Market -Overview
Healthy Snacks Market Size is relied on to reach USD 35.42 Billion by 2027 at a pace of 5.80% in the estimated period 2020 to 2027.
Snacks have been usually cited as key factors for obesity and cardiac ailments. Thus, end-users are choosing healthier options that don’t hurt their long-term health. This aspect is foreseen to create impetus in the healthy snacks market share in the future. The introduction of snack options such as gluten-free, sugar-free, and roasted snacks are anticipated to benefit the global healthy snacks market expansion.
Segmental Analysis
The segmental examination of the healthy snacks market has been carried out based on distribution channel, claim, product type, packaging, and region. Based on the claim, the healthy snacks market has been segmented into low-fat, sugar-free, gluten-free, and others. The distribution channel-based segmentation of the healthy snacks market has been split into store-based and non-store-based. Based on the region, the healthy snacks market has been segmented into Europe, North America, Asia Pacific, and other promising regions. Based on product type, the healthy snacks market has been segmented into savory snacks, sweet snacks, and others.
Detailed Regional Analysis
The regional review of the healthy snacks market includes regions such as Europe, North America, Asia Pacific, and other promising regions. The North American healthy snacks market is projected to control a key portion of the healthy snack market due to the incidence of significant players in the region and constant product promotions by them. The healthy snacks market in the region of Europe is the next principal owing to the heightened accessibility to products through convenience channels and preference for healthier food options by the consumer base. The Asia Pacific healthy snacks market is the fastest increasing region due to technological development in the zone of food processing in the region and altering the food preference of the consumers in the coming period.
Competitive Analysis
The end-users in the market are estimated to show variety in terms of preference in the coming period. The decrease in supply chain bottlenecks is appraised as a primary objective that challengers in the market are assessed to tackle urgently in the forecast period. The prerequisite for sustainability in the market is projected to be formed by renewing the open cash movements. The market is estimated to open up to new and lucrative opportunities for expansion in the forecast period. The contenders for the majority share are predicted to transform the market backdrop considerably in the forecast period. The government bodies of several countries are likely to play a central role in the revitalization of the global market, post the deceleration seen in the aftermath of the pandemic. The markets are estimated to conduct more of their business dealings online than in brick-and-mortar stores.
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The noteworthy companies in the healthy snacks market are Dole Food Company Inc. (US), Bel Brands (US), Medifast, Inc. (the US), Sun-Maid (US), Mondelez International Inc. (US), General Mills Inc. (US), No Limit, LLC (US), L T Foods (India), and Danone (France).
Industry Updates:
Sep 2020 Mondelēz has recently hinted at plans to obtain several healthy snack brands in the next five years. Customers are becoming more health-conscious, and administrations are advising action on obesity. The US-based business saw a slump all through lockdown as individuals required comfort foods such as biscuits and chocolate, while its sweets and gum brands that are usually bought ‘on the go’ saw a drop.
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