Global Healthy Snacks Market size was valued at USD 84.58 Bn in 2023 and is expected to reach USD 121.53 Bn by 2032, at a CAGR of 8.4 %.
Pune, 19, June 2024: The Global Healthy Snacks Market was valued at USD 2.17 billion in 2023 and is expected to reach USD 4.48 billion by 2032, with a CAGR of 8.4 %. Snacks are often foods consumed in between meals that can contribute to a healthy and balanced diet. If we choose nutritious snacks, we can get critical nutrients like protein, vitamins, fiber, and minerals without adding sugar, saturated fat, or salt. The snacking food market is fast producing new healthy materials for processing healthy snacks such as chocolate chip cake, nitro tech, crunch bars, NEOH raspberry low carb protein, candy bar, and others, which has fuelled innovations that will help the snack sector grow globally. According to DPO International, the global healthy snacks market was valued at 78.13 billion in 2019 and is predicted to grow to 108.11 billion by 2027.
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Healthy Snacks’ Key Competitors include:
- Nestle S.A. (Switzerland)
- Tyson Food Inc. (US)
- B&G Foods Inc. (US)
- PepsiCo Inc. (US)
- Calbee Inc. (Japan)
- Unilever PLC (UK)
- Kellogg Company (US)
- Mondelez International (US)
- Danone S.A. (France)
- Hormel Foods Corporation (U.S.) and other major players.
Healthy Snacks Market Dynamics
The healthy snack market is experiencing growth due to changing diet patterns and busy lifestyles. Consumer preference towards sugar and gluten-free, protein-based products, and dried fruits is boosting the market. The US, Canada, Japan, and Western Europe are among the countries that consume healthy snacks, reviving the healthy snack market. The popularity of meat snacks is also driving growth, with sales reaching over $3.5 billion in the past year and projected to reach $4.9 billion by 2022. The demand for flexible packaging is also driving market growth, as it allows consumers to see the product on the packaging. Food manufacturers are focusing on product development, innovation, and research to boost market growth. Technologies like extrusion, co-extrusion, expansion, frying, baking, drying, and new vacuum frying technology are also contributing to this growth.
There is a potential in the healthy snacks industry to increase health awareness campaigns on healthy snacks and processed snacks in untapped and underdeveloped countries with the assistance of the government and private organizations. The top key company must maintain consistency in product innovation and development through various trending research, as they already hold the majority of the healthy snacks industry.
Healthy Snacks Market Regional Insights
North America is Expected to Dominate the Market Over the Forecast Period. North America is expected to dominate the healthy snacks market growth due to changing consumer perceptions and increasing consumption of cereal bars. The Asia Pacific market is expected to be the most promising globally, with emerging economies like India and China generating market growth. European countries like the UK, Germany, and France are likely to demand healthy snacks due to health benefits. Latin America, the Middle East, and Africa will display lower market share due to inferior product penetrations in underdeveloped regions.
Healthy Snacks Market Segment Analysis
By Product Type:
- Sugar-Free
- Gluten Free
- Low Fat Products
- Dried Fruit
- Cereals & Oat Bars
- Nuts & Seeds
- Meat Products
- Healthy Cookies
- Others
The Nuts &Seeds Segment Is Expected to Dominate the Market During the Forecast Period. Nuts & Seeds are dominating due to their protein content & Easy Consumption. Nut-based snacks are popular among consumers because they are high in protein, fiber, and antioxidants, as well as providing sustained energy. The increasing popularity of plant-based and vegan diets will drive up demand for nut and seed-based products. Trail mixes are becoming increasingly popular due to their mobility, ease, and variety of flavors. Nuts, seeds, and trail mixes are also predicted to expand at a quicker rate due to increased demand for natural, organic, and clean-label items.
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By Packaging Type:
- Pouches
- Jars
- Boxes
- Others
By Distribution Channels:
- Hypermarkets/Supermarkets
- Online Channels
- Specialty Stores
- Convenience Stores
GLOBAL HEALTHY SNACKS MARKET BY REGION
- NORTH AMERICA
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- WESTERN EUROPE
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest of Western Europe
- ASIA PACIFIC
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- ASIA PACIFIC
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Brazil
- Argentina
- Rest of South America
Key questions answered in the Healthy Snacks Market report are:
- Which market segment dominated the global Healthy Snacks market in 2023?
- What are the current global trends in the Healthy Snacks market?
- What future industry applications and trends are emerging in the Healthy Snacks market?
- What growth strategies are companies adopting to expand their presence in the Healthy Snacks market?
- Who are the leading companies in the Healthy Snacks market, and what are their product portfolios?
- What are the primary challenges that the Healthy Snacks market may face in the future?
- Which region had the largest share of the Healthy Snacks market in 2023?
- How is the regulatory environment influencing the Healthy Snacks market?
Key Offerings:
- Market Size, Share, Size & Forecast by Different Segments | 2024−2032
- Healthy Snacks Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Trend Analysis
- Pestle Analysis
- Porter’s Five Forces Analysis
- Industry Value Chain Analysis
- Ecosystem
- Regulatory Landscape
- Price Trend Analysis
- Patent Analysis
- Technology Evolution
- Investment Pockets
- Healthy Snacks Market Segmentation
- Competitive Landscape – Profiles of selected key players in a strategic perspective
- Competitive landscape – Competitive Benchmarking, Healthy Snacks Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions
- Analyst Viewpoint and Conclusion
Introspective Market Research, a prominent Food and Beverages Industry research firm, has released the following reports:
- Global Vegetable Snacks Market: The Global Vegetable Snacks Market size is expected to grow from USD 4.61 billion in 2023 to USD 6.62 billion by 2032, at a CAGR of 4.10% during the forecast period (2024-2032).
- Global Meat Snacks Market: The Global Meat Snacks Market size is expected to grow from USD 4.22 billion in 2023 to USD 8.87 billion by 2032, at a CAGR of 8.6% during the forecast period (2024-2032).
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