Savory Snack Products Market Size Worth USD 403.52 Billion By 2034 | CAGR: 5.7%

The global savory snack products market size is expected to reach USD 403.52 billion by 2034 according to a new study by Polaris Market Research. The report “Savory Snack Products Market Share, Size, Trends, Industry Analysis Report, By Distribution Channel (Retail, Foodservices); By Flavor (Barbeque, Spicy, Salty, Plain/Unflavored, Others); By Product; By Region; Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Changes in work culture and habits due to the pandemic impact have driven a shift in customer preferences towards savory goods. The global market for savory snack products is characterized by a large number of both organized and unstructured companies. A large portion of the savory snacks industry in most emerging nations is unorganized, as local firms offer a wide range of region-specific products. Moreover, manufacturers are introducing new ingredients, varieties, and processing techniques to fulfill demand and respond to changing consumer preferences, which has had a significant impact on the industry. For instance, in May 2021, Bikano debuted numerous new savory snacks such as Aloo Bhujia-Lemon Chaska, 'Daal Mixture,' and 'Dry Fruit Mixture.' The majority of these items are priced between INR 5 and 10 for each pack.

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/savory-snack-products-market/request-for-sample

The market has witnessed a shift towards different flavor profiles, beyond traditional offerings. This leverages global companies to create unique taste experiences that serve more refined and experimental palates. Brands are generating trial flavour products, which expand market scope and consumption. For instance, in January 2022, Hain Celestial agreed to buy ParmCrisps from Clearlake Capital Group, offering delicious, consumer-specific products. The acquisition strengthens Hain's position in the snacking sector and is a key step toward establishing Hain as a worldwide healthy food brand with strong growth potential. Also, in March 2021, Club Crisps and Town House Dipping Thins were introduced by Kellogg's Crackers. These two variations are thinner and crispier versions of the brands, giving snackers more options for customizing their eating experiences throughout the day. Thus, these investments by the major players for flavored refreshment launches and change in the habits of people has increased the demand for savory food products, which is driving the industry growth during the forecast period.

Major players such as Pepsico, Calbee, Conagra Brands, General Mills, Inc., ITC Limited, Kellogg Co., Grupo Bimbo, Hain Celestial, Blue Diamond Growers, Mars, Incorporated, Mondelez International, Nestle SA, The Kraft Heinz Company, and Universal Robina Corporation are some key players operating in the global market.

Polaris Market Research has segmented the savory snack products market report based on product, flavor, distribution channel, and region:

Savory Snack Products, Product Outlook (Revenue - USD Billion, 2020 - 2034)

• Potato Chips
• Extruded
• Popcorn
• Nuts & Seeds
• Puffed
• Tortillas
• Others

Savory Snack Products, Flavor Outlook (Revenue - USD Billion, 2020 - 2034)

• Barbeque
• Spice
• Salty
• Plain/unflavoured
• Others

Savory Snack Products, Distribution Channel Outlook (Revenue - USD Billion, 2020 - 2034)

• Retail
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others
• Foodservices

Savory Snack Products, Regional Outlook (Revenue - USD Billion, 2020 - 2034)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa