Product ID: UCMIG30I2301
Report ID:
UCMIG30I2301 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for nutritious snacks had an estimated value of approximately $90.62 billion in 2022 and is anticipated to experience a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. This growth is primarily driven by increasing awareness of health and wellness, as well as a rising concern about lifestyle-related health issues, which has spurred consumer interest in healthier snack options. As a result, there is a growing demand for convenient, nutritionally balanced snacks that can be consumed on the go, leading to a wide range of innovative snack products that cater to changing preferences in the market. Furthermore, the influence of social media in promoting healthy eating trends and impacting consumer choices, along with the integration of wellness programs in workplaces, has also contributed to the expansion of the healthy snacks market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30I2301