Increasing awareness regarding health and wellness benefits offered by the product among consumers is likely to be a key trend driving the market. The Global Healthy Snacks Market size is expected to reach USD 32.88 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% during the forecast period.
The consumption of healthy snacks is growing on account of their ability to meet various dietary requirements such as sugar-free, low salt content, and low cholesterol levels. However, high cost of production due to volatile prices of raw materials is expected to negatively influence the growth of the market over the forecast period.
Growing purchasing power parity, which has increased immensely in the past few years, is anticipated to fuel the demand for meat snacks in the upcoming years. This factor, in turn, is projected to boost the growth of the market during the forecast period.
Europe is the leading regional market in the healthy snacks market. A wide base of youth population in the region along with high spending power of the populace is stoking the growth of the regional market. Healthy snacks provide grab-and-go option coupled with convenience to meet the needs of customers.
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Top Players of Healthy Snacks Market:
Some of the key companies present in the industry are Nestlé S.A.; PepsiCo, Inc.; The Kellogg Company; Tyson Foods, Inc.; General Mills, Inc.; Mondelēz International; Hormel Foods Corporation; Kind LLC; and Select Harvests.
Market Segmentation of Healthy Snacks Market:
The Global Healthy Snacks Market segmented on the basis of Product and Region.
By Product:
Cereal & Granola Bars
Nuts & Seeds Snacks
Meat Snacks
Dried Fruit
Trail Mix Snacks
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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