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Healthy Snacks Market Size was valued at USD 86.32 billion in 2023 and is expected to reach USD 165.50 billion by 2032, and grow at a CAGR of 7.5% over the forecast period 2024-2032.
Snacks have become an important element of your diet since they aid in the absorption of necessary nutrients and the maintenance of your body's energy levels. Snacks are modest amounts of food or beverages taken in between meals. A low-sodium, low-sugar, low-vitamin, low-nutrient, and low-saturated-fat snack is a sort of bag. Healthy snacks are packed in fibre and protein, and they can help you stay energised all day. Snacks include hard-boiled eggs, nutritious grains, seeds, nuts, vegetables, fruits, and low-fat dairy products. Because snacks are such a large component of your diet, they have a significant influence on your health.
Healthy snacks provide a lot of advantages, including weight loss resistance, suppressing the demand for extra food, cognitive strengthening, and health promotion. Healthy snacks are also a good way to supplement your diet with key nutrients including vitamins, minerals, carbs, fibre, and protein. Snacks can be taken before or after meals, so don't overeat at mealtime.
Driving Factors
Demand for healthy snacks will be fuelled by rising demand for functional/healthy foods.
Convenience meals and on-the-go snacking are growing in popularity, which will help to fuel growth.
Restraining Factors
The market expansion would be hampered by technological and processing limitations.
Opportunities
This market research on healthy snacks includes information on current changes, trade restrictions, import-export analysis, production analysis, value chain optimization, market share, the influence of domestic and regional market participants, and analyses.
Challenges
One of the primary factors impeding the market's growth is the higher production cost of healthy snacks compared to regular snacks.
People's views on eating changed as a result of the COVID-19 epidemic. Stay-at-home rules forced people to consume the majority of their meals at home, while out-of-home dining options were limited. Consumers desire to keep in shape in order to avoid sicknesses, train at higher intensities for longer periods of time, and enhance their health. As a result, recent developments in a variety of healthy snack niches are on the increase, and this trend is driven by customers' desires for snacks that are nutritious, convenient, and tasty.
A shift in eating patterns has resulted from the development in discretionary wealth, as well as corporate culture of long work hours and stressful lifestyles. Snacks have long been seen to be harmful because to their high oil and sugar content, and as a result, they are a big contributor to health issues including obesity, high blood sugar, and hypertension. However, because to a recent shift in consumer behaviour, demand for oily-spicy snacks is rapidly migrating away from healthy, sugar-free, and low-calorie snacks packaged in tiny quantities. This is a crucial trend that is propelling the industry forward.
Working-class individuals and college graduates, for whom healthful savoury snack products have arisen as a supper alternative, fuel demand for this market. Individuals can fulfil their appetites while also avoiding overeating at meals with savoury snack items. Baked chips that are all-natural, non-GMO, multigrain, and low in salt, as well as giving other health benefits, are being created. These chips, which are strong in protein and low in fat, are often made with ragi, soya, and veggies.
Instant delivery services are becoming increasingly popular throughout the world, and grocery chains are following suit in order to maximise their profits. In recent months, a growing number of supermarkets have partnered with or invested in significant quick delivery startups. Supermarkets profit from their existing supply chains in order to increase margins, whereas delivery services benefit from their existing supply chains in order to expand their distribution network and reduce market competition.
By Product Type:
Frozen and Refrigerated
Fruit
Bakery
Savory
Confectionery
Dairy
Others
By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online
Others
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The existence of a majority of health-conscious individuals with demanding schedules and busy lifestyles is credited with the region's rise. The introduction of on-the-go nutrition and functional food items has fuelled demand for healthy snacks, which has boosted the regional industry.
On the other hand, the market in Asia Pacific is expected to develop at the quickest rate in the coming years, because to rising disposable incomes, increased adoption of healthy lifestyles, and rising popularity of food items that promote wellness, sometimes known as 'better-for-you' goods.
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Nestlé, The Kellogg Company, Unilever, Danone, PepsiCo, Mondelēz International, Hormel Foods Corporation, Dole Packaged Foods, LLC., Del Monte Foods, Inc., Select Harvests.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 86.32 Billion |
| Market Size by 2032 | USD 165.50 Billion |
| CAGR | CAGR 7.5% From 2023 to 2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product (Dried Fruit, Cereal and Granola Bars, Nuts and Seeds, Meat, Trail Mix) • by Claim (Gluten-free, Low-Fat, Sugar-Free and Others) • by Distribution Channel (Hypermarket and Supermarket, Food Speciality Stores, Convenience Stores, Online, Others) • by Packaging (Jars, Boxes, Pouches, Cans and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Nestlé, The Kellogg Company, Unilever, Danone, PepsiCo, Mondelēz International, Hormel Foods Corporation, Dole Packaged Foods, LLC., Del Monte Foods, Inc., Select Harvests |
| Key Drivers | •Demand for healthy snacks will be fuelled by rising demand for functional/healthy foods. •Convenience meals and on-the-go snacking are growing in popularity, which will help to fuel growth. |
| Market Restraints | •The market expansion would be hampered by technological and processing limitations. |
The market is grown at a CAGR of 7.5% From 2024 to 2032.
The market is expected to reach USD 143.21 billion by 2030.
The major players are Nestlé, The Kellogg Company, Unilever, Danone, PepsiCo, Mondel?z International, Hormel Foods Corporation, Dole Packaged Foods, and others in the final report.
The forecast period of the Healthy Snacks Market is 2024-2032.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Healthy Snacks market segmentation, by Product:
8.1 Frozen and Refrigerated
8.2 Fruit
8.3 Bakery
8.4 Savory
8.5 Confectionery
8.6 Dairy
8.7 Others
9. Global Healthy Snacks market segmentation, by Distribution channel:
9.1 Supermarkets and Hypermarkets
9.2 Convenience Stores
9.3 Online
9.4 Others
10. Global Healthy Snacks market, by region/ country
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company profiles
11.1 Nestlé S.A
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 The Kellogg Company
11.3 Unilever
11.4 Danone
11.5 PepsiCo
11.6 Mondelēz International
11.7 Hormel Foods Corporation
11.8 Dole Packaged Foods, LLC.
11.9 Del Monte Foods, Inc.
11.10 Select Harvests
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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