Baked Savoury Snacks Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Baked Savory Snacks Market
The global baked savory snacks market size was valued at USD 46.50 billion in 2021 and is projected to grow from USD 49.23 billion in 2022 to USD 75.83 billion by 2029, exhibiting a CAGR of 6.37% during the forecast period of 2022-2029.
The COVID-19 pandemic disrupted the Baked Savory Snacks Market by causing delivery chain troubles and moving customer alternatives. Initially, demand spiked as clients stocked up on snacks; however, later, health-conscious choices received popularity, riding product innovation toward more healthy options, impeding the baked savory snacks market growth.
The COVID-19 pandemic disrupted the Baked Savory Snacks Market by causing delivery chain troubles and moving customer alternatives. Initially, demand spiked as clients stocked up on snacks; however, later, health-conscious choices received popularity, riding product innovation toward more healthy options.
The fitness and health trend is using the baked savory snacks marketplace. Manufacturers specialize in lowering fat and sodium content even as preserving flavor, which is attractive to health-aware customers, expanding the baked savory snacks market share globally. Additionally, using whole grains, legumes, and different natural ingredients is growing to create healthier and more nutritious snack options. This shift towards healthier picks aligns with client options for easy-label merchandise and a balanced food plan.
Comprehensive Analysis of Baked Savory Snacks Market
The Baked Savory Snacks Market is segmented via product and distribution channels. Chips & crisps lead in product percentage due to a high call for more healthy, geared-up-to-devour snacks, while nuts & seeds are growing as consumers seek nutrient-wealthy alternatives. Supermarkets and hypermarkets dominate distribution, offering a wide variety of snacks in a convenient place, making them the desired choice for consumers.
The Asia Pacific region led the baked savory snacks market by benefitting a size of USD 16.65 billion in 2021 due to growing wholesome snack manufacturing in countries like India, China, Japan, and Australia. The Asia Pacific area holds the most important proportion of the baked savory snacks marketplace.
The leading players in the baked savory snacks market play a critical role in shaping its growth and setting industry standards. Key companies such as General Mills Inc. (U.S.), Kellogg's Company (U.S.), Orkla ASA (Norway), Consolidated Biscuit Co. Ltd (Malta), Europe Snacks (France), PepsiCo, Inc. (U.S.), Chaucer Foods Ltd. (U.K.), Lorenz Bahlsen Snack-World GmbH & Co KG (Germany), Hain Celestial (U.S.), and Amplify Snack Brands Inc. (U.S.) contribute to a competitive landscape, driving innovation and market development.
In June 2021, Poppy, the popcorn brand, released four new flavors in its BBQ collection: honey BBQ, Carolina vinegar-based, Kansas City BBQ, and Texas BBQ popcorn. By introducing these new alternatives, the organization has broadened its snack product portfolio, enhancing its attraction and patron base.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion)
Growth Rate
CAGR of 6.37% from 2022 to 2029
Segmentation
By Product, Distribution Channel, and Geography
By Product
Chips & Crisps
Nuts & Seeds
Popcorn
Other Savory Snacks
By Distribution Channel
Supermarkets & Hypermarkets
Convenience Stores
Online Retail
Others
By Geography
North America (By Product and Distribution Channel)
- U.S. (By Product)
- Canada (By Product)
- Mexico (By Product)
Europe (By Product and Distribution Channel)
- U.K. (By Product)
- France (By Product)
- Germany (By Product)
- Italy (By Product)
- Spain (By Product)
- Rest of Europe (By Product)
Asia Pacific (By Product and Distribution Channel)
- China (By Product)
- India (By Product)
- Japan (By Product)
- Australia (By Product)
- Rest of Asia Pacific (By Product)
South America (By Product and Distribution Channel)
- Brazil (By Product)
- Argentina (By Product)
- Rest of South America (By Product)
Middle East and Africa (By Product and Distribution Channel)
- Saudi Arabia (By Product)
- United Arab Emirates (By Product)
- Rest of Middle East & Africa (By Product)
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