GITNUX MARKETDATA REPORT 2024

Savory Snacks Industry Statistics

The savory snacks industry is expected to continue to grow steadily due to increasing demand for convenient and on-the-go snack options.

With sources from: grandviewresearch.com, statista.com, blog.euromonitor.com, supermarketnews.com and many more

Statistic 1

The global savory snacks market size was valued at USD 94.30 billion in 2020.

Statistic 2

The savory snacks market is expected to grow at a CAGR of 4.2% from 2021 to 2028.

Statistic 3

Europe accounted for the largest market share of more than 39% in 2020 in the savory snacks market.

Statistic 4

The North American savory snacks market is likely to grow with a 6.37% CAGR over the 2021-2026 period.

Statistic 5

Approximately 4% of the world’s savory snack sales are made online.

Statistic 6

By 2025, the global savory snacks market is projected to reach $217.6 billion.

Statistic 7

Popcorn segment is one of the fastest-growing segment with a CAGR of 7.9% during 2019-2025.

Statistic 8

In 2020, the U.S. savory snacks market reached $32 billion.

Statistic 9

Pepsi Co accounted for nearly 39% of the U.S. savory snack sales in 2017.

Statistic 10

Nearly 90% of adults in the U.S. consumed savory snacks in 2018.

Statistic 11

In the UK, the savory snacks market was worth over £3.22 billion in 2018.

Statistic 12

China’s savory snacks market is expected to reach $16,675 million by 2024.

Statistic 13

The demand for roasted and toasted savory snacks in the U.S. is expected to increase by 5.4% annually until 2024.

Statistic 14

The savory biscuits market holds a majority share of approximately 49% in the Savory Snacks industry in India.

Statistic 15

In 2020, Frito-Lay’s brands held six of the top ten savory snack positions in the U.S.

Statistic 16

The entire Latin American savory snacks market is projected to reach $13.1 billion by 2021.

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In this post, we will explore the latest statistics and trends in the global savory snacks industry. From the market size and growth projections to regional insights and key players’ market shares, we’ll provide a comprehensive overview of this thriving sector. So, grab your favorite snack and let’s dive into the data behind the savory snacks industry.

Statistic 1

"The global savory snacks market size was valued at USD 94.30 billion in 2020."

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Statistic 2

"The savory snacks market is expected to grow at a CAGR of 4.2% from 2021 to 2028."

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Statistic 3

"Europe accounted for the largest market share of more than 39% in 2020 in the savory snacks market."

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Statistic 4

"The North American savory snacks market is likely to grow with a 6.37% CAGR over the 2021-2026 period."

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Statistic 5

"Approximately 4% of the world’s savory snack sales are made online."

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Statistic 6

"By 2025, the global savory snacks market is projected to reach $217.6 billion."

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Statistic 7

"Popcorn segment is one of the fastest-growing segment with a CAGR of 7.9% during 2019-2025."

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Statistic 8

"In 2020, the U.S. savory snacks market reached $32 billion."

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Statistic 9

"Pepsi Co accounted for nearly 39% of the U.S. savory snack sales in 2017."

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Statistic 10

"Nearly 90% of adults in the U.S. consumed savory snacks in 2018."

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Statistic 11

"In the UK, the savory snacks market was worth over £3.22 billion in 2018."

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Statistic 12

"China’s savory snacks market is expected to reach $16,675 million by 2024."

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Statistic 13

"The demand for roasted and toasted savory snacks in the U.S. is expected to increase by 5.4% annually until 2024."

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Statistic 14

"The savory biscuits market holds a majority share of approximately 49% in the Savory Snacks industry in India."

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Statistic 15

"In 2020, Frito-Lay’s brands held six of the top ten savory snack positions in the U.S."

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Statistic 16

"The entire Latin American savory snacks market is projected to reach $13.1 billion by 2021."

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Interpretation

The global savory snacks industry is experiencing significant growth, with various regions and segments showing promising trends. Europe and North America are key players in this market, with online sales also on the rise. The projections for the future market size are impressive, indicating a lucrative opportunity for businesses in this sector. Additionally, specific segments like popcorn and roasted/toasted snacks are expected to drive further growth. Overall, the data suggest a bright future for the savory snacks industry worldwide, with notable opportunities for innovation and expansion.

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