Pakistan Savory Snack Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.41 % |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Pakistan Savory Snack Market Analysis
The Pakistan Savory Snack Market size is estimated at USD 610.28 million in 2023, and is expected to reach USD 956.79 million by 2028, growing at a CAGR of 9.41% during the forecast period (2023-2028).
The COVID-19 pandemic significantly impacted the savory snacks market in Pakistan as impulse sales were hit by lockdown due to stock shortages, which increased the at-home consumption of snack products in Pakistan. The COVID-19 pandemic resulted in the generation of opportunities for many savory snack industry private players to emerge in the markets to cater to the inflated demand. The demand for innovative savory snacks has been predominantly high as these are a quick and convenient means of satisfying hunger in between meals.
Over the medium term, the consumers in the country constantly seek convenient snacking options that are being upgraded by the major manufacturers operating in the Pakistani savory snack market. The change in consumers' preference has shown a greater inclination toward spicy flavors of savory snacks in Pakistan.
New domestic brands of affordable and high-quality potato chips led to the replacement of loose Off-Brand chips. Higher disposable incomes, increasing brand awareness, and introducing various flavors contribute to the market growth.
Pakistan Savory Snack Market Trends
Increasing Demand for Convenient Snacking Options
- Consumers in the country constantly seek convenient snacking options that are being upgraded by the major manufacturers operating in the studied market. The demand for convenient snacks is increasing due to changes in social and economic patterns, as well as increased expenditure on food and beverages. Convenient snacks, like potato chips, extruded snacks, nuts and seeds, and popcorn, are becoming extremely popular, especially among the working population of the country, the rising young generation of consumers, and the people living in hostels due to their hectic lifestyles.
- Furthermore, the prevalence of diabetes across the nation has encouraged many consumers to switch to savory snacking options. As per the World Bank data, approximately 30.8% of the population residing in Pakistan had diabetes in 2021. This factor is also expected to contribute to the market's growth. Moreover, the on-the-go snacking concept is linked to easy consumption. It is relatively easier to handle savory snacks like popcorn, and potato chips, to name a few.
- Also, popcorn, nuts and seeds, and extruded snacks can help prevent people from getting too hungry for junk foods, as these serve as ideal eatables between breaks or whenever they are hungry without having to cook every time. Savory snacking options help the consumers save time on cooking at home, especially in times of minor hunger urges, and also serve as convenient tiffin options for school/college-going children and even between work sessions.
Supermarkets as the Fastest Growing Distribution Channel
- Consumers in urban areas have recently switched from traditional grocery stores to branded grocery chains due to changing consumer lifestyles, the availability of global brands, and technological interventions. This change in consumer behavior is, in turn, expected to drive the savory snack market through supermarkets. The segment accounts for a substantial share of the savory snack market, owing to its friendly format among consumers with a real feel of shopping experience.
- The supermarket/hypermarket channels are thus the foremost preference of the savory snack manufacturers to launch new products and increase their market share because of the increasing footfalls witnessed compared to other distribution channels.
- Moreover, the increasing market share of the hypermarket segment can be attributed to the consumers' practice of purchasing products in bulk and family packs. Consumers prefer making fewer trips to the stores to receive more value for their money, which, in turn, is increasing the sales of savory snacks via supermarkets/hypermarkets across the nation.
- Many supermarket chains have been expanding their presence across Asia, including Pakistan. As of 2021, there were 4 Carrefour outlets across Asia. Discount offers and ease of shopping have also attracted consumers to supermarkets. These factors are expected to drive the market's growth through supermarkets over the forecast period.
Pakistan Savory Snack Industry Overview
The Pakistani savory snack market is highly competitive due to the presence of various local and international vendors. Some of the major players in the market are PepsiCo Inc., the Kellogg Company, Nimco's, Rehmat-e-Shereen, and United Snacks. One of the most important strategies companies are implementing is making major efforts to penetrate the retail channels, which eases the circulation of products into the consumer market.
Most of the major companies operating in the Pakistani market offer a wide range of products to their consumers. For instance, Shahi owns state-of-the-art manufacturing facilities, allowing the company to meet heavy demands for savory snacks, majorly arising from the country's urban areas. Moreover, key players are now focusing on social media platforms and online distribution channels for the online marketing and branding of their products to attract more customers.
Pakistan Savory Snack Market Leaders
NIMCO’S
PepsiCo Inc.
United Snacks (Pvt ) Limited
The Kellogg Company
Rehmat-e-shereen
*Disclaimer: Major Players sorted in no particular order
Pakistan Savory Snack Market News
- March 2023: PepsiCo Pakistan organized an event to celebrate World Water Day 2023 by sharing the fact that the company is replenishing a significant share of the water they use at their snack manufacturing facilities in the Sundar and Multan watersheds. This move was intended to build a positive brand image in the minds of consumers across the region.
- May 2019: PepsiCo officially opened its new manufacturing facility in the city of Multan. The plant produce and supplies snacks, such as Lay's and Kurkure, for Pakistan and its export markets.
Pakistan Savory Snack Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
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 Type
5.1.1 Potato Chips
5.1.2 Extruded Snacks
5.1.3 Nuts and Seeds
5.1.4 Popcorn
5.1.5 Other Product Types
5.2 Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 PepsiCo Inc.
6.3.2 Capital Group of Companies
6.3.3 United Snacks (Pvt) Limited
6.3.4 Nimco's Corner
6.3.5 Shahi Group
6.3.6 Rehmat-e-Shereen
6.3.7 Dalda Foods Ltd
6.3.8 Bhaya Foods Industries
6.3.9 The Kellogg Company
6.3.10 Ismail Industries
6.3.11 Kernelpop
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pakistan Savory Snack Industry Segmentation
Savories are defined as having a pleasantly salty taste or smell without much (if any) sweetness.
The Pakistani savory snack market is segmented by product type and distribution channel. By product type, the market is segmented into potato chips, extruded snacks, nuts and seeds, popcorn, and other product types. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | |
| Potato Chips | |
| Extruded Snacks | |
| Nuts and Seeds | |
| Popcorn | |
| Other Product Types |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
Pakistan Savory Snack Market Research FAQs
What is the current Pakistan Savory Snack Market size?
The Pakistan Savory Snack Market is projected to register a CAGR of 9.41% during the forecast period (2024-2029)
Who are the key players in Pakistan Savory Snack Market?
NIMCO’S, PepsiCo Inc., United Snacks (Pvt ) Limited, The Kellogg Company and Rehmat-e-shereen are the major companies operating in the Pakistan Savory Snack Market.
What years does this Pakistan Savory Snack Market cover?
The report covers the Pakistan Savory Snack Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pakistan Savory Snack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Snack Food Industry Report
Statistics for the 2024 Pakistan Savory Snack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pakistan Savory Snack analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
