Reportlinker Adds The Future of Premium, Ethical and Healthy Snacks: The Factors Shaping Innovation and Key Manufacturer Opportunities
NEW YORK, Oct. 19 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Business Insights forecasts the global savory snacks market to grow at a CAGR of 4.3% during 2009–14 to reach $95bn in 2014. The increasing sophistication of consumer demand will force manufacturer innovation and drive this market growth.
The report examines the growth of the savory snacks market with forecasts to 2014. New product development is analyzed by region and category and emerging trends are illustrated, thereby enabling manufacturers to identify growth opportunities. Key products launched between June 2006 and May 2010 are also summarized.
Scope of the report
- Predict future growth areas in savory snacks based on this report's forecasts to 2014 of market value by category and region.
- Improve the targeting and effectiveness of your NPD strategy based on the analysis of over 6,000 products launched between 2006-09.
- Identify key trends that are shaping the savory snacks market and examine the key market drivers to 2014.
- Understand the key factors driving the growing sophistication of consumer demand.
- Understand how regulation and other market pressures are influencing NPD and learn how manufacturers are adapting product positionings
Highlights of the report
The global savory snacks market was valued at $77bn in 2009, an increase of 5.3% over 2008. In Europe and the US, the market is being driven by the health conscious and time constrained consumers.
The industry wide trend to reduce fat, sodium and sugar in snacks has led to the development of trans-fat free products, calorie-counted portion packs as well as the addition of nutritious ingredients such as whole grains. Other leading trends covered in this analysis include functional snacks, sports and energy products and natural snacks.
Over the next 10 years, the OECD expects that a net total of 1.2bn people in the Asia-Pacific region will be born into or move into the global middle class. This will represent the largest single expansion in consumer spending power ever recorded.
Key questions answered by this report
- What is the size of the savory snacks market by region and category up to 2014?
- Which geographic regions and countries will achieve significant growth in savory snack sales during 2009–14?
- What are the significant growth opportunities within the savory snacks market?
- What are the key factors driving the growth of global savory snack markets?
- What are the main trends that will shape the savory snacks market over the next five years?
Table of Contents
About the author 2
Disclaimer 2
Executive summary 9
Market drivers and resistors 9
Growth opportunities in the savory snacks market 10
Innovation and NPD in the savory snacks market 11
Key trends and product examples 12
Chapter 1
Introduction 13
What is the report about? 13
The market defined 13
Report structure 14
Chapter 2 Market drivers and resistors 15
Summary 15
Introduction 16
Changing consumer demand 16
Ethical consumerism 17
Sustainability and local sourcing 17
Fairtrade and organic 19
A move to expectations of positive health 20
Health concerns 20
Self medication and performance culture 21
The impact of the aging population 22
Consumer sophistication changing influences and expectations 23
Sophistication being driven out of emerging markets 23
Mass customization 24
Broader influences and changing expectations 26
New pressures on manufacturer innovation 31
Market competition 31
Private label 31
Pressure to premiumize 33
Regulation and legislation 34
Trans fats 34
Industry self-regulation 35
Advertising restrictions 36
Food safety 37
Chapter 3 Growth opportunities in the savory snacks market 39
Summary 39
Introduction 40
Savory snacks market overview 40
Value by geography 42
Value by country 44
Value by category 45
Value by subcategory 47
The savory snacks market in Europe 49
The savory snacks market in the US 51
The savory snacks market in Asia Pacific 52
Emerging markets for savory snacks 54
Chapter 4 Innovation and NPD in the savory snacks market 56
Summary 56
Introduction 57
Innovation type 57
Regional analysis 58
Asia Pacific 60
Europe 63
North America 67
Category analysis 71
Category overview 71
Other savory snacks 73
Potato chips 74
Nuts and seeds 76
Processed snacks 78
Popcorn 78
Packaging analysis 80
Packaging overview 80
Changing position of savory snacks 83
Flavor trends 85
Chapter 5 Key trends and product examples 87
Summary 87
Introduction 88
Health 89
'Natural' 89
Wellness snacks 90
Vegetable, fruit and nut snacks 91
Baked snacks 92
Dehydrated snacks 93
Freeze-dried snacks 94
'Free-from' snacks 95
Reduced fat and salt snacks 96
Functional snacks 97
Superfoods 97
Energy snacks 99
Fortified snacks 100
Detoxifying snacks 101
Weight management 102
Portion control 102
Low glycemic ingredients and satiety 103
Indulgence 104
'Ethnic' snacks 105
Intensely flavored snacks 109
Gourmet snacks 110
Sustainability and food safety 111
Chapter 6 Conclusions 114
Five key trends for the future 114
'Naturally' functional 114
Convenience 114
'Ethnic' snacks 116
Ethical packaging 116
Targeting specific consumer segments 116
Table of figures
Figure 1: Drivers of changing consumer demand in savory snacks 16
Figure 2: Number of farmers' markets in the US, 1994-2010 18
Figure 3: Growth and sales of sports and energy bars (2006-2014) 22
Figure 4: Frito Lay's 'Give us your Dillicious Flavour' contest 25
Figure 5: Number of tourists in 2010 (m) and growth (%) by region 2005-2015 27
Figure 6: Consumer drivers of ethnic snacks 30
Figure 7: Consumers demand for private label goods during the economic downturn 32
Figure 8: Development of premiumization in the UK crisps market 33
Figure 9: Sun Chips Live Brightly advertisement campaign 36
Figure 10: Distribution of food alerts by type of risk in Europe, 2007 and 2008 38
Figure 11: Global savory snacks market value ($bn), 2009–14 41
Figure 12: Global savory snacks market shares by geography ($bn), 2009–14 43
Figure 13: Top 10 savory snacks markets by value ($bn), 2009–14 45
Figure 14: Global savory snacks market value by category (%), 2009 and 2014 47
Figure 15: Growth in savory snacks subcategories, CAGR (%) 2009–14 49
Figure 16: Emerging savory snacks markets by value ($bn), 2009–14 55
Figure 17: Share of new product launches by innovation type (%), 2007–10 58
Figure 18: Share of new product launches by region (%), 2007–10 59
Figure 19: Share of products launched by category in Asia Pacific (%), 2007–10 60
Figure 20: Cheetos Whoosh Cheesy Bugs snacks 62
Figure 21: Savour spicy broad beans and wasabi-flavored peas; Four Seas wasabi-flavored fried
squid snack 62
Figure 22: Share of top 10 countries in NPD in Europe (%), 2010 64
Figure 23: Share of products launched by category in Europe (%), 2007–10 65
Figure 24: Tesco cashews and chopped mixed nuts 66
Figure 25: Raw Health fruit and coconut balls 67
Figure 26: Share of products launched by category in North America (%), 2007–10 68
Figure 27: Lightning Rods Synergy Beef Stick (original flavor) 70
Figure 28: Risotto Chips (parmesan and roasted garlic, sea salt, spicy marinara) 71
Figure 29: Share of new snack launches by category (%), 2007–10 72
Figure 30: Utz Specials pretzels (extra dark, multigrain, sourdough, unsalted sourdough) 74
Figure 31: Albert Heijn rice chips (natural sea salt) 75
Figure 32: G. Willi Food rice and potato crisps (sweet Thai chili) 75
Figure 33: Deep River Snacks kettle-cooked potato chips (original salted) 76
Figure 34: You'll Love Coles linseed 77
Figure 35: BioSnacky Original organically grown alfalfa seeds 78
Figure 36: 479 degree Popcorn organic popcorn (The Caramel Collection) 80
Figure 37: Sun Chips multigrain chips in compostable packaging (original) 82
Figure 38: Pop 'n Box microwave popcorn (butter flavor, original and sweet) and Lay's Al Plato
potato chips 83
Figure 39: Examples of nutritional fact labeling in the US 85
Figure 40: Trends driving NPD in the global savory snacks market 88
Figure 41: Guiltless Gourmet 'all-natural' tortilla chips (spinach, artichoke and parmesan flavor),
ingredients and nutritional facts 90
Figure 42: Sunset Orchards Veggie Snacks 91
Figure 43: Marks & Spencer's Snack Well edamame beans 92
Figure 44: Kettle Brand baked potato chips in 100-calorie pack (lightly salted) 93
Figure 45: Fruit Wise Fruit Straps variety pack 94
Figure 46: Ariel Fruitwell freeze-dried fruit snack (apple) 95
Figure 47: Holy Cow! Kosher beef jerky (teriyaki) and Sanissimo oven-baked corn nachos 96
Figure 48: Michael Season's Natural Gourmet potato crisps (sweet barbeque), BIGS reduced
sodium sunflower seeds and Herr's kettle-cooked, reduced fat potato chips 97
Figure 49: Of The Earth Superfoods Earthers' Delight and Incan Berries 98
Figure 50: Linwoods nutritional additive nuts and seeds snacks (flaxseed; milled flax;
sunflower, pumpkin and sesame seeds; and goji berries) 99
Figure 51: Perky Jerky Invigorating Beef Jerky (flavored with guarana) 100
Figure 52: Ishikawa Calcium Kuromame Cacao 101
Figure 53: Denroku Ukon no Kaki Pea 101
Figure 54: Kellogg's and Disney's Bolt assorted fruit-flavored snacks 103
Figure 55: Majans Bhuja Spicy Peas, Cracker Mix, Original Mix, Fruit Mix and Nut Mix 104
Figure 56: Tropicai coconut chips (hot chili) 105
Figure 57: Green Tree non-fried apple chips (original with peel off) 106
Figure 58: Nanpudo Combi Nuts seafood-flavored peanut snack 107
Figure 59: Tiger Tiger Nutties! coated roasted peanuts (Thai chili) 108
Figure 60: Doritos Collisions tortilla chips (chicken sizzler and zesty salsa) 109
Figure 61: Garden of Eatin' Red Hot Blues 110
Figure 62: Charlie's truffled popcorn from Susan Rice Truffle Products 111
Figure 63: Boulder Canyon Totally Natural kettle-cooked potato chips 112
Figure 64: Ricky's Lucky Nuts cocoa and vanilla bean 'all-natural' peanuts 112
Figure 65: Win2 Mini Pocket egg rolls with chocolate filling 113
Figure 66: Key trends in the savory snacks market 115
Table of Tables
Table 1: Global sales of fairtrade products (pounds), 2007-2009 19
Table 2: Obese and overweight children (5-13 year olds) in Europe and US (%), 2002-2012 21
Table 3: Middle class population size (m) & share of global total (%), 2009-2030 24
Table 4: Inflows of foreign population by nationality (thousands), 2000-2007 28
Table 5: Global savory snacks market value ($bn), 2009–14 41
Table 6: Global savory snacks market shares by geography ($bn), 2009–14 43
Table 7: Top 10 savory snacks markets by value ($bn), 2009–14 44
Table 8: Global savory snacks market value by category ($bn), 2009–14 46
Table 9: Global savory snacks market value by category/subcategory ($bn), 2009–14 48
Table 10: European savory snacks market value by category/subcategory, ($bn) 2009–14 50
Table 11: The US savory snacks market value by category/subcategory, ($bn) 2009–14 52
Table 12: Asia Pacific savory snacks market value by category/subcategory, ($bn) 2009–14 53
Table 13: Share of new product launches by innovation type (%), 2007–10 57
Table 14: Share of new product launches by region (%), 2007–10 59
Table 15: Share of products launched by category in Asia Pacific (%), 2007–10 60
Table 16: Top 10 claims on snacks launched in Asia Pacific (%), 2007–10 61
Table 17: Share of top 10 countries in NPD in Europe (%), 2007 and 2010 63
Table 18: Share of products launched by category in Europe (%), 2007–10 64
Table 19: Share of products launched by category in North America (%), 2007–10 68
Table 20: Top 10 claims on snacks launched in North America (%), 2007–10 69
Table 21: Share of new snack launches by category (%), 2007–10 72
Table 22: Top 20 claims on other savory snacks (%), 2007-10 73
Table 23: Top 10 claims on new popcorn products (%), 2007–10 79
Table 24: Top 10 pack types on new snack launches (%), 2007–10 81
Table 25: Top 20 claims used in new snacks launches (percentage of products with claims),
2007–10 84
Table 26: Top 20 flavors in new product Introductions (percentage of snacks product launches)
2007–10 86
To order this report: Snack and Sweet Industry: The Future of Premium, Ethical and Healthy Snacks: The factors shaping innovation and key manufacturer opportunities Snack and Sweet Business News
Check our Company Profile, SWOT and Revenue Analysis!
Nicolas Bombourg |
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