Global Healthy Snacks Market – Industry Trends and Forecast to 2029

Global Healthy Snacks Market By Product (Dried Fruit, Cereal and Granola Bars, Nuts and Seeds, Meat, Trail Mix), Claim (Gluten-free, Low-Fat, Sugar-Free and Others), Distribution Channel (Hypermarket and Supermarket, Food Speciality Stores, Convenience Stores, Online, Others), Packaging (Jars, Boxes, Pouches, Cans and Others) – Industry Trends and Forecast to 2029.

Healthy Snacks Market Analysis and Size

The healthy snack market has expanded dramatically in recent years, particularly since the global pandemic. As customers become more health-conscious, the demand for nutritious yet delectable products has increased. Furthermore, the growing development of the product supply chain is propelling market growth. To expand their operations to include e-commerce channels, major supermarket chains are now collaborating with third-party online delivery companies.

Data Bridge Market Research analyses that the healthy snacks market was valued at USD 33.3 billion in 2021 and is expected to reach the value of USD 53.08 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Market Definition

Snacks are small portions of food or beverages consumed in between meals. Healthy snacks are sacks with low sodium, no added sugar, vitamins, nutrients, and a low saturated fat content. Healthy snacks are high in fibre and protein, which helps keep you going throughout the day. Examples of healthy snacks include boiled eggs, whole grains, seeds, nuts, vegetables, fruits, low fat dairy products.

Healthy Snacks Market Scope and Segmentation

Healthy Snacks Market Dynamics

Drivers

• Growing demand for on-the-go snack consumption

The rise in on-the-go snack consumption is fuelling the global healthy snacks market's positive growth. Growing consumer awareness of the health risks associated with junk food consumption, such as heart disease, diabetes, and other chronic diseases, is expected to drive global demand for healthy snacks. A rise in customer preference for healthy eating habits and a healthy lifestyle is one of the key trends in the global healthy snacks market. Healthy snacks are becoming a larger part of people's diets worldwide, propelling the global healthy snacks market forward.

• Increasing per capita earnings of customers, modernization and a wider base of employed people

Increasing per capita earnings of customers as a result of modernization and a wider base of employed people is one of the most important stimulating substances for market development. People in their mid-thirties to mid-forties have increased their spending on healthy snacks. Increasing funds for developing inventive class offerings and the inventiveness begun by the most important companies for product branding are expected to deliver an up word push to the market.

As a result of alertness movements promoted by companies, governments, and non-governmental organisations, consumer fitness awareness is expected to inspire demand for healthy snacks in the coming years.

Opportunity

With a shift in customer personal conduct standards, healthy snacks may emerge as an alternative to undeniable suppers. The essence of snacks is changing as empowered customers increasingly seek delectable, nourishing, and cost-effective food alternatives to fuel their hectic lifestyles. Eating is on the rise as the desire for convenience and portability drives increased utilisation, with premiumization driving development and assortment in new, better-for-you, and Healthy Snacks. A constraint is enabling the use of intense and fiery flavours and extraordinary fixings to speak to global palates, driving development in provincial business sectors. Comfort is also driving online sales of ready-to-eat snacks, with healthy snack varieties being one of the most popular food classes purchased through the online channel. ?

Restraints

The high cost of healthy snacks in comparison to other snacks is a significant restraint in this market. Furthermore, strict unofficial laws governing the production of sound snacks and the significant costs associated with them would somewhat limit the market's growth.

This healthy snacks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthy snacks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Healthy Snacks Market

The spread of the COVID virus has increased demand for healthy snacks, as people have become more conscious of the importance of eating nutritious foods. Increased use of internet channels to bulk purchase goods and snack alternatives is expected to boost healthy snack demand during pandemic-induced lockdowns. Improved supply chain movement is expected to support the future healthy snack market's growth.

Recent Development

• Abbott introduced Curate Kids, a snack designed to provide proper nutrition to children, in May 2019. These Curate Kids bars are non-GMO, gluten-free, and free of artificial preservatives, flavours, and colours. The bars contain 4 grammes of protein and 2 grammes of fibre and come in a variety of flavours. The Kraft Heinz Company expanded its popular P3 protein snack product line with the introduction of Nut Clusters and Grill Snackers in July 2020.

Global Healthy Snacks Market Scope

The healthy snacks market is segmented on the basis of product, claim, distribution channel and packaging. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Dried Fruit
• Cereal and Granola Bars
• Nuts and Seeds
• Meat
• Trail Mix

Claim

• Gluten-free
• Low-Fat
• Sugar-Free
• Others

Packaging

• Jars
• Boxes
• Pouches
• Cans
• Others

Distribution channel

• Supermarkets
• Hypermarkets
• Convenience stores
• Online Retail stores
• Online

Healthy Snacks Market Regional Analysis/Insights

The healthy snacks market is analysed and market size insights and trends are provided by country, product, claim, distribution channel and packaging as referenced above.

The countries covered in the healthy snacks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to be one of the most noticeable provincial markets for healthy snacks. Customers' changing habits, such as snacking between fixed mealtimes or snacking in place of meals, as well as an increase in inclination for healthy alternatives, are expected to increase demand for the product in the area. For the duration of the forecast, Asia-Pacific is expected to be the most enticing destination in the international arena. The province's growing demand for the product can be attributed to modernization and the growing need for snacking options in developing countries such as India and China.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Healthy Snacks Market Share Analysis

The healthy snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthy snacks market.

Some of the major players operating in the healthy snacks market are:

• I.T.C. Limited (India)
• Kambly SA (Switzerland)
• Mondelez International (US)
• PepsiCo (U.S.)
• The Kraft Heinz Company (U.S.)
• Annie's Homegrown, Inc. (U.S.)
• Parle Products Pvt. Ltd. (India)
• Patanjali Ayurved (India)
• Britannia (India)
• Kellogg Co (U.S.)
• pladis global (U.K.)
• Walkers Shortbread Ltd (U.K.)
• Lotus Bakeries NV (Belgium)
• Nestle SA (Switzerland)
• Burton’s Foods Ltd. (U.K.)