This report provides exclusive insights into the COVID-19 impact on the Healthy Snacks Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Healthy Snacks Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Healthy Snacks Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on healthy snacks market provides in-depth analysis of segments and sub-segments in the global as well as regional healthy snacks market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional healthy snacks market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global healthy snacks market. According to the report, the global healthy snacks market is projected to grow at a CAGR of 5.30% over the forecast period of 2018-2024.
A snack is a portion of food, smaller than a regular meal, generally eaten between meals. There are several types of healthy snacks, such as fruits and vegetable snacks, nuts and seeds snacks and low-fat dairy products. Healthy snacks include those that have significant vitamins, are low in saturated fat. Additionally, healthy snacks have a low quantity of added sugars and have low sodium content. Government bodies such as Health Canada recommend to its people that they should make a conscious effort to eat healthier natural snacks such as fruit, vegetables, nuts, and cereal grains while avoiding high-calorie, low-nutrient junk food.
Consumers shifting trends towards healthy eating habits is the key factor promotes the growth of healthy snacks market. Snacking at regular interval and in proper amount has several health benefits as it instantly fills the required energy and nutrition to the consumers and helps to be energetic for some time. In addition, as it helps to improve overall health, control heavy food eating cravings, and helps to control body weight. Moreover, it helps the diabetic and pre-diabetic condition of patients afflicted with diabetes by regulating blood glucose content in their blood. Additionally, due to expanding health concern related to snacking consumers are inclined towards healthy eating, which in turn, escalate the growth of the market. Moreover, snacking on junk food has a negative impact on consumer health that leads to various health issues such as heart diseases, obesity, diabetics, and other chronic diseases. However, the high cost of healthy snacks as compared with other snacks is hampering the growth of the market. Increasing demand for nutritious food products and growing investment by major manufacturers to develop an innovative product in terms of various taste, flavors, and shapes will uplift the growth of healthy snacks market in the coming years. Additionally, growth in sales of healthy snacks through online channels and number of players are significantly focusing on a variety of healthy products includes sugar-free, gluten-free and whole grain products are creating growth opportunities for the healthy snacks market.
Among the region, North America is expected to be the prominent region for the global healthy snacks market owing to the growing health awareness regarding the healthy snacks. The U.S drives the North America region owing to consumption of healthy snacks. The presence of more number of working populations in North America region has a positive impact on the growth of the market. Europe region is accounted to be the largest market share in the healthy snacks market due to the increased spending power of consumers. Asia-Pacific is witness to be significant CAGR in this market. The changing consumer lifestyle in developing countries coupled with increasing disposable income are some factors responsible for the growth of the healthy snack market.
The report on global healthy snacks market covers segments such as products, and health claim. On the basis of products, the sub-markets include dried fruit snacks, cereal & granola bars, meat snacks, trail mix snacks, nuts & seeds snacks, and others. On the basis of the health claim, the sub-markets include sugar-free, gluten-free, low-fat, and others.
The report provides profiles of the companies in the market such as The Kellogg Company, Nestlé S.A., PepsiCo, Inc., Calbee Inc., B&G Foods, Select Harvests, Kind LLC, General Mills, Inc., The Hain Celestial Group, and Tyson Foods, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of healthy snacks market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.