The Europe Baked Savory Snacks Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
Baked savory snacks consist of potato chips, pretzels, popcorn, savory biscuits, tortilla chips, and extruded snacks like maize fritters and vegetable straw snacks. The demand for baked delectable treats has increased substantially, as they are readily available and relatively inexpensive. Furthermore, a rise in preference for multigrain crackers and the creation and launch of new baked savory snacks are driving the market.
The increasing demand for healthy options is influencing the categories of savory snacks. Consumers seek protein-based options for various reasons, including satiety, energy, weight loss, muscle support, longevity, and general nutrition. Creating products with healthy ingredients that are also convenient and delicious might prove to be an effective approach for manufacturers.
Food manufacturers seek to attract the new "curious consumer" by introducing healthier delectable snack options in response to consumer demand for more creative, healthy snacking experiences. Consumers are gradually substituting more adaptable, light, and convenient nibbling alternatives for main meals due to increasing urbanization and chaotic lifestyles.
The European Union, which accounts for more than 40% of all global imports of edible nuts, is the largest market for these products worldwide, according to the Centre for the Promotion of Imports. The volume of imports is consistently rising. Opportunities exist for exporters from developing nations in large importing as well as consuming markets like the Netherlands, Germany, France, and the UK. The primary trends promoting the rising consumption of dried fruit and edible nuts emphasize natural, low-sugar, and secure products. As a result, the demand for baked nuts is also increasing rapidly in the region. Due to the rise in demand for baked products throughout the region, the market is expected to grow rapidly.
The Germany market dominated the Europe Baked Savory Snacks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,994.6 million by 2029. The UK market is experiencing a CAGR of 5.8% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 7.5% during (2023 - 2030).
Based on Product, the market is segmented into Chips & Crisps, Nut & Seeds, Popcorn and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Baked Savory Snacks Market is Projected to reach USD 80.9 Billion by 2030, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Mills, Inc., Kellogg Company, Orkla ASA, PepsiCo, Inc., Chaucer Foods Ltd. (Pilgrim Food Group PLC), ITC Limited, The Hain Celestial Group, Inc., Amplify Snack Brands Inc (The Hershey Company), Consolidated Biscuit Co. Ltd, and Europe Snacks Group.
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