9-July-2019: The global healthy snacks
market size is expected to reach USD 32.88 billion by
2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 5.2% during the forecast period. Increasing awareness regarding health
and wellness benefits offered by the product among consumers is likely to be a
key trend driving the market.
The consumption of
healthy snacks is growing on account of their ability to meet various dietary
requirements such as sugar-free, low salt content, and low cholesterol levels.
However, high cost of production due to volatile prices of raw materials is expected
to negatively influence the growth of the market over the forecast period.
Growing purchasing
power parity, which has increased immensely in the past few years, is
anticipated to fuel the demand for meat snacks in the upcoming years. This
factor, in turn, is projected to boost the growth of the market during the
forecast period.
Europe is the
leading regional market in the healthy snacks market. A wide base of youth
population in the region along with high spending power of the populace is
stoking the growth of the regional market. Healthy snacks provide grab-and-go
option coupled with convenience to meet the needs of customers.
In
depth research report on Healthy Snacks Market
Further key findings from the report suggest:
·
In terms of revenue, the meat snacks segment is projected to
expand at a CAGR of 5.4% over the forecast period
·
Cereal & granola bars dominated the healthy snacks market
with a global revenue share of over 36.0% in 2018
·
Companies in Europe are focusing on increasing sales of
healthy snacks by attracting more customers with innovative and eye-catching
products
·
Rising consumption of dried fruit snacks by customers due to
changing lifestyles is likely to fuel growth over the next seven years
·
Market players are focusing on developing healthy snacks in
compliance with stringent USFDA and EU standards, especially in North America
and Europe
·
Emerging economies such as India, China, Brazil, Indonesia,
and Malaysia are witnessing a paradigm shift in consumer buying behavior due to
rising national income and its benefits on disposable income of households
·
Major industry players aim to achieve optimum market growth
and strengthen their presence through various market expansion strategies such
as new product development, joint-ventures, and acquisitions
·
Some of the key companies present in the industry are Nestlé
S.A.; PepsiCo, Inc.; The Kellogg Company; Tyson Foods, Inc.; General Mills,
Inc.; Mondelēz International; Hormel Foods Corporation; Kind LLC; and Select
Harvests.
Grand View Research
has segmented the global healthy snacks market on the basis of product and
region:
Healthy Snacks Product Outlook (Revenue, USD Million, 2014 -
2025)
·
Cereal & Granola Bars
·
Nuts & Seeds Snacks
·
Meat Snacks
·
Dried Fruit
·
Trail Mix Snacks
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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