Savory Snacks Market Analysis, Size, Growth and Forecast to 2020


The global savory snacks market was valued at $111.1 billion in 2014. The market is expected to grow at a CAGR of 7.1% during 2015 to 2020, to reach $166.6 billion by 2020.

The global savory snacks market is being driven by the rising urbanization, increasing per capita income (especially in developing countries), and changing food culture. The high growth of savory snacks market in Asia-Pacific region is mainly coming from the increasing demand from China and India, as they constitute large part of the global and regional population. The healthier alternatives to savory snacks, such as bakery products, fresh fruits, and juices, are hindering the savory snacks market growth; which is compelling companies to offer healthier snacking options. The demand for small pack sizes have been increasing considerably in certain countries, such as India and Mexico, due to increasing consumption from lower income groups and demographic changes.

Explore Report Description, TOC of Global Savory Snacks Market: https://www.psmarketresearch.com/market-analysis/savory-snacks-market

Globally, the Indian savory snacks market is expected to witness highest growth, 16.6% during the period 2015 – 2020, among all the countries. The U.K. is the forerunner in snack consumption across Europe. According to a food research company, the U.K. people snack 825 times a year as compared to the 807 times of the European consumers’ average. People in the age group 6years to 24 years are the largest savory snack consumers in U.K. The U.K. leads the savory snacks market in Europe; however, it is not the largest consumer in terms of per capita consumption. Countries such as Netherlands, Norway and Spain have a greater per capita consumption of savory snacks as compared to their British counterparts. According to European Snacks Association (ESA), the average annual per capita savory snacks consumption in Europe is about 3.6 kilogram.

Browse more reports on Consumer Products: https://www.psmarketresearch.com/industry-report/consumer-products

The increasing numbers of supermarkets and hypermarkets coupled with growing per capita income is encouraging people for bulk buying of savory snacks, which is mostly offered by the large scale retail. Convenience stores are another format which is growing at global level due to peoples’ growing demand for convenience.

The global savory snacks market has a fragmented structure with a large number of companies operating in the market. Some of the major companies include PepsiCo., Kraft Foods, ConAgra Foods, CALBEE, Diamond Foods, General Mills, Intersnack Group GmbH, Lorenz Bahlsen, Kellogg company, and Orkla ASA.

Products or Services

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports; business intelligence and research based consulting services across a range of industries.

Contact Information

P&S Market Research

New York
New York
10016
United States
Phone : 1-888-778-7886
View website

Published in

Business

Published on

Feb 08, 2017

Social Links

PRnob Facebook Page Twitter page of PRnob.com Google+ of Prnob.com LinkedIn page of PRnob.com