DUBLIN–(BUSINESS WIRE)–The “Savory
Snacks Market – Growth, Trends and Forecasts (2018 – 2023)”
report has been added to ResearchAndMarkets.com’s
The global market for savory snacks was valued at USD 96 billion in 2016
is expected to reach USD 138.90 billion by 2023 at a CAGR of 7.20%.
Savory snacks are the emerging fast food category in the global market.
The global savory snacks market is largely driven by changing
lifestyles, food consumption habits; rise in disposable incomes and
increasing food convenience. Mounting health concerns among consumers
and food ingredient regulations by governments may restrain the savory
snack market growth. The rising popularity of innovative products with
different types of flavors and organic based savory products are market
There is high competition in the global savory snacks market as the
market is highly fragmented. The top ten global players have only
one-fifth share of the overall savory snacks market. The local and
regional snacks manufacturers cater to area-specific taste, which is
very difficult for global players to capture.
The entry for new players is easy because of the large number of
alternatives in the same snacks category, low customer loyalty and high
shifting habits in the market. Product launches of innovative flavors,
organic and gluten-free products and mergers and acquisitions with local
players have been the major business strategies for market growth.
Major players in the market include Calbee Foods Co Ltd., ConAgra Foods
Inc., Itc, Intersnack Gmbh & Co, Mondelez International Inc., Pepsico,
Kellogg Co., Mondelez International Inc., and General Mills Inc.
Key Topics Covered:
2. Research Approach & Methodology
3. Key Findings
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
- Arca Continental
- Blue Diamonds Growers.
- Calbee Foods Co. Ltd
- ConAgra Brands Inc.
- General Mills Inc.
- Lorenz Snack World
- ITC Limited
- Mondelez International
- Intersnack Group GmbH
- Link Snacks Inc.
- Oberto Group
For more information about this report visit https://www.researchandmarkets.com/research/f8ln26/global_savory?w=4
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