The Latin America, Middle East and Africa Baked Savory Snacks Market would witness market growth of 8.7% CAGR during the forecast period (2023-2030).
As a result of the growing demand from customers for healthier snacks, an increasing number of retail channels are now stocking them. The demand is anticipated to be driven by factors such as high market penetration as well as increased customer demand for nutritious snacks. Supermarkets and hypermarkets are the most important distribution channels for baked savory snack goods because they have a large amount of retail space and can accommodate a wide range of customer preferences.
The ability to get good discounts, deals, and value for one's money can further improve the whole shopping experience. Combi-packs, for example, are sold at prices that are lower than the total retail value of their contents and give customers the opportunity to sample various iterations of the same brand all at once. These packs can be purchased at a discount. This distribution channel's strategy of mixed bundling offers better affordability by allowing a mixture of snacking and other products to be purchased collectively at a price that is comparatively cheaper than what it would be individually.
According to USDAH, the food retail segment in the United Arab Emirates has grown rapidly over the past decade as a result of the establishment of large-scale hypermarkets, supermarkets, online retailers, convenience stores, and home delivery services to serve a growing population. Large complexes and premier purchasing destinations have been established in urban areas, contributing to the retail ecosystem. The food retail sector serves a global population that is increasingly tech-savvy. As a result of increased innovation, food, and beverage online sales are experiencing a significant increase. The UAE Ready-To-Eat Food industry will continue to expand due to several development drivers that will cause it to become one of the country's most prominent industries This increasing preference for healthful ready-to-eat foods is expected to accelerate the growth of the market in the region.
The Brazil market dominated the LAMEA Baked Savory Snacks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,312.9 million by 2029. The Argentina market is showcasing a CAGR of 9.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.4% during (2023 - 2030).
Based on Product, the market is segmented into Chips & Crisps, Nut & Seeds, Popcorn and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Baked Savory Snacks Market is Projected to reach USD 80.9 Billion by 2030, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Mills, Inc., Kellogg Company, Orkla ASA, PepsiCo, Inc., Chaucer Foods Ltd. (Pilgrim Food Group PLC), ITC Limited, The Hain Celestial Group, Inc., Amplify Snack Brands Inc (The Hershey Company), Consolidated Biscuit Co. Ltd, and Europe Snacks Group.
By Product
By Distribution Channel
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
