Research Nester has released a report titled “Healthy Snacks Market – Global Demand Analysis & Opportunity Outlook 2027” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The global healthy snacks market is anticipated to record a CAGR of around 5.21% during the forecast period, i.e. 2019-2027. The market is segmented by distribution channel into hypermarkets, supermarkets, specialty stores, online stores and convenience stores. Among these segments, online stores segment is anticipated to hold the largest market share on the back of growing preference amongst consumers for online shopping, impacted by the rise in the number of individuals using the internet and businesses having their presence across all business channels.
United Nations Conference on Trade and Development (UNCTAD), in one of their statistics stated that online shoppers globally reached 1342 million in the year 2017from 1078 million in the year 2015. Moreover, The World Bank, in one of its statistics, stated that individuals using the internet in USA reached 87.27% of global population in the year 2017increased from 71.40% of global population in the year 2013.
The statistics portray the rising concern for health-related diseases occurring due to bad food habits and bad lifestyles of the population. Owing to such a factor, consumers are preferring for food products that are tasty, healthy and have low or no side-effects, for instance, on-the-go breakfast cereals, dry yogurt, liquid breakfast products, probiotics dietary supplements, nutrition for infants, and others.
Moreover, governmental organizations are also educating people for greater consumption of health foods so as to reduce the number of diseases prevailing amongst people. WHO, in another statistics, stated that the WHO Member States have agreed to reduce salt intake for the global population by 30% by 2025. They have also agreed to stop the rise in diabetes, obesity in adults, adolescents and overweight in children by the year 2025.Concern for health amongst people, coupled with rising preferences for healthy food products, all of these factors together are anticipated to contribute towards the growth of the global healthy snacks market.
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Geographically, the global healthy snacks market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, North America is anticipated to hold largest market share owing to rising preference amongst consumers for replacing regular meals with healthy snacks which are not just limited to its availability in different forms and flavors, but also are available with attractive packaging, and are also offered with greater price discounts by manufacturers for larger consumption.
However, concerns regarding the end cost of the product impacted by the frequent fluctuations in the price of the raw materials and the strict regulatory norms of the governments of various economies, that might hamper the sales of the product, are some of the factors estimated to act as a barrier to the growth of the global healthy snacks market.
This report also studies existing competitive scenario of some of the key players of the global healthy snacks market, which includes profiling of Nestle (SWX: NESN), PepsiCo, Inc. (NASDAQ: PEP), Kellogg NA Co., Tyson Foods, Inc. (NYSE: TSN), General Mills Inc. (NYSE: GIS), Mondelez International (NASDAQ: MDLZ), Kind LLC, B & G Foods, Inc. (NYSE: BGS), Calbee, Inc. (TYO: 2229), and Select Harvests Limited (ASX: SHV).
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