Global Healthy Snacks Market - Industry Trends and Forecast to 2030

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, Others), Distribution Channel (Hypermarket and Supermarket, Food Speciality Stores, Convenience Stores, Online, Others), Packaging (Jars, Boxes, Pouches, Cans, Others) - Industry Trends and Forecast to 2030.

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 analyzes that the healthy snacks market which was USD 89.87 billion in 2022, is expected to reach USD 114.91 billion by 2030, and is expected to undergo a CAGR of 3.12% during the forecast period of 2023 to 2030. “Nuts and seeds” dominate the product segment of the healthy snacks market because they are high in protein, fiber, and antioxidants, and they give sustained energy. The increasing popularity of plant-based and vegan diets will drive up demand for nut and seed-based products.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

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.

Global 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

Healthy snacks may emerge as an alternative to unmistakable suppers

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.

Restraint/Challenge

• The high cost of healthy snacks in comparison to other snacks

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, the impact of domestic and localized market players, analyzes 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 make an informed market decision to achieve market growth.

Recent Development

• In May 2022, NatureBox, a provider of nutritious snacks, has been bought by HUNGRY, a comprehensive food and events platform for corporate America. This purchase improves HUNGRY's better-for-you offerings and strengthens its position in the corporate food-tech market
• In March 2022, CLIF Thins, a crispy and crunchy variant of the original CLIF BAR, broadened the company's snack category. CLIF Thins are made with only plant-based components. Each pack has 100 calories and 5 grams of sugar, making it an excellent choice for individuals looking for tasty snacks made with natural ingredients such as organic rolled oats
• In February 2022, DaburIndia, a well-known Natural Health Care and Ayurvedic Company, has expanded its Réal range with the addition of a line of nutritious snacks in the superfoods seeds category. The roasted pumpkin seeds and chia seeds assortment is presently available for purchase online through major eCommerce platforms

Global Healthy Snacks Market Scope

The healthy snacks market is segmented on the basis of product, claim, packaging, and distribution channel. 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

Global Healthy Snacks Market Regional Analysis/Insights

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

The countries covered in the healthy snacks market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, rest of Middle East and Africa

North America is expected to dominate the market 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.

Asia-Pacific is expected to witness the fastest growth during the forecast period of 2023-2024. The regions' 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 regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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, the 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 competitors. 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 the healthy snacks market.

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

• I.T.C. Limited (India)
• Kambly SA (Switzerland)
• vMondelez International (U.S.)
• 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.)