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High Fiber Snacks Market: Comprehensive Analysis of Demand and Growth Prospects
High Fiber Snacks Market
As per the report, the high fiber snacks market size has grown strongly in recent years. It will grow from $22.32 billion in 2023 to $24.34 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The high fiber snacks market size is expected to see strong growth in the next few years. It will grow to $34.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
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The Impact of Increasing Demand for Healthy Foods on the Growth of the High-Fiber Snacks Market
The increasing demand for healthy foods is expected to propel the growth of the high fiber snacks market going forward. The rising demand for healthy foods is due to factors such as growing health awareness, the rising prevalence of lifestyle-related diseases, improved access to nutritional information, and shifts in consumer preferences towards natural and organic products. High-fiber snacks are used as healthy foods to aid digestion, promote satiety, and support overall dietary health by providing essential nutrients and reducing the risk of certain diseases. For instance, in November 2023, according to Agriculture and Agri-Food Canada, a Canada-based government department, the sale of natural savory snacks comprising high-fiber snacks will reach US$2,694.8 million in 2022. This has shown a growth rate of 5.2% since 2021. Therefore, the increasing demand for healthy foods will drive the growth of the high fiber snacks market.
Innovating High Fiber Snack Alternatives Enhances Market Growth.
Major companies operating in the high fiber snack market are focused on developing innovative, healthy snack alternatives to cater to the growing consumer demand for nutritious and convenient food options. Innovative healthy snack alternatives refer to new and creative food products that offer nutritional benefits while meeting consumer preferences for taste, convenience, and health. For instance, in October 2021, OptiBiotix Health PLC, a UK-based biotechnology and health and wellbeing company, launched SnackSmart Fruit and Fibre, a healthy snack alternative formulated with its functional fiber and mineral blend WellBiome. It features a synergistic combination of inulin, xylo-oligosaccharide (OptiXOS) prebiotic fiber, and the trace mineral magnesium. It is a patented, mineral-enriched prebiotic multi-fiber complex that promotes gut microbiome diversity and gut barrier integrity by enriching health-positive bacteria in the gut.
The high fiber snacks market covered in this report is segmented -
1) By Product: Cereal And Granola Bars, Nuts And Seeds, Dried Fruits, Meat Snacks, Biscuits And Cookies, Trail Mix Snacks, Other Products
2) By Nature: Organic, Conventional
3) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Convenience Stores, Online Retailers, Other Distribution Channels
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Major companies operating in the high fiber snacks market are Nestle Holdings Ltd., PepsiCo Inc., Mars Inc., Mondelez International Inc., Hodgson Mill Inc., General Mills Inc., Post Holdings Inc., Flowers Foods Inc., The Hain Celestial Group Inc., Ardent Mills LLC, Nature's Path Foods Inc., Bob's Red Mill Natural Foods Inc., Grain Millers Inc., Kind LLC, Kellogg India Pvt. Ltd, Atkins Nutritionals Inc., Hive Brands Holdings Inc., Bearded Brothers LLC, Go Macro LLC. , Pure Snacks Private Limited
Contents of the report:
1. Executive Summary
2. High Fiber Snacks Market Report Structure
3. High Fiber Snacks Market Trends And Strategies
4. High Fiber Snacks Market - Macro Economic Scenario
5. High Fiber Snacks Market Size And Growth
…..
27. High Fiber Snacks Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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