(2019 – 2024) Savory Snacks Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Savory Snacks Market is expected to grow at a CAGR of 4.2% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Savory Snacks market and main aspect about report- why should you buy this research report? so don’t miss it.
Savory Snacks Market Overview:
The savory snacks market is forecasted to record CAGR 4.2% during the forecast period (2019-2024).
– The market is driven by increasing demand for convenient food products with an on-the-go trend for snacking options, particularly growing preference for meat-based snacks.
– Savory snack manufacturers have been coming up with diversified product offerings in terms of new flavor profiles and shapes to gain consumer attention.
– There exists huge opportunity among the companies with new product developments and innovations. Also, the regional players are expected to increase their market penetration with improved retail landscape and marketing strategies
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List of Top Key-players/Leading Manufacturers of Savory Snacks Market:
Scope of the Savory Snacks Market Report:
The global savory snacks market is segmented by product type, is available for potato chips, extruded snacks, nuts & seeds, popcorn, meat snacks, and others. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialist retailers, convenience stores, online channels, and others. It also provides an analysis of the savory snack market in the emerging and established geographical regions by covering regions, such as North America, Europe, South America, Asia-Pacific, and Africa.
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Key Trends of Savory Snacks Market:
Growing Popularity for Meat-based Snacks
With the growing consumer awareness regarding healthy snacking habits, consumers are looking for something that has more substance or staying power than chips and candies. This makes way for the inclusion of protein-rich snacks, such as lean beef or turkey, in regular diet, which, in turn, enables the players in the market to come up with more meat-based snacking options.
Traditionally, meat snacks were typically carried in convenience stores, but as more consumers demanded healthier and leaner snacks, the more the retail channels are selling them. High market penetration and growing consumer demand for meat snacks are expected to drive the overall demand for savory snacks.
North America Held the Maximum Share in the Market
Global savory snack market continues to grow in the North American region as the consumers continue to prioritize the portability, convenience, and indulgence offered by the savory snacks. The growth of savory snacks is driven by consumers, who want to be offered tasty products without minding the nutritional value, like potato chips, puffed snacks, or savory biscuits. The Frito Lay Corporation dominates the savory snack food sector, whereas, Chips/crisps and tortilla/corn chips are the two most popular snack selections of American consumers, with chips/crisps capturing the highest value sales. Consumer preferences for snacking in Western Europe have changed over the years, with a growing preference for health base snacks.
Reasons to Purchase Savory Snacks Market Report:
- The report analyses how the stringent emission control norms will drive the global Savory Snacks market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Savory Snacks market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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