Savory Snacks Market Size Anticipated to reach at a to USD 188.9 billion by 2032, CAGR of 4.85% by 2023 - 2032
The #Savorysnacksmarket insights offered by the recent analysis by Market Research Future (MRFR) data reports shows that the global savory snacks market is projected to expand at 4.85% CAGR during the review period (2022 - 2030). The report further projects that the market is predicted to attain a?Savory Snacks Market?share of around USD 188.9 Billion by the end of 2030, propelled by the changing millennial Savory snacks market trends toward snacking, improved packaging, and a rise in demand for nutritional food.
Savory snacks are popular with consumers for their taste, convenience, and health benefits. Furthermore, the wide variety in flavors, types, and shapes has driven the high demand for savory snacks. Companies also use different promotional strategies such as franchising, discounts, brand collaborations, and others to influence consumers' buying decisions. The changing lifestyles of people have also significantly impacted the market by promoting the consumption of ready-to-eat snacks.
Market Segmentation
The market has been segmented based on type: biscuits & cookies, namkeen/savory, chips/crisps/crackers, and others.
Based on distribution channels, the market for savory snacks has been fragmented into grocery stores, convenience stores, e-commerce, food service, and others.
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Key Players
The list of leading players across the market for savory snacks profiled by MRFR includes Conagra Brands , Inc. (U.S.), Frito-Lay (U.S.), 亨氏 Heinz Company (U.S.), Calbee America , Inc. (Japan), 百事 , Inc. (U.S.), The Kellogg Company (U.S.), 雀巢 S.A. (Switzerland), Unity Foods Pvt. Ltd. (Pakistan), Intersnack Group (Germany), and Santa Maria Holding AB (Sweden).
Market Forecast
As the demand for savory snacks is increasing globally, it is projected that the market will likely witness considerable development during the forecasted period. The prime propelling aspects of the savory snacks market are the rising trend of convenience snacking, changing consumer preferences, advancement in packaging, and increasing consumer spending on snacks.
According to MRFR analysis, the savory snacks market is predicted to attain a valuation of around USD 188.06 Billion by the end of 2030.