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The low calorie snacks market share is expected to increase to USD 3.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.74%.
The report extensively covers low calorie snacks market segmentations by the following:
The low calorie snacks market report offers information on several market vendors, including Ajinomoto Co. Inc., Archer Daniels Midland Co., Beneo GmbH, Bernard Food Industries, Calbee Inc., Cargill Inc., Conagra Brands Inc., Danone SA, Dole Food Co. Inc., General Mills Inc., Ingredion Inc., Mondelez International Inc., Nestle SA, PepsiCo Inc., Roast Way Foods, The Hain Celestial Group Inc., Tyson Foods Inc., and Warrell Corp. among others.
This low calorie snacks market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The changing consumer tastes and preferences is notably driving the low calorie snacks market growth, although factors such as the low availability of the product in developing economies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the low calorie snacks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Low Calorie Snacks Market Driver
The changing consumer tastes and preferences is one of the key drivers supporting the low calorie snacks market growth. Nowadays, the demand for unique products has increased, especially among the youth. In view of this, manufacturers are focusing on extending their brands, developing new products, and launching new brands. Any market's long-term viability depends on continuous product development and innovation, and the global low calorie snacks market is no exception. As a result, low calorie snack manufacturers are concentrating on launching a variety of snacks with different flavors and ingredients. Moreover, manufacturers are also aware of the cultural influences of numerous countries and regions. As a result, international brands tailor their offerings to suit local preferences, which, in turn, is boosting the growth of the global low calorie snacks market.
Key Low Calorie Snacks Market Trend
The rising trend of healthy snacking is one of the key low calorie snacks market trends contributing to the market growth. Factors such as the increase in dual household income, per capita income, and rapid growth in the employment rate have driven the increase in disposable income worldwide. The growth in disposable income is expected to increase the spending and purchasing power of consumers. The eating habits of consumers are changing due to their increasingly sedentary and stressful lifestyles. Furthermore, food preferences have changed, resulting in the demand for easy-to-eat and-serve foods and healthier snacks. Such change in preferences will contribute to the global low calorie snacks market growth during the forecast period.
Key Low Calorie Snacks Market Challenge
The low availability of the product in developing economies is one of the factors hampering the low calorie snacks market growth. There is an increase in demand for high calorie food due to the growing taste preferences of the consumers. Moreover, it provides more energy and nourishment than low calorie snacks. For instance, weightlifters may choose high calorie, nutritious snacks to bulk up their muscles. Regular gym-goers can use them to boost their endurance. It can be difficult for some people to consume enough calories without being overly satiated. A person must consume more calories than they expend each day in order to acquire weight. Consuming calorie- and nutrient-dense snacks in between meals is an effective strategy to increase energy intake without feeling overly full. Such an increase in consumption of high calorie food will hamper the low calorie snacks market growth during the forecast period.
This low calorie snacks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the low calorie snacks market encompasses successful business strategies deployed by the key vendors. The low calorie snacks market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, service, reputation, distribution, and promotion to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The low calorie snacks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
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38% of the market's growth will originate from North America during the forecast period. The US is the key market for low-calorie snacks market in North America. Market growth in this region will be slower than the growth of the market in Europe.
The rising number of dual-working households will facilitate the low calorie snacks market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely affected the regional market. However, in 2021, the initiation of COVID-19 vaccination drives led to the lifting of lockdowns and the resumption of industrial operations. This increased the demand for low calorie snacks in retail stores. Thus, these factors are expected to drive the growth of the regional low calorie snacks market during the forecast period.
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The low calorie snacks market share growth by the offline distribution segment will be significant during the forecast period. Hypermarkets and supermarkets are the key distribution channels for low calorie snacks in the offline distribution segment. Moreover, consumers prefer them because they can find products from all categories in one location, which is not possible to do in smaller stores. Consumers who buy a certain quantity of products at hypermarkets and supermarkets receive discounts and free products, thus increasing sales through these channels. Such factors of offline distribution channels will drive the low calorie snacks market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the low calorie snacks market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global low calorie snacks market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the low calorie snacks market during the forecast period.
Our report provides extensive information on the value chain analysis for the low calorie snacks market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Low Calorie Snacks Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.74% |
Market growth 2022-2026 |
$3.69 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ajinomoto Co. Inc., Archer Daniels Midland Co., Beneo GmbH, Bernard Food Industries, Calbee Inc., Cargill Inc., Conagra Brands Inc., Danone SA, Dole Food Co. Inc., General Mills Inc., Ingredion Inc., Mondelez International Inc., Nestle SA, PepsiCo Inc., Roast Way Foods, The Hain Celestial Group Inc., Tyson Foods Inc., and Warrell Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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