Market Overview
Global Savory Snacks Market share expected to cross USD 50 Billion Mark by 2021 :
Market research future published a cooked research report on Global Savory Snacks Market analysis that contains the information from 2011 to 2021. The Savory Snacks Market is expected to grow with the CAGR of more than 5.5% from 2016 to 2021, and with this it is predictable to cross more than USD $50 billion by 2021. The various major growth of the market is due to increasing urbanization and increasing per capita income.
Key Players
This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as
- PepsiCo,
- Kraft Foods Group, Inc,
- ConAgra Foods, Inc,
- CALBEE, Inc,
- Diamond Foods, Inc,
- General Mills, Inc,
- Intersnack Group GmbH & Co. KG,
- Lorenz Bahlsen Snack-World Group,
- Kellogg Company,
- Orkla ASA and others.
Increasing large-format retail in developing countries - The hottest trend in the market
Large retail formats such as supermarkets and hypermarkets account for the largest share of grocery sales in most of the developed countries. Large discount offered by them on large grocery packets encourages customers to buy more from them. The growing supermarkets and hypermarkets in the developing countries are laying growth opportunities for the savory snacks market. The increasing per capita income is promoting growth of supermarkets in the developing countries such as China, India, Thailand, and Malaysia which also holds good opportunity for the savory snacks market analysis.
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North America is expected to give high competition to the Europe. However, APAC will be the fastest growing market
North America accounted for the largest share in 2014 in the global savory snacks market share. However, Asia-Pacific is expected to become market leader by 2019 due to high market growth rate in countries, such as Japan which is a major savory snack consumer in Asia-Pacific owing to high urbanization and busy lifestyle. The rising urbanization in other Asian countries, such as China and India, due to increasing tourism is increasing the demand for savory snacks.
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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global plate heat exchanger device market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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The global Savory Snacks Market size is expected to value at USD 218.44 billion by 2025.
Changing food patterns is one of the essential factor responsible for expansion of savory snacks industry, in the recent years.
Other factors such as changing lifestyle preferences, growing demand for convenience food, and need for maximizing limited leisure time, are expected to fuel market growth in the upcoming years.
However, rising safety concerns in regards to health hazards with excessive consummation of the products coupled with the substantial use of additives and artificial flavors is significantly hampering market growth.
Growing focus towards convenience food products with longer shelf life, savory taste, texture, product quality, and the nutritional content, has led to development of innovative packaging solution by prominent industry players.
The key players in the savory snacks market are PepsiCo, Inc., Kraft Foods, Inc., Kellogg, Inc., CALBEE, Inc., ConAgra Foods, Inc., Diamond Foods LLC, The Hain Celestial Group, Inc., General Mills, Inc., Arca Continental, S.A.B.
