healthy snacks market
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 & COVID-19 Impact Analysis, By Type (Meat Snacks,
Nut, Seeds & Trail Mixes, Dried Fruit Snacks, Cereal & 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 temporary halt and the others who are
operating in the four walls of their homes are barely able to manage meagre
revenue. The healthcare sector is facing major crisis owing to the increasing
number of positive coronavirus cases and lack of beds and medical aid to offer
treatment. The governments of various nations are investing massively on the
research and development of an antidote to fight back the covid-19 pandemic and
we soon hope to overcome this situation.
Fortune
Business Insights is offering special analytical reports on different markets
that are impacted negatively by the coronavirus pandemic. These reports will
help advisors make strategic decisions for better revenue generation in the
coming years.
Drivers & Restraints-
Rising Inclination towards Healthy Food to Add Impetus
The
increasing prevalence of chronic and acute diseases among people irrespective
of age is a key factor propelling the adoption of healthy food. This stands as
a major factor boosting the global healthy snacks market growth. In addition to
this, the rising evolution of the food industry and the advent of various food
and snacks varieties such as flavors, shapes, sizes, and nutritional value is
also adding impetus to the market. Besides this, the advancement in food
processing and preservation technology will also aid in the expansion of the
market.
However,
factors such as processing-related challenges, moisture retention as a result
of sugar and fat reduction, and low shelf life of snacks highly rich in fruit
and vegetable content may pose major challenges to the market growth.
Nevertheless, the growing popularity of functional and convenience foods and
the increasing adoption of on-the-go and ready-to-eat snacking, coupled with
the increasing awareness among health conscious consumers are expected to
create lucrative growth opportunities for the market in the coming years.
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.
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 healthy lifestyle, and the growing popularity of
food products that promote wellbeing, known as ‘better-for-you’ products.
Competitive Landscape-
PepsiCo., Inc. is Holding Leading Position Owing to New Product
Launches
As of 2019, PepsiCo., Inc. is the leading player of this market. Most of the
players functioning in the market for healthy snacks are engaged in the
manufacturing of new snacks with unique flavors and ingredients so as to
attract more revenue and gain a competitive edge in the market. The other
players are focusing on collaborative strategies such as joint ventures,
contracts and agreements, partnerships, and others to gain a competitive edge
in the market during the forecast period.
Read More About Press
Release:
https://www.fortunebusinessinsights.com/press-release/seed-treatment-market-9055
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