Consumption in savory market is expected to grow significantly in Denmark from the review period of 2006-2011 to the forecast period of 2011-2016, finds a new study by UK-based research firm Canadean – Food.
According to the report, 'The Savory Snacks Market in Denmark, to 2016', the compound annual growth rate will see a rise of 26.6% from the period 2006-2011 to 2011 to 2016.
In the overall savory market, potato chips will dominate the market, with 40.6% share by 2016. The market value of this category in terms of local currency is expected to see a 14.2% increase in the forecast period. The compound annual growth rate of potato chips will increase by 27.8% to 2.71% from 2006-2011 to the forecast period.
Processed snacks will be trailing behind potato chips in the market by 2016, with 21% share. The compound annual growth rate of processed snacks will increase by 30.6% from 2006-2011 to the 2011-2016 period, reaching 2.43%. The market value of this segment is likely to increase by 12.7% to 2016.
CAGR of nuts and seeds will grow by 14.4% from 2006-2011period to the forecast period, touching at 2.38%. The market value of this category in terms of local currency is expected to see a 12.4% increase in the forecast period. This category will hold 16.4% share in the market.
The compound annual growth rate of pretzels is expected to increase by 27.1% to 2.39% by the end of the forecast period. The market value of this category is likely to grow 12.5% by 2016. Pretzels are expected to hold 4.3% share by 2016.
Expected to see compound annual growth rate of 51.06% to 1.42% from 2006-2011 to the forecast period, meat snacks' market value will grow by 7.29% in the forecast period. This category will hold a share of 3.38% in the complete savory market.
The compound annual growth rate of popcorn is expected to increase by 29.3% to 2.51% from six-year period ending 2011 to the forecast period ending 2016. It will see a 13.1% increase in 2011-2016 in terms of market value and will comprise 3.71% of the market.
Ethnic snacks' CAGR is predicted to grow by 30.9% to 1.44% by 2016, with the market value likely to have a 7.4% increase. In the overall savory market, this category will hold 4.6% share.
