Latin America Savory Snacks Market 2025

The Latin America savory snacks market is on track for a substantial increase of USD 11.3 billion, indicating a CAGR of roughly 6.9% during the forecast period from 2025 to 2030. 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.

Focused on delivering actionable insights, this report explores the Latin America savory snacks market, analyzing historical performance from 2020 to 2024 and providing forecasts up to 2030. It assesses market size, growth dynamics, and segment-specific trends, highlighting the factors driving change in the industry. By breaking down the market into product type, packaging material, distribution channel and country, the report equips decision-makers with a clear understanding of the competitive landscape and growth potential.

Market Segmentation

The following outlines the segmentation of the Latin America savory snacks market:
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

The Latin America savory snacks market is categorized by product type, packaging material, distribution channel and country. By product type, the market includes 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 are categorized into 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 encompasses Argentina, Brazil, Chile, Colombia, Mexico and others.

Competitive Landscape

The savory snacks market is highly competitive, with key companies profiled in this report, including 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.

This report delivers an in-depth examination of leading companies in the savory snacks sector, analyzing their performance from 2020 to 2024. The results indicate changes in market share, emphasizing both established leaders and new entrants.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latin America savory snacks market.
Gain in-depth analysis and forecasts for the key segments of the Latin America savory snacks market: product type, packaging material, distribution channel and country.
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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
Market Segmentation
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
Company Shares Analysis
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
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Latin America Savory Snacks Market 2020-2030
Chart Latin America Savory Snacks Market, Net Growth, 2020-2030
Chart Latin America Savory Snacks Market, Growth Rates, 2020-2030
Table Latin America Savory Snacks Market by Product Type, 2020-2030
Chart Latin America Savory Snacks Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latin America Savory Snacks Market by Product Type, 2020-2030
Table Latin America Savory Snacks Market by Packaging Material, 2020-2030
Chart Latin America Savory Snacks Market by Packaging Material, CAGR Historic and Forecast, 2020-2030
Chart Latin America Savory Snacks Market by Packaging Material, 2020-2030
Table Latin America Savory Snacks Market by Distribution Channel, 2020-2030
Chart Latin America Savory Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latin America Savory Snacks Market by Distribution Channel, 2020-2030
Table Latin America Savory Snacks Market by Country, 2020-2030
Chart Latin America Savory Snacks Market by Country, CAGR Historic and Forecast, 2020-2030
Chart Latin America Savory Snacks Market by Country, 2020-2030
Table Latin America Savory Snacks Market Share (%), by Companies, 2020-2024
Chart Latin America Savory Snacks Market, by Companies, 2024
Table Latin America Savory Snacks Market Share (%), by Brands, 2020-2024
Chart Latin America Savory Snacks Market, by Brands, 2024
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.