The scope of the global Healthy Snacks Market was appreciated at US$ 23.05 billion in 2018. The range is projected to touch US$ 32.88 billion by 2025, growing at a CAGR of 5.2% for the duration of the forecast.
Increasing emphasis of the end user on nutritious standards of the product for example low-slung calories and greater proteins & vitamins has functioned in support of the healthy snacks industry. Increasing necessity for on-the-go snack together with growing abilities for expenditure of the customers can strengthen the development. Furthermore, frantic routines of customers are estimated to push the healthy snacks industry during the approaching years.
Drivers and Restraints:
Healthy snacks are extensively being used up in developed nations. Growing admiration for meat snacks is furthermore inspiring the development of the healthy snacks market. Increasing stress by the customers on the excellence of the products in advanced nations for example North America and Europe due to the growing power of expenditure, of the customer, is poised to enlarge the market during the future years.
Increasing per head earnings of the customers owing to modernization and spreading base of employed people, is one of the most important stimulating substance for the development of the market. People in the age range of mid-thirties to mid-forties have recorded improved expenditure on healthy snacks. In contrast, instable prices of raw materials, owing to dependence on agrarian supplies and stringent guidelines placed by a number of controlling experts, are expected to hamper the development.
However, increasing funds to develop inventive class offerings and the inventiveness started by the most important companies for the branding of the product are expected to deliver an up word push to the market. Awareness regarding fitness between the consumers due to alertness movements propelled by the companies, government, and non-government organizations are expected to inspire the demand for healthy snacks during the approaching years.
The global healthy snacks market can be classified by Sales Network, Product, Packaging, Claim and Region. By Sales Network, it can be classified as: Non Store Based, Store Based. By Product it can be classified as: Trail Mix Snacks, Meat Snacks, Cereal & Granola Bars, Dried Fruit, Nuts & Seeds Snacks, Savory and Sweet. By Packaging it can be classified as: Cans, Boxes, Pouches, Jars and others. By Claim it can be classified as Sugar-free, Gluten-free, Low-fat, and others.
By Region the global healthy snacks industry can be classified as North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. North America is expected to be one of the noticeable provincial markets for healthy snacks for the duration of the forecast. Altering habits of customers for example snacking between fixed mealtimes or snacking in place of meals together with an upsurge in inclination for healthy alternatives are expected to increase the demand for the product in the area.
There is heavy demand for cereal and granola bars in the region. It directs 35.0% share of the general income, within the province, during 2018. Cereal bars are extensively used up throughout North America owing to a number of tastes offered and discounts presented together with eye-catching wrapping utilized to invite & maintain new-fangled consumers.
Additionally, altering opinions of customers in the U.S.A. concerning arrangements of diet are important to upsurge in ingestion of healthy snacks. The standard of living of salaried people in the nation is expected to offshoot the development of the market during the approaching years. Handiness and easy to move options presented by healthy snacks are also endorsing the development of the market within the nation.
Asia Pacific is projected to be the maximum encouraging destination in the international arena for the duration of the forecast. Increasing demand for the product in the province can be credited to modernization and increasing necessity for snacking choices in developing nations similar to India and China. Altering standard of living of the customers in emerging nations, due to growth in per head earnings, are additionally estimated to have potential for the local market during the succeeding a small number of years.
Some of the important companies for healthy snacks market are Select Harvests, The Hain Celestial Group, Inc., Hormel Foods Corporation, The Kellogg Company, Nestlé S.A., Cal bee, Inc., B & G Foods, Inc., Mondelēz International, Tyson Foods, Inc., PepsiCo, Inc., and Kind LLC. Additional Notable companies are Danone, No Limit, LLC, Medifast, Inc., Sun-Maid, General Mills Inc., L T Foods, Mondelez International Inc., Bel Brands, and Dole Food Company Inc.
Healthy Snacks Product Outlook (Revenue, USD Million, 2014 - 2025)
• Cereal & Granola Bars
• Nuts & Seeds Snacks
• Meat Snacks
• Dried Fruit
• Trail Mix Snacks
Healthy Snacks Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
Research Support Specialist, USA