About Salty Snacks
Salty snacks are food that is high in salt and quick to consume. In Canada, salty snack consumption is on the rise. The industry continues to adapt to evolving consumer needs and it is reaping the benefits. While Canadians mainly see salty snacks as a treat and a means to satisfy their cravings, the majority of eaters of salty snacks also indicate that they wish there were more healthy options. Furthermore, a segment of consumers, and particularly younger consumers, have a more flexible view of what salty snacks can deliver to them aside from being an indulgence.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
Key players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product launches, to achieve growth in the global information rights management market. one of the key player, Adobe has been very active in establishing its market position as a strong leader in the information rights management market. It offers a wide range of products and services via the Software-as-a-Service (SaaS) model or the managed services model, as well as, through term subscriptions and pay-per-use models. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Canada Salty Snacks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shearer's Foods (United States), Yum Yum chips (Canada), PepsiCo Foods (United States), Conagra Brands Inc. (United States), 8th Avenue Food & Provisions Inc. (United States), Old Dutch Foods Ltd. (United States), Amplify Snacks (United States), Dale & Thomas (United States), UTZ Quality Foods (United States), General Mills (United States), Barcel USA (United States), Truco Enterprises (United States) and Mars, Incorporated (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Canada Salty Snacks market by Type (Potato Chips, Corn Snack Products, Tortilla/ Tostada Chips, Pretzels and Others), Application (Speciality Stores, Online Store, Super Markets/ Hyper Markets, Convinience Stores, Departmental Stores and Others) and Region.
On the basis of geography, the market of Salty Snacks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Potato Chips Remain the Salty Snack of Choice
Market Growth Drivers:
Rising Disposable Income of an Individual, The Growing Demand for Salty Snacks among the Younger Customers and Changes in Consumer Eating Preferences
Challenges:
High-Cost Price
Restraints:
Growing Awareness among the Consumers Regarding the Disadvantages of Salty Snacks Consumption Such as Weight Gain, and Others
Opportunities:
Offering Healthier Salty Snack Options and Creating ‘Hybrid’ Salty Snack Options
Market Leaders and their expansionary development strategies
In January 2024, Utz Brands, Inc. announced that certain of its subsidiaries including Utz Quality Foods, LLC have entered into a definitive agreement for the sale of certain assets and brands to Our Home. Our Home plans to continue to operate and grow the brands and manufacturing facilities under its platform while offering employment to Utz associates working in those facilities as part of the transition.
In May 2020, Pepsico subsidiary Frito-Lay launched their new direct-to-consumer (D2C) website Snacks.com where consumers can shop over 100 of Frito-Lay’s snack foods which will be sent straight to their homes. With nearly 92,000 Cheetos® consumed per second, Frito-Lay is looking to expand their multi-billion dollar snack business by leveraging online growth.
Key Target Audience
Salty Snacks Manufacturers, Salty Snacks Raw Material Suppliers, Salty Snacks Traders/Distributors, Regulatory & Food Authorities, Research & Consulting Firms, Potential Investors, Industry Associations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.