The Latin America savory snacks market is anticipated to witness significant growth, with an expected uptick of USD 11.3 billion, equating to a compound annual growth rate (CAGR) of about 6.9% in the coming years. In Latin America, the savory snacks market is benefiting from a combination of changing lifestyles, urbanization, and rising disposable incomes. Consumers are increasingly seeking convenient, on-the-go snacks that fit their busy lifestyles. The popularity of international snack brands, particularly from North America, is on the rise, as well as the demand for local, flavourful options such as tortilla chips, nuts, and popcorn. Growing interest in healthier alternatives, including low-sodium and baked snacks, is also gaining traction in key markets such as Brazil and Mexico, further driving the market’s growth.
This report presents a detailed overview of the Latin America savory snacks industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, packaging material, distribution channel and country. This detailed analysis supports the identification of growth opportunities within the savory snacks industry.
Market Segmentation
The Latin America savory snacks market is structured as follows:
Product type: corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, rice snacks, savoury biscuits and crackers, vegetable and pulse chips, others
Packaging material: flexible packaging, paper and board, rigid plastics, others
Distribution channel: beauty and personal care stores, department stores, direct selling, discounters, e-commerce, grocery stores, pharmacies, supermarkets and hypermarkets, warehouse clubs, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others
In Latin America, the savory snacks market is segmented by product type, packaging material, distribution channel and country. By product type, the market is categorized into corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, rice snacks, savoury biscuits and crackers, vegetable and pulse chips, and others. Packaging material segments consist of flexible packaging, paper and board, rigid plastics, and others. Distribution channel segmentation comprises beauty and personal care stores, department stores, direct selling, discounters, e-commerce, grocery stores, pharmacies, supermarkets and hypermarkets, warehouse clubs, and others. Geographically, the market is divided into Argentina, Brazil, Chile, Colombia, Mexico and others.
Competitive Landscape
The competitive landscape of the savory snacks market has been analyzed, with a focus on key players such as Tostiricas Nieto S.A. de C.V., Riera s.r.l., Productos Yupi S.A., Productos Ramo S.A., Productos Alimenticios Diana S.A. de C.V., Productos Alimenticios Bocadeli S.A., PepsiCo Inc., Pandurata Alimentos Ltda, Nestle S.A., Mondelez International Inc., Marilan Alimentos S.A., M Dias Branco SA Industria & Comercio de Alimentos, Kellanova, Iracema Industria e Comercio de Castanha de Caju Ltda, ICB S.A., Grupo Nutresa S.A., Grupo Bimbo S.A.B. de C.V., Grupo Arcor S.A., Gruma S.A.B. de C.V., General Mills Inc., Galletera del Norte S.A., Enova Foods S.A., Empresas Carozzi S.A., Embotelladoras Arca S.A. de C.V., Dinant Corp., Corporacion Multi Inversiones S.A. de CV, Conagra Brands Inc., Comestibles Ricos Ltda, Cazares S.A. de C.V., Botanas y Derivados S.A. de C.V., Alilmentos Senorial S.A., Alicorp S.A.A. and 5 Hispanic S.A.
The report provides a detailed assessment of prominent companies within the savory snacks market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
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Gain deep insights into the dynamics of the Latin America savory snacks market.
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Anticipate the future trajectory of the Latin America savory snacks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Latin America Savory Snacks Market – Product Type Analysis
Latin America Savory Snacks Market – Packaging Material Analysis
Latin America Savory Snacks Market – Distribution Channel Analysis
Latin America Savory Snacks Market – Country Analysis
Key Players and Market Share
– Tostiricas Nieto S.A. de C.V.
– Riera s.r.l.
– Productos Yupi, S.A.
– Productos Ramo S.A.
– Productos Alimenticios Diana, S.A. de C.V.
– Productos Alimenticios Bocadeli, S.A.
– PepsiCo, Inc.
– Pandurata Alimentos Ltda
– Nestle S.A.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Latin America Savory Snacks Market 2019-2029
Chart Latin America Savory Snacks Market, Net Growth, 2019-2029
Chart Latin America Savory Snacks Market, Growth Rates, 2019-2029
Table Latin America Savory Snacks Market by Product Type, 2019-2029
Chart Latin America Savory Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Latin America Savory Snacks Market by Product Type, 2019-2029
Table Latin America Savory Snacks Market by Packaging Material, 2019-2029
Chart Latin America Savory Snacks Market by Packaging Material, CAGR Historic and Forecast, 2019-2029
Chart Latin America Savory Snacks Market by Packaging Material, 2019-2029
Table Latin America Savory Snacks Market by Distribution Channel, 2019-2029
Chart Latin America Savory Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Latin America Savory Snacks Market by Distribution Channel, 2019-2029
Table Latin America Savory Snacks Market by Country, 2019-2029
Chart Latin America Savory Snacks Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Latin America Savory Snacks Market by Country, 2019-2029
Table Latin America Savory Snacks Market Share (%), by Companies, 2019-2023
Chart Latin America Savory Snacks Market, by Companies, 2023
Table Latin America Savory Snacks Market Share (%), by Brands, 2019-2023
Chart Latin America Savory Snacks Market, by Brands, 2023
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Savory Snacks Market: Spend as a Proportion of GDP (%)
Table Latin America Savory Snacks Market: Consumption per Capita (Population)
Companies Mentioned
Tostiricas Nieto S.A. de C.V.
Riera s.r.l.
Productos Yupi, S.A.
Productos Ramo S.A.
Productos Alimenticios Diana, S.A. de C.V.
Productos Alimenticios Bocadeli, S.A.
PepsiCo, Inc.
Pandurata Alimentos Ltda
Nestle S.A.
Mondelez International Inc.
Marilan Alimentos S.A.
M Dias Branco SA Industria & Comercio de Alimentos
Kellanova
Iracema Industria e Comercio de Castanha de Caju Ltda
ICB S.A.
Grupo Nutresa S.A.
Grupo Bimbo, S.A.B. de C.V.
Grupo Arcor S.A.
Gruma, S.A.B. de C.V.
General Mills, Inc.
Galletera del Norte S.A.
Enova Foods, S.A.
Empresas Carozzi S.A.
Embotelladoras Arca, S.A. de C.V.
Dinant Corp.
Corporacion Multi Inversiones S.A. de CV
Conagra Brands, Inc.
Comestibles Ricos Ltda
Cazares S.A. de C.V.
Botanas y Derivados, S.A. de C.V.
Alilmentos Senorial, S.A.
Alicorp S.A.A.
5 Hispanic S.A.