LAMEA Savory Snacks Market By Product (Extruded Snacks, Potato Chips, Popcorn, Nuts & Seeds, and Other Products), By Distribution Channel (Retailers, Online, Supermarket/Hypermarket, Convenience Stores and Other Channels), By Flavor (Barbeque, Spice, Beef, Roasted/Toasted and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the LAMEA Savory Snacks Market
Market Report Description
The Latin America, Middle East and Africa Savory Snacks Market would witness market growth of 8.93% CAGR during the forecast period (2021-2027).
Consumer’s awareness regarding health issues is increasing, which has raised the demand for these products, which contain important nutrients and have a recognizable taste. As the millennial prefer snacks to traditional sit-down dinners, the savory snacks sector in the United States is quickly expanding. The country's snacking trend has been encouraged by falling family size, which is likely to fuel the demand for these items over the forecast period.
One of the key variables affecting market players is the numerous rules governing the manufacturing of savory snacks. As these rules vary greatly depending on the place in which the product is created, producers invest considerably in research and development activities in order to cater to the food requirements.
The region has witnessed various lifestyles diseases such as diabetes, heart diseases, and the current pandemic, consumers are considering switching towards healthy snacking. The sedentary lifestyle is prevailing in the region due to the imposed lockdown restrictions such as the work-from-home norm and other norms. Consumers are choosing health over taste, but simultaneously willing to munch something that is tasty and healthy. These preferences of consumers are boosting the demand for savory snacks in the region.
Moreover, manufacturers understand the dynamic preference of consumers regarding snacking products. Additionally, they are also aware of the rising adoption of hectic lifestyles and the availability of many options in the market, munching the same flavor on the daily basis can increase the boredom of the consumers.
The Barbeque market dominated the South Africa Savory Snacks Market by Flavor 2020, thereby, achieving a market value of $387.1 million by 2027. The Spice market is expected to witness highest CAGR of 11.2% during (2021 - 2027).
Based on Product, the market is segmented into Extruded Snacks, Potato Chips, Popcorn, Nuts & Seeds, and Other Products. Based on Distribution Channel, the market is segmented into Retailers, Online, Supermarket/Hypermarket, Convenience Stores and Other Channels. The report also covers geographical segmentation of Savory Snacks market. Based on Flavor, the market is segmented into Barbeque, Spice, Beef, Roasted/Toasted 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 Global Savory Snacks Market is Predict to reach $171.9 Billion by 2027, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., PepsiCo, Inc., Campbell Soup Company, Arca Continental SAB de CV, Kellogg Company, General Mills, Inc., The Kraft Heinz Company, Conagra Brands, Inc., ITC Limited, and Kikkoman Corporation
Scope of the Study
Market Segments Covered in the Report:
- Extruded Snacks
- Potato Chips
- Nuts & Seeds
- Other Products
By Distribution Channel
- Convenience Stores
- Other Channels
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- The Hain Celestial Group, Inc.
- PepsiCo, Inc.
- Campbell Soup Company
- Arca Continental SAB de CV
- Kellogg Company
- General Mills, Inc.
- The Kraft Heinz Company
- Conagra Brands, Inc.
- ITC Limited
- Kikkoman Corporation
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