The combination of low consumer spending power coupled with rising prices, means that consumers are changing their consumption habits to fit with their budgets. This could mean opting for cheaper products and/or fewer consumption occasions.
Innovation is crucial for differentiation in savoury snacks, to help win shares over the competition and continue to attract the attention of consumers. Whilst new product developments have been fewer than expected, due to the current industry environment, there is certainly room for new flavours in order to stimulate interest and create momentum in sales.
Sustainability and efficiency will be the focus points for players in savoury snacks over the forecast period. The brutal increase in costs has brought challenges to many companies and, in parallel to the sustainability strategies, which companies have already defined, there is a growing concern about saving energy and water, reducing food waste, and rationalising product portfolios, amongst other measures, to mitigate waste.
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Understand the latest market trends and future growth opportunities for the Savoury Snacks industry in Portugal with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Savoury Snacks industry in Portugal, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Savoury Snacks
This is the aggregation of chips/crisps, extruded snacks, tortilla/corn chips, popcorn, pretzels, nuts and other categories of savoury snacks.
See All of Our DefinitionsThis report originates from Passport, our Savoury Snacks research and analysis database.
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