Baked Savory Snacks

Baked Savory Snacks

Global Baked Savory Snacks Market to Reach US$68.7 Billion by 2030

The global market for Baked Savory Snacks estimated at US$50.8 Billion in the year 2023, is expected to reach US$68.7 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2023-2030. Chips & Crisps, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$39.8 Billion by the end of the analysis period. Growth in the Nuts & Seeds segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$13.8 Billion While China is Forecast to Grow at 7.3% CAGR

The Baked Savory Snacks market in the U.S. is estimated at US$13.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.0 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Baked Savory Snacks Market - Key Trends and Drivers Summarized

Baked savory snacks have surged in popularity as consumers increasingly seek out healthier alternatives to traditional fried snacks. These snacks, ranging from baked chips, crackers, pretzels, and popcorn to more innovative offerings like roasted chickpeas and vegetable crisps, cater to a growing preference for snacks that offer both flavor and nutritional benefits. Baked instead of fried, these snacks typically contain lower amounts of fats and calories, aligning with the dietary needs of health-conscious consumers. Additionally, they often incorporate wholesome ingredients, such as whole grains, seeds, and legumes, enhancing their fiber content and overall nutritional profile. This category has also seen a significant rise in the inclusion of natural and non-GMO ingredients, responding to consumer demand for transparency and cleaner labels in food products.

The innovation in the baked savory snacks market is not just limited to health aspects but also extends to flavors and packaging. Manufacturers are experimenting with a wide array of seasoning blends, from traditional herbs and spices to more exotic and international flavors, appealing to adventurous palates seeking global tastes. This diversification helps brands stand out in a competitive market and cater to specific consumer preferences and regional tastes. In terms of packaging, there is a noticeable shift towards sustainable and convenient options. Resealable and portion-controlled packaging formats are becoming more prevalent, reflecting the lifestyle needs of consumers who favor on-the-go snacking without compromising on health or environmental concerns. Additionally, the integration of technology in production processes has enabled more efficient baking methods that preserve the flavor and texture of the snacks, further boosting their appeal to consumers who prioritize both taste and health.

The growth in the baked savory snacks market is driven by several factors, including technological advancements in food processing, an expanding range of distribution channels, and evolving consumer behavior. Improved baking technologies and ingredient innovations have allowed manufacturers to produce snacks with enhanced taste profiles and longer shelf lives without relying on artificial preservatives. The rise of online grocery shopping and specialty food retailers has also facilitated easier access to a wider variety of baked savory snacks, supporting the growth of niche brands and products that might not find shelf space in traditional retail settings. Furthermore, consumer behavior is increasingly influenced by social media and influencer marketing, where trends around health, wellness, and gourmet snacking are prominently featured. These platforms not only highlight new products and trends but also create a direct line of communication between brands and consumers, fostering a sense of community and loyalty. Additionally, the increasing consumer interest in plant-based diets has spurred the development of vegan and vegetarian baked savory snacks, expanding the market to include a broader range of dietary preferences. Collectively, these dynamics contribute to the robust growth of the baked savory snacks market, indicating a sustained consumer shift towards healthier and more diverse snacking options.

Select Competitors (Total 86 Featured) -

• American Pop Corn Company (Jolly Time Pop Corn)
• Amica Chips SpA
• Aperitivos Flaper SA (Flaper S.A.)
• Axium Foods, Inc.
• Butterkist
• Calbee, Inc.
• Chaucer Foods Ltd.
• Consolidated Biscuit Co. Ltd.
• Europe Snacks
• General Mills, Inc.
• ITC Limited
• Lorenz Bahlsen Snack-World GmbH & Co KG Germany
• Mondelez International, Inc.
• Nestlé S.A.
• The Hershey Company;

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