Press release
Global low-calorie snacks market to garner $24.1 billion By 2030: Allied Market Research
low-calorie snacks market
As per the report published by Allied Market Research, the global low-calorie snacks market generated $7.6 billion in 2020, and is projected to reach $24.1 billion by 2030, manifesting a CAGR of 12.3% from 2021 to 2030. The report offers an in-depth market overview, market estimations, quantitative analysis of the current low-calorie snacks market trends, and dynamics of the market size during the forecast period.
Roshan Deshmukh, Research Manager-Research, Food & Beverages at Allied Market Research, stated, “The low calorie snacks market is projected to witness a significant growth due to rise in awareness about health, increase in demand for convenience food, and change in culture and lifestyle of emerging Asian Market.”
Covid-19 pandemic impact on the global low calorie snacks market:
Covid-19 pandemic leads to rise in health consciousness among people. People are consuming healthy items to boost body immunity.
The market witnessed a few challenges during the initial phase of the lockdown including a disrupted supply chain and uncertain manufacturing processes.
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Growth in awareness about health, rise in demand for convenience food, and change in culture & lifestyle of the developing Asian market are some of the key factors driving the growth of the global low calorie snacks market. On the other hand, the availability of healthier substitutes and the high cost of production of organic food are the factors hampering the market growth. However, increase in inclination of customers to purchase premium and environment-friendly products will open many doors of opportunities for the market.
The global low calorie snacks market is segmented into type, nature, packaging type, and distribution channel.
Based on type, the savoury snacks segment contributed the highest market share in 2020, owing to nearly three-fifths of the global low calorie snacks market, and is anticipated to maintain the leading position during the forecast period. On the other hand, the segment of the sweet snack is projected to cite the highest CAGR of 12.9% from 2021 to 2030.
Based on packaging type, the pouches segment was responsible for the largest share in 2020, contributing for almost half of the global low calorie snacks market, and will maintain its dominance throughout the forecast period. Whereas, the jars segment is projected to manifest the highest CAGR of 13.0% from 2021 to 2030.
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Based on region, the Europe region held the highest share in terms of revenue in 2020, attributing to around one-third of the global low calorie snacks market, and would stay dominant by 2030. At the same time, the LAMEA region is expected to witness the fastest CAGR of 13.0% throughout the forecast period.
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Key leading players of the global low calorie snacks market include Cargill, Mondelez International, Incorporated, Conagra Brands, Inc., Danone, General Mills, Inc., Nestle S. A, and The Kraft Heinz Company, Hain Celestial, Archer Daniels Midland Company, Ingredion Incorporated.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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