The Asia-Pacific savory snacks market is anticipated to grow at a CAGR of 10.0% during the forecast period. Asia-Pacific is one of the largest markets for savory snacks. Large population, rapid urbanization, and increasing middle-class population are the primary factors driving the growth of the savory snacks market. Additionally, rising premiumization and increasing health consciousness among consumers are driving the market growth. Moreover, growing awareness about the consumption of salt and fat intake is driving the demand for nuts and seeds in the region. Notably, in 2019, Asia-Pacific accounted for the largest share in the global savory snacks market. However, products in this market face a strong threat of substitution by other snack foods, confectionery, and beverages, largely because switching costs for buyers tend to below, and retailers are heavily influenced by the end consumer demand.
The Asia-Pacific savory snacks market is segmented based on product and distribution channels. Based on the product, the savory snacks market is segmented into extruded snacks, potato chips, nuts & seeds, meat snacks, popcorn, and others. Potato chips sales accounted for the highest value in the Asia-Pacific savory snacks market in 2019. The distribution channel segment includes conventional stores (offline) and online retail.
The Asia-Pacific savory snacks market is studied across China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific. The market is dominated by China, which accounted for the highest market share in 2019. The increasingly growing number of people in China, with busy lifestyles and long work hours, has led to a reduction in the time available, which is gradually changing the customers’ consumption patterns to frequent snacking options.
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Asia-Pacific Savory Snacks Market Segmentation
By Product
- Extruded Snacks
- Potato Chips
- Nuts & Seeds
- Meat Snacks
- Popcorn
- Others
By Distribution Channel
- Conventional Stores (Offline)
- Online Retail
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Regional Analysis
- China
- India
- Japan
- ASEAN
- South Korea
Rest of Asia Pacific
Company Profiles
- Balaji Wafers Pvt. Ltd.
- Bikaji Foods International, Ltd.
- Bestore Food Co., Ltd.
- Bombay Sweets & Co., Ltd.
- Calbee, Inc.
- DFM Foods, Ltd.
- Garudafood Putra Putri Jaya TBK
- Haldiram Foods International Pvt. Ltd.
- Hefei Huatai Food Co., Ltd.
- ITC, Ltd.
- Kameda Seika Co., Ltd.
- KOIKE-YA, Inc.
- 7PepsiCo, Inc.
- Prataap Snacks, Ltd.
- Snack Brands Australia
- The Three Squirrels
- Universal Robina Corp.
- Want Want China Holdings,Ltd.
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