Global Low-Calorie Snacks Market Size, Trends, and Growth Opportunity, By Source (Plant-Based, Animal-Based, Marine, Others), Nature (Organic, Conventional), Packaging (Bags, Boxes, Pouches, Cans, Jars, Others), Product Type (Sweet Snacks, Savory Snacks, Others), Sales Channel (B2B (Direct Sales), B2C (Indirect Sales)) By Region and forecast till 2027.
Global Low-Calorie Snacks Market
The global Low-Calorie Snacks Market was valued at USD 8500 Million in 2021 and is slated to reach USD 20624 Million by 2027 at a CAGR of 15.92 % from 2022-2027.
Low-calorie snacks, also known as kefir or kephir, is a fermented milk drinks made from low-calorie snack grains that are similar to thin yogurt. A specific type of mesophilic symbiotic culture is low-calorie snack grain. It is made by combining yeast and bacteria cultures with milk. This allows them to multiply and produce a fermented beverage. Low-calorie snacks with a tangy and tart flavor and the consistency of drinkable yogurt.
Market Drivers
The growing prevalence of obesity and other obesity-related diseases around the world is expected to drive the growth of the low-calorie snacks market. According to World Health Organization estimates, more than 1.9 billion adults were overweight in 2016, with over 650 million being obese. Furthermore, approximately 38 million children under the age of five were obese or overweight in 2019. As a result, rising obesity rates are a major factor driving global market growth over the forecast period. In recent years, developing economies' per capita income has risen dramatically. The per capita income of china increased by 0.3% in 2019 compared to 2018. When compared to 2016, India's disposable income increased by approximately 9.4% in 2017. Because of increased global awareness of fitness and rising disposable incomes, consumers are more likely to purchase environmentally friendly and high-end products such as low-calorie meals. Additionally, there are many opportunities for the expansion of the low-calorie snack market globally thanks to the benefits of corporate wellness programmes and advantageous governmental regulations.
Market Restraints
Taste is a major factor in reducing the consumption of low-calorie snacks. Furthermore, the high cost of low-calorie snacks is expected to stifle market growth during the forecast period. Ready-to-eat food claims to have few potential health threats that will likely obstruct market growth over the forecast period, while processed food claims to have few potential health threats. Customers' preference for baked goods such as bread, cookies, and rolls over cereals such as wheat, oat, and barley, which are high in proteins, fiber, minerals, and carbohydrates, is expected to limit the growth of the low-calorie snack market. Despite the fact that there are many healthy snack options available, cereal grains are the best energy source. They effectively prevent and treat a wide range of illnesses, including cancer, diabetes, constipation, and others. As a result, the availability of healthier alternatives limits the market growth.
Impact of COVID-19
Because of the COVID-19 pandemic, there has been a sudden drop in the demand for and sale of snacks. During the early stages of the lockdown, panic buying of food supplies by consumers contributed to the rapid sale of ready-to-eat food in retail distribution channels. According to the United States Department of Agriculture, grocery store sales increased by 99% in the middle of March and will be 25% higher on April 1st, 2020, when compared to the previous year. The current pandemic's trend of consuming nutrient-enriched products to maintain overall health and immunity is expected to create enormous opportunities for healthy food manufacturers in the coming years.
Recent Developments
Archer Daniels Midland and PepsiCo Company announced a groundbreaking 7.5-year strategic commercial contract in 2022 to collaborate on initiatives that will significantly increase the use of regenerative agriculture in all North American supply chains. By 2030, this strategic alliance is expected to cover approximately 2 million acres.
Archer Daniels Midland Company and New Culturr, a pioneer in animal-free dairy, will collaborate in 2022. This collaboration demonstrates both companies' commitment to making food production more sustainable in the future.
Market Segmentation
The global Low-Calorie Snacks Market is segmented By Source, Nature, Packaging, Product Type, and Sales Channel. By Sources such as Plant-Based, Animal-Based, Marine, and Others. By Nature such as Organic, Conventional. By packagings such as Bags, Boxes, Pouches, Cans, Jars, and Others. By Product Types such as Sweet Snacks, Savory Snacks, and Others. By Sales Channels such as B2B (Direct Sales), and B2C (Indirect Sales).
Regional Analysis
Global Low-Calorie Snacks Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. In terms of revenue and market share, North America dominates the low-calorie snack market. This is primarily due to the increasing adoption of products that aid in the maintenance of cholesterol, blood sugar, and blood sugar in this region. Furthermore, the growing prevalence of health consciousness among people is expected to boost the market growth. Due to the growth and expansion of the food and beverage industries in this region, Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2027.
Key Players
This report includes a list of numerous Key Players, namely Cargill, Incorporated (U.S.), Eat Natural (U.K.), Maple Leaf Foods (Canada), Greenleaf Foods SPC (U.S.), Danone S.A. (Switzerland), Nestle S.A. (Switzerland), Unilever (U.K.), Siren Snacks (U.S.), Green Park Brands (U.K.), PRIMAL SPIRIT FOODS INC. (U.S.).
Market Taxonomy
By Source
• Plant-Based
• Animal-Based
• Marine
• Others
By Nature
• Organic
• Conventional
By Packaging
• Bags
• Boxes
• Pouches
• Cans
• Jars
• Others
By Product Type
• Sweet Snacks
• Savory Snacks
• Others
By Sales Channel
• B2B (Direct Sales)
• B2C (Indirect Sales)
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Low Calorie Snacks Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Low Calorie Snacks Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Low Calorie Snacks Market, By Source
5.1 Y-o-Y Growth Comparison, By Source
5.2 Global Low Calorie Snacks Market Share Analysis, By Source
5.3 Global Low Calorie Snacks Market Size and Forecast, By Source
5.3.1 Plant-Based
5.3.2 Animal-Based
5.3.3 Marine
5.3.4 Others
6 Global Low Calorie Snacks Market, By Nature
6.1 Y-o-Y Growth Comparison, By Nature
6.2 Global Low Calorie Snacks Market Share Analysis, By Nature
6.3 Global Low Calorie Snacks Market Share Analysis, By Nature
6.3.1 Organic
6.3.2 Conventional
7.Global Low Calorie Snacks Market, By Packaging
7.1 Y-o-Y Growth Comparison, By Packaging
7.2 Global Low Calorie Snacks Market Share Analysis, By Packaging
7.3 Global Low Calorie Snacks Market Share Analysis, By Packaging
7.3.1 Bags
7.3.2 Boxes
7.3.3 Pouches
7.3.4 Cans
7.3.5 Jars
7.3.6 Others
8.Global Low Calorie Snacks Market, By Product Type
8.1 Y-o-Y Growth Comparison, By Product Type
8.2 Global Low Calorie Snacks Market Share Analysis, By Product Type
8.3 Global Low Calorie Snacks Market Share Analysis, By Product Type
8.3.1 Sweet Snacks
8.3.2 Savory Snacks
8.3.3 Others
9.Global Low Calorie Snacks Market, By Sales Channel
9.1 Y-o-Y Growth Comparison, By Sales Channel
9.2 Global Low Calorie Snacks Market Share Analysis, By Sales Channel
9.3 Global Low Calorie Snacks Market Share Analysis, By Sales Channel
9.3.1 B2B (Direct Sales)
9.3.2 B2C (Indirect Sales)
10 Global Low Calorie Snacks Market, By Region
10.1 Global Low Calorie Snacks Market Share Analysis, By Region
10.2 Global Low Calorie Snacks Market Share Analysis, By Region
11 North America Low Calorie Snacks Market and Forecast (2022-2027)
11.1 Introduction
11.2 North America Low Calorie Snacks Market Share Analysis, By Source
11.3 North America Low Calorie Snacks Market Size and Forecast, By Nature
11.4 North America Low Calorie Snacks Market, By Packaging
11.5 North America Low Calorie Snacks Market Size and Forecast, By Product Type
11.6 North America Low Calorie Snacks Market Share Analysis, By Sales Channel
11.7 North America Low Calorie Snacks Market Size and Forecast, By Country
11.7.1 U.S
11.7.2 Canada
11.7.3 Mexico
12 Europe Low Calorie Snacks Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Low Calorie Snacks Market Share Analysis, By Source
12.3 Europe Low Calorie Snacks Market Size and Forecast, By Nature
12.4 Europe Low Calorie Snacks Market, By Packaging
12.5 Europe Low Calorie Snacks Market Size and Forecast, By Product Type
12.6 Europe Low Calorie Snacks Market Share Analysis, By Sales Channel
10.7 Europe Low Calorie Snacks Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Low Calorie Snacks Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia-Pacific Low Calorie Snacks Market Size and Forecast, By Source
13.3 Asia-Pacific Low Calorie Snacks Market Size and Forecast, By Nature
13.4 Asia-Pacific Low Calorie Snacks Market, By Packaging
13.5 Asia-Pacific Low Calorie Snacks Market Size and Forecast, By Product Type
13.6 Asia-Pacific Low Calorie Snacks Market Share Analysis, By Sales Channel
11.7 Asia-Pacific Low Calorie Snacks Market Size and Forecast, By Country
11.7.1 China
11.7.2 Japan
11.7.3 India
11.5.4. Rest of Asia Pacific
14 Latin America Low Calorie Snacks Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Low Calorie Snacks Market Size and Forecast, By Source
14.3 Latin America Low Calorie Snacks Market Size and Forecast, By Nature
14.4 Latin America Low Calorie Snacks Market, By Packaging
14.5 Latin America Low Calorie Snacks Market Size and Forecast, By Product Type
14.6 Latin America Low Calorie Snacks Market Share Analysis, By Sales Channel
14.7 Latin America Low Calorie Snacks Market Size and Forecast, By Country
14.7.1 Brazil
14.7.2.Rest of Latin America
15 Middle East Low Calorie Snacks Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Low Calorie Snacks Market Share Analysis, By Source
15.3 Middle East Low Calorie Snacks Market Size and Forecast, By Nature
15.4 Middle East Low Calorie Snacks Market, By Packaging
15.5 Middle East Low Calorie Snacks Market Size and Forecast, By Product Type
15.6 Middle East Low Calorie Snacks Market Share Analysis, By Sales Channel
15.7 Middle East Low Calorie Snacks Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.2. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. Cargill, Incorporated (U.S.)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Eat Natural (U.K.)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Maple Leaf Foods (Canada)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. Greenleaf Foods SPC (U.S.)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5. Danone S.A. (Switzerland)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6. Nestle S.A. (Switzerland)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7. Unilever (U.K.)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8. Siren Snacks (U.S.)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9. Green Park Brands (U.K.)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10. PRIMAL SPIRIT FOODS INC. (U.S.)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
