SAVORY SNACKS MARKET ANALYSIS
MARKET OUTLOOK
Among regions, North America is expected to account for major market share over the forecast period, owing to increasing consumer preference for snack foods over traditional sit-down meals. For instance, according to Agriculture and Agri-Food Canada, the U.S. savory snacks market was valued at US$ 45,661.1 million in 2016 and reached US$ 46,639.3 million in 2017. The U.S. savory snacks market increased at a CAGR of 3.2% between 2013 and 2017.
Among distribution channels, online channel segment is expected to witness highest growth rate in the market over the forecast period. For instance, according to Agriculture and Agri-Food Canada, in 2016, online channel accounted for a value share of 1.1% in the U.S. savory snacks market, which increased to 1.3% in 2017. The share of online channel in the U.S. savory snacks market increased at a CAGR of 16.7% from 2013 to 2017.
MARKET TRENDS
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