Who are the key players in Savory Snacks Market?

ConAgra Brands Inc., General Mills Inc., ITC Limited, The Kelloggs Company and PepsiCo Inc. are the major companies operating in the Savory Snacks Market. Read More

Which is the fastest growing region in Savory Snacks Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Savory Snacks Market?

In 2024, the North America accounts for the largest market share in Savory Snacks Market. Read More

What years does this Savory Snacks Market cover, and what was the market size in 2023?

In 2023, the Savory Snacks Market size was estimated at USD 224.41 billion. The report covers the Savory Snacks Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Savory Snacks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key sustainability practices being adopted by Savory Snack manufacturers?

The key sustainability practices being adopted by Savory Snack manufacturers are a) Use of eco-friendly packaging materials b) Responsible sourcing of ingredients c) Reduction of food waste throughout the supply chain Read More

Savory Snacks Market Size

Market Size of Savory Snacks Industry

Study Period	2019 - 2029
Market Size (2024)	USD 238.81 Billion
Market Size (2029)	USD 319.98 Billion
CAGR (2024 - 2029)	6.03 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Savory Snacks Market Analysis

The Savory Snacks Market size is estimated at USD 238.81 billion in 2024, and is expected to reach USD 319.98 billion by 2029, growing at a CAGR of 6.03% during the forecast period (2024-2029).

The demand for organic snacking options is increasing due to the gaining health consciousness among consumers and the developing health issues resulting from hectic lifestyles. This changing trend has led savory snack manufacturers to develop snacking products containing fiber, energy, and proteins. Also, there is increasing consumer demand for nutritious products with limited ingredients or claims, like clean labels. Consumers are increasingly paying attention to the composition of food products and how this information is communicated on the packaging. Clean label responds to the growing consumer demand for information and transparency. This has fueled the market growth for healthy savory snacks, including roasted and lightly spiced nuts and seeds.

Moreover, the on-the-go snacking concept is linked to easy consumption and is relatively easier to handle, which savory snacks, like popcorn and potato chips, offer. 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 in between breaks or whenever people do not have time to cook.

Savory Snacks Industry Segmentation

Savory snacks are small servings of food with a salty or spicy flavor rather than a sweet one. The global savory snacks market is segmented by product type, distribution channel, and geography. Based on the product type, the market is segmented into 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. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers market size and forecasts in value (USD million) for the above segments.

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

Distribution Channel
		Hypermarkets/Supermarkets
		Specialty Stores
		Online Store
		Convenience Stores
		Other Distribution Channels

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	United Kingdom
	Germany
	Spain
	France
	Italy
	Russia
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	United Arab Emirates
	South Africa
	Rest of Middle-East and Africa

Need A Different Region Or Segment?

Customize Now

Savory Snacks Market Size Summary

The global savory snacks market is experiencing a notable expansion, driven by evolving consumer preferences and lifestyle changes. As health consciousness rises, there is a growing demand for organic and nutritious snacking options, prompting manufacturers to innovate products that are high in fiber, energy, and proteins. The trend towards clean labels, which emphasize transparency and simplicity in ingredient lists, is gaining traction among consumers who are increasingly scrutinizing food compositions. This shift is particularly evident in the popularity of healthier savory snacks such as roasted and lightly spiced nuts and seeds. The convenience of on-the-go snacking, offered by products like popcorn and potato chips, aligns with the busy lifestyles of consumers, making these snacks ideal for quick consumption during breaks or as meal substitutes. The market is further bolstered by the rising demand for low-fat savory snacks, reflecting a broader focus on fitness and well-being.

North America stands out as a dominant region in the savory snacks market, with consumers favoring the portability and indulgence these snacks provide. The snackification trend, where snacking becomes a regular part of daily meals, is prevalent across all age groups in this region. Key players like Frito-Lay Corporation are capitalizing on this trend by offering a variety of flavors and innovative products that cater to health-conscious consumers, such as those without artificial additives or preservatives. The competitive landscape is marked by strategic product launches and expansions, with major companies like General Mills Inc., PepsiCo, Inc., and The Kelloggs Company actively seeking to enhance their market presence through mergers and acquisitions. These strategies are crucial for maintaining a competitive edge in a rapidly evolving market, as evidenced by recent product introductions and flavor innovations.

Explore More

Savory Snacks Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
2. 1.2 Market Restraints
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 Potato Chips
  2. 2.1.2 Extruded Snacks
  3. 2.1.3 Nuts and Seeds
  4. 2.1.4 Popcorn
  5. 2.1.5 Meat Snacks
  6. 2.1.6 Others
2. 2.2 Distribution Channel
  1. 2.2.1 Hypermarkets/Supermarkets
  2. 2.2.2 Specialty Stores
  3. 2.2.3 Online Store
  4. 2.2.4 Convenience Stores
  5. 2.2.5 Other Distribution Channels
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 United Kingdom
    2. 2.3.2.2 Germany
    3. 2.3.2.3 Spain
    4. 2.3.2.4 France
    5. 2.3.2.5 Italy
    6. 2.3.2.6 Russia
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 United Arab Emirates
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa