DUBLIN--(BUSINESS WIRE)--The "Opportunities in the North American Savory Snacks Sector: Analysis of Opportunities Offered by Countries in the Region" report has been added to Research and Markets' offering.
North America, with a value share of 37.6% in 2016, represented the largest market for savory snacks worldwide. The region is forecast to record a value CAGR of 5.2% during 2016-2021, driven by steady economic prospects and rising consumer confidence. The long working hours of millennials is a major factor fueling the snacking trend, as consumers forego meals in favor of a quick snack to save time.
Processed Snacks is the largest category, accounting for 42.8% of the overall savory snacks sector in 2016. Meat snacks are forecast to record the fastest value CAGR of 8.8% during 2016-2021, to reach US$6,631.4 Million by 2021. Due to an increasingly common desire to maximize protein consumption for health reasons, the consumption of meat based snacks is increasing.
Health & wellness (H&W) is high in the North American region as compared to the global level in the savory snacks sector, with H&W products accounting for 28.4% of total sector sales in 2016. The growing emphasis on healthy eating, combined with the high spending ability of North Americans is contributing to the demand for savory snacks with H&W attributes.
- Snyder`s-Lance Inc.
- The Kellogg Company
- The Kraft Heinz Company
- ConAgra Foods Inc.
- Grupo Bimbo S.A.B. de C.V.
- Arca Continental S.A.B. de C.V.
- Old Dutch Foods Inc.
- Direct Plus Food Group
Key Topics Covered:
1. Executive summary
2. Market size and growth analysis (Regional analysis )
3. Growth potential by countries in North America
4. Market size and growth analysis
5. Country Profiles
6. Success Stories
7. Company and Brand Analysis
8. Health & Wellness Analysis
9. Key Distribution Channels
10. Key Packaging Formats
11. Challenges and Future Outlook
For more information about this report visit https://www.researchandmarkets.com/research/pvl6hx/opportunities_in