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).

Increased disposable income coupled with long working hours and a corporate culture of busy lifestyles has led to a change in eating habits. Snacks have long been considered harmful due to their high oil and sugar content and are major contributors to health problems such as obesity, high blood sugar, and high blood pressure. However, due to the recent change in consumer behavior, the demand for oily-spicy foods is rapidly shifting from less packaged healthy, sugar-free and low-calorie snacks. This is an important trend that drives the growth of the market. Snacks with interesting, innovative flavors and textures, made using sustainable technologies, packed with recyclable materials, and with clean labeling are expected to dominate the healthy snacks market during the forecast period. Vegetarian snacks, zero fat, high/added protein, whole grains, low/zero sugar, zero oil/baked snacks, zero gluten content, and eco-friendly packaging are some of the developing trends in this sector. The number of innovations in the market is always increasing.

Personalized healthy snacks are another global market trend that is growing rapidly. Snacks that cater to the lifestyle, diet, and health needs of consumers are in high demand. As a result, prepared nutrition is becoming more popular. Keto-friendly and cholesterol-lowering snacks, as well as mood-enhancing, gut-friendly, and sleep-aiding snacks, are becoming more popular. For example, in March 2022, PepsiCo and Beyond Meat launched their first plant-based product, vegan jerky. Under their PLANeT partnership, the companies formed a joint venture to develop plant-based healthy snacks and beverages. However, the high cost of healthy snacks compared to other snacks is a significant restraint in this market. Also, severe unauthorized restrictions restricting the production of sound snacks, as well as high prices associated with them, will hamper the market growth.

US Healthy Snack Market is poised to grow at a sustainable CAGR for the next forecast year.