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Savory Snacks Market Size
- Report ID: GMI6375
- Published Date: Aug 2023
- Report Format: PDF
Savory Snacks Market Size
Savory Snacks Market size was valued at USD 274.2 billion in 2023 and is estimated to grow at over 5.4% CAGR during 2024 and 2032. Busy lifestyles and a preference for quick and easy snacks have boosted demand for savory snacks. Savory snacks come in a wide range of flavors, including traditional, ethnic, and innovative options.
The rise of snacking culture, especially among millennials and Gen Z, has led to a higher frequency of snacking occasions throughout the day. Consumers seek a variety of savory snacks to satisfy their cravings between meals.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Savory Snacks Market Size in 2023: | USD 274.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 431.7 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Product Type, Health & Wellness, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Increased awareness of health and nutrition among consumers has led to a demand for healthier snack options. The savory snacks market faces criticism for products high in salt, fat, and artificial additives, leading to a need for healthier formulations and cleaner labels. The rise of healthier snack alternatives, such as nuts, seeds, and fruit-based snacks, poses a challenge to traditional savory snacks, especially those perceived as less nutritious. Savory snacks are often perceived as impulse purchases, and consumers can be price-sensitive. Brands must strike a balance between affordability and offering quality products.
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Savory Snacks Market Scope
