The Europe Savory Snacks Market would witness market growth of 6.57% CAGR during the forecast period (2021-2027).
Savory snack refers to food products containing salt such as potato chips, savory biscuits, tacos, and other baked snacks. Due to their time-saving nature, these savory snacks come under the category of convenience food. There has been a flourishing demand for savory snacks from the youngsters due to which the savory snacks industry would boom during the forecast period.
Millennial see snacks as a source of energy between meals while the older generation sees it as a treat. Owing to the rising awareness among the consumers regarding health and wellness, producers and manufacturers are constantly fulfilling the demand of consumers by providing different types of low calorie, gluten-free and low-fat products.
People residing in the European region highly enjoy the consumption of savory snacks at different events and occasions. For instance, savory snacks are enjoyed as an aperitif in France while they are preferred products on social occasions with family and friends in Germany. Along with this, snacks are frequently consumed on-the-go as a quick energy boost or a treat throughout the day in the UK.
Moreover, snacks have become a crucial component of the diet for the majority of the people across this region. Consumers are likely to choose savory snacks while traveling, working, and so on, which would accelerate the product demand in the region. In addition, manufacturers operating in this region are constantly coming up with new products in order to cater to the rising demand from consumers. These factors are likely to augment the growth of the regional savory snacks market in the new few years.
The Germany market dominated the Europe Supermarket/Hypermarket Market by Region 2020, thereby, achieving a market value of $3,497.7 million by 2027. The UK market is exhibiting a CAGR of 4% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 5.6% during (2021 - 2027).
Based on Product, the market is segmented into Extruded Snacks, Potato Chips, Popcorn, Nuts & Seeds, and Other Products. Based on Distribution Channel, the market is segmented into Retailers, Online, Supermarket/Hypermarket, Convenience Stores and Other Channels. The report also covers geographical segmentation of Savory Snacks market. Based on Flavor, the market is segmented into Barbeque, Spice, Beef, Roasted/Toasted and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Savory Snacks Market Size will Hit $171.9 Billion by 2027, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., PepsiCo, Inc., Campbell Soup Company, Arca Continental SAB de CV, Kellogg Company, General Mills, Inc., The Kraft Heinz Company, Conagra Brands, Inc., ITC Limited, and Kikkoman Corporation
By Product
By Distribution Channel
By Flavor
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