Global Low Calorie Snacks Market, By Source (Plant-Based, Animal-Based, Marine, Others), Nature (Organic, Conventional), Packaging (Bags, Boxes, Pouches, Cans, Jars, Others), Product Type (Sweet Snacks, Savory Snacks, Others), Sales Channel (B2B (Direct Sales), B2C (Indirect Sales)) – Industry Trends and Forecast to 2030.
Low Calorie Snacks Market Analysis and Size
Nowadays, people have become more aware about the importance of eating healthy food. Consumers have even changed their lifestyles to keep in shape and embraced special diet plans to address health problems. The consumption of low calorie snack products is one of the important developments associated with the ongoing trend. Low calorie snacks are becoming more popular among consumers because they don't include any type of additives. These food products have less calories that are beneficial to maintain a healthy weight during the forecast period.
Data Bridge Market Research analyses that the low calorie snacks market was valued at USD 9588.00 million in 2022 and is expected to reach USD 25130.48 million by 2030, registering a CAGR of 12.80% during the forecast period of 2023 to 2030. 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..
Low Calorie Snacks Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Plant-Based, Animal-Based, Marine, Others), Nature (Organic, Conventional), Packaging (Bags, Boxes, Pouches, Cans, Jars, Others), Product Type (Sweet Snacks, Savory Snacks, Others), Sales Channel (B2B (Direct Sales), B2C (Indirect Sales))
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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General Mills Inc. (U.S.), Conagra Brands, Inc. (U.S.), Cargill, Incorporated (U.S.), Eat Natural (U.K.), Maple Leaf Foods (Canada), Quorn (U.K.), Oumph! (U.K.), Upton’s Natural (U.S.), Hilary's - Drink Eat Well, LLC (U.S.), ZELLE ORGANIC (U.S.), Siren Snacks (U.S.), Green Park Brands (U.K.), PRIMAL SPIRIT FOODS INC. (U.S.), LOUISVILLE VEGAN JERKY COMPANY (U.S.), Nestle S.A. (Switzerland), Unilever (U.K.), Outstanding Foods, Inc. (U.S.), Vegan Rob’s (U.S.), Blue Diamond Growers (U.S.), Nutrifusion L.L.C (U.S.), Freeland Foods (U.S.), Greenleaf Foods SPC (U.S.), Danone S.A. (Switzerland)
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Market Opportunities
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Market Definition
Low calorie snacks are also spelled as kefier or kephir, a fermented milk drink similar to a thin yogurt made from low calorie snacks grains. Low calorie snacks grain is a specific type of mesophilic symbiotic culture. People make it by adding yeast and bacteria cultures to milk. This enables them to multiply and creating a fermented drink. Low calorie snacks has a tangy and tart flavor and a constancy similar to drinkable yogurt.
Low Calorie Snacks Market Dynamics
Drivers
- Rising health consciousness
Increasing cases of obesity and many other diseases associated with obesity all over the globe is anticipated to drive the growth of the low calorie snacks market. As per the estimates of World Health Organization, more than 1.9 billion adults were overweight of these over 650 million were obese in 2016. Furthermore, around 38 million children under the age of 5 year were obese or overweight in 2019 globally. Thus, increasing cases of obesity is a major factor which is augmenting the market growth around the globe over the forecast period.
- Rising popularity of sweet snacks among consumers
The demand for the sweet snack is growing rapidly among consumers during the forecast period. The industry is advancing their products owing to consumers' increasing taste for sweet treats such as ice cream, cakes, pastries and muffins. Furthermore, the market is intended to increase their business owing to the availability of several healthy options with low-calorie, cholesterol-free and fat-free, goods.
Opportunities
- Increasing consumer willingness towards eco-friendly and premium products
The per capita income has dramatically increased in developing economies during the past few years. The per capita income of china increased by 0.3% in 2019 compared to 2018. India's personal disposable income increased by around 9.4% in 2017 compared to 2016. As consumers have more purchasing power, they are more probably to purchase environmentally friendly and high-end and products such as low calorie meals owing to the increased global awareness of fitness and increasing disposable incomes. Moreover, advantages of corporate wellness programs and beneficial government laws open up numerous opportunities for the growth of the low calorie snacks market globally.
Restraints/ Challenges
- Issues associated with low calorie snacks
Taste is a major factor that decreases the consumption of low calorie snacks. Furthermore, the high cost of low calorie snacks is also anticipated to hinder the market growth in the forecast period. Ready-to-eat to have few potential health threats that areand processed food claims to have few potential health threats that will likely obstruct market growth over the forecast period. Also, the presence of artificial preservatives in low calorie snacks is anticipated to act as a major challenge for the market.
This low calorie 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 low calorie 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent development
- In 2022, Archer Daniels Midland and PepsiCo Company has announced a ground-breaking 7.5-year strategic commercial contract to work together on initiatives that will substantially rise the usage of regenerative agriculture in all over North American supply chains. This strategic alliance is expected to cover around 2 million acres by 2030.
- In 2022, Archer Daniels Midland Company and New Culturr which is a pioneer in animal-free dairy, have joined forces. This collaboration demonstrates both businesses' to making food production more sustainable in upcoming period.
Global Low Calorie Snacks Market Scope
The low calorie snacks market is segmented on the basis of form, category, product type, distribution channel, type, material, flavor and application. 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.
Source
- Plant-Based
- Animal-Based
- Marine
- Others
Nature
- Organic
- Conventional
Packaging
- Bags
- Boxes
- Pouches
- Cans
- Jars
- Others
Product Type
- Sweet Snacks
- Savory Snacks
- Others
Sales Channel
- B2B (Direct Sales)
- B2C (Indirect Sales)
Low Calorie Snacks Market Regional Analysis/Insights
The low calorie snacks market is analyzed and market size insights and trends are provided by country source, nature, packaging, product type and sales channel as referenced above.
The countries covered in the low calorie snacks market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the low calorie snacks market in terms of revenue and market share. This is mainly owing to the growing adoption of product which aids in maintaining cholesterol, blood sugar and blood sugar in this region. Moreover, growing prevalence of health conscious among people will expected to enhance the market growth.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to growth and expansion of food and beverages industry in this region.
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 Low Calorie Snacks Market Share Analysis
The low calorie 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 low calorie snacks market.
Some of the major players operating in the low calorie snacks market are:
- General Mills Inc. (U.S.)
- Conagra Brands, Inc. (U.S.)
- Cargill, Incorporated (U.S.)
- Eat Natural (U.K.)
- Maple Leaf Foods (Canada)
- Quorn (U.K.)
- Oumph! (U.K.)
- Upton’s Natural (U.S.)
- Hilary's - Drink Eat Well, LLC (U.S.)
- ZELLE ORGANIC (U.S.)
- Siren Snacks (U.S.)
- Green Park Brands (U.K.)
- PRIMAL SPIRIT FOODS INC. (U.S.)
- LOUISVILLE VEGAN JERKY COMPANY (U.S.)
- Nestle S.A. (Switzerland)
- Unilever (U.K.)
- Outstanding Foods, Inc. (U.S.)
- Vegan Rob’s (U.S.)
- Blue Diamond Growers (U.S.)
- Nutrifusion L.L.C (U.S.)
- Freeland Foods (U.S.)
- Greenleaf Foods SPC (U.S.)
- Danone S.A. (Switzerland)
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