Healthy Snacks Market Size to Worth USD 108.11 Billion by 2027

Judith J. Mercado

The MarketWatch News Department was not involved in the creation of this content. Jan 20, 2021 (The Expresswire) — The global healthy snacks market size is anticipated to rise remarkably on account of the increasing health consciousness among consumers and the rising prevalence of quality lifestyle. These Snacks are a […]

The MarketWatch News Department was not involved in the creation of this content.

Jan 20, 2021 (The Expresswire) —
The global healthy snacks market size is anticipated to rise remarkably on account of the increasing health consciousness among consumers and the rising prevalence of quality lifestyle. These Snacks are a quick and affordable way of sufficing to the nutritional needs of the body. As per a recently published report by Fortune Business Insights, titled, “Healthy Snacks Market Size, Share and COVID-19 Impact Analysis, By Type (Meat Snacks, Nut, Seeds and Trail Mixes, Dried Fruit Snacks, Cereal and Granola Bars, and Others), By Distribution Channel (Supermarket/ Hypermarket, Specialty Stores, Convenience Stores, and Online Retails), and Regional Forecast, 2020-2027,” the value of this market is expected to rise from USD 78.13 billion earned in 2019 to USD 108.11 billion by the end of 2027. The market is likely to exhibit a CAGR of 4.2% during the forecast period set between 2020 and 2027.

The world economy is facing a major downfall owing to the current coronavirus pandemic. Most businesses are at a temporary halt and the others who are operating in the four walls of their homes are barely able to manage meager revenue. The healthcare sector is facing a major crisis owing to the increasing number of positive coronavirus cases and the lack of beds and medical aid to offer treatment. The governments of various nations are investing massively in the research and development of an antidote to fight back the covid-19 pandemic and we soon hope to overcome this situation.

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Segment

Nut-based Snacks segment to Cover Largest Share Owing to their High Protein Content

Based on segmentation by product type, this market is holding major shares from the nut-based snacks segment. This is owing to the high protein content present in nuts, as well as other high nutrient content such as antioxidants and fibre.

List of the Key Players Profiled in the Healthy Snacks Market include:

  • Hormel Foods Corporation (Minnesota, U.S.)

  • Nestle S.A. (Vevey, Switzerland)

  • Calbee, Inc. (Tokyo, Japan)

  • Tyson Foods, Inc. (Arkansan, U.S.)

  • Mondel�”z International (Illinois, U.S.)

  • B and G Foods, Inc. (New Jersey, U.S.)

  • Unilever PLC (London, United Kingdom)

  • PepsiCo, Inc. (New York, U.S.)

  • Kellogg Company (Michigan, U.S.)

  • Danone S.A. (Paris, France)

  • Others

Regional Analysis

Europe Emerged Dominant Owing to Increasing Popularity of On-the-go Nutrition

Geographically, Europe covered the largest healthy snacks market share with a revenue of 31.06 billion earned in 2019. The growth of this region is attributed to the presence of a majority of health-conscious people with hectic schedules and busy lifestyles. The advent of on-the-go nutrition and functional food products has propelled the need for healthy snacks, thereby augmenting the regional market.

On the other side, the market in Asia Pacific is likely to showcase the fastest growth in the coming years on account of the rising disposable incomes of people, increasing adoption of a healthy lifestyle, and the growing popularity of food products that promote wellbeing, known as ‘better-for-you’ products.

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Press Release Distributed by The Express Wire

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