Market Forecast By Countries (United States, Canada), By Product Type (Potato Chips, Extruded Snacks, Nuts & Seeds, Popcorn, Others), By Distribution Channel (Supermarket/Hypermarket, Independent Retailers, Convenience Stores, Service Station, Others), By Flavor (Roasted/Toasted, Barbeque, Spice, Beef, Others) And Competitive Landscape
According to 6Wresearch, North America Savory Snacks Market is expected to gain sound growth prospects throughout the forecast period 2021-2027. Growing consciousness about health and changing consumer food reference are the major factors driving the growth of the market. Moreover, changing lifestyles and increasing investment in R&D activities further enhance the overall market demand for Savory Snacks during the forecast period. The swelling demand for convenient food products with easy availability and relatively low cost of ingredients for savory snacks, especially, extruded corn-based snacks are compelling manufacturers to expand heavily in the product segment. With new product developments and innovations like multigrain chips, there exists a huge opportunity among the companies to establish their reputation in the market as a pioneer. North America is the largest savory snack market followed by Europe. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the snack food manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. However, various multinational food corporations are based in the US, which gives the region unprecedented leverage over others.
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