According to a new report, published by KBV research, The Global Baked Savory Snacks Market size is expected to reach $80.9 billion by 2030, rising at a market growth of 6.9% CAGR during the forecast period.
The Chips & Crisps segment is leading the Global Baked Savory Snacks Market by Product in 2022, thereby achieving a market value of $35.6 billion by 2030. This is due to rising consumer demand for low-sodium, gluten-free, low-calorie, and fat-free foods. In addition, the introduction of novel products in categories including vegan, kosher, and non-GMO also contributes to the expansion of the snack food industry, thereby driving market expansion. Manufacturers are concentrating on introducing new flavors and seasonings in salted treats, which is anticipated to have a positive effect on the segment's growth.
The Online Retail segment has shown the high growth rate of 8.7% during (2023 - 2030). Snacking is evolving, and online retail is likely to contribute to an increase in refreshment sales. Amazon, Walmart, and Target are among the major online retailers that have benefited from the transition to digital commerce. Such patterns have the potential to influence the growth of the internet segment in the coming years.
The Asia Pacific region dominated the Global Baked Savory Snacks Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $30.2 billion by 2030. The Europe market is anticipated to grow at a CAGR of 6.7% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 6.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/baked-savory-snacks-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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