San Francisco, 3 October 2018: The global healthy snack market is expected to reach USD 32.8 billion
by 2025, according to a new report by Grand View Research, Inc. Rising
awareness about healthy snacking habit along with the easy to use, and mobility
of product is further propelling the market growth.
The
hectic lifestyle and changing demographics with the rise of young population in
Asia Pacific region are some of the factors positively influencing the market.
In addition, the preference for healthy snacks over the traditional ones is
increasing as it is convenient to carry and consume. These properties are
expected to have a positive impact on the industry.
The
growth in demand for single serve bars of cereals, granola, nuts & seeds,
and, meat is rising due to growing working class, which is engaged in long
working hours, and prefers nutritious snacks in between meals. The booming
retail sector, coupled with efficient supply chain, and creative marketing
strategies, is expected to augment market growth over the forecast period.
The
nuts & seeds, and dried fruit segment are expected to collectively account
for 27.2% of the global market share in 2025. The demand for these products is
attributed to the immediate energy requirement fulfilled by the consumption of
these products. In addition, the availability of various flavors is projected
to boost the demand for these products over the forecast period.
Europe
was the leading region due to changing perceptions about snacking among the
younger consumers. The younger population is demanding more nutritive function
from the snacks, which is leading to growing reliance on snacking as a healthy
alternative. The availability of a variety of healthy snacks options is leading
to the expansion of the overall market in this region.
Access
Research Report of Healthy Snack Market@ www.grandviewresearch.com/industry-analysis/healthy-snack-market
Further key findings
from the report suggest
· The
market is expected to grow at a CAGR of 5.1% from 2017 to 2025 on account of
increasing awareness about healthy snacking habits. Cereals and granola bars
will witness fastest growth in terms of revenue at a CAGR of 6.3% from 2017 to
2025 owing to its nutritious contents.
· Europe
market is expected to witness significant development and was valued at USD 7.3
billion in 2016 on account of rising demand from the increasing younger
population
· Key
participants include General Mills, Mondelez International, Inc., PepsiCo
Foods, Nestlé S.A., B&G Food Inc, The Kellogg Company and others. These
companies are focused on increasing their global presence using product
differentiation strategies
· In
January 2017, General Mills, Inc., launched a new product series to address the
increasing demand of snacks across the globe. The product range includes
popular company brands such as Nature Valley Granola bars, Haagen-Dazs ice
cream, Yoplait Custard in healthy snacks category.
Browse more
reports of this category by Grand View Research at: www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand
View Research has segmented the global healthy snack market on the basis of
product and region:
Healthy Snack Product Outlook (Revenue, USD
Million, 2014 - 2025)
·
Cereal
& granola bars
·
Nuts
& seeds snacks
·
Meat
snacks
·
Dried
Fruit Snacks
·
Trail
mix snacks
Healthy Snack Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North
America
o U.S.
o Canada
·
Europe
o UK
o Germany
o France
o Spain
·
Asia
Pacific
o China
o India
o Japan
o Australia
·
South
& Central America
o Brazil
·
Middle East and Africa
Access Press Release of Healthy Snack Market@ www.grandviewresearch.com/press-release/global-healthy-snack-market
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.
