The ‘Global Baked Savoury Snacks Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global baked savoury snacks market, assessing the market on the basis of its segments like product types, distribution channels, applications, and major regions.
Baked Savoury Snacks Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.10%
Popcorn enjoys substantial popularity as it is a versatile snacking option, available in bland, sweet, and salty flavours, and can be consumed on the go. It is also preferred as a healthier alternative to crackers, chips, and cookies, among others. Moreover, the increasing inclination towards plant-based snacks among environmentally conscious consumers is adding to the popularity of savoury snacks like pretzels and popcorn.
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One of the significant baked savoury snacks market trends include increasing popcorn flavour innovation by key players and the rising availability of different flavours of popcorn on online channels. Leading companies are also increasingly investing in research and development (R&D) activities aimed at boosting the nutritional profile of popcorn.
Baked Savoury Snacks Industry Definition and Major Segments
Baked savoury snacks refer to baked snacking items that either have salty or spicy flavours. Various ingredients, including vegetable oils, nuts, seasonings, and grains, among others, are used in baked savoury snacks. Such snacks are widely available in different distribution channels, ranging from supermarkets to online stores, among others.
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The market, on the basis of product type, is categorised into:
- Popcorn
- Savoury Biscuits
- Potato Chips
- Pretzels
- Extruded Snacks
- Tortilla Chips
- Others
By distribution channel, the market is segmented into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online Retail
- Others
Based on application, the market is divided into:
- Household
- Commercial
- Others
The major regional markets of baked savoury snacks include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The baked savoury snacks market is being aided by the increasing trend of snacking and the growing popularity of on-the-go snacking among the busy young population. Besides, the surging health consciousness is driving the inclination towards baked savoury snacks with low sugar and reduced calorie clams. This trend is also bolstering the demand for extruded snacks made from healthy ingredients like corn.
The increasing popularity of protein-rich, gluten-free, organic, and low-fat baked savoury snacks is also propelling the market growth. Moreover, key players are also incorporating fruits and vegetables into baked savoury snacks to provide functional and indulgent benefits to consumers.
Regionally, the Asia Pacific is anticipated to witness a healthy growth in the coming years due to the surging population, the rising prevalence of health issues, product innovations, and rising online sales of baked savoury snacks.
Key Market Players
The major players in the baked savoury snacks market report are General Mills, Inc., ITC Limited, PepsiCo Inc., Conagra Brands, Inc., Lorenz Bahlsen Snack-World GmbH & Co KG, Chaucer Foods Ltd., and Amplify Snack Brands, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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