Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Product Type (Potato Chips, Extruded Snacks, Nuts & Seeds, Popcorn, Others), By Distribution Channel (Supermarket/Hypermarket, Independent Retailers, Convenience Stores, Service Station, Others), By Flavor (Roasted/Toasted, Barbeque, Spice, Beef, Others) And Competitive Landscape
| Product Code: ETC059012 | Publication Date: May 2021 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
According to 6Wresearch internal database and industry insights, the Latin America Savory Snacks Market was estimated at USD 268 billion in 2024 and projected to reach USD 321 billion by 2031, registering a significant compound annual growth rate (CAGR) of 5.3% between 2025 and 2031.
| Report Name | Latin America Savory Snacks Market |
| Forecast Period | 2025-2031 |
| CAGR | 5.3% |
| Market Size | USD 321 billion by 2031 |
| Growing Sector | Food |
The Latin America Savory Snacks Market report thoroughly covers the market by Countries, by Product Type, by Distribution Channel and by Flavors.The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Latin America Savory Snacks Market is expanding its landscape over the years. The Savory Snack is kind snack which has mostly salty and sometime spicy in taste. This is taken between the meals or as evening snacks. due to rising urbanization, busy lifestyles, and increasing demand for convenient food options. Potato chips, extruded snacks, nuts, and popcorn are some popular products.
Latin America Savory Snacks Market is projected to expand at a substantial CAGR of 5.3% during the forecast period 2025-2031. Owing to increasing urbanization, rising disposable incomes, and busier lifestyles that favour convenient food options, the Latin America Savory Snack Markt is predicted to grow in the forthcoming years. Further, the growing consumer preference for flavoured, innovative, and healthier snacks, along with the expansion of organized retail and e-commerce channels, further fuels market growth.
Despite of growth factors, the Latin America Savory Snack Industry faces some obstacles which can hinder the progress in the future such as stringent food safety and labelling regulations across countries, high competition from local and international players, and fluctuating raw material prices. Aside from these, changing consumer preferences towards healthier and low-calorie snacks require constant innovation, which can increase production costs.
Latin America Savory Snacks Market is experiencing notable growth in the recent years with emerging trends such as increasing demand for healthier and flavoured snack options. Some major trends include the rising urbanization, convenience-driven consumption, and snacking culture which are playing as key drivers. Also, the demand of premium and innovative flavours is gaining popularity. Digital marketing and e-commerce channels are increasingly influencing consumer choices.
In the Latin America Savory Snacks Market, opportunities exist in launching clean-label, organic, and plant-based snacks. Expansion into untapped rural and semi-urban regions is promising. Strategic partnerships with retailers and online platforms can boost market penetration. Investment in R&D for innovative flavours and packaging offers long-term growth potential.
Latin America Savory Snacks Market Growth is influenced by some major companies driving the sales include PepsiCo, Mondelez International, Kellogg’s, Grupo Bimbo, and regional players. The focus of key players is emphasizing on product innovation, marketing campaigns, and regional expansion. Further, the collaboration with local suppliers ensures consistent quality and distribution. Continuous brand building strengthens consumer loyalty across the region.
Across Latin America and most of the countries, food safety and labelling standards are strictly regulated. Authorities enforce guidelines on additives, preservatives, and nutritional information and manufacturers must need to mandate these policies. Packaging and advertising regulations ensure consumer protection. Compliance with health and environmental standards is critical for market entry and growth.
The Latin America Savory Snacks Market is predicted to expand in the upcoming years steadily with increasing disposable incomes and changing lifestyles. In the coming years, the smart packaging, e-commerce, and digital promotions will drive the sales. Aside from these, health-conscious and functional snacks is continued to gain momentum. Expansion is occurring into emerging Latin American markets that will provide new revenue streams.
The report offers a comprehensive study of the subsequent market segments and their Dominate the Marketing categories.
According to Sachin, Senior Research Analyst, 6Wresearch, potato chips are expected to lead the market due to widespread consumer preference and ease of production. Other products like extruded snacks, nuts & seeds, popcorn, and others continue to maintain steady demand across the region.
In terms of region, Brazil is expected to lead the market share due to high urbanization, growing snack consumption, and strong retail infrastructure. Mexico and Argentina are witnessing steady growth, while the rest of Latin America offers emerging opportunities for new product launches and regional expansion.
Among distribution channels, the supermarkets and hypermarkets are expected to hold the largest Latin America Savory Snacks Market Share with large footfall and organized retail expansion. Independent retailers, convenience stores, service stations, and others also contribute steadily, catering to both urban and semi-urban consumers.
Roasted/toasted flavours are expected to dominate the market with increasing preference for traditional and healthier taste profiles among consumers. Barbeque, spice, beef, and other flavours continue to attract niche segments, driving innovation in flavour variety.
Markets Covered
The Market report includes the following segments:
By Product Type:
By Distribution Channel:
By Flavor:
By Countries:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Latin America Savory Snacks Market Overview |
| 3.1 Latin America Regional Macro Economic Indicators |
| 3.2 Latin America Savory Snacks Market Revenues & Volume, 2021 & 2031F |
| 3.3 Latin America Savory Snacks Market - Industry Life Cycle |
| 3.4 Latin America Savory Snacks Market - Porter's Five Forces |
| 3.5 Latin America Savory Snacks Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Latin America Savory Snacks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
| 3.7 Latin America Savory Snacks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
| 3.8 Latin America Savory Snacks Market Revenues & Volume Share, By Flavor, 2021 & 2031F |
| 4 Latin America Savory Snacks Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Latin America Savory Snacks Market Trends |
| 6 Latin America Savory Snacks Market, 2021 - 2031 |
| 6.1 Latin America Savory Snacks Market, Revenues & Volume, By Product Type, 2021 - 2031 |
| 6.2 Latin America Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
| 6.3 Latin America Savory Snacks Market, Revenues & Volume, By Flavor, 2021 - 2031 |
| 7 Brazil Savory Snacks Market, 2021 - 2031 |
| 7.1 Brazil Savory Snacks Market, Revenues & Volume, By Product Type, 2021 - 2031 |
| 7.2 Brazil Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
| 7.3 Brazil Savory Snacks Market, Revenues & Volume, By Flavor, 2021 - 2031 |
| 8 Mexico Savory Snacks Market, 2021 - 2031 |
| 8.1 Mexico Savory Snacks Market, Revenues & Volume, By Product Type, 2021 - 2031 |
| 8.2 Mexico Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
| 8.3 Mexico Savory Snacks Market, Revenues & Volume, By Flavor, 2021 - 2031 |
| 9 Argentina Savory Snacks Market, 2021 - 2031 |
| 9.1 Argentina Savory Snacks Market, Revenues & Volume, By Product Type, 2021 - 2031 |
| 9.2 Argentina Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
| 9.3 Argentina Savory Snacks Market, Revenues & Volume, By Flavor, 2021 - 2031 |
| 10 Rest of Latin America Savory Snacks Market, 2021 - 2031 |
| 10.1 Rest of Latin America Savory Snacks Market, Revenues & Volume, By Product Type, 2021 - 2031 |
| 10.2 Rest of Latin America Savory Snacks Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
| 10.3 Rest of Latin America Savory Snacks Market, Revenues & Volume, By Flavor, 2021 - 2031 |
| 11 Latin America Savory Snacks Market Key Performance Indicators |
| 12 Latin America Savory Snacks Market - Opportunity Assessment |
| 12.1 Latin America Savory Snacks Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 12.2 Latin America Savory Snacks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
| 12.3 Latin America Savory Snacks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
| 12.4 Latin America Savory Snacks Market Opportunity Assessment, By Flavor, 2021 & 2031F |
| 13 Latin America Savory Snacks Market - Competitive Landscape |
| 13.1 Latin America Savory Snacks Market Revenue Share, By Companies, 2024 |
| 13.2 Latin America Savory Snacks Market Competitive Benchmarking, By Operating and Technical Parameters |
| 14 Company Profiles |
| 15 Recommendations |
| 16 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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