Healthy Snack Market Size, Share, Growth Analysis, By Product(Frozen & refrigerated, fruit, bakery, savory), By Distribution channel(Supermarkets & hypermarkets, convenience stores, online, and others), By Region - Industry Forecast 2024-2031

Healthy Snack Market size was valued at USD 83.98 billion in 2019 and is poised to grow from USD 89.12 billion in 2023 to USD 143.14 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

healthy snack market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of healthy snack market. 'PepsiCo', 'General Mills', 'Nestle', 'KIND LLC', 'Kellogg Company', 'Mondelēz International', 'Tyson Foods', 'Hormel Foods', 'The Hain Celestial Group', 'B&G Foods', 'Diamond Foods', 'Conagra Brands', 'Snyder's-Lance', 'The Hershey Company', 'GlaxoSmithKline plc', 'SunOpta Inc.', 'Clif Bar & Company', 'Graze', 'Quest Nutrition'

Increasing consumption of on-the-go snacks is driving the positive growth of the healthy snacks market. demand for healthy snacks is expected to increase as consumers become more aware of the health risks associated with junk food consumption, such as heart disease, diabetes, and other chronic diseases. One of the key trends in the healthy snacks market is the increase in consumer desire for healthy eating habits and a healthy lifestyle. Healthy snacks are becoming an important part of people's diets worldwide, driving the healthy snacks market.

The increasing number of people entering the formal labor market, coupled with their busy lifestyles, has increased the demand for snacks. This is due to the fact that snacks provide quick satiety and a much-needed break during a busy day. This market for healthy snacks is fueled by the growing trend of avoiding the risk of certain chronic diseases and maintaining health and wellness through conscious consumption of these snacks. The on-the-go nutrition trend is rapidly gaining popularity among millennial and working adults as they seek snack solutions to combat nutrient deficiencies and other health issues in their busy schedules.

North America accounted for the largest market share, accounting for nearly 33% of the share in 2021. Following the emergence of the Covid-19 pandemic, the demand for nutritious snacks has increased significantly in the United States. The United States used to be a big consumer of snacks, but consumers have shifted their focus to consuming healthy and nutritious snacks to avoid all the health-related risks associated with excessive snacking behaviour. Also, the high penetration rate of supermarkets and hypermarkets, as well as convenience stores, is another important factor driving market sales in the region. These convenience businesses are collaborating with delivery services to increase their e-commerce presence. Obesity and diabetes are two major public health challenges in the United States that are expected to increase the demand for healthy snacks in the coming years. Increasing health and fitness awareness has reduced the consumption of high-calorie unhealthy snacks, which is expected to create new opportunities for healthy snack providers during the forecast period. Other factors that could impact snack sales over the next ten years include the high prevalence of chronic diseases, changing consumer preferences, stricter restrictions to limit the use of artificial ingredients, and increased demand for convenience meals. Some of the country's most popular snacks include pretzels, beef jerky, cereal, and popcorn.