Food & Beverage»Food»Snack Foods
Lowest Prices Guaranteed | Length | Publisher | Published Date | SKU |
---|---|---|---|---|
from $875 | 111 Pages | GlobalData | July, 2017 | GBDT15486195 |
Lowest Prices Guaranteed | |
Price | from $875 |
---|---|
Length | 111 Pages |
Publisher | GlobalData |
Published Date | July, 2017 |
SKU | GBDT15486195 |
Country Profile: Savory Snacks Sector in Australia
Summary
Australian Savory Snacks sector accounted for a volume share of 0.6% of the global market and 1.6% of the regional (Asia-Pacific) market in 2016. The sector was valued at A$1,148 Million (US$854 Million) in 2016 and is expected to grow at a CAGR of 2.4% during 2016-2021. A growing population, high urbanization rate, and improving economy will remain the primary macroeconomic factors driving the sector in Australia. Consumers’ busy schedules will further contribute to the ‘snackification’ trend as they snack more often than usual to get a quick energy boost. Per capita consumption stood at 2.9kg when compared to the global and Asia-Pacific levels of 2.2kg and 1.3kg, respectively, in 2016.
Potato Chips was the largest with value sales of A$607.7 Million (US$452.1 Million) in 2016. Furthermore, it is expected to register growth at a CAGR of 3% during 2016-2021. Pretzels is forecast to register the fastest growth at a CAGR of 3.8% compared to Ethnic/Traditional Snacks (3.6%), Meat Snacks (3.1%), Nuts and Seeds (0.9%), Popcorn (1.3%)and Processed Snacks (1.8%).
Hypermarkets & Supermarkets was the leading distribution channel in the Australian Savory Snacks sector, accounting for a total value share of 53.7% in 2016. It was followed by Convenience Stores and Food & Drinks Specialists with 32.8% and 5.2% value shares, respectively, in the same year. Flexible Packaging was the most commonly used package material in the Australian Savory Snacks sector with a volume share of 94.2% in 2016, followed by Paper & Board with 5.2% share.
Health & Wellness attributes such as ‘Food Minus’ and ‘Food Intolerance’ and consumer benefits such as ‘Weight & Shape Management’ and ‘Health Management’ are the most sought after Health & Wellness claims in the Australian Savory Snacks sector. Consumption of Savory Snacks is high among the male population. Moreover, consumption is particularly high among those Australian consumers who received Tertiary education. In terms of consumption by age group, Older Consumers and Kids & Babies together accounted for a 47.8% share in 2016.
The top five brands in the Australian Savory Snacks sector accounted for 40.9% value share and 35.5% volume share in 2016.
The report Country Profile: Savory Snacks Sector in Australia provides insights on high growth markets to target, trends in the usage of package materials, category level distribution channel data and market share of brands.
In particular, this report provides the following -
Online Download | $875 | |
---|---|---|
Site License | $1,750 | |
Global Site License | $2,625 |
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook