North America Baked Savory Snacks Market Size, Share & Industry Trends Analysis Report By Product (Chips & Crisps, Nut & Seeds, Popcorn and Others), By Distribution Channel, By Country and Growth Forecast, 2023 - 2030
The North America Baked Savory Snacks Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030).
Salty and flavored snacks comprise baked savory snacks. It consists of various crackers & crisps, almonds & seeds, and popcorn. These items are wholly baked and are deemed healthful because they contain less oil and butter. The demand is increasing due to several benefits, like high energy, additional nutrients from a refreshment, specifically nuts and seeds, and appetite-suppressing to prevent excess at the following meal. The innovation of new baked products and increased demand for multigrain snacks are two further major drivers boosting market growth.
The rising demand for readily available and relatively inexpensive ingredients for savory snacks, mainly extruded corn-based snacks, is compelling manufacturers to invest significantly in this product segment. With new product innovations and developments such as multigrain crackers, companies have a tremendous opportunity to establish themselves as market leaders. To attract consumers' attention, manufacturers of delectable snacks have developed diverse product lines with new flavor profiles and configurations. The introduction of new products in appealing packaging is a sales promotion strategy.
A greater number of firms are also offering small/on-the-go consumption packets of bakery products due to a calorie deficit dietary preference. Grab-and-go bakery snacks are frequently chosen by consumers in North America because they satisfy their cravings on busy days or serve as a meal replacement due to their taste, health, and convenience. Additionally, Americans have evolved into a grazer nation that seeks out products that suit their mobile lifestyles and upscale preferences.
Due to the high proportion of women of working age in the United States and Canada, no family member is solely liable for domestic responsibilities. Due to this, American employees prefer to save time in the kitchen by purchasing ready-to-eat treats from supermarket shelves rather than preparing these foods themselves. This would expand the market in the future.
The US market dominated the North America Baked Savory Snacks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17,042 million by 2029. The Canada market is exhibiting a CAGR of 8.6% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.7% during (2023 - 2030).
Based on Product, the market is segmented into Chips & Crisps, Nut & Seeds, Popcorn and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Retail and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Mills, Inc., Kellogg Company, Orkla ASA, PepsiCo, Inc., Chaucer Foods Ltd. (Pilgrim Food Group PLC), ITC Limited, The Hain Celestial Group, Inc., Amplify Snack Brands Inc (The Hershey Company), Consolidated Biscuit Co. Ltd, and Europe Snacks Group.
Scope of the Study
Market Segments covered in the Report:
By Product
- Chips & Crisps
- Nut & Seeds
- Popcorn
- Others
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Retail
- Others
- US
- Canada
- Mexico
- Rest of North America
- General Mills, Inc.
- Kellogg Company
- Orkla ASA
- PepsiCo, Inc.
- Chaucer Foods Ltd. (Pilgrim Food Group PLC)
- ITC Limited
- The Hain Celestial Group, Inc.
- Amplify Snack Brands Inc (The Hershey Company)
- Consolidated Biscuit Co. Ltd
- Europe Snacks Group
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Baked Savory Snacks Market, by Product
- 1.4.2 North America Baked Savory Snacks Market, by Distribution Channel
- 1.4.3 North America Baked Savory Snacks Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Force Analysis
- Chapter 4. North America Baked Savory Snacks Market by Product
- 4.1 North America Chips & Crisps Market by Country
- 4.2 North America Nut & Seeds Market by Country
- 4.3 North America Popcorn Market by Country
- 4.4 North America Others Market by Country
- Chapter 5. North America Baked Savory Snacks Market by Distribution Channel
- 5.1 North America Supermarkets & Hypermarkets Market by Country
- 5.2 North America Convenience Stores Market by Country
- 5.3 North America Online Retail Market by Country
- 5.4 North America Others Market by Country
- Chapter 6. North America Baked Savory Snacks Market by Country
- 6.1 US Baked Savory Snacks Market
- 6.1.1 US Baked Savory Snacks Market by Product
- 6.1.2 US Baked Savory Snacks Market by Distribution Channel
- 6.2 Canada Baked Savory Snacks Market
- 6.2.1 Canada Baked Savory Snacks Market by Product
- 6.2.2 Canada Baked Savory Snacks Market by Distribution Channel
- 6.3 Mexico Baked Savory Snacks Market
- 6.3.1 Mexico Baked Savory Snacks Market by Product
- 6.3.2 Mexico Baked Savory Snacks Market by Distribution Channel
- 6.4 Rest of North America Baked Savory Snacks Market
- 6.4.1 Rest of North America Baked Savory Snacks Market by Product
- 6.4.2 Rest of North America Baked Savory Snacks Market by Distribution Channel
- Chapter 7. Company Profiles
- 7.1 General Mills, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Product Launches and Product Expansions:
- 7.1.6 SWOT Analysis
- 7.2 Kellogg Company
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 SWOT Analysis
- 7.3 Orkla ASA
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Acquisition and Mergers:
- 7.3.6 SWOT Analysis
- 7.4 PepsiCo, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
- 7.5 Chaucer Foods Ltd. (Pilgrim Food Group PLC)
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 ITC Limited
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
- 7.7 The Hain Celestial Group, Inc.
- 7.7.1 Company overview
- 7.7.2 Financial Analysis
- 7.7.3 Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 SWOT Analysis
- 7.8 Amplify Snack Brands Inc (The Hershey Company)
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 SWOT Analysis
- 7.9 Consolidated Biscuit Co. Ltd
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Europe Snacks Group
- 7.10.1 Company Overview
- 7.10.2 Recent strategies and developments:
- 7.10.2.1 Acquisition and Mergers:
- 7.10.3 SWOT Analysis
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