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.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/healthy-snack-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.
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/healthy-snack-market/request/rs1
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
Healthy Snacks
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Thailand
- Malaysia
- Vietnam
- Singapore
- Philippines
- Cambodia
- Myanmar
- Brunei
- Laos
- Central & South America
- Brazil
- Middle East & Africa
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, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment