The global low calorie snacks market size was valued at $7.6 billion in 2020, and is expected to garner $24.1 billion by 2030, registering a CAGR of 12.3% from 2021 to 2030. In 2020, the savory snacks segment accounted for more than half of the total market share.
Low calorie snack food are aiding to more specific roles as customers continue to look for ways to balance nutrient-dense, healthy and purposeful snacking with the aim for emotionally satisfying and indulgent snacks, especially when indulgent snacks are of higher quality. Low calorie snacks have the potential to offer several health benefits without impacting the health as it is prepared from natural and free from ingredients.
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Players in the low calorie snacks market have adopted business expansion and product launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the report include Archer Daniels Midland Company, Cargill, Incorporated, Conagra Brands, Inc., Danone, General Mills, Inc., Hain Celestial, Ingredion Incorporated, Mondelez International, Nestle S. A, and The Kraft Heinz Company.
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On the basis of region, Europe dominated the market in 2020, and accounted for maximum share in low calorie snacks market. 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. Moreover, development of the tourism sector in this region is providing the road side shops an opportunity to sell snacks products, which can be easily sold and carried with low selling cost and minimum storage cost. Thus, all these factors are positively affecting the growth of the low calorie snacks market in this region.
Key Benefits of the Report:
- The report provides quantitative analysis of the current low calorie snacks market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing low calorie snacks market opportunity.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size & segmentation assist to determine the market potential.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the low calorie snacks industry.
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