Fatpos Global has released a report titled “Savory Snacks Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 388.19 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 5% between 2022 and 2032. According to the market research study, growing consumption of convenience food, increasing demand for healthy snacks, and expanding food and beverage industry are driving the growth of Savory Snacks market.
“Savory Snacks market is being driven by the growing prevalence of convenience food owing to the growing working population and hectic schedules of individuals. Rising demand for healthy snacks due to growing health consciousness among consumers will create opportunities for the market growth. ”, said a lead analyst at Fatpos Global.
Savory snacks are convenience food items which have spicy or salty flavor rather than a sweet profile. These food items are made using different seasonings, vegetables, grains, fruits, and nuts. They are ready-to eat food products and are very popular due to their long shelf life and time saving nature. Savory snacks are widely consumed on various occasions and in between meas. There are a variety of savory snacks such as French fries, tortillas, puffed snacks, popcorn, potato chips, extruded snacks, and nuts & seeds. Savory snacks are easily available at various online stores, supermarkets/hypermarkets, specialty stores, and convenience stores.
Savory Snacks market is classified on the basis of product into French Fries, Potato Chips, Nuts & Seeds, Puffed Snacks, Tortillas and Others. Potato Chips segment is dominating the market with the largest share. The growth is attributed to the rich flavor, easy availability, and cheap price of potato chips. Manufacturers have introduced new product variants seeking the wide consumption of potato chips across the globe.
Some of the key players operating in the Savory Snacks Market are PepsiCo, Kraft Heinz Company, The Lorenz Bahlsen Snack-World GmbH & Co KG, Premium Brands Holdings Corporation, Diamond Foods LLC., CALBEE, Inc., JACK LINK'S, LLC., Orkla ASA, Conagra Brands, Inc., General Mills, Inc., Intersnack Group GmbH & Co. KG, Kellogg Co., Mondelez International, ITC Limited, Nestle SA, and Other Prominent Players.
In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Savory Snacks Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Savory Snacks market is classified on the basis of product into French Fries, Potato Chips, Nuts & Seeds, Puffed Snacks, Tortillas and Others. Savory Snacks market is classified on the basis of flavor into Barbeque, Spice, Salty, Plain/Unflavored. Savory Snacks market is classified on the basis of distribution channel Supermarkets and Hypermarkets, Convenience Stores, Specialty Retailers, Online Stores, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
About Fatpos Global
Fatpos Global is a leading management consulting, advisory and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
For more details, reach out to us@ info@fatposglobal.com
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