Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Savory Snacks Market Outlook (2022 to 2032)

According to Future Market Insights research, during the projected forecast period, the Savory Snacks market is expected to grow at a CAGR of 4.1%. The market value projected to increase is from USD 274.9 Billion in 2022 to USD 410.9 Billion by 2032. The Savory Snacks market was valued at USD 267.2 Billion at the end of 2021 and is anticipated to exhibit Y-o-Y growth of 2.9% in 2022.

Market Size Value in 2022

USD 274.9 Billion

Market Forecast Value in 2032

USD 410.9 Billion

Global Growth Rate (2022 to 2032)

4.1% CAGR

Forecast Period

2022 to 2032

US market share of Savory Snacks

32%

Savory snacks include foods like potato chips, tacos, savory biscuits, and other baked snacks that contain salts. They fall under the category of convenience foods because they are time-saving. Consumers' growing knowledge of the health advantages of salty snack intake is a key trend that has a big impact on the expansion of the global savory snack market.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Historical Outlook vs. Future Projection of Savory Snacks Market

In the historical outlook, CAGR observed during the years 2017 to 2021 for the Savory Snacks market is 3.7%.

The main driver of the food and beverage industry's expansion is health consciousness. Because consumers are more concerned about their health than ever, numerous sectors, particularly the food processing industry, have been encouraged to manufacture food products with outstanding health benefits.

Manufacturers in the market for savory snacks spend a lot of money on research and development to create new products with high nutritional value and beneficial aspects for health. Due to their growing appetite for snacks, millennials are anticipated to contribute to the industry's growth during the projection period.

Country-wise Insights

How North America Savory Snacks market is shaping?

Growing demand for convenience foods and the rising disposable income of consumers in the region drive the global market for savory snacks in North America.

The United States and Canada are expected to make important contributions to the industry's expansion in this region.

The US contributes 32% of the total revenue for the Savory Snacks Market.

How Europe Savory Snacks market is shaping?

The convenience and flavor that savory snacks provide to consumers in Europe are key selling points. Europe is now the second-largest market after North America since revenue there is anticipated to soar. The region's industry's expansion is heavily influenced by consumer health consciousness.

Germany contributes 22.2% to the Savory Snacks market and UK CAGR for the forecast period is 5.8%.

How Asia Pacific is growing in the Savory Snacks market?

With a double-digit CAGR during the projection period, the Asia Pacific market is anticipated to develop the fastest. The rise in the Asia Pacific region is fueled by rising disposable income, expanding populations, and rising demand for convenience foods.

Over the course of the forecast period, the availability of a wide range of tastes and rising consumer disposable income in Asia Pacific are two factors that are anticipated to drive the worldwide savory snacks market ahead.

Japan's contribution to the Savory Snacks market is 7.4% of the total market share, India and China are market drivers in the Asia Pacific and their latest CAGR in the Savory Snacks market are 3.9% and 3.5% respectively.

What is the MEA Savory Snacks market situation?

The Savory Snacks market in MEA is expected to grow at a medium pace over the forecast period. Urbanization, Health Consciousness, and disposable income will be the factor for the growth of the Savory Snacks market.

How the RoW is responding to the Savory Snacks market?

From the Oceania region, Australia is contributing 2.3% of the total revenue of the Savory Snacks market.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Category Wise Analysis

What type of preferences do people have in the Savory Snacks market?

Savory snacks are clearly preferred over sweet ones. Savory snacks make up a higher portion of the overall snack market, which reflects this. Second, crunchy snacks are preferred above soft snacks in the savory snack category. This is demonstrated by the greater market share of crunchy-savory snacks in the entire savory snack industry.

How do the preferences in the Savory Snacks market impact manufacturers?

Preferences have important implications for manufacturers and retailers. For manufacturers, it means that they need to focus on developing new savory snack products that are either crunchy or have some other unique selling point. For retailers, it means that they need to stock a greater variety of savory snacks in order to meet consumer demand.

What are the current trends in the Savory Snacks market?

Low in calories and gluten-free, savory snacks are suitable for those with diabetes and obesity. Because consumers are concerned about the food they eat, they choose to spend money on sugar-free, healthful food products.

The food and beverage sector is striving to stop diabetes by developing sugar-free goods because it has become a global threat.

Which Sales channel is in demand for the Savory Snacks market?

After the outbreak of the COVID-19 pandemic, online retailers gain more preference from costumers due to convenience and direct channels without agents.

In addition, the availability of savory snacks in a variety of retail outlets is anticipated to support the industry's expansion during the course of the projection period.

Industrial Distributers Are Propelling the Growth in Industrial Savory Snacks Market

Consumers' growing knowledge of the health advantages of salty snack intake is a key trend that has a big impact on the expansion of the global savory snack market.

The market for savory snacks has grown tremendously as a result of the addition of proteins to snacks. The consumption of protein-rich snacks like lean beef and turkey is frequently tasty and delectable, which is predicted to lead to an increase in the demand for savory snacks internationally. In addition, the availability of savory snacks in a variety of retail outlets is anticipated to support the industry's expansion during the course of the projection period.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Competitive Landscape

There is no dominant company in the fiercely competitive global market. To support the industry's growth, major players still use tactics like product innovation and advertising.

Manufacturers in the market for savory snacks spend a lot of money on research and development to create new products with high nutritional value and beneficial aspects for health. Since consumers are more drawn to markets with variety, major players invest more in the development of new items. The market for savory snacks has grown tremendously as a result of the addition of proteins to snacks.

Savory Snacks Market Report Scope

Attribute

Details

Forecast Period

2022 to 2032

Historical Data Available for

2017 to 2022

Market Analysis

USD Billion for Value and Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
  • RoW

Key Countries Covered

  • The US
  • Germany
  • The UK
  • France
  • Brazil
  • Argentina
  • Japan
  • Australia
  • China
  • India
  • South Korea

Key Segments Covered

  • Type
  • Sales Channel
  • Region

Key Companies Profiled

  • ITC Limited
  • The Kellogg’s Company
  • General Mills
  • ConAgra Foods
  • PepsiCo Inc.
  • Mondelez International
  • Calbee Foods Co Ltd.
  • Blue Diamonds Growers
  • Arca Continental
  • Link Snacks Inc.

Report Coverage

DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Segmentation of Savory Snacks market

Segmentation by Type:

  • Nuts and Seeds
  • Extruded Snacks
  • Potato Chips
  • Meat Snacks
  • Popcorn
  • Others

Segmentation by Sales Channel:

  • Online Stores
  • Supermarket/Hypermarket
  • Convenience Stores
  • Specialty Stores
  • Others

Segmentation by Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • RoW

Frequently Asked Questions

What is the market size of Savory Snacks?

The global Savory Snacks market will reach a valuation of USD 274.9 Billion by the end of 2022.

What is the US, Savory Snacks Market Outlook?

The US Savory Snacks Market is contributing 32.0% of the total market share which values at USD 87.9 Billion.

Which are the major countries driving demand for Savory Snacks Market?

The US, Canada, Germany, the UK, France, Russia, China, Japan, South Korea, India, and Australia are the major countries driving demand for Savory Snacks Market.

What is the Germany, Savory Snacks Market Outlook?

The Germany Savory Snacks Market is contributing 22.2% of the total market share which values at USD 61.0 Billion.

Who are the top 5 players operating in the market?

• ITC Limited • The Kellogg’s Company • General Mills • ConAgra Foods • PepsiCo Inc. Above are the top 5 market players in Savory Snacks industry.

What is the contribution of Japan in Savory Snacks market?

The Japan Savory Snacks market contribution is 7.4% of the total market share.

At What Rate Will Savory Snacks market Grow in India?

The India Savory Snacks market will grow at 3.9% CAGR between 2022 and 2032.

What is the demand outlook forecast for the Savory Snacks market?

The global Savory Snacks market is forecasted to surpass USD 410.9 Billion by the end of 2032.

Recommendations

Food and Beverage

Kid Snacks Market

Published : July 2023

Food and Beverage

Dairy Snacks Market

Published : July 2023

Food and Beverage

Refrigerated Snacks Market

Published : May 2023

Food and Beverage

Fruit Snacks Market

Published : September 2022

Explore Food and Beverage Insights

View Reports

Savory Snacks Market

Schedule a Call