Global Savory Snacks Market to Grow CAGR 7.1% by 2020 August 2016 | Page 2
Global Savory Snacks Report; Analysis of opportunities offered by high growth
economies
Global report on the SAVORY SNACKS MARKET provides insights on high growth categories to target, trends in the
usage of packaging materials, types and closures category level distribution data and brands market shares.
The Global Savory Snacks market in 2015 was valued at US$94.5 billion and is expected to post a value CAGR of 7.9%
and per capita value CAGR of 7.1% during 2015-2020. Growth in the global market is expected to come mainly from
the developing countries in the Asia-Pacific region followed by the East European regions, while countries in the Latin
American region are expected to register marginal growth. Booming population in Asia-Pacific regions coupled with
healthy economic outlook presents a significant opportunity for growth of Savory Snacks market. In developed markets
(such as the US, the UK and France), novelty is crucial and consumers look for exotic and different flavors in Savory
Snacks while in developing markets (such as Brazil, China and India) novel products as well as value deals remain high
in demand. The Global Savory Snacks market is highly fragmented with the top 5 brands holding less than 16% of the
combined market share. Lay's, Doritos, Pringles, Cheats and Ruffles are the leading brands with the highest market
share in 2015. Hypermarkets and Supermarkets is the leading retail channel for Savory Snacks across all regions
followed by Convenience Stores. Flexible Packaging is the most commonly used packaging material in the Global
Savory Snacks market accounting for majority of the market share.
View Complete Report @ http://www.rnrmarketresearch.com/global-savory-snacks-report-analysis-ofopportunities-offered-by-high-growth-economies-market-report.html.