Global Healthy Snacks Market Report and Forecast 2024-2032

Global Healthy Snacks Market Outlook

The global healthy snacks market size is expected to grow at a CAGR of 6.7% in the forecast period of 2024-2032, reaching a value of USD 169.94 billion by 2032. The market is being driven by increasing health consciousness and improved accessibility of various healthy snacks.

Key Trends in the Market

Healthy snacks refer to food and beverages that are eaten in-between main meals and contain healthy ingredients such as fiber, protein, and healthy fats, among others. In addition, healthy snacks typically have minimal sodium levels, low saturated fats, and no added sugar which helps to sustain energy throughout the day.

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• There is a growing concern among people worldwide regarding maintaining health and avoiding complications such as heart diseases, diabetes, and other chronic conditions. Rising awareness of harmful effects of unhealthy snacks is expected to fuel the demand for the healthy snacks market all across the globe.

• Introduction and easy availability of a wide range of healthy snacks such as gluten-free snacks, whole-grain products, roasted snacks, and sugar-free snacks is bolstering the market for healthy snacks. With various options of healthy snacks available, more consumers are switching to healthier versions of their preferred snacks.

• Rising disposable incomes and increasingly hectic lifestyles led by people worldwide are resulting in a heightened demand for snacks to provide energy between meals. The greater spending capacity of consumers is increasing the sales of healthy snacks, augmenting the healthy snacks market.

Market Analysis

Based on type, the market is divided into nuts, seeds, and trail mixes, dried fruit snacks, cereals and granola bars, and meat snacks, among others. On the basis of distribution channels, the market is categorised into supermarkets and hypermarkets, convenience stores, specialty stores, and online. The regional markets for healthy snacks are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the healthy snacks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• General Mills, Inc.

• Nestlé S.A.

• Unilever PLC

• Tyson Foods, Inc

• Del Monte Foods, Inc

• Others

Market Share by Type

Nuts, seeds and trail mixes accounted for a sizable share of the healthy snacks market owing to their ability to provide long-lasting energy and antioxidant properties. They are also rich in protein and fibre which are considered useful in improving immune health, muscle growth and tissue repair. Increasing intake of nuts, seeds, and trail mixes by the working individuals help these individuals enhance their feeling of fullness after or during a tiring day.

Market Share by Region

North America is anticipated to hold a significant share of the healthy snacks market in the forecast period owing to the rising number of health-conscious population and people with busy lifestyles and demanding schedules. The growing demand for ready-to-eat functional and nutritional food products has boosted the demand for healthy snacks in North America, resulting in the rapid growth of the market. Key players are investing in producing different types of healthy snacks to cater to the increasing demands of consumers, contributing largely to the growth of the overall market for healthy snacks.

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Competitive Landscape

General Mills, Inc. was founded in 1928 and is headquartered in Minnesota, United States. It is a food processing company that manufactures and markets branded processed consumer food products which are sold through retail stores.

Unilever PLC is a personal care product company that was founded in 1929. Headquartered in London in the United Kingdom, the products of the company include bottled water, food, soft drink, instant coffee, condiments, baby food, and ice cream, among others.

Tyson Foods Inc. was established in 1935 and has its headquarters located in Arkansas, United States. A food processing company, Tyson Foods processes and markets high quality food products including chicken, pork, and beef.

Other market players include Nestlé S.A., and Del Monte Foods, Inc, among others.

Key Highlights of the Report