Press release
Low Calorie Snacks Market Poised for 16 % Growth, Set to Hit $26.35 Billion by 2029
Low Calorie Snacks Market Size
The anticipated expansion of the low-calorie snacks market is largely due to an increase in consumer knowledge and interest in health and wellness. Consumers are increasingly preferring low-calorie snack options as awareness of the importance of a healthy and fit lifestyle grows. Obesity, characterized by a higher body fat ratio, can be effectively managed with a low-calorie diet as it accelerates fat loss and sets the body in a catabolic state. For instance, the Organic Industry Survey by the Organic Trade Association revealed that organic food sales in the United States had increased to 61670 in 2022, a rise from 4.3% in 59149 in 2021. Moreover, the World Obesity Federation indicates that by 2030, 1 billion individuals around the world, including one-fifth of all women and one-seventh of all men, will be obese. This increased consumer awareness of health and fitness is thus providing a boost to the low-calorie snacks market.
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What growth opportunities are expected to drive the low calorie snacks market's CAGR through 2034?
In recent times, the market scale for low calorie snacks has swiftly expanded. It's forecasted to elevate from $12.74 billion in 2024 to $14.65 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.0%. The substantial growth over the past years can be traced back to factors like functional snacking, shifts in lifestyles, concerns about sustainability, snack customization, and educational initiatives.
The market for low-calorie snacks is anticipated to observe quick expansion in the coming years, with its value predicted to reach $26.35 billion in 2029, displaying a Compound Annual Growth Rate (CAGR) of 15.8%. Various factors contributing to the growth during the forecast period include the convenience of on-the-go consumption, a wide range of flavors, educational and awareness programs, changes in regulations, and the rising impact of social media. The forecast period is also expected to witness significant trends such as innovations in portion control and packaging, campaigns promoting education and awareness, changes in regulations, the rise in health applications and wearable tech, the impact of social media, customization in snacks, along with ethical and sustainable choices in production.
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What are the emerging trends shaping the future of the low calorie snacks market?
In the low-calorie snack market, a rising trend is product innovation. Market giants are centering their attention on new concepts such as low-fat, low-calorie, low sugar, and plant-based snack items in order to maintain their market position. For example, Mars Inc., an American food company, introduced low-calorie versions of their Mars, Snickers, Bounty, and Galaxy bars in 2022. These versions are made with over 75% of fruits and nuts to reduce the typically high-calorie count in these sugar-rich treats. Furthermore, these products comply with the forthcoming legislation around food and drink products with excessive fat, salt, or sugar (HFSS).
Which growth-oriented segments of the low calorie snacks market are leading the industry's development?
The low calorie snacks market covered in this report is segmented -
1) By Type: Sweet Snacks, Savory Snacks, Other Types
2) By Source: Plant-Based, Animal-Based, Marine, Other Sources
3) By Nature: Organic, Conventional
4) By Packaging: Bags, Boxes, Pouches, Cans, Jars, Other Packaging
5) By Distribution Channel: Supermarket Or Hypermarket, Specialty Stores, Other Online Stores
Subsegments:
1) By Sweet Snacks: Low-Calorie Cookies, Sugar-Free Candies, Fruit-Based Snacks, Yogurt-Based Snacks, Dark Chocolate Treats
2) By Savory Snacks: Baked Chips, Popcorn, Rice Cakes, Vegetable Chips, Seasoned Nuts
3) By Other Types: Protein Bars, Meal Replacement Shakes, Low-Calorie Spreads, Jerky (Low-Fat), Ready-To-Eat Low-Calorie Meals
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What regions are leading the charge in the low calorie snacks market?
North America was the largest region in the low-calorie snacks market in 2024. The regions covered in the low calorie snacks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the low calorie snacks market?
Major companies operating in the low calorie snacks market are Nestlé SA, Conagra Brands Inc., Tyson Foods Inc., Danone SA, PepsiCo Inc., General Mills Inc., Dole PLC, Calbee Inc., Mondelez International Inc., The Kraft Heinz Company, The Hain Celestial Group Inc., Medifast Inc., Bernard Food Industries Inc., Ingredion Incorporated, Warrell Corporation, Fiber One, Halo Top Creamery, Kind LLC, Amplify Snack Brands Inc., Popchips Inc., PopCorners, Quest Nutrition LLC, Rhythm Superfoods LLC, Sahale Snacks Inc., Simply 7 Snacks LLC, SimplyProtein LLC, The Skinny Cow, SkinnyPop Popcorn LLC, Smartfood Popcorn, Snikiddy LLC, SunButter LLC, The Better Chip LLC, The Good Bean Inc.
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What Is Covered In The Low Calorie Snacks Global Market Report?
• Market Size Forecast: Examine the low calorie snacks market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the low calorie snacks market for a structured understanding.
• Key Players Overview: Analyze major players in the low calorie snacks market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the low calorie snacks market.
• Segment Contributions: Evaluate how different segments drive overall growth in the low calorie snacks market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the low calorie snacks market.
• Industry Challenges: Identify potential risks and obstacles affecting the low calorie snacks market.
• Competitive Landscape: Review strategic developments in the low calorie snacks market, including expansions, agreements, and new product launches.
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