The North America High Fibre Snacks Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 945.2 kilo tonnes, showcasing a growth of 9.1% (2019-2022).
High fiber snacks are increasingly necessary due to the rise in on-the-go snacking, the need for high fiber foods, and rising spending power, particularly in emerging economies. It offers several health benefits without having an adverse effect on health. The growth of market is driven by the increase in health consciousness and the importance of consumption of these snacks by people due to the harmful side effects of conventional snacks, such as the increase in obesity, a rise in a rise in the body's calorie count and a reduction in the nutritional advantages.
In addition to the rise in demand for healthy high fiber snacks, the low barriers to entry have also led to plenty of space for expansion in the market, owing to the lower required initial capital. To expand their consumer base, market participants for high fiber snacks are continuously innovating and introducing new varieties of high fiber snacks. It is expected to have a substantial positive impact on market expansion and revenue.
The North American retail industry has played a crucial role in promoting the sales of healthy snacks. With the increasing availability of healthy snack options and the ease of online shopping, consumers can make more informed choices and adopt healthier eating habits. The proliferation of supermarkets, hypermarkets, and convenience stores has also contributed to the growth of healthy snack sales. Convenience stores are now partnering with delivery platforms to expand their e-commerce presence. Thus, the region presents lucrative opportunities for the expansion of the market.
The US market dominated the North America High Fibre Snacks Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,605.5 million by 2030. The Canada market is experiencing a CAGR of 11.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The High Fibre Snacks Market is Predict to reach $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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