The ‘Global Baked Savoury Snacks Market Growth, Trend, Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives a detailed outlook of the global market for baked savoury snacks. It examines the market according to its varied segments like product type, distribution channel, application, and major regions.
Baked Savoury Snacks Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2022-2027): 4.10%
Aversion from sugar has become a popular wellness trend in society. This is due to growing awareness among consumers about the harmful effects of a high-sugar diet intake and rising consumer consciousness towards maintaining their lifestyle and eating a balanced diet. Apart from propelling obesity, high sugar intake has been linked to lead to cognitive impairments, negative neuroplasticity, anxiety, and depression.
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Further, overconsumption of sugar can drive changes in neurobiological brain function, altering the emotional state and subsequent behaviours of people. Therefore, sugar detox diets are taking off more swiftly than ever. Apart from this, people suffering from diseases such as diabetes naturally avoid sugar-based food. Combined, these factors are expected to keep favouring the demand outlook for savoury meals and snacks.
Savoury baked foods such as crispy and cheesy puff pastry or buttered biscuits are a saviour to people’s cravings for snacks or appetizers with no sweet. In addition to being healthy and delicious, they can be made with simple ingredients which implies little or no fuss. Additionally, people who are not categorised as having a sweet tooth are more likely to resort to these, creating continuous opportunities for the growth of this share of the market.
Baked Savoury Snacks Market Segmentation
Savoury baked goods refer to food that is made from a dough or batter that has been cooked by the help of prolonged dry heat. It is facilitated by appliances such as microwave or an oven, and has no ingredient which adds sweetness to it. It can include food products such as breads, buns, pies, and more.
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On the basis of product type, the market is segmented into:
• Popcorn
• Savoury Biscuits
• Potato Chips
• Pretzels
• Extruded Snacks
• Tortilla Chips
• Others
The market is divided into the following, based on the distribution channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Speciality Stores
• Online Retail
• Others
The applications of the market are:
• Household
• Commercial
• Others
The major regions covered in the report include:
• Asia Pacific
• North America
• Latin America
• Europe
• Middle East and Africa
Baked Savoury Snacks Market Trends
Growing hectic schedules have paved the expansion for the market of readily available food options that are categorised as grab and go. Convenient options to eat that do not need to be cooked and are still fulfilling in between meals and positively contribute towards the growth of the global baked savoury snacks market. Availability of these baked savoury food items across a range of distribution channels such as supermarkets, hypermarkets and convenience stores cater to the ease of access for people.
Expanding online platforms and the array of products available on them have proven beneficial as well. Varied blends of seasonings used in baked savoury food preparations to enhance the flavour is expected to give range to the consumers. With the impact of the COVID-19 pandemic, the number of packaged baked goods available increased.
Demand from commercial end-users also creates constant opportunities to grow for the market. North American and European countries widely consume baked food, consequently, holding a significant share in the global baked savoury snacks market.
Key Market Players
The major players in the global baked savoury snacks market report include:
- General Mills, Inc.
- ITC Limited
- PepsiCo Inc.
- Conagra Brands, Inc.
- Lorenz Bahlsen Snack-World GmbH & Co KG
- Chaucer Foods Ltd.
- Amplify Snack Brands, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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