North and South America Savory Snacks Market Size, Competitive Landscape, Distribution Channel, Key Trends and Forecast, 2021-2025
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The savory snacks market in the Americas was valued at $54,751.5 million in 2020 and is projected to register a growth of more than 5% during the forecast period 2021-2025. Processed snacks accounted for the largest value share in 2020, followed by the potato chips category. During the same period, flexible packaging was mostly used by the Americas savory snacks sector followed by paper & board. Hypermarkets and supermarkets is the leading distribution channel in the Americas savory snacks sector followed by convenience stores. The meat snacks category is projected to grow at a fast pace during the forecast period.
Overview of the savory snacks market in the Americas
For more insights on this report, download a free report sample
What are the market dynamics in the savory snacks market in the Americas?
As the coronavirus pandemic presses on, consumers have settled into routines that involve a lot more home cooking, and studies suggest these habits will continue after the pandemic. This shift is driving a change in shopping lists as well. Food retailers and manufacturers are catering to consumers’ needs by launching ready-to-cook frozen savory snacks products that can make home snacking healthier. In addition, many people feel unsafe going to physical stores frequently and, in turn, are buying products that can be cooked at home easily, by just frying or baking. Consumers are also experimenting with savory snacks recipes at home to better indulge in food at their convenience.
With convenience being a major growth driver, manufacturers were increasingly using flexible packaging to provide portable, on-the-go packs of savory snacks products. The waste generated by these packs often ends up in landfills and results in environmental degradation. However, the COVID-19 pandemic has reduced out-of-home consumption and now people are more concerned about their actions and their impact on the environment. Thus, consumers are demanding that these products must come in sustainable or renewable packaging. Therefore, manufacturers are using recyclable, reusable, and biodegradable materials for packaging.
What is the country-level outlook in the savory snacks market sector of Americas?
Chile, Canada, Brazil, and the US are the high-potential countries in the Americas savory snacks sector owing to their large market size, projected high-value growth rates, and rising per capita value growth levels. Among the high-potential countries, the US was the largest market in value terms in 2020, while Chile is set to record the highest value and volume CAGRs during the forecast period.
Savory snacks market in Chile: The rise in health-conscious attitude among Chilean consumers in recent times has led to an increase in demand for savory snacks products which offer health benefits. The increasing disposable income of consumers is also driving the growth in the sector.
Savory snacks market in Canada: The rising health awareness among Canadians in the wake of the pandemic has encouraged them to maintain healthy diets. Consumers are seeking savory snacks which are rich in protein, fibers, and made using healthy ingredients. The Canadian savory snacks sector is expected to grow at a moderate pace during the forecast period. This projected growth can be attributed to the estimated rise in the employment rate in the country.
Savory snacks market in Brazil: The demand for personalized products is gradually growing in Brazil, wherein products that are marked as free from gluten, lactose, and contain less salt, are in demand. Brazil accounted for the second-highest market share in the Americas savory snacks sector in 2020. Processed snacks was the leading category in 2020, followed by nuts and seeds, and potato chips.
Savory snacks market in the US: In the US, there is a growing consumer shift towards food products that comply with health benefits. In 2020, the US accounted for the leading market share amongst the high-potential countries. The country’s savory snacks market is expected to grow between 2020 and 2025. This projected growth can be attributed to the increasing net household disposable income in the country.
Savory snacks market in the Americas, by key countries
For more regional insights, download a free report sample
What are the category classifications in the savory snacks market in the Americas?
The savory snacks market in the Americas is classified into ethnic/traditional snacks, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, processed snacks. In terms of per capita expenditure (PCE) in the savory snacks sector, the processed snacks category recorded the highest PCE in the Americas region in 2020 followed by the potato chips category. The US recorded the highest PCE across all the categories in the sector with the highest PCE in the processed snacks category followed by the potato chips category. Canada recorded the second-highest PCE across all the categories in the region, except nuts and seeds.
In terms of value sales, processed snacks was the largest category in 2020 with a CAGR of more than 5%. The meat snacks category is expected to register the fastest value growth during the forecast period with a CAGR of more than 6%. The nuts and seeds category is anticipated to witness a decrease in consumption share during the forecast period. The popcorn category is also projected to follow a similar consumption pattern except for the US where it is projected to register an increase in consumption share. Furthermore, the meat snacks category is projected to witness an increase in consumption share in Brazil and the US, while potato chips are projected to register an increase in consumption share in Chile and Canada during the same period.
Savory snacks market in the Americas, by category
For more segment insights, download a free report sample
Which are the major players in savory snacks market in the Americas?
The key players in the savory snacks market in the Americas are PepsiCo, The Kellogg Company, Link Snacks Inc., Campbells Soup Company, The Kraft Heinz Company, ConAgra Brands Inc, General Mills, Inc., Grupo Bimbo, S.A.B. de C.V., Utz Quality Foods, Inc., and Wonderful Pistachios & Almonds LLC.
Savory snacks market in the Americas, by key players
To know more about key players, download a free report sample
Market report scope
Market size (Year – 2020) | $54,751.5 million |
Growth rate (CAGR) | >5% |
The base year for estimation | 2020 |
Forecast period | 2021-2025 |
Segmentation by category | Ethnic/Traditional Snacks, Meat Snacks, Nuts and Seeds, Popcorn, Potato Chips, Pretzels, and Processed Snacks |
Key players | PepsiCo, The Kellogg Company, Link Snacks Inc., Campbells Soup Company, The Kraft Heinz Company, ConAgra Brands Inc, General Mills, Inc., Grupo Bimbo, S.A.B. de C.V., Utz Quality Foods, Inc., and Wonderful Pistachios & Almonds LLC |
This report brings together multiple data sources to provide a comprehensive overview of the Americas savory snacks sector, analyzing data from 21 countries in the region. It includes an analysis of the following:
- Market Environment: Includes sector size, market size, and growth analysis by category.
- High-Potential Countries’ Analysis: Indicates changing share of value consumption in the various savory snacks categories across high-potential countries in the Americas region. It also provides a Risk-Reward analysis of four countries across the Americas region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
- Country Deep Dive: Provides the overview, demographic analysis, and key trends across high-potential countries.
- Success Stories: Provides some of the most compelling savory snacks manufacturers, brands, products, and marketing campaigns in the Americas region. It also provides a better understanding of how a certain manufacturer achieved success in the sector and insights.
- Competitive Environment: Provides an overview of leading companies in the Americas region, besides analyzing the growth of private labels in 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 during 2015-2020. The analysis includes key health & wellness attributes and consumer benefits driving the sales of the savory snacks sector in 2020. It also covers the market share of leading companies offering savory snacks products with health and wellness attributes in the same year.
- Distribution Analysis: Provides analysis on the leading distribution channels in the Americas savory snacks sector in 2020. It covers hypermarkets & supermarkets, convenience stores, e-retailers, food & drinks specialists, cash & carries & warehouse clubs, “Dollar Stores”, variety stores & general merchandise retailers, vending machines, and others.
- Packaging Analysis*: The report provides percentage share (in 2020) and growth analysis (during 2015-2025) for various pack materials, pack types, closure, and primary outer types based on the volume sales (by pack units) of savory snacks products.
- Challenges and Future Outlook: Provides the challenges and future outlook about the Americas savory snacks sector.
Reasons to Buy
- Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, that can help companies in revenue expansion.
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
The Kellogg Company
Link Snacks Inc.
Campbells Soup Company
The Kraft Heinz Company
Table of Contents
Table
Figures
Frequently asked questions
-
What was the size of the savory snacks market in the Americas in 2020?
The savory snacks market in the Americas was valued at $54,751.5 million in 2020.
-
What is the growth rate of the savory snacks market in the Americas?
The savory snacks market in the Americas is projected to register a growth of more than 5% between 2020 and 2025.
-
What are the key categories in the savory snacks market in the Americas?
The key categories in the savory snacks market in the Americas include ethnic/traditional snacks, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, and processed snacks.
-
Which are the key players in the savory snacks market in the Americas?
The key players in the savory snacks market in the Americas are PepsiCo, The Kellogg Company, Link Snacks Inc., Campbells Soup Company, The Kraft Heinz Company, ConAgra Brands Inc, General Mills, Inc., Grupo Bimbo, S.A.B. de C.V., Utz Quality Foods, Inc., and Wonderful Pistachios & Almonds LLC.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.