The Europe High Fibre Snacks Market would witness market growth of 9.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 742.4 kilo tonnes, showcasing a growth of 9.7% (2019-2022).
The market is anticipated to be driven by the escalating introduction of innovative goods with enhanced flavor and quality and the growing public awareness of the importance of a healthy diet. Thus, there is an increased demand for convenient, nutritionally balanced, on-the-go refreshments. The market has responded with innovative and varied product offerings that appeal to these changing preferences. As a result of opportunities in the market, numerous businesses have introduced a variety of high fiber snack foods.
In addition, social media has also played a significant role in popularizing healthy dietary trends and shaping consumer preferences. The development and initiatives of manufacturers to enter the direct-to-consumer (DTC) snack sector, which will target consumers through various channels and with healthy snacks of balanced quality and price, have resulted from the increasing demand for functional snacks and the online consumer segment.
Many products are widely available from European sources, with widespread cereal preparations made from wheat, spelled, and oats. Cereal bars, including granola bars, muesli bars, and energy bars, are popular for quick and convenient on-the-go snacks. They are often made with oats, nuts, dried fruits, and grains. Muesli is a traditional European cereal-based snack made from rolled oats, dried fruits, nuts, and seeds. Some European countries have traditional cereal-based cookies or biscuits, such as oat biscuits or oatcakes, which are often enjoyed as snacks with tea or coffee. The popularity of these snacks will be responsible for accelerating the growth of this region's market.
The Germany market dominated the Europe High Fibre Snacks Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,234.3 million by 2030. The UK market is exhibiting a CAGR of 8.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 10.2% during (2023 - 2030).
Based on Nature, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retailers and Others. Based on Product, the market is segmented into Cereal & Granola Bars, Nuts & Seeds, Dried Fruits, Meat Snacks, Biscuits & Cookies, Trail Mix Snacks and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global High Fibre Snacks Market will Hit $48.4 Billion by 2030, at a CAGR of 9.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Mills, Inc., Hodgson Mill, Inc., Bearded Brothers, LLC, Kellogg Company, Flowers Foods, Inc., Mars, Inc. (Kind LLC), Energy Bar Foods (Visionary Nutrition, LLC), Ardent Mills, Mojo Snacks and Grain Millers, Inc.
By Nature (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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