Healthy Snacks Market Trends, Growth, Size, Share & Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "Healthy Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the healthy snacks market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Healthy Snacks Market?

The global healthy snacks market size reached US$ 81.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 115.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.94% during 2023-2028.

What are Healthy Snacks?

Healthy snacks are nutrient-packed food items that are consumed between meals to maintain a well-balanced diet and provide improved energy to the consumer. They include whole grain crackers, oats, granola bars, meat snacks, muesli, roasted chickpeas, mixed nuts, smoothies, vegetables, and fresh fruits like apples, bananas, and berries. These snacks are rich in essential minerals, fiber, protein, healthy fats, vitamins, and carbohydrates.
Not only are healthy snacks portable and convenient, but they are also cost-effective and delicious. They can be easily carried around, offering nutritional fulfillment on the go. Healthy snacks contribute to improving diet quality, offering low-calorie options, preventing dehydration, and enhancing physical performance, immunity, brain power, and digestion while curbing hunger.
Consequently, healthy snacks are readily available in supermarkets, hypermarkets, online stores, convenience stores, and specialty stores across the globe. They cater to the growing demand for convenient and nutritious snack options that support a healthy lifestyle.

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What are the growth prospects and trends in the healthy snacks industry?

The healthy snacks market is primarily driven by the increasing health awareness among individuals. The recent onset of the COVID-19 pandemic has further heightened consumers' consciousness about the quality of their food intake, contributing to market growth. Busy lifestyles and work schedules have led to a growing demand for quick, convenient, on-the-go healthy snacks to prevent health issues. People today are focused on staying in shape, engaging in high-intensity training, and enjoying improved health. Another significant growth factor is the introduction of plant-based, gluten-free, and organic snack options. These cater to the increasing demand from individuals with lactose intolerance and celiac disease. Baked chips made from natural ingredients like ragi, vegetables, and soya, which are low in fat, high in protein, and free from genetically modified organisms, have witnessed accelerated adoption. The rising demand for healthy snacks as an alternative to dinner among working-class populations and college graduates, as they help satisfy appetite and prevent overeating during meals, is propelling market growth. The healthy snacks market exhibits varying growth rates across different regions. North America stands as the largest market due to several product innovations, increasing consumer spending power, and rising health awareness in the region. Competition within the industry is expected to intensify as key players implement competitive strategies to maintain their market presence. For example, Kellogg Company introduced a new cereal-based snack range called Jumbo Snax, featuring popular brands like Apple Jacks, Corn Pops, Tigers Paws, and Fruit Loops. Furthermore, leading market players are launching sustainable and visually appealing packaging solutions that are portable, lightweight, minimize carbon emissions, and offer features like easy-tear and resealability. Overall, the healthy snacks market is driven by health awareness, the impact of the COVID-19 pandemic, convenience in busy lifestyles, dietary considerations, regional variations, product innovations, and sustainable packaging solutions.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

Nuts, Seeds and Trail Mixes
Dried Fruit Snacks
Cereals and Granola Bars
Meat Snacks
Others

Distribution Channel Insights:

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online
Others

Market Breakup by Region:

North America (United States, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

B&G Foods Inc.
Danone S.A.
Del Monte Foods Inc. (Del Monte Pacific Ltd.)
General Mills Inc.
Kellogg Co.
Kind LLC (Mars Incorporated)
Mondelez International Inc.
Nestlé S.A.
Tyson Foods Inc.
Unilever plc

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This release was published on openPR.