Savory Snacks Market by Product (Extruded Snacks, Meat Snacks, Nuts & Seeds), Flavor (Barbecue, Cheese, Ranch), Packaging Type, Distribution Channel - Global Forecast 2024-2030

[185 Pages Report] The Savory Snacks Market size was estimated at USD 223.66 billion in 2023 and expected to reach USD 236.81 billion in 2024, at a CAGR 6.24% to reach USD 341.70 billion by 2030.

Savory snacks are products made of staple raw materials such as vegetables (potato, carrot), fruit (tree nuts), grains (wheat, maize, rye, and rice), starch, vegetable oils, and seasonings. Savory snacks are salty or savory-flavored food items enjoyed as appetizers or between meals, including potato chips, popcorn, pretzels, nuts, crackers, samosas, spring rolls, nachos, and savory pastries. Increasing urbanization has directly impacted the demand for ready-to-eat and convenience foods such as savory snacks. With consumers spending less time preparing meals due to their busy lifestyles, savory snacks are a quick and easy solution to satisfy hunger cravings. Changing consumer attitudes about snacking due to modern lifestyle practices is another factor that drives market growth. The surge in the use of private label facilities by small savory snack manufacturers reflects the strategic advantages and opportunities for the market. However, adverse impacts on nutrition and health outcomes of savory snacks, including excessive sodium intake, unhealthy fat content, calorie-dense, low-nutrient content, and adverse effects on weight management, are hampering the market's growth. Changing consumer preferences, ingredient sourcing, production limitations, compliance costs, market entry barriers, consumer perception, and international trade considerations may limit the market demand. Moreover, incorporating healthy ingredients in savory snacks drives innovation by addressing consumer demand for healthier options, expanding flavor possibilities, accommodating dietary restrictions, and promoting nutritional value, creating a lucrative market opportunity in the future.

Europe, the Middle East, and Africa cover the substantial savory snacks market share due to the adoption of advanced manufacturing facilities, exceptional snack options, and significant consumption by younger generations. In Europe, snacks made with whole grains, vegetables, fruits, and plant-based proteins have become more sought after by health-conscious consumers. Moreover, Germany, Spain, Sweden, Austria, and Finland favor vegan-friendly snacks such as hummus chips and vegetable crisps, expanding the market scope. Similarly, the American savory snacks market is expected to witness significant growth prospects in the coming years owing to the presence of potential players, a surging number of innovative products, and substantial consumption. Americans are increasingly looking for healthier snack options such as nuts and seeds, and chickpeas, dry peas, and lentils are also becoming popular in Washington, northern Idaho, and northeastern Oregon. Lastly, in the APAC region, convenience foods such as instant noodles have seen a surge in demand due to increased urbanization and on-the-go consumption trends. Additionally, Asian fusion snacks ranging from Indian samosa pies to Japanese popcorn chicken have gained recognition among consumers of all ages across the region.

The market dynamics represent an ever-changing landscape of the Savory Snacks Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Rising consumption owing to modern lifestyle and increasing urbanization
  • Growing number of home-based startups for savory snacks
  • Increase in the number of small savory snack manufacturers using private label facilities
• Market Restraints
  • Adverse impacts on nutrition and health outcomes of savory snacks
• Market Opportunities
  • Incorporation of healthy ingredients fueling snack food innovation
  • Emerging novel snacks with attractive and flexible packaging
• Market Challenges
  • Concern regarding stringent standards and regulations for ingredients and commercialization of savory snacks

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Savory Snacks Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Savory Snacks Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Savory Snacks Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Nature Valley Adds New Level of Flavor with First Savory Snack Option, Nature Valley Savory Nut Crunch Bars.

  Nature Valley introduced their first ever savory snack option, Nature Valley Savory Nut Crunch Bars. With a unique combination of crunchy nuts and bold flavor, these bars provide a delicious and satisfying snack that tantalize taste buds. [Published On: May 16, 2023]

• Hershey expanding its salty snack supply chain

  The company acquired two popcorn manufacturing plants in Bethlehem and Whitestown, from Weaver Popcorn Manufacturing and allowed Hershey to sustain the growth of SkinnyPop by strengthening its internal supply chain capabilities. This move enabled the company to produce a wider variety of products, increase their presence in the market, and provide customer satisfaction with their top-quality snacks. Hershey’s commitment to making delicious and convenient snacks is evident in this decision and they look forward to continuing to serve customers with their innovative lineup of products. [Published On: April 17, 2023]

• Jonas Brothers’ Big Bet On Savory Snacks, Rob’s Backstage Popcorn, Raises USD 7 Million From Hollywood A-Listers.

  The Jonas Brothers made a major investment in the savory snack industry. Their company, ‘Rob’s Backstage Popcorn’, raised USD 7 million from some of Hollywood's A-listers. This is proof that savory snacks are still in high demand and an excellent opportunity for those looking to invest. The unique popcorn recipes created by Rob’s Backstage Popcorn revolutionize the way people enjoy savory snacks. [Published On: March 30, 2023]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Savory Snacks Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The report delves into recent significant developments in the Savory Snacks Market, highlighting leading vendors and their innovative profiles. These include Amica Chips, Balaji Wafers Pvt. Ltd., Beyond Snacks, Bikano Group, Blue Diamond Growers, Calbee Foods Co., Ltd., Calbee, Inc., Conagra Brands, Inc., Diamond Foods (Kettle Brand), G&S Foods, LLC, General Mills, Inc., Grupo Bimbo, HAPPILO INTERNATIONAL Pvt. Ltd., Herr Foods Inc., HJ Heinz Company Brands LLC, Hormel Foods Corporation, Intersnack Group, ITC Limited, JFC International Inc., Mondelēz International, Nestlé SA, Novel Foods International Ltd., Old Dutch Foods Inc., Orkla ASA, Pepsico, ROB'S BACKSTAGE POPCORN LLC, Snyder's-Lance by Campbell Soup Company, The Hain Celestial Group, Inc., The Hershey Company, The Kellogg Company, The Lorenz Bahlsen Snack-World GmbH & Co KG, The Wonderful Company, Tyrrells Potato Crisps, and UTZ Quality Foods, LLC.

This research report categorizes the Savory Snacks Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
  • Extruded Snacks
  • Meat Snacks
  • Nuts & Seeds
  • Popcorn
  • Potato Chips
  • Pretzels
  • Tortilla Chips
• Flavor
  • Barbecue
  • Cheese
  • Ranch
  • Salted
  • Sour Cream & Onion
  • Spicy
  • Tomato
• Packaging Type
  • Bags
  • Boxes
  • Cans
  • Pouches
• Distribution Channel
  • Convenience Stores
  • Independent Retailers
  • Online Retail
  • Supermarkets & Hypermarkets

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?