Research Nester has released a report titled “Healthy Snacks Market- Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the healthy snacks market in terms of market segmentation by product type, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global healthy snacks market is segmented by distribution channel into hypermarkets, supermarkets, specialty stores, online stores and convenience stores, out of which, online stores segment is anticipated to hold the largest market share on account of consumer preferences for online shopping along with the increasing numbers of individuals using the internet. In the statistics by United Nations Conference on Trade and Development (UNCTAD), online shoppers peaked globally to 1342 million from 1078 million in-between 2015-17. Furthermore, in the statistics by The World Bank, individuals using the internet in USA peaked to 87.27% of global population from 71.40% of global population in-between 2013-17.
The global healthy snacks market is anticipated to record a CAGR of around 5.21% during the forecast period, 2019-2027. Growing concerns for health diseases owing to unhealthy food habits and bad lifestyle amongst the population is raising consumer’s focus towards health foods. Such a factor is anticipated to promote the growth of the global healthy snacks market. In the statistics by the World Health Organization (WHO), since 1975, the world has observed a tripled amount of growth for obesity. Among these, 1.9 billion adults reported to be overweight, of which, 650 million were obese. Moreover, in the statistics report “National Diabetes Statistics Report (2017)” of the Centers for Disease Control and Prevention (CDC), U.S. Department of Health & Human Services, 9.4% of the U.S. population (30.3 million people) were recorded to have diabetes. Furthermore, in another statistics by the WHO, it was estimated that in the year 2016, around 1.6 million deaths were caused directly by diabetes.
Regionally, the global healthy snacks market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is expected to have largest market share on account of large consumer preferences for healthy snacks as an alternative for regular meals, coupled with availability of snacks in attractive packaging, forms, flavors and discounts of products provided by snacks manufacturers, which is also raising the interests amongst consumers for greater consumption of healthy snacks.
Rising Awareness for Consumption of Healthy Foods
Consumer preferences for food products that are tasty, healthy and have low or no side-effects, for instance, on-the-go breakfast cereals, dry yogurt, liquid breakfast products, probiotics dietary supplements, nutrition for infants, and others is observed owing to rising concerns for health diseases worldwide. Moreover, many government organizations around the globe are educating consumers about the rising health issues worldwide. All of these factors together are contributing towards the greater consumer preferences for healthy foods, which is anticipated to drive the growth of the global healthy snacks market. In another statistics by the WHO, the WHO Member States have agreed to promote the global population in regards to the reduction in the intake of salt by 30% by 2025. Moreover, the united body also agreed to stop the rise in diabetes, obesity in adults, adolescents and overweight in children by the target year 2025.
However, concerns for volatile price of raw materials, which might impact the end product cost and the strict regulatory norms, that might affect the sales of the products, are some of the factors considered to operate as key restraint to the growth of the global healthy snacks market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global healthy snacks market, which includes company profiling of Nestle (SWX: NESN), PepsiCo, Inc. (NASDAQ: PEP), Kellogg NA Co., Tyson Foods, Inc. (NYSE: TSN), General Mills Inc. (NYSE: GIS), Mondelez International (NASDAQ: MDLZ), Kind LLC, B & G Foods, Inc. (NYSE: BGS), Calbee, Inc. (TYO: 2229), and Select Harvests Limited (ASX: SHV). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global healthy snacks market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.