PUBLISHER: MarketLine | PRODUCT CODE: 1590382
PUBLISHER: MarketLine | PRODUCT CODE: 1590382
Global Savory Snacks industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The savory snacks market consists of the retail sale of ethnic/traditional snacks, meat snacks, nuts and seeds, popcorn, potato chips, processed snacks and pretzels products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
The global Savory Snacks market had total revenues of $189,022.9 million in 2023, representing a compound annual growth rate (CAGR) of 6.5% between 2018 and 2023.
Market consumption volume increased with a CAGR of 2.6% between 2018 and 2023, to reach a total of 16,003 million kilograms in 2023.
The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.5% for the five-year period 2023-28, which is expected to drive the market to a value of $246,694.6 million by the end of 2028.