Market Analysis and Insights
The global low calorie snacks market was valued at $7,620.1 million in 2020, and is projected to reach $24,116.2 million by 2030, registering a CAGR of 12.3% from 2021 to 2030.
Key Findings of the Low calorie snack Market Report:
- There is an increase in awareness regarding the importance of food over the years. This is due to the significant rise in chronic health issues. Consumers today have adopted special diet plans to combat the health problem and have even made lifestyle changes to stay fit. One of the notable changes parallel to this trend is use of low calorie snacks products. The reason behind the adoption of low calorie snacks product is that, they do not contain additives and are less likely to be nutritionally complete as they provide far fewer calories than needed to maintain a healthy weight.
- The savory snacks segment was the highest contributor to the market, with $4,281.8 million in 2020, and is estimated to reach $13,202.5 million by 2030, at a CAGR of 12.0% during the forecast period.
- There has been an increase in the demand for convenience food over the years and this growth has been drastic in the emerging regions such as the Asia-Pacific and LAMEA. Convenient food has become a regular source of nutrition for the consumers working in the corporate sector. This increases the adoption of these products in the market.
- The conventional segment was the highest contributor to the market, with $4,997.1 million in 2020, and is estimated to reach $15,408.6 million by 2030, at a CAGR of 12.0% during the forecast period. Facts that support the growth of the market include increase in rise in disposable income, change in taste preferences, and introduction of new flavors with additional healthy ingredients.
- By packaging, the pouches segment was the highest contributor to the market, with $3,677.6 million in 2020, and is estimated to reach $11,215.9 million by 2030, at a CAGR of 11.9% during the forecast period They tend to be one the most environmentally friendly and reusable options. There are numerous ways to keep plastic pouches around and reuse them; thereby, making them a beneficial choice for the environment. However, the plastic pouches segment is expected to witness slow growth, owing to rising environmental concerns regarding usage and disposal of such pouches.
- Europe was the highest revenue contributor, accounting for $2,533.7 million in 2020, and is estimated to reach $7,261.7 million by 2030, with a CAGR of 11.2%. The low calorie snacks market in the Europe region is primarily driven by high consumption of fast food. The retail channels are developed and widespread throughout Europe. Germany is the largest organic snacks market in the region. With the rise in internet penetration and the option of online food delivery, the market for snacks has increased significantly, which fuels the consumption of such food & beverages.
Research Methodology
Our research methodology constitutes a mix of secondary & primary research which ideally starts from exhaustive data mining, conducting primary interviews (suppliers/distributors/end-users), and formulating insights, estimates, growth rates accordingly. Final primary validation is a mandate to confirm our research findings with Key Opinion Leaders (KoLs), Industry Experts, Low Calorie Snacks includes major supplies & Independent Consultants among others
Market Segmentation
The Low Calorie Snacks market is segmented on the basis of type, application, end-use industry, and region & country.
Global Low Calorie Snacks Market by Type
Based on Low Calorie Snacks type, the market is divided into type Bags, Boxes, Cans, Jars. Low Calorie Snacks market's sub-segment is expected to hold the largest market share during the forecast period. Increased demand for high-quality industrial valves in the Food and Beverages and other industries. Also to mitigate the risk of contamination is driving the demand for Low Calorie Snacks at present. The growing concern about the market and industry is expected to boost the Low Calorie Snacks market in Food and Beverages.
Global Low Calorie Snacks Market by Application
Based on Low Calorie Snacks application, the market is divided into B2B (Direct Sales), B2C (Indirect Sales). Low Calorie Snacks application valves are one of the most basic and indispensable components of today's modern technological society. Market segment is expected to hold the largest market share in the global Low Calorie Snacks market.
Global Market Scope and Low Calorie Snacks Market Size
The scope of the report is to provide a 360-degree view of the market by assessing the entire value chain and analyzing the key Low Calorie Snacks market trends from 2021 to 2027 underlying in specific geographies. Qualitative and quantitative aspects are interlinked to provide rationales on market numbers, CAGR, and forecasts.
Low Calorie Snacks Market Country Level Analysis
Most of the countries are estimated to emerge as a fastest growing region and hold the largest market share in the global industrial Low Calorie Snacks market, mainly due to Growing industory trends of present situations, which cannot be ignored. Geographically, regional insights has been segmented on the basis of North America, Europe, Asia Pacific, South America and The Middle East And Africa region.
Key Low Calorie Snacks market players identified in the report are listed below
Nestlé S.A., Calbee Inc., ConAgra Foods Inc, Tyson Foods Inc., Danone, PepsiCo, General Mills Inc, Dole Food Company Inc, Mondelez International Inc, The Kraft Heinz Company, The Hain Celestial Group Inc, Medifast Inc
Some of the other major highlights of the demand for Low Calorie Snacks report include analysis, purchasing volume, prices, pricing analysis, and regulatory framework. Coverage on manufacturing structure, distribution channels, and Porter’s Five Forces analysis are also incorporated in the scope to provide analysis on the demand and supply side. This is anticipated to create opportunities for the growth of the Low Calorie Snacks market during the forecast period.
COVID-19 Impact Analysis
- The COVID-19 pandemic had a significant impact on the on trade segment and Industry.
- Manufacturers are comprehending strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation.
- The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic. However, the global Low Calorie Snacks industry is expected to stabilize after 2021.
- The liquor industry was not impacted severely due to the pandemic.
Key Low Calorie Snacks Market Trends
- The report identifies, determines, and forecasts the Global Low Calorie Snacks Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Low Calorie Snacks Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in the Low Calorie Snacks Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Low Calorie Snacks Market.
Table of Contents
Study Coverage: It includes key manufacturers covered, key market segments, the scope of products offered in the global Low Calorie Snacks market, years considered, and study objectives. Additionally, it touches the segmentation study provided in the report on the basis of the type of product and application.
Executive Summary: It gives a summary of key studies, market growth rate, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Production by Region: Here, the report provides information related to import and export, production, revenue, and key players of all regional markets studied.
Profile of Manufacturers: Each player profiled in this section is studied on the basis of SWOT analysis, their products, production, value, capacity, and other vital factors.
Low Calorie Snacks Market Growth is segmented on the basis of market type, application, end-user and region.
Based on Type
Bags
Boxes
Cans
Jars
Based on Application
B2B (Direct Sales)
B2C (Indirect Sales)
Regions Covered
Americas
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Chile
Colombia
Rest Of Latin America
Europe
United Kingdom
Germany
France
Italy
Spain
Netherlands
Sweden
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Indonesia
Malaysia
Thailand
Philippines,
Vietnam
Rest of Asia-Pacific
The Middle East And Africa
Saudi Arabia
United Arab Emirates
South Africa
Iran
Turkey
Morocco
Nigeria
Algeria
Cameroon
Chad
Congo
Egypt
Kuwait
Rest of LAMEA
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