Market Forecast by Countries (United States, Canada), 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: ETC059842 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Savory Snacks Market is anticipated to register sound revenue in the upcoming six years on the back of the rising number of the working population who tends to prefer for a convenient healthy food option among which meat-based snacks being the top preferable snack. Additionally, social occasions like festivals and birthday parties are estimated to hold major market share owing to a rising offering of a wide range of savory snacks which is further expected to bolster the optimistic growth of the North America savory snacks market in the coming time zone.
North America Savory Snacks Market is anticipated to gain sound growth prospects in the coming time zone. The savory snacks sector finds itself challenged by the need to navigate a successful route between competing consumer needs and expectations for indulgent, quality experiences, improved health credentials, and positive nutrition, while still delivering convenience. At the same time, there is growing social and political acceptance of regulatory intervention - whether through taxes or advertising bans - to make "junk food" less appealing, particularly to children. Thus, consumer demand and legislative force are moving savory snacks in new directions, where healthy formulations are becoming more sophisticated, working in tandem with hybrid recipes crossing genres, and such products are aiming to claim ground as genuine meal replacement options. Historically, packaged snack food products have the distinction of being viewed as unhealthy. Indeed, snack choices and occasions, in general, are a couple of the first focal points for changed behavior when consumers seek to pursue healthier lifestyles.
According to 6Wresearch, North America Savory Snacks Market is expected to gain sound growth prospects throughout the forecast period 2021-2027. Growing consciousness about health and changing consumer food reference are the major factors driving the growth of the market. Moreover, changing lifestyles and increasing investment in R&D activities further enhance the overall market demand for Savory Snacks during the forecast period. The swelling demand for convenient food products with easy availability and relatively low cost of ingredients for savory snacks, especially, extruded corn-based snacks are compelling manufacturers to expand heavily in the product segment. With new product developments and innovations like multigrain chips, there exists a huge opportunity among the companies to establish their reputation in the market as a pioneer. North America is the largest savory snack market followed by Europe. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the snack food manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. However, various multinational food corporations are based in the US, which gives the region unprecedented leverage over others.
Some of the major players in the North America Savory snack market are Hain Celestial Group Inc., PepsiCo Inc., Unilever, Nestle, Quinoa Corporation, and Amy's Kitchen Inc.Calbee is committed to making snacking a more wholesome and enjoyable experience.
The North America Savory snacks market report thoroughly covers the market by product type, distribution channels, including countries like Canada and United States. The North America savory snack market outlook report provides an unbiased and detailed analysis of the ongoing North America savory snack market trends, 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 North America Savory Snacks Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Savory Snacks Market Revenues & Volume, 2020 & 2027F |
3.3 North America Savory Snacks Market - Industry Life Cycle |
3.4 North America Savory Snacks Market - Porter's Five Forces |
3.5 North America Savory Snacks Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Savory Snacks Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 North America Savory Snacks Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.8 North America Savory Snacks Market Revenues & Volume Share, By Flavor, 2020 & 2027F |
4 North America Savory Snacks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Savory Snacks Market Trends |
6 North America Savory Snacks Market, 2017 - 2027 |
6.1 North America Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 North America Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.3 North America Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
7 United States Savory Snacks Market, 2017 - 2027 |
7.1 United States Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 United States Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.3 United States Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
8 Canada Savory Snacks Market, 2017 - 2027 |
8.1 Canada Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 Canada Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.3 Canada Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
9 North America Savory Snacks Market, 2017 - 2027 |
9.1 North America Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 North America Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.3 North America Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
10 North America Savory Snacks Market, 2017 - 2027 |
10.1 North America Savory Snacks Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 North America Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.3 North America Savory Snacks Market, Revenues & Volume, By Flavor, 2017 - 2027 |
11 North America Savory Snacks Market Key Performance Indicators |
12 North America Savory Snacks Market - Opportunity Assessment |
12.1 North America Savory Snacks Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 North America Savory Snacks Market Opportunity Assessment, By Product Type, 2020 & 2027F |
12.3 North America Savory Snacks Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
12.4 North America Savory Snacks Market Opportunity Assessment, By Flavor, 2020 & 2027F |
13 North America Savory Snacks Market - Competitive Landscape |
13.1 North America Savory Snacks Market Revenue Share, By Companies, 2020 |
13.2 North America Savory Snacks Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |