The savory snacks market is projected to grow at a CAGR of 6.5% during the forecast period (2020-2026). The savory snacks market is compelled by the rising demand for convenient food products with the on-the-go trend for snacking options, specifically increasing preference for plant-based snacks. Savory snack companies are coming up with diversified product offerings in terms of flavor profiles and shapes to gain customer attention. However, the market faces challenges with growing consumer preference for healthy snacking choices including reduced fat and sodium content. Also, the high acrylamide content has had become a major concern among manufacturers, as consumers demand transparency in the label claim.

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The global savory snacks market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific has expectedly dominated the savory snacks market in 2019 and is projected to sustain its dominance during the forecast period. Further, the market in the Asia-Pacific region is expected to record the fastest growth rate over the forecast period. The emerging economies such as China, India, Vietnam, and the Philippines are seeing an outsized growth, driven by the demographic shifts, and growing trend for premium and healthy snacks. The market in Asia-Pacific is driven by the increasing disposable income and growing urbanization in major economies. Changing consumer lifestyles, product varieties, and growth in distribution channels are some of the factors contributing to the increasing sales of savory snacks. There is great potential in products targeted at teenagers and older children, particularly in the emerging markets. This is because parents are often willing to spend on their children before indulging themselves. In recent times, a key trend that has been witnessed across all markets is reduced package sizes as a way of motivating more frequent snacking, by making it both convenient and easier to control portions.

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The global 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. The distribution channel segment includes conventional stores (offline) and online retail.

Global Savory Snacks Market – Segmentation
by Product
Extruded Snacks
Potato Chips
Nuts & Seeds
Meat Snacks
Popcorn
Others
by Distribution Channel
Conventional Stores (Offline)
Online Retail

Global Savory Snacks Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Arca Continental, S.A.B. De C.V.
Aryzta AG
Balaji Wafers Pvt. Ltd.
Blue Diamond Growers
Calbee, Inc.
Campbell Soup Co.
Conagra Brands, Inc.
General Mills, Inc.
Grupo Bimbo
Haldiram Foods International Pvt. Ltd.
Herr Foods, Inc.
Intersnack Group Gmbh& Co. KG
ITC, Ltd.
JFC International
Lamb Weston Holdings, Inc.
Link Snacks, Inc.
Lorenz Bahlsen Snack-World Gmbh& Co KG
Mccain Foods, Ltd.
Mondelez International, Inc.
Nestlé S.A.
Oberto Group
Pepsico, Inc.
Prataap Snacks, Ltd.
Snak King Corp.
The Campbell Soup Company
The Hain Celestial Group, Inc.
The Kellogg Company
The Kraft Heinz Co.
Universal Robina Corp.
Want Want Holdings Ltd.

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