Baked Savory Snacks Market 2023-2030: Know the industry leaders, Current Trends and Scope
Baked Savory Snacks Market Overview:
The Baked
Savory Snacks Case Study has experienced steady growth in recent years
and is expected to continue its upward trajectory. Factors such as changing
lifestyles, increasing disposable income, and a shift towards healthier eating
habits have contributed to the market's expansion. According to industry
reports, the global Bone Harvester Market was valued at USD 18,593.69 Million
in 2022 and is projected to reach USD 27,657.78 Million by 2030, growing at a
CAGR of 5.1% during the forecast period.
Market Definition:
Baked savory
snacks refer to a variety of flavourful snack items that are prepared by baking
instead of deep-frying. These snacks are typically made from ingredients such
as grains, vegetables, or potatoes, which are seasoned with various herbs,
spices, and flavours to enhance their taste. Unlike fried snacks, baked savory
snacks are cooked using dry heat in an oven, resulting in a lighter texture and
reduced oil content.
Market Drivers:
As more
individuals become aware of the importance of a balanced and healthy diet,
there is a growing demand for snacks that align with their wellness goals.
Baked savory snacks, known for their lower fat and calorie content compared to
fried snacks, are seen as a healthier snacking option.
Consumer
preferences have evolved over time, with a greater emphasis on nutritious and
wholesome food choices. Baked savory snacks, often made with whole grains,
natural ingredients, and without artificial additives, meet the demand for
healthier snacking alternatives.
Visit Here: Full Report
Of Baked Savory Snacks Market
Market Challenges:
The market
is highly competitive, with numerous established players and new entrants vying
for market share. The presence of various brands offering similar products
creates a competitive environment, requiring companies to differentiate
themselves through unique flavours, product innovations, and effective
marketing strategies.
The cost of
raw materials used in the production of baked savory snacks, such as grains,
seasonings, and packaging materials, can be subject to volatility. Fluctuations
in raw material prices can impact profit margins and require companies to
manage their supply chain effectively.
Key Players of the Baked Savory
Snacks Market
The baked
savory snacks market is highly competitive, with several key players dominating
the industry. These companies focus on product innovation, quality, and
marketing strategies to gain a competitive edge. Some of the prominent players
in the market include:
·
Kellogg's
Company
·
Orkla
·
Europe
Snacks
·
PepsiCo
·
Chaucer
Foods Ltd
·
Hain
Celestial
·
Amplify
Snack Brands
·
Mondelez
International
·
General
Mills Inc.
·
Cornitos
(Greendot Health Foods Pvt. Ltd.)
Market Segmentation:
By Product Type
·
Biscuits
·
Cookies
·
Crackers
·
Muffins
·
Pretzels
·
Popcorn
·
Others
By Distribution Channel
Offline
·
Supermarkets/Hypermarkets
·
Convenience
Stores
·
Specialty
Stores
·
Others
Online
·
E-commerce
·
Company
Owned-Website
Regional Analysis:
North
America holds a significant market share in the baked savory snacks market. The
region has seen a for
healthier snack options among health-conscious consumers. Europe has witnessed
an increasing awareness about the health benefits of baked savory snacks. Consumers
in this region are inclined towards organic and natural ingredients in their
snacks. The Asia-Pacific region presents substantial growth Baked
Savory Snacks opportunities in the baked savory snacks market. Rapid
urbanization and changing dietary preferences have contributed to the market's
expansion.
Recent Developments:
Pringles Introduces Veggie Creations
Line (2021): In
2021, Pringles, a well-known snack brand, introduced its "Veggie Creations"
line of baked savory snacks. This new line features flavours inspired by
vegetables, offering consumers a healthier snacking option with a focus on
plant-based ingredients.
Lay's Launches Oven Baked Range
(2022): In 2022,
Lay's, a popular snack brand, launched its "Oven Baked" range of
savory snacks. This range includes baked potato chips and other baked snacks
that are lower in fat compared to traditional fried options, appealing to
health-conscious consumers.
About CBI
Consegic Business Intelligence Pvt
Ltd. is the leading research industry that offers
contextual and data-centric research services to its customers across the
globe. The firm assists its clients to strategize business policies and
accomplish sustainable growth in their respective market domains. The industry
provides consulting services, syndicated research reports, and customized
research reports.
Topnotch research organizations and institutions to
comprehend the regional and global commercial status use the data produced by
Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth
analytical and statistical analysis on various industries in foremost countries
around the globe.
Contact us:
Consegic Business intelligence Pvt
Ltd.
Comments
Post a Comment