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High Fiber Snacks Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033
High Fiber Snacks Market Size
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According to The Business Research Company's, 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 growth in the historic period can be attributed to increased health awareness, increased adoption of clean-label products and natural ingredients, the popularity of diets that emphasize fiber intake, growth in online retail platforms, increased availability of high-fiber snacks, and governmental.
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%. The growth in the forecast period can be attributed to growing consumer demand for sustainable and ethically sourced ingredients, increased focus on reducing food waste and using eco-friendly packaging, the rise of personalized nutrition and customized snack options, adaptation of products to suit local tastes and preferences, development of snacks that offer additional health benefits, social media, and digital campaigns. Major trends in the forecast period include probiotics and prebiotics, eco-friendly packaging, transparency in ingredients, customizable snack options, product innovation and diversification, and improved food processing techniques.
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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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
High Fiber Snacks Market 2024 Key Insights:
• 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%.
• The Impact of Increasing Demand for Healthy Foods on the Growth of the High-Fiber Snacks Market
• Innovating High Fiber Snack Alternatives Enhances Market Growth.
• North America was the largest region in the high fiber snacks market in 2023
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