Opportunities in the Global Savory Snacks Sector: Analysis of Opportunities Offered by High Growth Economies

2017-06-14
Price :
Published : Jun-2017
No. of Pages : 166

Opportunities in the Global Savory Snacks Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Savory Snacks sector was valued at US$96.6 Billion in 2016 and is forecast to record a CAGR of 6.0% during 2016-2021 to reach US$129.3 Billion by 2021. North America was the leading region in the global Savory Snacks sector with a value share of 37.6% in 2016 whilst Asia-Pacific is forecast to record the fastest value growth globally at a CAGR of 8.0% during 2016-2021. A growing population, rising urbanization rate, and improving economy will remain the primary macroeconomic factors driving the sector globally. Long working hours and consumers’ busy schedules will further contribute to the snackification trend as they snack more often than usual to get a quick energy boost. Processed Snacks was the leading market with a value share of 36.4% in 2016.

Share of Savory Snacks as a percentage of the global food industry is expected to increase during 2011-2021. All the regions, except the Middle East & Africa, will witness a gain in share during the same period. Fragmented meal times due to rising busy lifestyles across the regions will result in an increase in snacking occasions. Many consumers in the Middle East & Africa are altering their eating habits to include more dairy and bakery products in their daily routine, which will boost the share of the Dairy & Soy Food and Bakery & Cereals sectors compared to Savory Snacks in the region.

Top 10 high potential countries included Japan, China, the US, Mexico, Brazil, Colombia, the UK, France, Russia, and Turkey. The US is set to continue leading the global Savory Snacks sector, while China is forecast to record the fastest growth globally during 2016-2021. Russia is set to emerge as the fastest-growing market for Savory Snacks in the Eastern European region with a CAGR of 8.5% during 2016-2021. Brazil represented the largest market in Latin America, accounting for 48.3% of total value sales, while the UK represented the largest market in the Western European region with 33.7% value share in 2016.

Savory Snacks with Health & Wellness attributes accounted for 15.4% of the overall global sector sales in 2016, an increase over 14.7% in 2011. This can be attributed to the strong demand for low-fat snacking options, which manufacturers are offering to appeal to health-conscious consumers. Additionally, with increased focus on healthy ingredients such as hemp seed and flaxseed, which are a natural source of amino acids and omega-3, there is robust demand from time-pressed consumers who seek convenient but healthy snacking options during short-breaks or while on the move.

The overall share for private label products in the global Savory Snacks sector stood at 9.1%, valued at US$8.7 Billion in 2016, an increase from 8.7% in 2011. Western Europe had the highest value share for private label Savory Snacks with 18.4% of the total sales in 2016, followed by North America with a value share of 10.5%. Hypermarkets & Supermarkets was the leading distribution channel for the global Savory Snacks sector, with a value share of 52.2% in 2016, followed by Convenience Stores with 32.2% share. The large share of the Hypermarkets & Supermarkets channel in the distribution of Savory Snacks can be attributed to the developed organized retail industry in major countries, where most consumers prefer to buy Savory Snacks.

The report “Opportunities in the Global Savory Snacks Sector” brings together multiple data sources to provide a comprehensive overview of the global Savory Snacks sector.

In depth, this report provides the following –
– Sector overview: Provides an overview of current sector scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging. The analysis also covers regional overview across six regions – Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe – highlighting sector size, growth drivers, latest developments, and future inhibitors for the region.
– Change in consumption: Provides a shift in the consumption of Savory Snacks as compared to other major sectors such as Bakery & Cereals, Confectionery, Dairy & Soy Food, and Ice Cream during 2011-2021 at global and regional level.
– High potential countries: Provides Risk-Reward analysis of top four high potential countries by region, based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
– Country and regional analysis: Provides deep-dive analysis of 10 high potential countries across the regions covering value growth during 2016-2021, key challenges, consumer demographics, and key trends. It also includes regional analysis covering future outlook for the region.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Savory Snacks sector at global and regional level during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Savory Snacks products across the six regions in 2016. It also covers the market share of leading companies offering Savory Snacks products with Health & Wellness attributes in the same year.
– Competitive landscape: Provides an overview of leading brands at global and regional level, besides analyzing the product profile, country level presence, market share, and growth of private labels in each region.
– Key distribution channels: Provides analysis on the leading distribution channels in the global Savory Snacks sector in 2016. It covers four distribution channels: Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, and Others, which includes Cash & Carries and Warehouse Clubs, ‘Dollar Stores’, Department Stores, e-Retailers, and General retailers.

Companies mentioned in this report: PepsiCo, Fujian Jinjiang Fuyuan Foodstuff Co, Orion Confectionery Co, Ltd, Golden Orchard Farmer (Beijing) Food Co., Ltd, Calbee Inc., Kameda Seika Co., Bourbon Corporation, Amanoya, Baby star snacks The Kellogg Company, The Kraft Heinz Company, ConAgra Foods, Arca Continental, S.A.B. de C.V

Scope

– The report provides an overview of global and regional markets covering – Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe – highlighting sector size, growth drivers, latest developments, and future inhibitors for the region. It also identifies top ten high potential countries and provides deep dive analysis of top two countries in each region (except MEA).
– The report draws on the sector data by analyzing key distribution channels for Savory Snacks in the global market.
– Sector data is also used for studying the level of competition in the sector by identifying the top brands at a global and regional level with insights on sector shares of private label products.
– The report also includes insights on Health & Wellness products in terms of value and percentage share in the overall Savory Snacks sector at global and regional level during 2011-2021.

Reasons to buy

– To have a thorough fact based analysis with information about the global Savory Snacks sector across the six regions in value terms and the underlying factors that are driving the sales
– To gain confidence to make the correct business decisions based on a detailed analysis of the global Savory Snacks sector and to identify high potential countries over the next 5 years
– The analysts have placed a significant emphasis on the mega trends that drive consumer choice and will provide a clear picture about the future opportunities that can be explored across the region, resulting in revenue expansion
– To gain competitive intelligence about leading brands in the Savory Snacks sector at global and regional level with information about their sector share, business descriptions and product profiles

Filed in: Food & Beverage
Publisher : GlobalData
More Reports
Title Price Buy Now

Opportunities in the Asia Pacific Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies

Opportunities in the Asia-Pacific Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies Summary "Opportunities in the Asia-Pacific Prepared Meals Sector", report brings together multiple data sources to provide a comprehensive overview of the region's preperaed meals sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies. The global prepared meals sector was valued at US$86,943 million in 2017. Ready meals was the largest in the region, with value sales of US$17,121.3 million in 2017. Hypermarkets & supermarkets was the leading distribution channels for prepared meals in the Asia-Pacific region in 2017. Scope This report brings together multiple data sources to provide a c......
$2100

The Baby Food Sector in Indonesia, 2018

The Baby Food Sector in Indonesia, 2018 Summary "The Baby Food Sector in Indonesia, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Indonesian market. Dietary habits have inhibited sales of commercially prepared baby foods in Indonesia. With the exception of Jakarta, many Indonesians have a traditional diet, based on rice, fresh fruit, and vegetables, supplemented with meat, although, 80% of the population is Muslim, and do not eat pork or non-halal meat. Babies are often fed on a mixture of brown rice and water, which is regarded as highly nutritious, while industrially prepared alternatives are usually unavailable to mothers living in rural areas, which account for 45% of Indonesia's population. In 2017,......
$3275

Opportunities in the Western Europe Hot Drinks Sector: Analysis of opportunities offered by high growth economies

Opportunities in the Western Europe Hot Drinks Sector: Analysis of opportunities offered by high growth economies Summary "Opportunities in the Western Europe Hot Drinks Sector", report brings together multiple data sources to provide a comprehensive overview of the region's hot drinks sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies. The Western Europe hot drinks sector was valued at US$36,249.9 million in 2017. Hot coffee held the largest share, accounting for 75.6% of total value sales in 2017. Hypermarkets & supermarkets was the leading distribution channel for hot drinks in Western Europe with a 54.4% share in 2017. Scope This report brings together multiple data sources to provide a compr......
$2100

Opportunities in the Eastern Europe Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies

Opportunities in the Eastern Europe Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies Summary This report brings together multiple data sources to provide a comprehensive overview of the region's prepared meals sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies. It provides in-depth analysis of the following - - The Eastern Europe prepared meals sector was the fourth largest in value terms in 2017 - Ready meals was the largest category in the prepared meals sector, while meal kits is forecast to register the fastest CAGR during 2017-2022 - Consumption of ready meals is expected to increase in all high potential countries except Russia - Most of the leading players i......
$2100

The Baby Food Sector in Denmark, 2018

The Baby Food Sector in Denmark, 2018 Summary "The Baby Food Sector in Denmark, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Danish market. Per capita consumption of commercial baby food in Denmark is low, particularly in the case of baby meals, reflecting a continuing allegiance to traditional methods of feeding. Consumer perception that ready-prepared meals are unhealthy has traditionally held back demand, although manufacturers have responded to this issue by reducing levels of added sugar and salt in their recipes, or removing them entirely. Baby Food market value is expected to rise by 41.8% in current terms over the forecast period. In real terms, market value in 2023 is likely to be 26.6% higher ......
$3275

The Baby Food Sector in Saudi Arabia, 2018

The Baby Food Sector in Saudi Arabia, 2018 Summary "The Baby Food Sector in Saudi Arabia, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Saudi Arabia market. Saudi Arabia has a youthful population: couples traditionally marry young and then have large families. As a result, the population has risen steadily, although the birth rate has fallen in recent years. Living standards are high. Saudi Arabia has a rapidly developing retail sector and the market for baby food has grown steadily. The demand for baby food in Saudi Arabia has further potential for growth given the increased exposure to Western lifestyles, the underlying strength of the economy. This will be encouraged by retail developments, positive c......
$3275

Opportunities in the Western Europe Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies

Opportunities in the Western Europe Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies Summary This report brings together multiple data sources to provide a comprehensive overview of the region's prepared meals sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies. It provides in-depth analysis of the following - - Western Europe has the highest value share of the global prepared meals sector in 2017 - Germany will be the largest prepared meals market (by value) during 2017-2022 - The UK registers higher per capita consumption and expenditure compared to the regional average - Nomad Foods registered the highest growth rate within the ready meals category in 2012-2017 -......
$2100

Country Profile: Savory & Deli Foods in Indonesia

Country Profile: Savory & Deli Foods in Indonesia Summary The Indonesian savory & deli foods sector is led by the ‘prepared salads' category both in value and volume terms. However, ‘pates' category is expected to register the fastest growth both in value and volume terms during 2017-2022. The consumption of savory & deli foods is higher among females than males in 2017. Hypermarkets & supermarkets is the leading channel for the distribution of savory & deli foods in the country. Rigid plastics is the most commonly used pack material in the sector. GlobalData's Country Profile report on the savory & deli foods sector in Indonesia provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and brand......
$875

Baby Nutrition Insights – Issue 37

Baby Nutrition Insights - Issue 37 Summary "Baby Nutrition Insights - Issue 37", is an analytical report by GlobalData which provides extensive and highly detailed information on the key markets in the Baby Food industry. This quarterly issue provides a review of news and analysis for the infant nutrition industry, covering the July- September 2018 period. Market News includes: in Argentina, Mead Johnson has terminated its distribution agreement with SanCor; in the USA Danone's Happy Family has launched meals in jars to allow it to access the WIC market; in Australia A2, Bubs and Bellamy's are improving their distribution and gaining share; China is amending its standards for baby milks; in the Japanese market liquid infant formulae will now be permitted; the Russian Detskiy Mir retail ......
$1400

Country Profile: Savory & Deli Foods in the UAE

Country Profile: Savory & Deli Foods in the UAE Summary The UAE savory & deli foods sector is led by the ‘savory baked goods' category in both value and volume terms, while ‘cured meats' category is expected to register the fastest growth in both value and volume terms during 2017-2022. Hypermarkets & supermarkets accounted for the leading share in the distribution of savory & deli foods products in the country. Rigid plastics is the most commonly used pack material, followed by flexible packaging and rigid metal. ‘Khazan Meat Factory UAE' and Midamar Corporation' are the market players in the UAE savory & deli foods sector. GlobalData's Country Profile report on the savory & deli foods sector in the UAE provides insights on high growth markets to target, trends in the usage of packa......
$875
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy