A Shift of Consumers Towards Healthy Snacking Habits Paving the Way for New Savory Snacks

Published: Oct 2020

The global savory snacks market is estimated to record a substantial CAGR of 6.5% during the forecast period (2020-2026). A new trend in snackification is the shift of consumers toward healthy snacking habits, which gave way for “Better-for-You” snacking options rather than chips or other snacks made of potato, corn, and other less nutritious ingredients. For early and mid-morning snacks, customers are looking for nourishment, thus prefer fruit snacks and coffee. In the afternoon, consumers are looking for optimization with cut fruits, vegetables, and nuts. Millennial consumers are a tremendously influential segment of the Better-for-You” snack market, with increasing spending power, which will accelerate the other snacking options, such as fruits, vegetables, nuts, and seeds in the next few years.

Browse the full report description of "Global Savory Snacks Market Size, Share & Trends Analysis Report by Product (Extruded Snacks, Potato Chips, Nuts & Seeds, Meat Snacks, Popcorn, and Others), by Distribution Channel (Conventional Stores (Offline) and Online Retail), Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/savory-snacks-market

However, with the growing demand for natural snacking options and new product innovations, the market for fruits, vegetables, and nuts as an on-the-go-snacking option is predicted to witness a wide range of opportunities during the forecast period, which is expected to hinder the savory snack market.

Market Coverage

  • The market number available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- by Product and Distribution Channel
  • Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
  • Competitive Landscape- PepsiCo, Inc., the Kraft Heinz Co., General Mills, Inc., and ConAgra Brands

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment/region dominates the market in the base year?
  • Which segment/region will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region/segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Savory Snacks Market Report Segment

By Product

  • Extruded Snacks
  • Potato Chips
  • Nuts & Seeds
  • Meat Snacks
  • Popcorn
  • Others

By Distribution Channel

  • Conventional Stores (Offline)
  • Online Retail

Global Savory Snacks Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

To learn more about this report request a free sample copy @  https://www.omrglobal.com/request-sample/savory-snacks-market