The North America Low Calorie Snacks Market would witness market growth of 11.9% CAGR during the forecast period (2022-2028).
The market for low-calorie foods is one of the fastest-growing segments in the health food industry. Low-calorie foods are advantageous for various health conditions; thus, the demand for such foods has increased. Snacks are available in various formats, including packaged snack foods and other processed meals. Proteins, vitamins, and minerals are nutrient-rich and beneficial elements in snack foods.
Compared to usual snacks, low-calorie snacks such as potato chips, bakery items such as pancakes, bagels, pretzels, and cookies, and confections such as candies, chocolates, and raisins include nutritional and gluten-free components. Low-calorie snacks can provide several health advantages without compromising the body when made from natural and unprocessed components. Modern consumers are increasingly conscious of their diets due to a growing holistic view of their health, encompassing nearly every aspect of good living, including weight management.
Several People in America lead stressful lifestyles and have little time to prepare family dinners. Due to increased time constraints caused by work, childcare, and transportation, people commonly choose convenience foods. In addition, the rise of supermarkets and hypermarkets, the long-established, contemporary retail operations, and the high demand contribute to the simple availability. The United States has one of the greatest per capita incomes and, consequently, one of the largest discretionary spending amounts. This enhances their purchasing power and allows them to explore different foods. The rising demand for healthy convenience foods is expected to propel the market growth for low calorie snacks in the region.
The US market dominated the North America Low Calorie Snacks Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,898.4 million by 2028. The Canada market is poised to grow at a CAGR of 14.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.4% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into B2C (Hypermarket/supermarket, Specialty Stores, Online Sales and Others) and B2B. Based on Type, the market is segmented into Savory Snacks, Sweet Snacks, and Others. Based on Packaging Type, the market is segmented into Pouches, Can and Jar & Others. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Low Calorie Snacks Market is Predict to reach $17.9 Billion by 2028, at a CAGR of 12.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingredion Incorporated, The Kraft Heinz Company, The Hain Celestial Group, Inc., Conagra Brands, Inc., Nestle S.A., Archer-Daniels-Midland Company, General Mills, Inc., Danone, S.A., Mondelez International, Inc., and Cargill, Corporation.
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