The Asia-Pacific savory snacks market is anticipated to grow at a CAGR of 10.0% during the forecast period. Asia-Pacific is one of the largest markets for savory snacks. Large population, rapid urbanization, and increasing middle-class population are the primary factors driving the growth of the savory snacks market. Additionally, rising premiumization and increasing health consciousness among consumers are driving the market growth. Moreover, growing awareness about the consumption of salt and fat intake is driving the demand for nuts and seeds in the region. Notably, in 2019, Asia-Pacific accounted for the largest share in the global savory snacks market. However, products in this market face a strong threat of substitution by other snack foods, confectionery, and beverages, largely because switching costs for buyers tend to below, and retailers are heavily influenced by the end consumer demand.
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The market study of the Asia-Pacific savory snacks market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
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The Asia-Pacific savory snacks market is segmented based on product and distribution channels. Based on the product, the savory snacks market is segmented into extruded snacks, potato chips, nuts & seeds, meat snacks, popcorn, and others. Potato chips sales accounted for the highest value in the Asia-Pacific savory snacks market in 2019. The distribution channel segment includes conventional stores (offline) and online retail.
The Asia-Pacific savory snacks market is studied across China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific. The market is dominated by China, which accounted for the highest market share in 2019. The increasingly growing number of people in China, with busy lifestyles and long work hours, has led to a reduction in the time available, which is gradually changing the customers’ consumption patterns to frequent snacking options.
Asia-Pacific Savory Snacks Market – Segmentation
by Product
Extruded Snacks
Potato Chips
Nuts & Seeds
Meat Snacks
Popcorn
Others
by Distribution Channel
Conventional Stores (Offline)
Online Retail
Asia-Pacific Savory Snacks Market – Segmentation by Region
China
India
Japan
ASEAN
South Korea
Rest of Asia Pacific
Company Profiles
Balaji Wafers Pvt. Ltd.
Bikaji Foods International, Ltd.
Bestore Food Co., Ltd.
Bombay Sweets & Co., Ltd.
Calbee, Inc.
DFM Foods, Ltd.
Garudafood Putra Putri Jaya TBK
Haldiram Foods International Pvt. Ltd.
Hefei Huatai Food Co., Ltd.
ITC, Ltd.
Kameda Seika Co., Ltd.
KOIKE-YA, Inc.
PepsiCo, Inc.
Prataap Snacks, Ltd.
Snack Brands Australia
The Three Squirrels
Universal Robina Corp.
Want Want China Holdings,Ltd.
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