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Global Low Calorie Snacks Market Segmentation By Nature (Organic and Conventional); By Source (Animal-based, Plant-based, Marine and Others); By Packaging (Boxes, Bags, Pouches, Cans, Jars, and Others); By Product Type (Sweet snacks, Savory snacks, and Others); By Distribution channel (Supermarket/Hypermarket, Specialty stores, and Other online stores) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 12095
Pages: 175
Formats: report pdf report excel report power bi report ppt

Low Calorie Snacks Market Size, Growth (2023-2028)

The Global Low Calorie Snacks Market size was valued at US$ 7.89 billion in 2022 is projected to reach US$ 20.32 million by the end of 2028, increasing at a CAGR of 11.05% during 2023 and 2028.

Low Calorie Snacks Market

Global Low Calorie Snacks Market Scenario:

The global low calorie snacks market had experienced significant growth, majorly owing to the increasing prevalence of obesity and diabetes worldwide. In addition, the changing lifestyle of most of the world's population led the global low calorie snacks market to hold the highest revenue. Low calorie snacks include veggies, hummus, apple slices with natural peanut butter, coconut chips, hard-boiled eggs, Greek yogurt with berries, homemade energy balls, banana with nut butter, figs stuffed with goat cheese, plantain chips and guacamole, ants on a log, chicken salad on cucumber slices, protein-packed smoothies, kale chips, toasted pumpkin seeds, chia pudding, strawberries with coconut whipped cream, roasted almonds with dried cherries, vegetable soup, roasted chickpeas, fermented vegetables, green salad with protein and many others. Most of the world's population depends on low calorie food since it consists of essential nutrients and helps in reducing weight. Thus, it helps in increasing the global low calorie snack market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

Segments Covered

By Nature, Source, Packaging, Product Type, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Nestle S.A., Coca-Cola Company, PepsiCo Inc, Ajinomoto Co, Bernard Food Industries, Henkel AG, Cargill, Groupe Danone, McNeil Nutritionals and Others.

Global Low Calorie Market Drivers:

The increasing demand for low calorie snacks, primarily by people suffering from obesity, is one of the major factors that fuel the global low calorie snacks market during the forecast period. In recent years, most people are concentrating on the adoption of a healthy lifestyle. Low calorie snacks have the potential to provide various health benefits. Since there are extracted from free and natural ingredients. Today, most customers are being focused on healthy eating practices to maintain a healthy and fit body. According to a study, almost 50% of the total U.S. population is suffering from obesity. The population suffering from obesity has a risk of getting liver diseases, blood pressure, heart attacks, and cholesterol. So, this population shifted their diet to low calorie snacks to reduce the risk of having health issues. Thus, further, boost the low global calorie snacks market growth in the upcoming years.

Global Low Calorie Snacks Market Restraints:

The increasing prices of low calorie products act as the major restraint for the growth of the global low calorie snacks market. Low calorie snacks comprised of various food products include veggies, hummus, apple slices with natural peanut butter, coconut chips, hard-boiled eggs, Greek yogurt with berries, homemade energy balls, banana with nut butter, figs stuffed with goat cheese, toasted pumpkin seeds, and many others. Some of this food may be expensive, so that most of the world's population cannot afford to purchase low calorie snacks. Therefore, this price factor further declines the growth of the global low calorie snacks market.

Recent Developments in the Low Calorie Snacks Market:

  • Recently, PepsiCo announced that it plans to reduce the sugar content in iced teas and sodas and declared to launch more nutritious snacks by 2026 to attract more and more consumers.
  • The Coca-Cola Company announced that it would change the look and taste of the soft drinks, popularly known as Coke Zero, which resemble the sugary version of classic coke.
  • Nestle declared its first move into the rising market for plant-based seafood alternatives. The product comprises six ingredients and environmentally friendly pea protein that has the essential amino acids and is free of synthetic colorings.

Challenges in the Low Calorie Snacks Market:

The consumption of low calorie snacks can cause weight loss that occurs too briskly and may make you feel nauseous and tired. It can also cause constipation. People consuming low calorie snacks for 4 to 16 weeks may report minor side effects like diarrhea, constipation, gallstones, and nausea. Moreover, people having low calorie snacks can say more hungry than usual. This further hampers the global low calorie snacks market growth during 2022 - 2027.

Low Calorie Snacks Market Segmentation:

By Nature:

  • Organic
  • Conventional

Depending on the nature, the global low calorie snacks market is categorized into organic and conventional. For the last few years, the conventional segment held the highest global low calorie snacks market share. However, its popularity has also increased due to improved everyday living and knowing the benefits of low calorie snack products.

By Source:

  • Animal-based
  • Plant-based
  • Marine
  • Others

The low calorie snacks market is categorized into animal-based, plant-based, marine, and others based on the source. Among these sources, plant-based sources dominate the global low-calorie snacks market due to the increasing demand for plant-based foods, including nuts, vegetables, fruits, and grains.

By Packaging:

  • Boxes
  • Bags
  • Pouches
  • Cans
  • Jars
  • Others

The global low calorie snacks market is divided into boxes, bags, pouches, cans, jars, and others based on packaging. Boxes packaging plays a crucial role in holding the highest low calorie snacks market share, and it almost accounts for 40% of the total revenue in 2021. The boxes are gaining more demand due to their lightweight, cost-efficient, reusable, convenient, and are flexible. Therefore, manufacturers were designing boxes in various shapes and sizes as per the convenience of the consumers. In addition, the pouches segment tends to hold the highest CAGR of the global low calorie snacks market in the near future.

By Product Type:

  • Sweet snacks
  • Savory snacks
  • Others

The global low calorie snacks market is categorized into sweet snacks, savory snacks, and others based on product type. Savory snacks held the significant global low calorie snacks market share. These snacks include veggie chips, popcorn, potato snacks, homemade tomato chips, and nuts and seeds. Since these snacks consist of low calorie and high fiber content, most of the consumers were attracted to savory snacks, thus leading to the growth of the global low calorie snacks market in the next six years.

By Distribution channel:

  • Supermarket/Hypermarket
  • Specialty stores
  • Other online stores

The global low calorie snacks market is divided into specialty stores, supermarket/hypermarkets, and online sales channels based on distribution channels. Supermarket/hypermarket share primarily dominates the global low calorie snacks market owing to the growing urbanization, increasing population of working people, and competitive pricing. In addition, the online sales channel tends to grow with the highest CAGR during the forecast period due to the working population's hectic schedules.

Licorice Extract Market Geographical Segmentation Analysis:

The Global Low Calorie Snacks Market Report includes the segmentation of Regions:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

North America dominates the global low calorie snacks market share in the year 2021 owing to the increasing demand for low calorie snacks as most of the population in the U.S. was concentrated on a healthy lifestyle. Moreover, the growing population in the Asia Pacific and Europe make them the fastest growing regions. In addition, the Middle East and Africa are anticipated to have a steady CAGR in the next six years owing to the growing awareness among the population of having low calorie snacks, mainly in the MEA regions.

Impact of COVID-19 on Global Low Calorie Snacks Market:

The outbreak of coronavirus was first introduced in China, and it has widely spread across the globe. Most of the countries experienced n number of positive cases and also reported deaths in 2020. As a result, almost all the industries are shut in various regions. As the cases were rising, the government imposed lockdown everywhere in the world. The pandemic has positively affected the growth of the low calorie snacks market. Due to the COVID-19, most of the global population is concentrated on a healthy lifestyle and started having healthy food. Thus, it boosts the revenue of the low calorie snacks market during the pandemic. Post pandemic, many industries were trying to get back to their previous norms and were working hard for their business to get normal.

Low Calorie Snacks Market Key Players:

The companies covered in the report include:

  • Nestle S.A.
  • Coca-Cola Company
  • PepsiCo Inc.
  • Ajinomoto Co.
  • Bernard Food Industries
  • Henkel AG
  • Cargill
  • Groupe Danone
  • McNeil Nutritionals

 

 

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FAQ's

What are the different segments of the Global Low Calorie Snacks Market?

The Low Calorie Snacks Market is segmented on the basis of nature, source, packaging, product type, distribution channel and region.

On the basis of nature, which sector is expected to dominate the market?

For the last years the conventional sector has dominated the nature segment and it is expected to do the same in the coming years.

What are the challenges faced by the Global Low Calorie Snacks Market?

People consuming low calorie snacks for 4 to 16 weeks may report minor side effects like diarrhoea, constipation, gallstones, and nausea.

What are the different types of packaging available in the market?

The global low calorie snacks market is divided into boxes, bags, pouches, cans, jars, and others based on packaging.

Which region is expected to dominate the Global Low Calorie Snacks Market?

North America is expected to dominate the market owing to increase in consumer awareness towards a healthy lifestyle.

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