What Will Be The Size And CAGR Of The Low Calorie Snacks Market By 2025?
The low calorie snacks market size has grown rapidly in recent years. The market value is expected to rise from $12.74 billion in 2024 to $14.65 billion in 2025 at a compound annual growth rate (CAGR) of 15.0%. This growth throughout the historic period can be attributed to the increase in functional snacking, changing lifestyles, sustainability concerns, customization in snacking, and educational campaigns.
The market forecast suggests continued growth in the coming years. The low calorie snacks market is projected to reach $26.35 billion in 2029 at a compound annual growth rate (CAGR) of 15.8%. The growth drivers in the forecast period include factors such as convenience and on-the-go consumption, diverse flavor profiles, education and awareness initiatives, regulatory developments, and the increasing influence of social media. Major trends to keep an eye on during this period include portion control and packaging innovation, education and awareness campaigns, regulatory changes, health apps and wearables, social media influence, snack customization and ethical and sustainable choices.
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What Are The Growth Drivers For Low Calorie Snacks Market?
Rising consumer awareness about health and fitness is a key driver of the low-calorie snacks market. Customers are increasingly choosing low-calorie snacks and other health-related items due to growing health and fitness awareness. For instance, according to the Organic Industry Survey from the Organic Trade Association, organic food sales in the United States in 2022 were up from 4.3% in 59149 in 2021 to 61670. Furthermore, the World Obesity Federation predicts 1 billion people globally, including 1 out of 5 women and 1 out of 7 men, will be living with obesity by 2030. Therefore, this rising awareness about health and fitness is anticipated to continue driving the low-calorie snacks market.
What Are The Major Segments In The Low Calorie Snacks Market?
The low calorie snacks market is segmented as follows:
– By Type: Sweet Snacks, Savory Snacks, Other Types
– By Source: Plant-Based, Animal-Based, Marine, Other Sources
– By Nature: Organic, Conventional
– By Packaging: Bags, Boxes, Pouches, Cans, Jars, Other Packaging
– By Distribution Channel: Supermarket Or Hypermarket, Specialty Stores, Other Online Stores
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Who Are The Major Players Operating In The Low Calorie Snacks Market?
Key players in the low calorie snacks market include Nestlé SA, Conagra Brands Inc., Tyson Foods Inc., Danone SA, PepsiCo Inc., General Mills Inc., Dole PLC, Calbee Inc., Mondelez International Inc., The Kraft Heinz Company, The Hain Celestial Group Inc., Medifast Inc., Bernard Food Industries Inc., Ingredion Incorporated, Warrell Corporation, Fiber One, Halo Top Creamery, Kind LLC, Amplify Snack Brands Inc., Popchips Inc., PopCorners, Quest Nutrition LLC, Rhythm Superfoods LLC, Sahale Snacks Inc., Simply 7 Snacks LLC, SimplyProtein LLC, The Skinny Cow, SkinnyPop Popcorn LLC, Smartfood Popcorn, Snikiddy LLC, SunButter LLC, The Better Chip LLC, The Good Bean Inc.
What Are The Emerging Trends In The Low Calorie Snacks Market?
Product innovation is an emerging trend in the low-calorie snack market. Major companies are focusing on innovations such as plant-based products and low-calorie, low-sugar, and low-fat dessert options to sustain in the market. For instance, Mars Inc., in 2022, launched low-calorie editions of Mars, Snickers, Bounty, and Galaxy bars, which contain more than 75% fruit and nuts to decrease the calories in the typically sugar-filled treats.
What Are The Largest And Fast-growing Regions In The Low Calorie Snacks Market?
North America was the largest region in the low-calorie snacks market in 2024. The regions covered in the low-calorie snacks market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is The Low Calorie Snacks Market Definition And What Does The Market Report Offer?
Low-calorie snacks refer to food products with the label low calorie that contains 40 calories and have no detrimental impact on the body. These snacks provide a convenient and portable option for satisfying hunger and controlling calorie intake, making it easier to maintain or lose weight without feeling deprived. Further, the Low Calorie Snacks Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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