Opportunities in the Americas Savory Snacks Sector: Analysis of Opportunities Offered by High-Growth Economies

Opportunities in the Americas Savory Snacks Sector: Analysis of Opportunities Offered by High-Growth Economies

Summary

Global Savory Snacks sector is forecast to record a CAGR of 6.1% during 2017-2022 from its current valuation of US$105,706.2 million in 2017 of which the Americas was the largest region and is forecast to record a CAGR of 4.8% during 2017-2022. Rising disposable incomes, the increasing demand for convenient and portable food options and growth in the popularity of natural/organic products is spurring the demand for savory snacks products in the region.

Processed Snacks was the largest category and is expected to grow at a CAGR of 5.1%. Potato chips and nuts & seeds are the other leading categories in the region. The meat snacks category is forecast to witness the highest CAGR during 2017-2022.

Canada, the US, Mexico, and Brazil are high-potential countries in the America’s Savory Snacks market, primarily due to the large savory snacks sector size, projected high-value growth rates, and projected rising per capita value growth levels. The US was the largest contributor to the growth of both market value and volume during 2017-2022. Among the high-potential countries, Canada is expected to register the highest value CAGR during 2017-2022, while Mexico is forecast to witness the fastest growth in volume terms during the same period.

Hypermarkets & Supermarkets was the largest distribution channel in the Americas savory snacks sector. Wide penetration of large supermarket chains in the US and Canada results in the dominance of hypermarkets & supermarkets. Convenience stores, meanwhile, was the largest channel for Mexico.

The report Opportunities in the Americas Savory Snacks Sector, brings together multiple data sources to provide a comprehensive overview of the region's savory snacks sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Americas savory snacks sector. It includes analysis on the following -

• Sector overview: Includes sector size, market size, and growth analysis by category.
• Change in consumption: Indicates changing share of value consumption in the various savory snacks by category across high-potential countries in the Americas region.
• High-potential countries: Provides Risk-Reward analysis of nine countries across the Americas region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of nine, a total of four high-potential countries are shortlisted.
• Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall savory snacks sector during 2012-2022. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of savory snacks in 2017. It also covers the market share of leading companies offering savory snacks with health and wellness attributes in the same year.
• Brand Analysis: Provides an overview of leading brands in the Americas region, besides analyzing the growth of private label in the region.

Reasons to buy

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.