The global baked savory snacks market size hit USD 46.50 billion in 2021. The market value is anticipated to grow from USD 49.23 billion in 2022 to USD 75.83 billion by 2029 at a 6.37% CAGR during the forecast period.
Savory baked snacks include salty and flavorful food items. Among other things, it offers different kinds of popcorn, almonds, and crisps. As they use less oil and butter, these items are totally baked and are regarded as healthful. The demand is rising as a result of a number of advantages, including high energy, the ability of a snack to supply extra nutrients, particularly in the form of nuts and seeds, and the ability of a snack to reduce hunger and prevent overeating at the following meal. Other important factors propelling the market’s expansion include the development of new baked goods and rise in demand for multigrain chips.
Fortune Business Insights™presents this information in a report titled, “Baked Savory Snacks Market, 2022-2029.”
List of the Companies Profiled in the Report:
- General Mills Inc. (U.S.)
- Kellogg’s Company (U.S.)
- Orkla ASA (Norway)
- Consolidated Biscuit Co. Ltd (Malta)
- Europe Snacks (France)
- PepsiCo, Inc. (U.S.)
- Chaucer Foods Ltd. (U.K.)
- Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany)
- Hain Celestial (U.S.)
- Amplify Snack Brands Inc. (U.S.)
Browse A Summery of This Research Report:
https://www.fortunebusinessinsights.com/baked-savoury-snacks-market-103248
Segments:
Chips & Crisps Segment to Gain Traction through 2029
The market is divided into chips & crisps, nuts & seeds, popcorn, and others based on product. Due to increased consumer demand for low-calorie, low-sodium, gluten-free, and fat-free snacks, to mention a few, the chips & crisps segment dominated the baked savory snacks market share.
Supermarkets &Hypermarkets Segment to Observe Surging Sales during 2022-2029
The market is divided into convenience stores, supermarkets & hypermarkets, online retail, and others based on distribution channel. Customers now prefer to shop at supermarkets & hypermarkets as they provide a wide range of goods under one roof, from food and beverages to consumer goods.
Report Coverage
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Recent industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints
Shifting Consumer Preference from Fried to Baked Snacks to Propel Market Forward
The growing preference of consumers for baked foods over fried foods is a key factor driving the market’s expansion. In addition, compared to their counterparts, fried dishes and baked foods are regarded as low-cholesterol foods. Furthermore, as fried foods are cooked at high temperatures, they lose all of their nutritional value. There has been a significant change in consumer dietary patterns as a result of the rise in demand for healthy food products. Consumers today want baked snacks with focus on tasty and convenient while also contributing to good health. The baked savory snacks market growth will gain momentum owing to the aforementioned factors.
Regional Insights
Asia Pacific to Dominate as Consumers Seek Newer Snacking Options
Due to the increasing production of healthy snacks in India, China, Japan, and Australia, the Asia Pacific region had the lion’s share of the market. Moreover, consumers in Asia Pacific nations are becoming more health conscious, which is surging the demand for sugar-free snack food items. Customers in the area have a wide range of preferences and interests, and they enjoy trying out a wide range of goods.
Since several top worldwide manufacturers have their headquarters in Germany, Switzerland, the U.K., and France, Europe is regarded as a crucial region. The greatest consumer of snack food products worldwide as well as one of its leading producers is Europe.