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China Savory Snacks Market Research Report, 2028

China Savory Snacks Market Research Report, 2028

Actual Market Research 30-06-2023 71 Pages Figures : 6 Tables : 28 Region : Asia-Pacific Country : China Category : Food & Beverages Food

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China, with its rich culinary heritage and vast population, presents a significant and dynamic market for savory snacks. As one of the world's largest economies China offers immense opportunities for both domestic and international savory snack companies to cater to the diverse tastes and preferences of its consumers. The Chinese savory snacks market has experienced remarkable growth and transformation in recent years, driven by factors such as urbanization, changing lifestyles, and increasing disposable income. China's cultural diversity and regional variations heavily influence the country's savory snack landscape. Each region boasts its own unique flavors, ingredients, and snacking traditions, resulting in a diverse range of snack options that appeal to different palates across the country. From street food-inspired snacks in bustling cities to regional specialties found in rural areas, the Chinese savory snacks market is a reflection of the nation's culinary mosaic. The Chinese consumer's affinity for savory snacks is deeply rooted in the country's snacking culture and social practices. Snacks serve as not only a means of satiating hunger but also as a source of pleasure, companionship, and cultural expression. They are consumed during various occasions, including family gatherings, social events, and leisure activities. According to the research report "China Savory Snacks Market Research Report, 2028," published by Actual Market Research, The China Savory Snacks market was valued at above USD 36.21 Billion in 2022. Snack formats such as individually portioned packs, snack bars, and single-serve items have gained popularity, providing convenience and ease of consumption. Health consciousness and wellness trends have significantly influenced the Chinese savory snacks market. Consumers are increasingly seeking snacks that are perceived as healthier, natural, and made with quality ingredients. This has driven the demand for snacks with reduced fat, lower sodium content, and free from artificial additives. Manufacturers are responding to this trend by introducing healthier alternatives, incorporating nutritious ingredients, and adopting transparent labeling practices. China's savory snacks market is also witnessing the integration of technology and e-commerce, which has transformed the way snacks are marketed, distributed, and consumed. Online platforms, mobile applications, and social media have become key channels for snack companies to engage with consumers, build brand awareness, and offer personalized experiences. E-commerce platforms have facilitated direct-to-consumer sales, enabling easy access to a wide range of savory snacks from both domestic and international brands. Government regulations and food safety standards play a crucial role in ensuring the quality and safety of savory snacks in China. Regulatory authorities, such as the China Food and Drug Administration (CFDA), enforce guidelines and standards related to labeling, product safety, and hygiene practices. Compliance with these regulations is essential for businesses to gain consumer trust and maintain a strong presence in the market. Some brand names for savory snacks in China are Lay's (??), Calbee (???),Want Want (??),Three Squirrels (????), Oishi (??),Baicaowei (???),Poca (??),Master Kong (???),Yanjing (??),Tong Garden (???). Festivals and holidays play a significant role in China's savory snacks market. Special snack varieties are created and consumed during traditional celebrations like Chinese New Year, Mid-Autumn Festival, and Dragon Boat Festival. China's savory snacks market has been influenced by international flavors and brands. Snacks with Western flavors, such as barbecue, cheese, and sour cream, have gained popularity, reflecting the globalization of the Chinese snack industry. Chinese street food has a strong influence on the savory snacks market. Many popular street food items, such as crispy pancakes (jianbing), stinky tofu, and skewered meats, have inspired snack variations that are convenient for on-the-go consumption. China's savory snacks market has been influenced by international flavors and brands. Snacks with Western flavors, such as barbecue, cheese, and sour cream, have gained popularity, reflecting the globalization of the Chinese snack industry. Hot pot, a popular Chinese dining experience, has inspired a variety of hot pot-flavored savory snacks. These snacks capture the distinct flavors of hot pot ingredients such as Sichuan peppercorn, chili, and various spices, offering a spicy and aromatic snacking experience. Lunar New Year, or Spring Festival, is a major celebration in China. During this time, families exchange and enjoy a wide variety of traditional snacks, such as rice cakes, crispy candies, melon seeds, and candied fruits. These snacks symbolize good luck, prosperity, and happiness for the coming year. Seaweed snacks have gained popularity in China due to their nutritional benefits and umami flavor. Roasted seaweed sheets, often seasoned with salt or other savory flavors, are a popular choice for a light and healthy snack .There has been a growing emphasis on health and wellness trends, leading to increased demand for healthier snack options with reduced fat, lower sodium content, and natural ingredients. Chinese consumers appreciate the fusion of traditional and modern flavors, as well as innovative and creative approaches to flavor development and packaging. Considered in this report • Geography: China •Historic year: 2017 •Base year: 2022 •Estimated year: 2023 •Forecast year: 2028 Aspects covered in this report •China Savory Snacks Market with its value and forecast along with its segments •Various drivers and challenges •On-going trends and developments •Top profiled companies •Strategic recommendation By Product type •Potato chips •Extruded snacks •Popcorn •Nuts & seeds •Puffed snacks •Tortilla chips •fruit & vegetable chips •Pretzels •Meat snacks By Category •Baked •Fried By Distribution Channel •Supermarkets & Hypermarkets •Retail •Convenience stores •Online stores •Speciality Stores •Others (Forecourt retailers, Discounters, Independent small grocers, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to savory snacks industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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