Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product Type (Potato Chips, Extruded Snacks, Nuts & Seeds, Popcorn, Others), By Distribution Channel (Supermarket/Hypermarket, Independent Retailers, Convenience Stores, Service Station, Others), By Flavor (Roasted/Toasted, Barbeque, Spice, Beef, Others) And Competitive Landscape
Product Code: ETC057351 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Savory Snacks Market is anticipated to gain popularity in the forthcoming years on account of an increased health-conscious population who demand protein-rich snacks such as peanut butter celery sticks, jerky, turkey roll-ups, and beef sticks. Additionally, on the basis of the countries, India is estimated to hold a large market share owing to the rising disposable income of the population is leading to an increase in customer visits in the expensive restaurants which simultaneously indicate an increase in the consumption of savory items, and this is estimated to leave a favorable impact on the product demand and is further estimated to bolster the substantial growth of the Asia Pacific savory snacks market in the coming time zone.
Asia Pacific Savory Snacks Market is expected to gain strong growth prospects in the coming time zone. Adrift in the Changing lifestyles, increased product varieties, and multiplied growth in the distribution channels are some of the growth driving 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. Primarily because parents are often having a willingness to spend for their children before indulging expenditure for themselves. A major trend across all markets at the moment is smaller package sizes as a way of encouraging more frequent snacking, by making it both convenient and easier to control portions. A rapid change in the dietary trends is also prompting many manufacturers to explore some alternative recipes, like substitutes for salt, spices, and wheat. Additionally, the increase in premiumization and an increase in the health consciousness among consumers are significantly driving the product market growth. Moreover, the growing awareness related to the consumption of salt and fat intake amongst health-conscious consumers is driving the demand for nuts and seeds in the region.
According to 6Wresearch, Asia Pacific Savory Snacks Market is expected to gain growth throughout the forecast period 2021-2027. Based on the relative performance of countries on multiple Countries like New Zealand, Taiwan, Indonesia, and the Philippines are shortlisted as high-potential countries, primarily due to the large savory snacks sector size, projected high-value growth rates, and projected rising per capita value growth levels. Consumers in Asian countries are potentially becoming more aware of the health benefits of the savory snack product range which is driving the market growth in the region. Potato chips are expected to hold the largest market share with the fastest growth rate. However, few products in this market tend to face the strong threat of the substitution by other snack products range, and beverages and confectionaries largely because of the switching costs for the buyers which tend to buy, and retailers who are heavily influenced by the end consumer demand. The rising popularity of innovative products with different types of flavors and organic-based savory products are market capturing opportunities.
Based on countries, China and India are not the only largest consumer market in the Asia-Pacific region but are also the fastest-growing market for savory snacks globally. The Chinese savory snacks market is fragmented, with the top five companies - PepsiCo, Calbee, Inc., Want Want China Holdings Limited, Golden Orchard Farmer (Beijing) Food Co., Ltd., and Anhui Three Squirrels Electronic Commerce Co- accounting. In the Asia-Pacific, key players in the savory snack market are Mondelez International, Griffith foods, kays naturals, Pepsi co, Garuda food.
The Asia Pacific 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. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialist retailers, convenience stores, online channels, and others. Potato chips sales accounted for the highest value in the Asia-Pacific savory snacks market. Growing Demand for Low Sodium Snacks, high sodium intake from foods is linked to high blood pressure. Increased dietary sodium intake is a risk factor for cardiovascular diseases.
The Asia Pacific Savory snacks market report thoroughly covers the market by product type, distribution channels, and countries including India, Japan, Malaysia, Australia, China, and key countries. The Asia Pacific savory snack market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific savory snack market trend, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Savory Snacks Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Savory Snacks Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Savory Snacks Market - Industry Life Cycle |
3.4 Asia Pacific Savory Snacks Market - Porter's Five Forces |
3.5 Asia Pacific Savory Snacks Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Savory Snacks Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Asia Pacific Savory Snacks Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.8 Asia Pacific Savory Snacks Market Revenues & Volume Share, By Flavor, 2020 & 2027F |
4 Asia Pacific Savory Snacks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Savory Snacks Market Trends |
6 Asia Pacific Savory Snacks Market, 2017 - 2027 |
6.1 Asia Pacific Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Asia Pacific Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.3 Asia Pacific Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
7 China Savory Snacks Market, 2017 - 2027 |
7.1 China Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 China Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.3 China Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
8 India Savory Snacks Market, 2017 - 2027 |
8.1 India Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 India Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.3 India Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
9 Japan Savory Snacks Market, 2017 - 2027 |
9.1 Japan Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Japan Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.3 Japan Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
10 Australia Savory Snacks Market, 2017 - 2027 |
10.1 Australia Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Australia Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.3 Australia Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
11 Indonesia Savory Snacks Market, 2017 - 2027 |
11.1 Indonesia Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Indonesia Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11.3 Indonesia Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
12 Philippines Savory Snacks Market, 2017 - 2027 |
12.1 Philippines Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Philippines Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12.3 Philippines Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
13 Thailand Savory Snacks Market, 2017 - 2027 |
13.1 Thailand Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Thailand Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13.3 Thailand Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
14 Malaysia Savory Snacks Market, 2017 - 2027 |
14.1 Malaysia Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.2 Malaysia Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
14.3 Malaysia Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
15 Singapore Savory Snacks Market, 2017 - 2027 |
16 Rest of Asia Savory Snacks Market, 2017 - 2027 |
16.1 Rest of Asia Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
16.2 Rest of Asia Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
16.3 Rest of Asia Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
17 Asia Pacific Savory Snacks Market Key Performance Indicators |
18 Asia Pacific Savory Snacks Market - Opportunity Assessment |
18.1 Asia Pacific Savory Snacks Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Savory Snacks Market Opportunity Assessment, By Product Type, 2020 & 2027F |
18.3 Asia Pacific Savory Snacks Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
18.4 Asia Pacific Savory Snacks Market Opportunity Assessment, By Flavor, 2020 & 2027F |
19 Asia Pacific Savory Snacks Market - Competitive Landscape |
19.1 Asia Pacific Savory Snacks Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Savory Snacks Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |