According to a new report, published by KBV research, The Global Low Calorie Snacks Market size is expected to reach $17.9 billion by 2028, rising at a market growth of 12.1% CAGR during the forecast period.
The B2B segment is showcasing a CAGR of 14.9% during (2022 - 2028). This is due to the rising digitization of business-to-business networks has streamlined and simplified manufacturing operations. Manufacturers advertise their products on social media platforms directly or through digital marketing. Business to Business has also enabled manufacturers to produce more affordable goods by reducing shipping and other supply chain expenses.
The Savory Snacks segment is acquired maximum revenue share in the Global Low Calorie Snacks Market by Type in 2021 thereby, achieving a market value of $11 billion by 2028. This is due to the increased consumer spending on food items and rising demand for savory snacks during movie times in malls and the multiplex sector. Also, increasing urbanization and expanding population consumption substantially influence the food and beverage industry's expansion, and the predominant trend in the food and beverage industry towards snacking items is a major factor driving the expansion of the low-calorie snack market.
The Pouches segment is leading the Global Low Calorie Snacks Market by Packaging Type in 2021 thereby, achieving a market value of $8.8 billion by 2028. This is because pouches were the most popular and commonly used packing material. They are often one of the most eco-friendly and reusable solutions. Furthermore, several methods exist to keep plastic pouches on hand and reuse them, making them an environmentally friendly option.
The Organic segment has shown the growth rate of 14.5% during (2022 - 2028). This is due to the increased consumer awareness of the hazards of using products containing harsh chemicals, petrochemicals, and preservatives. As a result, major industry players have made significant expenditures in research and development to expand the production of savory snacks in response to altering customer preferences through organic mediums. The demand for healthy snacks generated from healthy mediums is increasing, which is anticipated to boost the segment's expansion.
The Europe market dominated the Global Low Calorie Snacks Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.8 billion by 2028. The North America market is exhibiting a CAGR of 11.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 12.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/low-calorie-snacks-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
By Type
By Packaging Type
By Nature
By Geography
Companies Profiled
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