
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Based on the segment type the global savory snacks market is segmented into:
Based on the distribution channel the global savory snacks market is segmented into:
In terms of geography, the global savory snacks market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.The global savory snacks market is expected to register healthy CAGR during the forecast period. North America is anticipated to be the dominant market for global savory snacks market followed by Asia Pacific and Europe. The UK is the largest market for savory snacks in Europe, however, the per capita consumption of savory snacks is more in countries like Netherlands, Spain, and Norway. The savory snacks market in Asia-Pacific region is expected to grow at highest CAGR over the forecast period.
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Some of the key players in the global savory snacks market are PepsiCo., Kraft Foods, ConAgra Foods, CALBEE, Diamond Foods, General Mills, Intersnack Group GmbH, Lorenz Bahlsen, Kellogg company, and Orkla ASA etc.
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