The Global High Fibre Snacks Market size is expected to reach $48.4 billion by 2030, rising at a market growth of 9.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,577.1 kilo tonnes, experiencing a growth of 9.9% (2019-2022).
Many health experts suggest people that they should add cereals and grains to their diets as it reduces the risk of heart disease and diabetes, which is fuelling the cereals and grains segment's growth. Consequently, the cereal and granola bars segment captured $11.8 billion by 2030. Dietary fiber is primarily derived from grains and cereals, including oats, barley, maize, rice, and wheat. The characteristic of dietary fiber is that it forms a substance when it comes in contact with abdominal fluid, slowing down digestion, which completes the absorption of nutrients from food, rendering them available for use by the body. It also aids in lowering blood levels of low-density lipoprotein, also known as poor cholesterol. Some of the factors impacting the market are increasing demand for healthy foods, rising popularity of convenience foods and technological and processing-related challenges. Some of the factors impacting the market are increasing demand for healthy foods, rising popularity of convenience foods and technological and processing-related challenges.
The primary driver of the market is the rising consumer demand for healthy foods to protect general health and reduce the risk of various lifestyle-related chronic health disorders. In the food category, customers are still looking for healthier options. Retail channels have embraced food goods incorporating valuable elements, including micronutrients, proteins, fiber, organic, plant-based, and clean-label products. The healthy snacks industry is experiencing rapid growth due to the increasing demand for convenient, ready-to-eat foods and on-the-go snacking. The busy lifestyle of modern consumers has made on-the-go products a popular choice, as they provide quick nutrition and a feeling of satiety, enabling people to get through their day quickly. Therefore, the introduction of on-the-go snacks will aid in the expansion of the market in the coming years.
However, the market is challenging for manufacturers facing various technological and processing-related obstacles. The texture and crispiness of snacks are critical factors that consumers notice when purchasing products, and they play a vital role in determining whether or not a snack is appealing. However, manufacturers face challenges when trying to reduce or remove fats and sugar and incorporate whole grains into their products, as doing so can negatively impact the moisture retention and binding capacity of ingredients, ultimately affecting the final texture of the product. Hence, the technological and processing difficulties associated with the production of high fiber snacks can hamper the expansion of the market.
Based on distribution channel, the market is characterized by supermarkets/hypermarkets, specialty stores, convenience stores, online retailers, and others. In 2022, the convenience stores segment recorded a significant revenue share in the high fiber snacks market. Convenience stores have gained significant popularity in recent years, especially in urban and suburban areas, primarily due to their convenience and accessibility. Convenience stores are particularly relevant for individuals who are short on time, requiring easy access to healthy snacks. Competitive pricing and discounts on healthy snacks further incentivize consumers to choose these options over less nutritious alternatives.
Based on nature, the market is characterized into organic and conventional. In 2022, the conventional segment recorded the highest revenue share in the high fiber snacks market. The segment is expected to remain dominant during the forecast period. The growth of the high fiber snacks market in the food and beverage industry is due to its commercial application. High fiber food is in high demand because it is low in calories and rich in vitamins and nutrients, particularly for functional beverages.
Based on product, the market is characterized into cereal & granola bars, nuts & seeds, dried fruits, meat snacks, biscuits & cookies, trail mix snacks, and others. In 2022, the cookies and biscuits segment acquired a significant revenue share in the high fiber snacks market. The rise in demand for sugar-free cookies can be attributed to the desire to maintain a healthy lifestyle and lose weight. A significant portion of the young population is conscious of their sugar intake and tries to regulate it as much as possible to maintain weight.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 23.4 Billion |
| Market size forecast in 2030 | USD 48.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 9.6% from 2023 to 2030 |
| Number of Pages | 408 |
| Number of Table | 790 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD million and CAGR from 2019-2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Nature, Product, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. Region-wise, the high fiber snacks market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment recorded the highest revenue share in the High fiber snacks market. In recent years, particularly after the pandemic, the demand for nutrient-rich snacks has increased in the United States. The United States already consumes many snacks, but to reduce the health concerns associated with excessive snacking, consumers are placing a greater emphasis on consuming nutritious snacks. Another significant element driving the sales of healthy snacks in the region is the high supermarket and hypermarket expansion rates, combined with convenience businesses.
Free Valuable Insights: Global High Fibre Snacks Market size to reach USD 48.4 Billion by 2030
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 Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
This Market size is expected to reach $48.4 billion by 2030.
Increasing Demand for Healthy Foods are driving the Market in coming years, however, Technological And Processing-Related Challenges restraints the growth of the Market.
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.
In the year 2022, the market attained a volume of 3,577.1 kilo tonnes, experiencing a growth of 9.9% (2019-2022).
The Supermarkets/Hypermarkets segment is leading the Market, By Distribution Channel in 2022; thereby, achieving a market value of $14.8 billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,197.5 million by 2030.
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