Increasing Customers’ Spending Power to Inspire the Savory Snacks Industry in North America

The North American savory snacks market is estimated to display a strong CAGR of 3.8% during the forecast period (2020-2026). The market of savory snacks in North America continues to be strongly driven by the constant search of consumers for convenient products for snacking. North American individuals are also increasingly time-poor, allocating less time for buying, preparing, and cooking food. Access to more affordable food and a wider variety of products, including better access to packaged food, like savory snacks, are also factors that have contributed to North America’s new consumption preferences.

Browse the full report description of "North American Savory Snacks Market Size, Share & Trends Analysis Report by Product (Extruded Snacks, Potato Chips, Nuts & Seeds, Meat Snacks, Popcorn, and Others), by Distribution Channel (Conventional Stores (Offline) and Online Retail), Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/north-american-savory-snacks-market

Moreover, increasing disposable income and spending power are positive factors supporting the growth of this market. Additionally, hectic lifestyles and changing consumer preferences towards convenient food options are driving the demand for savory snacks. Furthermore, maintaining a healthy lifestyle coupled with the growing demand for long shelf-life is fueling the growth of the savory snacks market. Lastly, high operating and exit costs drive up rivalry in this market, although the larger players also tend to be fairly well diversified, alleviating this pressure somewhat. Moreover, the strong growth of the North American savory snacks market during the review period decreased rivalry to an extent.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Product and Distribution Channel
• Countries Covered- the US and Canada
• Competitive Landscape- PepsiCo, Inc., Kraft Foods, McCain Foods, Ltd., Mondelez International, Inc., The Hersey Co., and The Hain Celestial Group, Inc.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Savory Snacks Market Report Segment

By Product

• Extruded Snacks
• Potato Chips
• Nuts & Seeds
• Meat Snacks
• Popcorn
• Others

By Distribution Channel

• Conventional Stores (Offline)
• Online Retail

North American Savory Snacks Market Report Segment by Region

    • US

    • Canada

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