Growing awareness about health and wellness among individuals is a major factor driving healthy snacks market revenue growth
Vancouver, Nov. 21, 2023 (GLOBE NEWSWIRE) — The healthy snacks market the size is expected to reach $167.92 billion in 2032 and register a revenue CAGR of 6.4% during the forecast period, according to the latest analysis by Emergen Research. Increasing obesity rates among individuals is a major factor driving market revenue growth. According to the World Health Organization, more than a billion people, including 650 million adults, 340 million adolescents and 39 million children, suffer from obesity worldwide. Healthy snacks help individuals maintain their calorie intake more effectively. Healthy snacks often provide essential nutrients such as vitamins, minerals, fiber and protein without excessive calories and can satisfy hunger, thereby contributing to market revenue growth.
The increasing strategic initiatives taken by companies across the globe are another factor contributing to the market revenue growth. For example, on March 2, 2022, CLIF announced the launch of CLIF Thins, a crispy, crunchy variation of the original CLIF BAR designed for everyday snacking and ideal for busy families, commuters and people on the go. CLIF Thins are produced with plant-based ingredients, reinforcing CLIF’s commitment to using nutrients that nourish the body while promoting a healthy world. CLIF Thins are the ideal snack for people looking for delicious flavors and authentic ingredients, such as organic oatmeal, with 100 calories and 5 grams of sugar per package.
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However, healthy snacks, especially those made with organic ingredients, can be more expensive, which is a major factor limiting market revenue growth. Additionally, excessive consumption of snacks leads to increased calories, which is another factor limiting the market revenue growth.
Healthy Snacks Report Summary
Market size in 2022
Revenue forecast until 2032
167.92 billion USD
Base year for estimation
Revenue in billion USD and CAGR in % from 2023 to 2032
Revenue Forecast, Business Rankings, Competitive Landscape, Growth Factors and Trends
Product type, distribution channel, packaging, nutritional profile, food preference and region.
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope by country
United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of Latin America, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA
Key companies profiled
Kind, Mondelez International Group, General Mills, Insurgent Brands, LÄRABAR, NatureBox, Amplify Snack Brands, Enjoy Life, Justin’s, LLC, that’s it. Nutrition, Go Raw, Mary’s Gone Crackers, Inc., Peeled Snacks, Inc., Saffron Road, The Good Bean, Health Warrior, purelyelizabeth, Quinn Foods LLC, PopCorners, LESSEREVIL.
Scope of customization
10 hours of free customization and expert consultation
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Best Healthy Snack Companies and Competitive Landscape
The global healthy snacks market is fragmented and large and medium sized market players account for the majority of revenue. The major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing and introducing more effective products in the market. Some major players included in the market report are:
Mondelez International Group.
Amplify snack brands.
That’s it. Nutrition.
Mary left Crackers, Inc.
Peeled Snacks, Inc.
The good bean.
Quinn Foods LLC.
Healthy Snacks Latest Industry News
On May 26, 2023, Reliance Retail announced a collaboration with General Mills to sell Western snacks. Reliance launched General Mills’ global corn chip brand Alan’s Bugles in India as part of this cooperation.
On March 2, 2022, CLIF announced the launch of CLIF Thins, a crunchy, crunchy variation of the original CLIF BAR designed for everyday snacking and ideal for busy families, commuters and people on the go. CLIF Thins are produced with plant-based ingredients, reinforcing CLIF’s commitment to using nutrients that nourish the body while promoting a healthy world. CLIF Thins are the ideal snack for people looking for delicious flavors and authentic ingredients, such as organic oatmeal, with 100 calories and 5 grams of sugar per package.
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Some highlights of the report
The nut-based snacks segment accounted for a considerably large revenue share in 2022. Growing demand for nut-based snacks among individuals due to various health benefits as nuts are rich in essential vitamins and minerals such as vitamin E, magnesium, potassium and calcium. which constitutes a major factor in the revenue growth of this segment. A healthy diet that regularly contains nuts helps improve artery health, reduce inflammation associated with heart disease, reduce the risk of blood clots, which can lead to heart attacks and strokes, and reduce the risk of to develop high blood pressure. by dietitians for a healthy lifestyle, thereby contributing to the revenue growth of this segment.
The online retail segment accounted for a significantly large revenue share in 2022. This is attributed to factors such as no additional costs as products can be shipped directly from sellers. Consumers are turning to e-commerce sites to shop from a wide selection of options and enjoy great deals and discounts to avoid the hassle of physical shopping. E-commerce is changing the way people buy and sell alternative products. In terms of product accessibility, affordability, transportation modes and many other important elements, e-commerce websites have several advantages over other types of sales channels that contribute to the revenue growth of this segment.
The North America market accounted for the largest revenue share in 2022. Growing awareness about health and wellness among individuals in countries like the United States and Canada is a major factor driving revenue growth of the market in this region. The growing demand for convenience foods at home is another factor driving the market revenue growth in this region. Additionally, increasing strategic initiatives taken by companies are also contributing to the market revenue growth.
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For the purpose of this report, Emergen Research has segmented the global healthy snacks market based on product type, distribution channel, packaging, nutritional profile, dietary preferences, and region:
Bags and pouches
Low sugar snacks
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