Market Research Report on Opportunities in the Asia-Pacific Savory Snacks Sector

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Opportunities in the Asia-Pacific Savory Snacks Sector

Summary

Asia-Pacific held a 39.3% value share and 41.7% volume share in the global savory snacks sector in 2018. The Asia-Pacific savory snacks sector was valued at US$52,559.4 million in 2018 and is forecast to reach US$73,981.4 million by 2023, registering a value CAGR of 7.1% during 2018-2023. An improving employment rate and rising income levels are fuelling the growth for savory snacks in the Asia-Pacific region. Nuts & seeds is the largest category in the Asia-Pacific, or APAC, region, with value sales of US$12,628.4 million in 2018. The category is forecast to grow at a CAGR of 7.7% to reach US$18,271.8 million by 2023. The Asia-Pacific savory snacks sector is fragmented, with the top five companies – PepsiCo, Calbee, Inc., Want Want China Holdings Limited, Golden Orchard Farmer (Beijing) Food Co., Ltd., and Anhui Three Squirrels Electronic Commerce Co- accounting for a 19.8% share in 2018. The health & wellness market in the Asia-Pacific savory snacks sector was valued at US$1,475.3 million in 2018, accounting for 2.9% of overall values sales in the region that year. In Asia-Pacific, hypermarkets & supermarkets led sales with a 44.9% market share, ahead of convenience stores with 28.8%.

This report brings together multiple data sources to provide a comprehensive overview of Asia-Pacific savory snacks sector. It includes market overview, high growth country analysis, top companies, key distribution channels, packaging formats and case studies.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific savory snacks sector, sector analyzing data from 19 countries in the region. It includes analysis on the following –
– Market overview: Includes sector size, market size, and growth analysis by category.
– Change in consumption: Indicates the shift in the share of savory snacks by category across high-potential countries in the Asia-Pacific region.
– High-potential countries: Provides Risk-Reward analysis of four countries in Asia-Pacific based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
– Health & Wellness analysis: Provides insights on the health & wellness products in terms of value and percentage share in the overall savory snacks sector during 2013-2023. The analysis includes key health & wellness attributes and consumer benefits driving the sales of savory snacks in 2018. It also covers the market share of leading companies offering savory snacks with health & wellness attributes in the same year.
– Competitive Analysis: Provides an overview of leading companies in the Asia-Pacific region, besides analyzing the growth of private label in the region.
– Key distribution channels: Provides analysis on the leading distribution channels in the Asia-Pacific savory snacks sector in 2013. It covers six distribution channels – hypermarkets & supermarkets, convenience stores, food & drink specialists, e-retailers, department stores, and others which includes “dollar stores”, variety stores & general merchandise retailers, cash & carries and warehouse clubs, vending machines, drug stores & pharmacies, and others.
– Preferred packaging formats: The report provides percentage share (in 2018) and growth analysis (during 2013-2023) for various pack material, pack type, closure, and primary outer types based on the volume sales (by pack units) of savory snacks.

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.

Conpanies Mentioned:
PepsiCo
Calbee Inc.
Want Want China Holdings Limited
Golden Orchard Farmer (Beijing) Food Co. Ltd.
Anhui Three Squirrels Electronic Commerce Co
Kameda Seika Co.,Ltd.
Haldirams
Jiangsu Alishan Food Co. Ltd.
Ningbo Hengkang Food Co.
Orion Confectionery Co Ltd.


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.