Healthy Snacks Market Projected to Soar, Surpassing $152 Billion by 2029

Meticulous Research® Unveils Dynamic Market Insights: Healthy Snacks Market Set to Surpass $152 Billion by 2029
Meticulous Research®, a distinguished global market research company, proudly presents its latest research report, "Healthy Snacks Market by Type (Cereal & Granola Bars, Nuts, Meat, Biscuits, Cookies), Product Claim (Gluten-free, Low fat), Packaging Type (Wraps, Boxes), Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores)-Global Forecast to 2029."

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The global healthy snacks market is poised for remarkable growth, anticipating a valuation of $152.08 billion by 2029, with an impressive Compound Annual Growth Rate (CAGR) of 6.5% from 2022 to 2029. This surge is driven by an escalating health-conscious trend among consumers, a surging demand for functional/healthy foods, and the increasing popularity of convenient on-the-go snacks. Additionally, emerging economies in Latin America, Asia, and the Middle East & Africa, coupled with the growing online sales of these products, are expected to provide significant growth opportunities.

Despite this optimistic trajectory, challenges such as the higher cost of healthy snacks compared to conventional alternatives and the volatility in raw material prices pose obstacles to market expansion.

Market Segmentation and Competitive Landscape
The report extensively segments the market based on type, product claim, packaging type, distribution channel, and geography. It also offers a comprehensive evaluation of industry competitors, along with an in-depth analysis at the country level.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/healthy-snacks-market-5392

Type Segmentation:

• Cereal & Granola Bars: Projected to dominate the market in 2022 due to rising consumption, changing dietary patterns, increasing convenience stores, and the growing incidence of health issues such as diabetes, cardiovascular diseases, and obesity.

• Meat Snacks: Expected to witness significant growth during the forecast period, fueled by global meat consumption, a preference for spicy and specific-flavored snacks, and the demand for protein-rich meat products.

Product Claim Segmentation:

• Gluten-free: Anticipated to hold the largest market share in 2022, driven by the rising incidence of celiac disease, health benefits associated with gluten-free products, and increasing demand among millennials.

• Low-fat: Among other product claims contributing to the market's growth.

Packaging Type Segmentation:

• Wraps: Expected to account for the largest share in 2022, driven by the rising demand for on-the-go and fast food, busy lifestyles, and the expanding food packaging industry.

• Boxes: Projected to register significant growth during the forecast period due to cost-effectiveness and the rapidly growing e-commerce industry.

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Distribution Channel Segmentation:

• Supermarkets & Hypermarkets: Expected to hold the largest share in 2022, driven by increased sales in established chains, consumer preference for brick-and-mortar grocers, and growing consumer spending on healthy food products.

• Online Channels: Projected to witness significant growth during the forecast period, attributed to the growing preference for personalization, convenience, greater discounts, and an enhanced product selection experience.

Geographical Insights:

• North America: Expected to dominate the market in 2022, attributed to a well-established food industry, growing health awareness, prevalence of celiac disease, demand for gluten-free and clean-label snacks, and easy availability in grocery stores.

• United States: Foreseen to account for the largest share in North America in 2022, driven by a preference for convenience foods, changing household sizes, increasing interest in unique snack flavors, and the adoption of health & wellness trends.

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Key Players Shaping the Healthy Snacks Market:
• General Mills, Inc. (U.S.)
• Mondelēz International, Inc. (U.S.)
• Nestlé S.A. (Switzerland)
• Unilever PLC (U.K.)
• Kellogg Company (U.S.)
• Tyson Foods, Inc. (U.S.)
• The Hain Celestial Group, Inc. (U.S.)
• Hormel Foods Corporation (U.S.)
• B&G Foods, Inc. (U.S.)
• Del Monte Foods Inc. (U.S.)
• PepsiCo, Inc. (U.S.)
• KIND LLC (U.S.)
• Danone S.A. (France)
• Select Harvests Limited (Australia)

For a detailed exploration of market dynamics, trends, and competitive analysis, refer to the complete research report, "Healthy Snacks Market by Type (Cereal & Granola Bars, Nuts, Meat, Biscuits, Cookies), Product Claim (Gluten-free, Low fat), Packaging Type (Wraps, Boxes), Distribution Channel (Supermarkets & Hypermarkets)-Global Forecast to 2029," now available from Meticulous Research®.

Download PDF Brochure @ https://www.meticulousresearch.com/download-sample-report/cp_id=5392

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This release was published on openPR.