Nutritional Snack Market by Type (Sweet snacks, Savory snacks, Others), By Application (Children, Youth, Middle Age, Other), By Distribution Channel (Store based, non-store based, Online store), And Industry Forecasts 2020 – 2027
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Jun 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Nutritional Snack Market
Request Now !Increasing consciousness about hygiene and fitness the consumption of snacks in nutritional additive value has been improved to higher extent in recent times. Eating such nutritive value-added snacks has big impact on our health as they make larger portion of our diet. Snacks made from fried oil are hazardous to health. These types of snacks causes acidity, obesity, heart diseases, diabetes, various chronic diseases and many other disorders, thus people are more inclined towards the nutritional and healthy snacks as it is more tastier and does not harms our body and even doesn’t causes any disorders. People consume these snacks which helps them to boost the energy level, better concentration and decreases the feeling of lethargic. Consequently, manufacturers are introducing various healthy products such as roasted snacks instead of fried snacks, sugar free, whole grain products in order to fulfill consumers demand and thus attracts consumers. This strategy will increase the global nutritional snacks market during the forecast period.
The basic and foremost requirement of any eatable is to have higher nutritional value and should not have ill effects on health of consumer, thus global nutritional snack market is concentrating in producing such eatables that have high proteins and are completely safer to human body. Increasing focus on the nutritional value of consuming any such food items has work in favor of the global healthy snack market.
Several regulatory authorities and WHO recommends people to get inclined towards highly nutritional foodstuffs rather than spicy, oily, fatty items and motivates global nutritional snacks market to produce highly consumable nutritional products in order to avoid several health disorders. Increasing awareness regarding health and wellness benefits offered by this product among the consumers is likely to be the driving factor in this global nutritional snack market.
As consumers became more careful and conscious about their health after COVID-19 pandemic, thus consumption of such snacks has increased as these snacks are sugar-free, low cholesterol level, low salt content, etc. These positive factor about this speedily growing industry makes its global market to be boosted up in upcoming forecast period. However, high production cost due to use of high-quality ingredients for production of nutritional snacks may hamper the growth of market in forecast period. Growing urbanization led in development of large number of offices and commercial spaces where large number of employees’ work.
The main motto of these offices, companies is to provide nutritional foods, snacks to their employees so that the employees remain healthy and active and can perform there assigned tasks more efficiently. For instance, in General Motors Company, US which is a renowned industry in automotive sector started GM diet and nutritional lunch as well as dinner for their employees to maintain healthy atmosphere and to ensure wellness and fitness of the employees.
Also because of fashion trends and urbanization people has become fitness freak and wants to maintain their physique, thus number of gyms are also emerging day by day. In such gymnasium’s diets are prescribed to their clients and warned to eat only nutritional food in order to maintain good physique and good health. Consequently, upcoming gymnasium industry is also leading drivers of nutritional snack market.
Some of the major players analyzed in this report are Danone S.A, The Unilever Group, Nature Delivered Ltd., Hain Celestial Group, Inc., Tyson Foods, Inc., Hormel Foods Corporation, Mondelez International, Inc., B&G Food Inc., Select Harvests Ltd., and Kind LLC, PepsiCo Foods, Nestle S.A., General Mills, The Kellogg Company, The Kraft Heinz Company, Herbalife Ltd., Nutrisystem Inc., Calbee Inc. Dole Food Company Inc., Sun-Maid, Bel Brands, Medifast Inc., L T Foods.
Key Benefits for Stakeholders:
- This report presents a quantitative analysis of the current trends, estimations, and dynamics of the global snack market from 2019 to 2027 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- 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 of the market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment 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 market, key players, market segments, application areas, and growth strategies.
Key Market Segments:
By Type
- Sweet snacks
- Savory snacks
- Other
By Application
- Children
- Youth
- Middle Age
- Other
By Packaging
- Jars
- Boxes
- Pouches
- Cans
- Others
By Distribution Channel
- Store based
- Supermarkets/Hypermarkets
- Convenience Store
- Others
- Non-Store based
- Online Store
By Region
North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Spain
Asia Pacific
- Japan
- Australia
- Indonesia
- Singapore
- Philippines
Central & South America
- Brazil
Middle East & Africa
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