The global healthy snacks market is expected to reach USD 152.5 billion by 2030, registering a CAGR of 6.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. The industry has benefited from a growing consumer focus on the nutritional characteristics of snacks which include high vitamins and proteins and low calories. The rising need for on-the-go snacks, combined with growing customer purchasing power, is expected to propel the market forward. Consumers’ hectic lifestyles are also predicted to drive industry growth during the forecast period.
Healthy Snacks Market Report Highlights
- Savory healthy snacks held the largest market in 2021 due to the high demand from consumers working from home due to the pandemic
- Supermarkets and hypermarkets dominated the market and are expected to sustain growth through their partnership with online delivery platforms
- Asia Pacific is expected to register the fastest growth during the forecast period. The rapid proliferation of online distribution channels in this region is the major driver that is expected to maintain market growth
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Healthy snacks, aside from being tasty, are numerous and provide the perfect balance of healthy fats, protein, and fiber. Covid-19 established a new normal wherein making better and healthier choices were the need of the hour. Companies use Portable & easy-to-eat fruits including bananas, apples, pears, grapes, grapefruit, and oranges. They contain fiber and minerals and make a great small snack. They also include low-calorie vegetables, hummus, hard-boiled eggs, fruits, and nut butter, which help in weight loss. these convenient and calorie-controlled snacks help to control your hunger between meals. snacks with lower carbohydrate counts, lower calories, and higher proteins and fiber are recommended for people with diabetes.
Rising health concerns, changing lifestyles and diets, and the increased substitution of meals with snacks are reported to be driving the industry. Obesity and other disorders are on the rise around the world, prompting people to adopt healthier lifestyles and, as a result, consume healthier snacks like rice snacks and multigrain chips (crisps). With the emergence of the COVID-19 pandemic, the focus on healthy snacks has intensified further and has thereby, driven market growth in recent years.
Savory snacks was the largest segment in the product category globally. The growing trend of working from home being witnessed across the world is one of the significant factors that is expected to drive demand for savory snacks during the forecast period. On the basis of distribution channels, supermarkets and hypermarkets accounted for the major share in the global healthy snacks market. The expansion of the retail business has resulted in a considerable increase in the number of hypermarkets and supermarkets around the world. Therefore, consumption and sales of healthy snacks have increased especially in developing economies.
North America dominated the market in 2021 and is expected to maintain its dominance during the forecast period. The regional market is dominated by high demand for healthy snacks in the U.S. Snack consumption was already at a high rate in this region, however, with the COVID-19 pandemic the rate of healthy snacks consumption has risen exponentially. Nowadays, a growing number of individuals are becoming health-conscious and seeking out nutritious snacks.
Healthy Snacks Market Insights By Demographics
North America held the largest market share globally. The U.S. was already a large consumer of snacks, but the consumer focus has now shifted to the consumption of healthy and nutritious snacks to prevent all kinds of health-related risks posed due to excessive snacking habits. The high proliferation rates of supermarkets and hypermarkets, along with convenience stores are another major factor that has driven the sales of the market in the region. Asia Pacific is anticipated to become the fastest-growing region in the global market. In Asia, there is also a growing awareness of goods that are beneficial for the stomach and associated with immunity, such as prebiotics and probiotics.
Competitive Analysis By Major Companies
The market is fragmented with the presence of global and regional players offering a variety of snacking options customized to the local palates. Some of the key players operating in the industry include:
- Nestlé
- The Kellogg Company
- Unilever
- Danone
- PepsiCo
- Mondelēz International
- Hormel Foods Corporation
- Dole Packaged Foods, LLC.
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Healthy Snacks Market Segmentation
Grand View Research has segmented the global healthy snacks market on the basis of product, distribution channel, and region.
- Healthy Snacks Product Outlook (Revenue, USD Billion, 2017 – 2030)
- Healthy Snacks Distribution channel Outlook (Revenue, USD Billion, 2017 – 2030)
- Healthy Snacks Regional Outlook (Revenue, USD Billion, 2017 – 2030)
List of Key Players in the Healthy Snacks Market
- Nestlé
- The Kellogg Company
- Unilever
- Danone
- PepsiCo
- Mondelēz International
- Hormel Foods Corporation
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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