diff --git a/scripts/generate_snapshots.py b/scripts/generate_snapshots.py
index a8d0d75ce..e3da24873 100755
--- a/scripts/generate_snapshots.py
+++ b/scripts/generate_snapshots.py
@@ -13,6 +13,7 @@
 
 # flake8: noqa: F402
 
+import argparse
 import json
 import sys
 import warnings
@@ -29,6 +30,30 @@ class SnapshotGenerator:
 
     years = range(1950, 2051)
 
+    def __init__(self) -> None:
+        arg_parser = argparse.ArgumentParser()
+        arg_parser.add_argument(
+            "-c",
+            "--country",
+            action="extend",
+            nargs="+",
+            default=[],
+            help="Country codes to use for snapshot generation",
+            required=False,
+            type=str,
+        )
+        arg_parser.add_argument(
+            "-m",
+            "--market",
+            action="extend",
+            nargs="+",
+            default=[],
+            help="Market codes to use for snapshot generation",
+            required=False,
+            type=str,
+        )
+        self.args = arg_parser.parse_args()
+
     @staticmethod
     def save(snapshot, file_path):
         with open(file_path, "w") as output:
@@ -48,7 +73,19 @@ def update_snapshot(snapshot, data):
 
     def generate_country_snapshots(self):
         """Generates country snapshots."""
-        for country_code in list_supported_countries():
+        if len(self.args.market) > 0:
+            return None
+
+        country_list = self.args.country
+        supported_countries = list_supported_countries()
+        if country_list:
+            unknown_countries = set(country_list).difference(supported_countries.keys())
+            if len(unknown_countries) > 0:
+                raise ValueError(f"Countries {', '.join(unknown_countries)} not available")
+        else:
+            country_list = supported_countries
+
+        for country_code in country_list:
             country = getattr(holidays, country_code)
             snapshot = {}
 
@@ -67,7 +104,19 @@ def generate_country_snapshots(self):
 
     def generate_financial_snapshots(self):
         """Generates financial snapshots."""
-        for market_code in list_supported_financial():
+        if len(self.args.country) > 0:
+            return None
+
+        market_list = self.args.market
+        supported_markets = list_supported_financial()
+        if market_list:
+            unknown_markets = set(market_list).difference(supported_markets.keys())
+            if len(unknown_markets) > 0:
+                raise ValueError(f"Markets {', '.join(unknown_markets)} not available")
+        else:
+            market_list = supported_markets
+
+        for market_code in market_list:
             self.save(
                 holidays.country_holidays(
                     market_code,