Global Organic Savory Snacks Market to Grow Between 2017 and 2023

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.

Globally, the savory snacks market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market of savory snacks.Request a Free Sample Copy of Savory Snacks Market Report @ https://www.millioninsights.com/industry-reports/savory-snacks-market/request-sampleIncreasing demand for savory snacks over the traditional or ethnic food products in the global market is estimated to expand reach of savory snacks industry over the next seven 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.Shifting trends towards convenience food among young population is responsible for market expansion during the forecast period.

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.

Such factors are substantially escalating market performance of the savory snacks market, in the recent years.The savory snacks industry is broadly categorized into four major segments based on the product type such as potato chips, extruded snacks, nuts & seeds, and popcorn.

The Global Organic Dry Fruit Snacks Market was valued at USD 505.8 Million in 2019 and is projected to expand at a CAGR of 6.7% during the forecast period.

The market is expected to grow owing to the increase in the number of people choosing organic food, which is free of synthetic fertilizers and pesticides over other available food options.

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.

12 November 2018, The U.S. Savory Snacks Market size is anticipated to reach worth USD 49.37 billion by 2025, registering considerable growth over the forecast period.

The U.S. is the largest consumer of savory snacks across the globe.

Additionally, changing consumer taste preferences towards healthy food are estimated to stoke the growth of the market.Increasing demand for indulgence flavors among consumers is one of the key drivers for te U.S. savory snacks market.

Nevertheless, the processed chips and nuts & seeds segments are projected to post significant CAGRs during the forecast period.Until a few years ago, snacks were considered as break-time food.

Gradually, people in the country have developed habit of eating snacks during movies, shows, short hauls, and work.

Rising income levels and presence of many convenience stores, hypermarkets, supermarkets, and retail shops are tending people towards bulk purchases of savory snacks.

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