Meticulous Research® has released a comprehensive report titled Healthy Snacks Market by Type (Cereal & Granola Bars, Nuts, Meat, Biscuits, Cookies), Product Claim (Gluten-Free, Low-Fat), Packaging Type (Wraps, Boxes), Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores) — Global Forecast to 2029. The report forecasts that the healthy snacks market will reach $152.08 billion by 2029, achieving a compound annual growth rate (CAGR) of 6.5% from 2022 through 2029.
The report attributes this growth to a surge in health consciousness among consumers, an increasing preference for functional and nutritious foods, and the rising demand for convenient, on-the-go snack options. Emerging markets in Latin America, Asia, and the Middle East & Africa are identified as crucial growth regions, particularly with the expansion of online retail channels.
Despite these positive trends, the report acknowledges certain challenges that may impede market growth, including the higher costs of healthy snacks compared to traditional snacks and the volatility in raw material prices, which can create operational uncertainties for manufacturers.
The report segments the market into various categories, including type, product claim, packaging type, distribution channel, and geographic region. It also provides a detailed competitive analysis and evaluates market dynamics at the country level.
For product types, the market is divided into cereal & granola bars, nuts & seeds, dried fruits, meat snacks, biscuits & cookies, trail mix snacks, and other healthy options. In 2022, cereal & granola bars led the market due to increasing consumption of healthy packaged foods, shifts in dietary preferences, the growth of convenience stores, and rising rates of chronic conditions like diabetes, cardiovascular diseases, and obesity. Conversely, the meat snacks segment is anticipated to grow rapidly, driven by increasing meat consumption, a demand for protein-rich and flavorful snacks, and heightened health awareness.
The product claim segment includes gluten-free, low-fat, sugar-free, and other claims. The gluten-free segment dominated the market in 2022, due to a rise in celiac disease cases, health benefits associated with gluten-free diets, increasing rates of irritable bowel syndrome (IBS), and growing demand from millennials. This segment is expected to continue expanding, supported by rising awareness of gluten-related health issues and increasing celiac disease incidence.
In terms of packaging types, the market is segmented into wraps, pouches, boxes, and other formats. Wraps accounted for the largest market share in 2022, driven by the need for convenient, portable snacks that fit modern, busy lifestyles. The expanding food packaging industry has also supported this trend, as wraps help keep food fresh and warm while being easy to store. The boxes segment is expected to grow significantly due to cost-effectiveness and the booming e-commerce sector.
For distribution channels, the market is divided into supermarkets & hypermarkets, convenience stores, specialty stores, online channels, and others. Supermarkets & hypermarkets held the largest share in 2022, benefiting from their role as primary retail outlets for healthy snacks. Consumers favor these stores for their convenience, accessibility, and broad product assortment. However, the online channels segment is projected to experience the fastest growth, fueled by the increasing demand for personalized shopping experiences, convenience, discounts, and a wider product range.
Geographically, North America led the market in 2022, owing to its well-established food industry, growing health consciousness, high prevalence of celiac disease, and rising demand for gluten-free and clean-label snacks. Changing consumer habits, such as replacing traditional meals with smaller, nutritious snacks, are also contributing to market growth. In North America, the U.S. represents the largest market, driven by a preference for convenience foods, evolving household structures, and a heightened interest in unique and healthy snack options. The prevalence of lifestyle-related diseases like obesity, cardiovascular conditions, and diabetes is driving the shift towards healthier snacking alternatives, making the U.S. a key market for healthy snacks.
Key Players
The key players operating in the healthy snacks market include General Mills, Inc. (U.S.), Mondelēz International, Inc. (U.S.), Nestlé S.A. (Switzerland), Unilever PLC (U.K.), Kellogg Company (U.S.), Tyson Foods, Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Hormel Foods Corporation (U.S.), B&G Foods, Inc. (U.S.), Del Monte Foods Inc. (U.S.), PepsiCo, Inc. (U.S.), KIND LLC (U.S.), Danone S.A. (France), and Select Harvests Limited (Australia).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of type, product claim, packaging type, distribution channel, and geography?
- What is the historical market size for healthy snacks across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the healthy snacks market?
- Who are the major players in the market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- How is the competitive landscape for the healthy snacks market?
- What are the recent developments in the healthy snacks market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the healthy snacks market, and how do they compete with other players?
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