Global Baked Savory Snacks Market growing at a CAGR of 6.8% from 2023 to 2030
Category : Food And Beverages | Published Date : Jun 2023
Key Market Overview
The global baked savory snacks market is expected to grow at a significant growth rate during the forecast period of 2023-2030. The Consegic Business Intelligence analyzes that the global baked savory snacks market is expected to reach USD 83,142.34 million in 2030, which was USD 49,534.51 million in 2022, and register a compound annual growth rate of 6.8%.
The report highlights the increasing demand for packaged food due to hectic lifestyle which is the crucial factor driving the market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the baked savory snacks market.
Global Baked Savory Snacks Market By Overview
The baked savory snacks market is bifurcated into product type and distribution channel. Based on product type, the market is segmented into biscuits, cookies, crackers, muffins, pretzels, popcorn, and others. In 2022, the crackers segment accounted for the highest market share in the baked savory snacks market. The distribution channel is categorized into offline (supermarkets/hypermarkets, convenience stores, specialty stores, and others) and online (e-commerce and company owned-website). In 2022, the offline segment accounted for the highest market share in the baked savory snacks market.
Get Free SampleMarket Dynamics
Driver:
- The rising consumer preferences for packaged food products are boosting the demand for baked savory snacks.
- Growing consumer demand for healthy snacks is propelling the growth of the baked savory snacks market.
Restraints:
- The limited shelf life of baked savory snacks is hindering the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Biscuits, Cookies, Crackers, Muffins, Pretzels, Popcorn, and Others |
| By Distribution Channel | Offline (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Others) and Online (E-commerce and Company Owned-Website) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Kellogg's Company, Orkla, Europe Snacks, and PepsiCo have a strong market position in current market circumstances. Further, the baked savory snacks market is expected to witness significant growth in the coming years due to the increased demand for vegan or plant-based healthy snack alternatives. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Kellogg's Company
- Orkla
- Europe Snacks
- PepsiCo
- Chaucer Foods Ltd
- Hain Celestial
- Amplify Snack Brands
- Mondelez International
- General Mills, Inc.
- Cornitos (Greendot Health Foods Pvt. Ltd.)
