Newark, July 25, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 92.4 billion in 2022 Healthy Snack Market will reach USD 178.3 billion by 2032. The market for healthy snacks has been gradually expanding over the past few decades as more individuals embrace better lives and look for quick, wholesome snack choices. Consumers are actively looking for snacks that provide health advantages without sacrificing flavor as they become more aware of the need of eating a balanced diet. Snacks with clean labels, or those with visible and simple ingredient listings, are more popular with consumers. Snacks made with natural and organic ingredients that lack chemicals, preservatives, and artificial tastes are becoming more and more popular.
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Key Insight of the Healthy Snack Market
Asia Pacific is anticipated to expand at the fastest CAGR of 7.4% over the projection period.
Asia Pacific is expected to grow at the fastest CAGR of 7.4% over the forecast period. Prebiotics and probiotics are two examples of products with benefits for the gut and immunity that are becoming more popular in Asia. In recent years, several producers have adopted the strategy of using functional components in their snacks, including macronutrients and antioxidants, in order to provide healthy snacks. Additionally, many businesses are stressing clean labeling and product flavor as a strategy to draw customers. Throughout the projected period, this is anticipated to fuel the market.
In the healthy snack market, the savory segment is anticipated to expand at the highest CAGR of 7.2% over the projection period.
The savory segment is anticipated to expand at the highest CAGR of 7.2% over the projection period. As customers search for savory, tasty substitutes for conventional snacks, the savory segment of the market for healthy snacks is growing. Various savory snacks are available that satisfy demands for salty, savory tastes while still being healthy. Protein-rich snacks are a desirable choice for health-conscious customers since it is a crucial ingredient for satisfaction and muscle repair. People looking for snacks that make them feel filled for longer may like salty snacks that are an outstanding source of proteins, such as roasted nuts, and seeds.
In the healthy snack market, the online segment is anticipated to expand at the highest CAGR of 7.6% over the projection period.
The online segment is anticipated to expand at the highest CAGR of 7.6% over the projection period. The market for healthy snacks has seen significant recent expansion in the online market. Consumers now find, buy, and eat snacks in whole new ways because of the growth of online shopping and direct-to-consumer business models. Healthy snack manufacturers have the chance to reach a larger audience outside of their local markets thanks to online platforms. Online sales provide businesses the opportunity to reach clients who would not have easy access to their items in conventional brick-and-mortar stores due to the flexibility to send goods across the country or even globally.
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Market Dynamics
Driver
The market for healthy snacks has experienced a rise in creativity as businesses create new and intriguing snack alternatives that are both delicious and nutritious. This includes innovative taste combinations and snack forms, as well as snacks prepared with alternative components including protein from plants, ancient grains, and superfoods. The need for snacks that accommodate various dietary choices has increased as more individuals choose specialized diets including veganism, vegetarianism, gluten-free eating, and dairy-free eating. People seeking acceptable solutions choose healthy snacks that adhere to particular nutritional needs.
Opportunity
There is a growing market for plant-based snack alternatives due to the popularity of flexitarian and plant-based diets. Businesses may experiment with using plant-based products like nuts, seeds, legumes, and vegetables to create savory and nourishing snacks that appeal to those looking for other forms of protein.
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Some of the major players operating in the healthy snack market are:
• B&G Foods
• Del Monte Foods, Inc.
• Dole Packaged Foods, LLC.
• Hormel Foods Corporation
• Monsoon Harvest
• Select Harvests
• Nestlé
• The Kellogg Company
• Unilever
• Danone
• PepsiCo
• MondelÄ“z International
Key Segments cover in the market:
By Product
• Fruit
• Savory
• Confectionery
• Dairy
• Frozen & Refrigerated
• Bakery
• Others
By Distribution Channel
• Supermarkets/hypermarkets
• Convenience Stores
• Online
• Others
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About the report:
The market is analyzed based on value (USD Million). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.
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