The Panama savory snacks market is expected to experience robust growth, with a projected increase of USD 61.6 million and a compound annual growth rate (CAGR) of approximately 6% throughout the forecast period. Panama’s savory snacks market is expanding as urbanization and disposable incomes rise. The demand for convenient, ready-to-eat snack options, such as chips, nuts, and extruded snacks, is increasing, particularly among the younger, urban population. There is also a growing shift towards healthier alternatives, with baked snacks and products with natural ingredients gaining traction. The market is being further diversified by the increasing availability of international snack brands, which cater to changing consumer tastes and preferences for premium and exotic flavors.
The report provides a comprehensive analysis of the Panama savory snacks industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, packaging material and distribution channel. The insights gained from this evaluation help reveal the growth potential within the savory snacks sector.
Market Segmentation
The segmentation of the Panama savory snacks market is outlined below:
Product type: corn and tortilla chips, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, savoury biscuits and crackers, others
Packaging material: flexible packaging, paper and board, rigid plastics, others
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, vending, e-commerce, others
In Panama, the savory snacks market is segmented by product type, packaging material and distribution channel. By product type, the market is categorized into corn and tortilla chips, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, savoury biscuits and crackers, and others. Packaging material segments cover flexible packaging, paper and board, rigid plastics, and others. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, vending, e-commerce, and others.
Competitive Landscape
The savory snacks market is characterized by dominance from key players such as PepsiCo Inc., Mondelez International Inc., Kellanova, John B. Sanfilippo & Son Inc., Hormel Foods Corp., Grupo Nutresa S.A. and Comercializadora CMC Investment y Cia Ltda. This report presents an extensive analysis of major entities in the savory snacks market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Panama savory snacks market.
Gain in-depth analysis and forecasts for the key segments of the Panama savory snacks market: product type, packaging material and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Panama savory snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Panama 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
Panama Savory Snacks Market – Product Type Analysis
Panama Savory Snacks Market – Packaging Material Analysis
Panama Savory Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– PepsiCo, Inc.
– Mondelez International Inc.
– Kellanova
– John B. Sanfilippo & Son, Inc.
– Hormel Foods Corp.
– Grupo Nutresa S.A.
– Comercializadora CMC Investment y Cia Ltda
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Panama Savory Snacks Market 2019-2029
Chart Panama Savory Snacks Market, Net Growth, 2019-2029
Chart Panama Savory Snacks Market, Growth Rates, 2019-2029
Table Panama Savory Snacks Market by Product Type, 2019-2029
Chart Panama Savory Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Panama Savory Snacks Market by Product Type, 2019-2029
Table Panama Savory Snacks Market by Packaging Material, 2019-2029
Chart Panama Savory Snacks Market by Packaging Material, CAGR Historic and Forecast, 2019-2029
Chart Panama Savory Snacks Market by Packaging Material, 2019-2029
Table Panama Savory Snacks Market by Distribution Channel, 2019-2029
Chart Panama Savory Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Panama Savory Snacks Market by Distribution Channel, 2019-2029
Table Panama Savory Snacks Market Share (%), by Companies, 2019-2023
Chart Panama Savory Snacks Market, by Companies, 2023
Table Panama Savory Snacks Market Share (%), by Brands, 2019-2023
Chart Panama Savory Snacks Market, by Brands, 2023
Table Panama – Population (Millions) and Forecast
Table Panama – Consumer Price Index (CPI) and Forecast
Table Panama – Gross Domestic Product and Forecast
Table Panama Savory Snacks Market: Spend as a Proportion of GDP (%)
Table Panama Savory Snacks Market: Consumption per Capita (Population)
Companies Mentioned
PepsiCo, Inc.
Mondelez International Inc.
Kellanova
John B. Sanfilippo & Son, Inc.
Hormel Foods Corp.
Grupo Nutresa S.A.
Comercializadora CMC Investment y Cia Ltda