High Fibre Snacks Market Research, 2032
The global high fibre snacks market was valued at $24.1 billion in 2022, and is projected to reach $56.8 billion by 2032, growing at a CAGR of 9% from 2023 to 2032.
High-fiber snacks are a major growing segment in the health food market. Rise in health concerns and change in lifestyle boost this market growth. High-fiber snacks are beneficial for many health issues and so people demand more such food products. Snacks are small servings of food eaten between main meals. There are many different types of snacks, such as processed foods and packaged snack foods. Snack foods contain vitamins, proteins, and minerals as well as other nutritious elements. If compared to conventional snacks, high-fiber snacks like potato chips, bakery items like pancakes, bagels, pretzels, and cookies, and confectionery like candies, chocolates, and raisins, contain elements that are nourishing and gluten-free.
High-fiber snacks have the ability to provide a number of health benefits without having an adverse effect on health. These days, customers are being more conscious about their diets due to surge in holistic perception about their well-being, such as weight control, encompassing almost every facet of healthy living. The global high-fiber snacks market growth is driven by increase in health consciousness and importance of consumption of high-fiber snacks by the people due to harmful side effects of conventional snacks such as increase in obesity, rise in calorie content of the body, and less nutritional benefits. In addition, rise in inclination for on-the-go snacking, growth in high fibre food demand, and increase in spending capacity of people, especially in emerging economies, propell the high fibre snacks market demand.
Furthermore, the upsurge in demand for high-fiber snacks in malls and the multiplex sector and increase in expenditure on food items drive the high fibre snacks market growth. Moreover, growth of retail network especially in the emerging economies and increase in consumption of convenient goods drive the snacks market growth. However, the high cost of production hampers the widespread adoption and acts as the major restraint for the global high-fiber snacks market. On the contrary, rise in disposable income and increase in willingness of people on buying premium and environment-friendly products in the emerging nations are expected to provide opportunities for the market growth in the coming years. During the worldwide pandemic emergency and the uncertain lockdown across the globe, the consumer food & beverage industry witnessed high demand for household food products. The manufacturers in the industry faced low consumption of their products in the market, due to the closure of supermarkets and other stores and supply chain challenges. The companies are focused more on modifying their distributional channel system to strengthen the online platform and delivery service.
The high fibre snacks market size is segmented into Nature, Product, and Distribution Channels.
The high-fiber snacks market is segmented on the basis of nature, product, distribution channel, and region. By nature, it is bifurcated into organic and conventional. By product, the high fibre snacks industry is classified into cereal & granola bars, nuts & seeds, dried fruits, meat snacks, biscuits & cookies, trail mix snacks, and others. By distribution channel, it is divided into supermarkets/hypermarkets, specialty stores, convenience stores, online retailers, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, and Rest of LAMEA).
On the basis of nature, the high fibre snacks market segmentation is categorized into Organic and conventional. The conventional segment was the highest revenue contributor and is expected to remain dominant during the high fibre snacks market forecast period. Increase in awareness regarding various benefits of organic products as compared to their synthetic counterparts has resulted in an upsurge in the demand for high fiber snacks products over the last few years.
By product, the market is segmented into cereal & granola bars, nuts & seeds, dried fruits, meat snacks, biscuits & cookies, trail mix snacks, and others. Popular snack foods such as granola bars and cereal bars dominate the market. Usually, a mixture of cereal grains, nuts, dried fruits, sugars, and other ingredients are used for their production. They are promoted as a more nutritious alternative to conventional candy bars and snacks and are made to be portable and convenient.
On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, convenience stores, online retailers, and others. Supermarkets/hypermarkets held a significant share in 2022. Moreover, the supermarkets/hypermarkets and food services segments collectively accounted for around 35% of the global high fibre snacks market share.
Some Recent Developments in the Market:
- In April 2023, Flowers Foods, Inc., launched four new bread and snacking products through its emerging brands namely, Nature's Own, Tastykake, and Wonder in order to satisfy our consumers.
- In April 2022, Ardent Mills launched the collection of gluten-free flour blends and Keto-friendly flour blends for the Canadian market in order to expand its portfolio.
- In March 2022, Ardent Mills opened its new state-of-the-art Port Redwing Mill in Gibsonton, Florida in order to increase efficiency and product consistency, and expand the ability to meet customer needs.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the high fibre snacks market analysis from 2022 to 2032 to identify the prevailing high fiber snacks market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the high fibre snacks market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global high fibre snacks market trends, key players, market segments, application areas, and market growth strategies.
KEY MARKET SEGMENTS
- By Nature
- Organic
- Conventional
- By Product
- Cereal and Granola Bars
- Nuts and Seeds
- Dried Fruits
- Meat Snacks
- Biscuits and Cookies
- Trail Mix Snacks
- Others
- By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Retailers
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Middle East
- Rest of LAMEA
High Fibre Snacks Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 56.8 billion |
 Growth Rate | CAGR of 9% |
 Forecast period | 2022 - 2032 |
 Report Pages | 280 |
 By Distribution Channel |
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 By Nature |
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 By Product |
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 By Region |
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 Key Market Players | General Mills Inc., Flowers Foods, Inc., Grain Millers, Inc., Pure Snacks Private Limited, Energy Bar Foods, BiteBox, Kellogg Company, Bearded Brothers, LLC, Ardent Mills, Hodgson Mill, Inc. |
Analyst Review
According to the CXOs of leading companies, the global high-fiber snacks market is emerging at a considerable pace owing to several factors such as an increase in the health-awareness, enhanced internet penetration, changes in lifestyle patterns, and growth in concerns about healthy living, all these factors fuel the increase in sales of the high-fiber snacks market.
On the basis of interviews of various top-level CXOs of leading companies, the increase in sale of high-fiber snacks is driven by changing consumer’s preference and adoption of organic food consumption trend. The health benefits obtained from high-fiber snacks are backed by their high anti-oxidant content, which support its sale among the consumers. Furthermore, the increase in consumption of organic food products has a positive impact on the high-fiber snacks market. To meet the consumer’s demand and to expand their business, organic snacks manufacturers across various regions follow the strategy of improving their existing products as well as increasing the manufacture of flavored organic snacks. This is one of the major factors due to which the demand for high-fiber snacks has experienced a surge. The U.S. is among the dominating countries holding a major share in organic high-fiber snacks market and exports the product in various other countries, which include China, Canada, Mexico, the UK, and others.
The global high fiber snacks market was valued at $24,137.9 million in 2022 and is expected to garner $56,808.6 million by 2032, registering a CAGR of 9.0% from 2023 to 2032.
The forecast period in the market report would be 2023-2032.
The market value of high fibre snacks market in 2022 is $24,137.9 million.
The year 2022 is base year calculated in the high fibre snacks market report.
The demand for high-fiber snacks has been growing steadily in recent years as consumers become more health-conscious and seek convenient and nutritious snack options.
The key players profiled in this report are Hodgson Mill, Inc., Bearded Brothers, LLC, BiteBox, Ardent Mills, Pure Snacks Private Limited, General Mills Inc., Flowers Foods, Inc., Energy Bar Foods, Kellogg Company, and Grain Millers, Inc.
The demand for such product remains consistent among consumers. According to the annual Food & Health Survey from the International Food Information Council 2021, more than four out of five consumers say that the coronavirus pandemic has changed their food habits, driving them to cook, eat, shop, & think about food differently.
North America will dominate the market by the end of 2032.
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