The global healthy snack market revenue is expected to expand at a significant CAGR over the forecast period. Snack are small portions of food which are consumed between meals. Snack helps to maintain energy levels throughout entire day. Healthy snacks contain high-nutrients, vitamins, high-fiber, and low fat food products. It also includes whole grains, vegetables, nuts, seeds, fruits, seeds, fruits, and boiled eggs.
The major factors driving growth of the global healthy snack market are changing sedentary lifestyles of individuals and rising inclination towards healthy food products. Healthy snack has several health benefits such as improvement of memory, concentration, and awareness. Healthy snacks are available in different flavors and types, which make them edible to both adults and children. Owing to these factors there is increasing demand for healthy snacks globally. Furthermore, rising health awareness and increasing product endorsement by celebrities, chefs and food experts are other factors expected to drive growth of the global market in the near future. However, high manufacturing cost of healthy snack is expected to hamper growth of the target market over the forecast period.
The global healthy snack market report has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into cereal & granola bars, nuts & seeds snacks, meat snacks, dried fruit snacks, and trail mix snacks. Cereal & granola bar segment is expected to dominate the global market in terms of revenue over the forecast period, owing to its portability and taste. On the basis of application, the market is segmented into supermarkets, hypermarkets, retail stores, wholesalers, and online channels.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is expected to dominate the global market in terms of revenue over the forecast period, owing to presence of local manufacturers and rising preference for healthy food products among individuals in the region. In addition, the market in Asia Pacific is expected to register highest CAGR in terms of revenue over the forecast period.
Key players operating in the global healthy snack market include General Mills, Inc., Mondelez International, Inc., PepsiCo Foods, Hormel Foods Corporation, Kind LLC, Tyson Foods, Inc., Select Harvests Ltd, Nestlé S.A., B&G Food Inc., and Hain Celestial Group, Inc.