The increasing popularity of snacks among the young population has boosted the global healthy snack market. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Healthy Snack Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
People are demanding varieties in snacks which are healthy to eat; this has encouraged companies to launch new products. Several companies have been announcing the launch of healthy products with new tastes, flavors, and shapes to maintain their competitiveness in the market. Moreover, customers’ increasing inclination towards healthy ingredients in snack is compelling the healthy snack companies to innovate their products for customer retention.
Earlier snacks were considered as a break time light food. However, in the recent times people have been increasingly eating them between the meals. Snacks are being considered as fourth meal of the day in the U.S. Americans are forerunners amongst the snack eaters between the meals as they love to snack everywhere from theater, to workplace, to car, and even on the subway. This trend has a wide impact over the Global Healthy Snack Market Analysis owing to changing consumer preference towards healthy diet. Additionally, consumers are likely to shift towards healthy ingredients in snack products owing to aided health support associated with the consumption.
General Mills Inc (US), Dole Food Company Inc (US), Sun-Maid (US), Bel Brands (US), Medifast, Inc (US), Mondelez International Inc (US), No Limit, LLC (US), L T Foods (India), and Danone (France) are some of the key players in the Market.