Global Savory Snacks Market Growth, Trends and Forecasts 2018-2023 - Changing Consumer Food Preferences to Drive Market Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “Savory Snacks Market - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
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 capturing opportunities.
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 ProfilesArca Continental Blue Diamonds Growers. Calbee Foods Co. Ltd ConAgra Brands Inc. General Mills Inc. Lorenz Snack World ITC Limited Mondelez International PepsiCo Kellogg’s 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
View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005670/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Savory Snacks
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 11:19 AM/DISC: 11/07/2018 11:19 AM