UK savory snacks market is estimated to grow at a considerable CAGR during the forecast period. A significant number of the working-age population is one of the major factors accelerating market growth. As per the Office for National Statistics, Between April to June 2018 and April to June 2019, the estimated number of UK nationals working in the UK increased by 298,000 to 29.1 million and EU nationals working in the UK increased by 99,000 to 2.4 million. Additionally, non-EU nationals working in the UK increased by 34,000 to 1.3 million. The working-age population tends to prefer to eat small meals or snacks all over the day. This age group population increasingly prefer to eat cheese, nuts, and bakery items as snacks compared to any other age group. Therefore, the rising working-age population is supporting to drive the demand for savory snacks in the country.

The market is segmented based on product and distribution channel. Based on the product, the market is classified into extruded snacks, potato chips, nuts & seeds, meat snacks, popcorn, and others. UK is one of the major consumers of savory snacks, including snack nuts and potato chips. More than 400 different flavors of crisps sold in Britain ranging from the classic ready salted to exotic flavors such as Cranberry and Venison. Based on the distribution channel, the market is classified into conventional stores (offline) and online retail. Online retail is expected to grow with the fastest CAGR during the forecast period owing to the rising inclination towards online shopping coupled with the busy lifestyle of consumers.

Some prominent players in the market include Pepsico, Inc., Calbee Group UK Ltd., Mondel?z International, Inc., and The Kraft Heinz Co. These market players are using several strategies to increase their market share. For instance, in February 2019, Tayto Group acquired Bite UK for the development of a new joint venture known as Bite UK Snacks. This will target growth in the healthy snacking sector in the US. The flagship brand of Bite UK, Pure Bite will join Real Crisps, Tayto, Mr Porky, Golden Wonder, and Portlebay popcorn and the products will be distributed through Tayto’s network.

Research Methodology

The market study of the UK savory snacks market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. UK Savory Snacks Market Research and Analysis by Product
2. UK Savory Snacks Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the UK savory snacks market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK savory snacks market.
• Insights about market determinants which are stimulating the UK savory snacks market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.