Global Savory Snacks Market to Post a Value CAGR of 7.9% and Per Capita Value 7.1% CAGR by 2020 Market Research Report
Summary
The Global Savory Snacks market in 2015 was valued at US$94.5 billion and is expected to post a value CAGR of 7.9% and per capita value CAGR of 7.1% during 20152020. Growth in the global market is expected to come mainly from the developing countries in the Asia-Pacific region followed by the East European regions, while countries in the Latin American region are expected to register marginal growth. Booming population in Asia-Pacific regions coupled with healthy economic outlook presents a significant opportunity for growth of Savory Snacks market. In developed markets (such as the US, the UK and France), novelty is crucial and consumers look for exotic and different flavors in Savory Snacks while in developing markets (such as Brazil, China and India) novel products as well as value deals remain high in demand.
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The Global Savory Snacks market is highly fragmented with the top 5 brands holding less than 16% of the combined market share. Lays, Doritos, Pringles, Cheats and Ruffles are the leading brands with the highest market share in 2015. Hypermarkets & Supermarkets is the leading retail channel for Savory Snacks across all regions followed by Convenience Stores. Flexible Packaging is the most commonly used packaging material in the Global Savory Snacks market accounting for majority of the market share.
Key Findings
Global Savory Snacks market is set to grow, driven by increasing urbanization levels and growing demand from developing countries.
Drivers for shift in consumption patterns: Increasing urbanization and emerging middle income group in the developing countries is driving the Savory Snacks industry growth.
In East Europe region, Russia is the largest market for Savory Snacks products in value terms, and is expected to grow at a CAGR of 10% during 2015-2020.
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Table of Contents
Executive Summary
Market Overview
Current market scenario and future outlook
Global Savory Snacks market overview what are the growth drivers, latest developments and future inhibitors
Regional Savory Snacks market overview what are the growth drivers, latest developments and future inhibitors
Key challenges in the global Savory Snacks market
Changes in Savory Snacks Food consumption patterns
Shift in food consumption patterns in developing and emerging markets
Shift in consumption of Savory Snacks, Bakery & Cereals, Dairy & Soy Food, Confectionery and Ice Cream, 2010 2020 (global and regional analysis)
Identifying high potential countries
Analysis of 50 countries on the basis of Market Assessment, Economic Development, Socio-demographic, Governance Indicators, and Technological infrastructure
Country Analysis
Trend analysis for leading high potential countries
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