Published Date: 18-Aug-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Savory Snacks Market, published by KBV research, The Global Savory Snacks Market size is expected to reach $171.9 billion by 2027, rising at a market growth of 7.5% CAGR during the forecast period.
Nuts and seeds segment would exhibit the fastest growth rate during the forecast period. As consumers are constantly willing to choose healthy snacking alternatives, the popularity of nuts & seeds has witnessed a huge upsurge in the last few years. In order to cater to the shifting tastes & preferences of the consumers, the makers are providing various options that include roasted almonds, pine nuts, cashews, mixed nuts, and chestnuts, and among others.
On the basis of flavors, the roasted/toasted snack segment acquired the maximum revenue share of the global savory snacks market in 2020 and would exhibit similar kind of trend even during the forecast period. The constantly growing inclination of consumers towards healthy, oil-free products due to a surge in the health awareness is responsible for the growth of this segment.
Savory snacks are in high demand throughout Europe, where they are consumed at different events & occasions by the people. Consumers in nations like the United Kingdom and Spain use on-the-go dining as a fast energy booster instead of entire meals, driving the sector. In nations like the Netherlands, Norway, and Germany, the desire for savory snacks is constantly expanding.
Full Report: https://www.kbvresearch.com/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 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
By Distribution Channel
Unique Offerings from KBV Research