ID: MRFR/F-B & N/1197-HCR | February 2021 | Region: Global | 110 pages
With growing trend of on the go eating consumption of snacks is subsequently increased in recent times. Eating snacks make big impact on health as they make large portion of diet. Snacking on junk food is leading to various health issues such as obesity, heart diseases, diabetes and other chronic diseases. Due to growing heath concern related to snacking consumers are now more inclined toward healthy eating habits which is bringing surge in demand for healthy snacks. Moreover, manufacturers are introducing variety of healthy products such as roasted snacks, gluten free, sugar free, whole grain products to attract consumers. This will support market growth of healthy snack during the forecast period
The global healthy snacks market has been segmented by product type, claim, packaging, distribution channel, and region.
Based on product type, the market has been segmented into sweet snacks, savory snacks, and others. The savory snacks segment is expected to dominate the market, owing to the wide product range and popularity of savory snacks among consumers. The segment is expected to grow at the highest rate.
Based on claim, the market has been segmented into gluten-free, low-fat, sugar-free, and others. The sugar-free segment is expected to dominate the market, owing to the high demand for healthier and low-calorie products. Based on packaging, the market has been segmented into jars, boxes, pouches, cans, others. The pouches segment holds the major market share, owing to the convenience and low manufacturing cost of pouches.
Based on the distribution channel, the market has been segmented into store based and non store based. The store based segment is further classified into supermarkets/hypermarkets, convenience store, and others. The store based segment is expected to dominate the global healthy snack market owing to the consumer awareness campaigns, product advertisements, and a strong customer base of supermarkets/hypermarkets and convenience stores.
Based on region, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World. The healthy snacks market in North America has further been segmented into the US, Canada, and Mexico. The European healthy snacks market has been classified into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The global healthy snack market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the Rest of Asia-Pacific. The Rest of the World comprises the Middle East, South America, and Africa.
General Mills Inc (US), Dole Food Company Inc (US), Sun-Maid (US), Bel Brands (US), Medifast, Inc (US), Mondelez International Inc (US), No Limit, LLC (US), L T Foods (India), and Danone (France) are some of the key players in the market.
Regional Market Summary
Global Healthy snacks Market Share (%), by Region, 2019
Source: Secondary Source, MRFR Analysis
North America is expected to hold a major share of the global healthy snack market owing to the presence of key players in the region and continuous product launches by them. The market in Europe is the second largest due to enhanced availability of products through conviniance channel and preferance for helathier food by consumer. Asia-Pacific is the fastest growing region due to technologial advancment in area of food processing in the region and changing food preferance of consumers. .
Global Healthy snacks Market, by Product Type
Global Healthy snacks Market, by claim
Global Healthy snacks Market, by Packaging
Global Healthy snacks Market, by Distribution Channel
Global Healthy snacks Market, by Region
|Market Size||Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Claim, Packaging, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||General Mills Inc (US), Dole Food Company Inc (US), Sun-Maid (US), Bel Brands (US), Medifast, Inc (US), Mondelez International Inc (US), No Limit, LLC (US), L T Foods (India), and Danone (France)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Based on product type, the savory snacks segment, based on claim, the sugar-free segment, and based on packaging, the pouches segment, and based on the distribution channel, the store based segment, holds majority shares in the Global Healthy Snack Market.
Growing inclination among consumers toward healthy eating habits, availability of varieties of healthy products, continual product development & innovations, and product awareness campaign initiated by the manufacturers, are major tailwinds pushing the growth of the Global Healthy Snack Market.
North America holds the largest share in the Global Healthy Snack Market, followed by Europe and the Asia Pacific, respectively.
General Mills Inc. (US), Danone (France), Sun-Maid (US), L T Foods (India), Dole Food Company Inc. (US), No Limit, LLC (US), Bel Brands (US), Medifast, Inc. (US), and Mondelez International Inc. (US), are some of the top players operating in the Global Healthy Snack Market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global healthy snack market adopt to gain a larger competitive advantage.