Savoury Snacks Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Savory snacks Market Report Overview
The savory snacks market size was valued at $176.7 billion in 2022. The increase in work-from-home culture pushed consumers to indulge in savory snacks for comfort and to relieve stress. With their busy lifestyles, consumers are inclined towards quick, convenient, and ready-made savory snacks replacing traditional meals. These factors will help the savory snacks market to record a CAGR of more than 8% during 2022-2027.
Savory Snacks Market Outlook 2022-2027 ($ Billion)
The savory snacks market report comprises a comprehensive overview of the global savory snacks sector. It includes an overall sector overview, insights on changes in consumption patterns, a list of high-potential countries, and a competitive landscape. The report also provides an overview of the current meat substitute scenario regarding the outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers a regional overview across five regions including Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
Market Size (2022) | $176.7 billion |
CAGR (2022-2027) | >8% |
Key Categories | Processed Snacks, Potato Chips, Nuts & Seeds, and Others |
Key Regions | Asia-Pacific, Western Europe, Eastern Europe, Americas, Middle East and Africa |
High-potential Countries | Japan, Thailand, Chile, Canada, the UK, Netherlands, Poland, Romania, UAE, and Israel |
Key Distribution Channels | Hypermarkets & Supermarkets, Convenience Stores, E-retailers, Food & drink specialists, and Others |
Key Packaging Materials | Flexible Packaging, Paper & Board, Rigid Plastics, Rigid Metal, and Glass |
Leading Players | PepsiCo, Intersnack Group, Conagra Brands, Want Want China Holdings, Three Squirrels, and Private Label |
For more insights on the savory snacks market forecast, download a free sample report
Savory Snacks Market Segmentation by Category
The key categories in the savory snacks market are processed snacks, potato chips, nuts & seeds, and others. In 2022, the processed snacks category dominated the savory snacks market share. Economic growth, growing young working population, and increasing disposable incomes in densely populated regions such as Asia-Pacific supported the savory snacks market growth.
Savory Snacks Market Analysis by Category, 2022 (%)
For more insights on the categories in the savory snacks market, download a free sample report
Savory Snacks Market Segmentation by Region
The key regions in the savory snacks market are Asia-Pacific, Western Europe, Eastern Europe, the Americas, and Middle East and Africa. In 2022, the Asia-Pacific region accounted for the largest revenues in the savory snacks market. The recovery of the largest economy in the region, China, after the lifting of the zero-COVID policy, will contribute to the region’s economic growth. With the major economies recovering, consumer spending on savory snacks will increase in the future. Furthermore, the rise in the working population propelled the demand for savory snacks in the region. Busy consumers are also increasingly depending on savory snacks as a quick meal replacement option.
Savory Snacks Market Analysis by Region, 2022 (%)
Savory Snacks Market – High-Potential Countries
The key high-potential countries in the savory snacks market are Japan, Thailand, Chile, Canada, the UK, Netherlands, Poland, Romania, UAE, and Israel.
For more insights on the country-wise regional insights in the savory snacks market, download a free sample report
Savory Snacks Market Segmentation by Distribution Channel
The key distribution channels in the savory snacks market are hypermarkets & supermarkets, convenience stores, e-retailers, and food & drink specialists among others. In 2022, the hypermarkets & supermarkets emerged as the leaders with the highest savory snacks market value, followed by convenience stores.
Savory Snacks Market Analysis by Distribution Channel, 2022 (%)
For more distribution channel insights in the savory snacks market, download a free sample report
Savory Snacks Market Segmentation by Packaging Materials
The key packaging materials mostly used in the savory snacks market are flexible packaging, paper & board, rigid plastics, rigid metal, and glass. In 2022, the flexible packaging was the majorly used packaging material in savory snacks market.
Savory Snacks Market Analysis by Packaging Materials, 2022 (%)
For more information on the packaging materials used in the savory snacks market, download a free sample report
Savory Snacks Market Segmentation by Leading Players
The key leading players in the savory snacks market are PepsiCo, Intersnack Group, Conagra Brands, Want Want China Holdings, Three Squirrels, and Private Label among others. In 2022, PepsiCo led the savory snacks market with the highest contribution share by value.
Savory Snacks Market Analysis by Leading Players, 2022 (%)
For more information on the leading players in the savory snacks market, download a free sample report
Reasons to Buy
- Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
Key Players
Intersnack Group GmbH & Co. KGConagra Brands Inc
Want Want China Holdings Limited
Three Squirrels Co Ltd
Link Snacks Inc.
Campbell Soup Company
Kellogg's Company
Calbee Inc.
Haldiram's India Pvt Ltd
The Kraft Heinz Company
Table of Contents
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Frequently asked questions
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What was the savory snacks market size in 2022?
The savory snacks market size was valued at $176.7 billion in 2022.
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What will be the savory snacks market CAGR during 2022-2027?
The savory snacks market will grow at a CAGR of more than 8% during 2022-2027.
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Which was the leading category in the savory snacks market?
The leading category in the savory snacks market was processed snacks.
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Which distribution channel dominated the savory snacks market?
Hypermarkets & supermarkets were the largest contributing distribution channel in the savory snacks market.
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Which packaging material dominated the savory snacks market?
Flexible Packaging was the most used packaging material in the savory snacks market.
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Who are the leading savory snacks market players?
PepsiCo, Intersnack Group, Conagra Brands, Want Want China Holdings, Three Squirrels, and Private Label are some of the leading players in the savory snacks market.
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