Healthy Snacks Market to Reach USD 108.11 Billion by 2027 |
Pune, India, 09 Feb. 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the healthy snacks market the size is expected to increase significantly due to growing consumer health consciousness and increasing prevalence of quality lifestyles. These Snacks are a quick and affordable way to meet the body’s nutritional needs. The value of this market is expected to increase by $78.13 billion won in 2019 for $108.11 billion by the end of 2027. The market is expected to grow at a CAGR of 4.2% during the forecast period fixed between 2020 and 2027.
The report answers the following questions:
- What is the nature of this market?
- Who are the major players in this market and what are the major strategies adopted by them?
- What are the main segments of this market and who currently holds the leading position?
- What are the recent industry developments of the Healthy Snacks market?
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Drivers and Constraints-
Growing inclination towards healthy eating to build momentum
The increasing prevalence of chronic and acute diseases in people of all ages is a key factor promoting the adoption of healthy diets. This is a major factor driving the growth of the global healthy snacks market. In addition to this, the increasing evolution of the food industry and the advent of various varieties of foods and snacks such as flavors, shapes, sizes, and nutritional value are also adding momentum to the market. Additionally, advancements in food processing and preservation technology will also contribute to the expansion of the market.
However, factors such as processing challenges, moisture retention resulting from sugar and fat reduction, and the short shelf life of high fruit and vegetable snacks can pose major challenges to the growth of the Marlet. Nonetheless, rising popularity of functional and convenient foods and growing adoption of on-the-go and ready-to-eat snacks coupled with growing awareness among health-conscious consumers are expected to create lucrative growth opportunities for the market in the coming years. to come. year.
The nut-based snacks segment will cover the largest share due to their high protein content
Based on product type segmentation, this market holds major shares of nut-based snacks segment. This is due to the high protein content found in nuts, along with other high nutrient contents such as antioxidants and fiber.
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The list of key players in the healthy snacks market includes:
- Hormel Foods Corporation (Minnesota, USA)
- Nestlé SA (Vevey, Switzerland)
- Calbee, Inc. (Tokyo, Japan)
- Tyson Foods, Inc. (Arkansan, USA)
- Mondelēz International (Illinois, USA)
- B&G Foods, Inc. (New Jersey, USA)
- Unilever PLC (London, UK)
- PepsiCo, Inc. (New York, USA)
- Kellogg Company (Michigan, USA)
- Danone SA (Paris, France)
Europe has become dominant due to the growing popularity of on-the-go nutrition
Geographically, Europe covered the largest healthy snacks market share with a revenue of $31.06 billion in 2019. The growth of this region is attributed to the presence of a majority of health conscious people. their health with busy schedules and hectic lifestyles. The advent of on-the-go nutrition and functional food products has propelled the need for healthy snacks, increasing the regional market.
On the other hand, the Asia-Pacific market is expected to show the fastest growth in the coming years owing to increasing disposable income of people, growing adoption of healthy lifestyle and the growing popularity of food products that promote well-being, known as “better for you” products.
PepsiCo., Inc. holds leadership position with new product launches
As of 2019, PepsiCo., Inc. is the main player in this market. Most of the players operating in the healthy snacks market are engaged in manufacturing new snacks with unique flavors and ingredients to attract more revenue and gain a competitive edge in the market. The other players are focusing on collaborative strategies such as joint ventures, contracts & agreements, partnerships, and others to gain a competitive edge in the market during the forecast period.
Market segmentation includes (Type, Distribution Channel, Geography)
- Meat snacks
- Nuts, seeds and trail mixes
- Dried fruit snacks
- Cereal bars and granola
By distribution channel
- convenience stores
- Specialty stores
- Online retail
Key Industry Developments:
September 2019 – A new brand of refrigerated products has been launched by Tyson Food Inc., offering natural food benefits in their products.
October 2017 – A new range of protein-enriched snacks called Proteinex Bytes was launched by Danone SA in India to develop its business.
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Vegetable snacks market Size, Share and Industry Analysis, By Nature (Organic, Conventional), By Type (Wafer, Snack Bar, Cookies), By Source (Vegetables, Fruits, Grains, Tubers, Pulses), By Channel Distribution (Mass Merchandisers, Convenience Stores, Online Retail Sales, Specialty Stores) and Regional Forecasts, 2019-2026
Snack market Global size, share and trend by product type (bakery snacks, frozen snacks, confectionery snacks, savory snacks), distribution channel (hypermarkets/supermarkets, specialty stores, online channels, convenience stores) and geographic forecast to 2026
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