Savory Snacks Market Expected to Surpass $404.17 Billion by 2030
The global salty snacks market size is expected to reach USD 404.17 billion by 2030 and exhibit a CAGR of 4.9% during the forecast period (2023-2030), according to the latest research report by Skyquest. Growing customer demand for convenient, on-the-go meal alternatives, reflecting a changing existence and a choice of portable, ready-to-eat snacks. Additionally, growing awareness of healthier snack options has driven innovation in the savory snack sector, with an increase in demand for snacks that offer nutritional benefits, as well as high-protein, gluten-free and non-GMO alternatives. .
Westford, USA, February 29, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s cutting-edge international research on Salty snacks market Instead, flavor innovation remains a massive trend, with customers seeking accurate and exceptional taste assessments. The advent of new and varied flavors, frequently stimulated by world cuisines, appeals to customers’ evolving palates. Additionally, there is an exquisite trend toward smooth-label, plant-based substances, driven by the preference for transparency and healthier snacking choices.
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Savory snacks are tasty, ready-to-eat food gadgets that provide quick and convenient snacking pleasure. Ranging from traditional favorites like potato chips to progressive alternatives like trail mix and veggie chips, these snacks cater to different tastes, offering plenty of textures and flavors to eat on the go.
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Leading Players in the Savory Snacks Market
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PepsiCo, Inc.
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The Kraft Heinz Company
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Calbee, Inc.
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Conagra Brands, Inc.
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General Mills, Inc.
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Kellogg Company
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Lay’s (Frito-Lay/PepsiCo)
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Pringles (Kellogg’s)
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Mondelez International, Inc.
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Kettle Brand (Diamond Foods)
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Intersnack Group GmbH & Co. KG
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Hormel Foods Corporation
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The Hershey Company
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Snyder’s-Lance, Inc. (Campbell Soup Company)
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Orkla ASA
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Bimbo Group
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Golden Flake Snack Foods, Inc.
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Ancient Dutch Foods
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Hain Celestial Group, Inc.
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Tyrrells (KP Snacks Limited)
Demand for chips will increase significantly during the forecast period
Chips have long been a favorite among shoppers around the world. Their full-size recognition is attributed to factors such as varied flavors, crisp texture, and the versatility to experiment with one-of-a-kind seasoning profiles. As a traditional and convenient snack, chips often dominate the salty snack market.
Cheese is the main flavor
Cheese-flavored snacks, which include cheese puffs and cheese-flavored chips, have continually appealed to a wide base of buyers. The rich, savory flavor of the cheese complements the overall enjoyment of the snack. The versatility of cheese flavors, such as variations like cheddar, parmesan and jalapeño, contribute to their enduring popularity.
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North America is the leading market due to technological advancements
Regionally, North America, mainly the United States, is a major player in the global salty snacks market. The region’s dominance is attributed to elements such as a well-established snacking tradition, ample shopping opportunities and a high level of innovation in taste profiles and product formulations. The presence of predominant snack food companies and a large customer base contributes to North America’s leadership.
A recent report takes an in-depth look at the major players operating in the salty snacks market. This comprehensive assessment has taken into account several crucial factors, such as collaborations, mergers, innovative business policies and strategies, providing invaluable insights into key market trends and advancements. Additionally, the report examined the market share of major segments and presented detailed geographical analysis. Finally, the report shed light on the key players in the industry and their continued efforts to develop innovative solutions to meet the ever-increasing demand for savory snacks.
Key Developments in the Savory Snacks Market
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Key Questions Answered in Savory Snacks Market Report
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Which specific growth drivers are expected to impact the market during the forecast period?
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Can you list the leading companies in the market and explain how they achieved their position of influence?
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To what extent do regional trends and patterns differ within the global market, and how might these differences shape future market growth?
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