Healthy Snacks Market to Grow with a CAGR of 6.42% through 2028

Growing awareness of health and wellness and an increasing focus on lifestyle-related ailments have led to a surge in consumer interest in healthier snack market in the forecast period 2024-2028.

According to the TechSci Research report, “Global Healthy Snacks Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Healthy Snacks market is experiencing a transformative evolution driven by the ongoing changes in consumption patterns and the preference for healthier food choices, the snacking sector has gradually grown. Today's consumers are looking for ready-to-eat, inexpensive, and indulgent snack options that will help them satisfy their daily nutritional requirements. Both in developed and developing countries, the food business is transforming quickly to keep up with consumers' shifting tastes. Additionally, growing public awareness of obesity and its negative impacts, including diabetes, cardiovascular illnesses, and other conditions, has encouraged individuals all over the world to adopt healthier eating practises that are delicious and high in nutritional value.

The product's widespread availability on e-commerce platforms, which makes food accessible to consumers even in distant places, is another important element boosting growth in the market for healthy snacks. On third-party online marketplaces like Amazon, several worldwide brands are selling their selection of healthy snacks. It's safe to predict that rising demand for healthier foods and rising disposable income will broaden the business's potential in the years to come.

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During the coronavirus outbreak, the demand for and sales of snacks fell sharply. Panic buying of food supplies during the initial phases of the lockdown resulted in a quick increase in the selling of ready-to-eat food through retail distribution channels. Although later on the practice of purchasing ingredients from grocery shops and preparing meals at home emerged as a response of growing worries about the hygienic and safety of processed foods. The snack industry is severely impacted by the dramatic decline in the consumption of processed and packaged foods. But as more individuals become aware of the necessity to eat low-fat, high-protein snacks to keep the body's immune system strong so that it can battle deadly diseases.

Healthy savory snacks is projected to lead the product segment due to a considerably high working population worldwide and the need for on-the-go options that are high in nutrition value along with being tasty. Today, people are looking for a healthy meal replacement that helps them stay fit, save time, and is low in calories.

The global healthy snacks market is segmented based on product, packaging, sales channel, and region.

Based on the product, savory snacks have witnessed the highest demand owing to high demand from the working-class population and people with busy schedules as these snacks have emerged as a dinner replacement alternative. Healthy savory snacks help people satiate their appetite along with helping them meet their nutritional needs. Many food companies offer healthy varieties like natural baked chips, low in salt, non-GMO, multigrain, and many other choices.

Based on distribution channel, the segment was dominated by supermarkets and hypermarkets when it came to distribution channels. This is partly due to the fact that these stores are everywhere and offer a wide selection of nutritious food options. To provide customers with upscale global snacking options, numerous international brands from developed nations like the U.S. and Europe are expanding their chains in developing countries like India.

In regional segment, the market for healthy snacks in North America held the biggest market share thanks to consumers' strong spending power and rising awareness of obesity and the importance of eating a balanced diet. The United States also consumes a lot of snacks, but the prevalence of diabetes, cardiovascular disease, and obesity has prompted individuals to move to healthier snacking options.

Key market players operating in the global Healthy Snacks market include:

• Nestlé
• The Kellogg Company
• Unilever
• Danone
• PepsiCo
• Mondelēz International
• Hormel Foods Corporation
• Dole Packaged Foods, LLC.
• Del Monte Foods, Inc.
• Select Harvests  

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“The global healthy snacks market has witnessed remarkable growth over the past decade, fueled by increasing consumer awareness about the importance of nutrition and wellness. The growth of e-commerce has provided consumers with greater access to a diverse range of healthy snacks. Online marketplaces offer convenience, variety, and the ability to explore new products from around the world. The influence of social media platforms and health-focused influencers has played a role in shaping consumer perceptions and preferences. Thus, these abovementioned factors are driving the healthy snacks market during the forecasted period” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Healthy Snacks Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F By Product (Frozen & Refrigerated, Fruit, Bakery, Savory, Confectionery, Dairy, Others), By Packaging (Bags & Pouches, Boxes, Cans, Jars, Others), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of the global healthy snacks market globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the market of healthy snacks globally.

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