During the projected period, Healthy Fat-Free Snacks Market is expected to grow at a CAGR of 5.6%. The market value is projected to increase from US$ 8.4 billion in 2023 to US$ 14.4 billion by 2033.
According to the latest research by Future Market Insights, during the years 2023-2033, the demand for healthy fat-free snacks is expected to expand steadily. Demand for healthy fat-free snacks will slowly rebound in the short-term period, with a promising long-term growth outlook. Health-conscious customers are driving demand for fat-free snacks.
Changing consumer demographics have enhanced the demand for a healthy fat-free snacks market as people nowadays want such snacking options that not only satisfy hunger but also provide health benefits such as a healthy heart, good cholesterol weight management and sugar control.
Thus these crucial health benefits are projected to increase the healthy fat-free snacks market during the forecast period. Increasing lifestyle diseases is among the major reason driving demand for healthy fat-free snacks. Consumers have become conscious about their eating habits and ensure that, by consuming healthy fat-free snacks, which are made up of good quality ingredients and with zero oil and fat content.
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The launch of new novel flavours with different combinations by manufacturers is driving the demand for a healthy fat-free snacks market. Youngers are getting attracted to these new product innovations which include plant-based ingredients which are loaded with proteins. New product launches with unique packaging which is environmental friendly are grabbing consumer’s attention and thus propelling the growth of the market.
Work from Home Culture due to Covid-19 to Augment Healthy Fat-free Snacks Sales
As work from home needs more efficiency and recovery, there is nothing like an energy protein bar, which is healthy as well as has no fat that help’s to relieve us from the immediate stress of work while offering mental stimulation. This shift towards healthy no-fat snacks due to work from home culture fueling the demand for healthy fat snacks market.
During the pandemic children spent more time at home therefore snacking had increased, parents opted for giving healthy no-fat snacks to children to avoid the problems of obesity in young children due to excess snacking. Thus work from home culture due to covid-19 is boosting the sales of healthy fat-free snacks.
US and Canada Healthy Fat-free Snacks Market Outlook
The US is one of the largest markets for healthy fat-free snacks market globally. The US healthy fat-free snacks market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031. Demand is likely to remain muted in the next couple of years, as several end-use industries make a gradual recovery.
Another factor is rising obesity among youngsters and grown-ups a primary driver for launching new healthy fat-free fat snacks products in the market such as baked potato chips, chickpeas puffs in the US and Canada. The presence of key manufacturers in the region is ensuring availability and easy access of products as well as the launch of new products gaining popularity for healthy fat-free snacks market.
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Europe Demand Outlook for Healthy Fat-free Snacks Market
Many countries in the EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, as is the case in the US and Canada, health-conscious consumers in the EU continues to drive demand for a healthy fat-free snacks market.
Despite the COVID-19 challenges, most European countries have maintained a steady growth due to technological advancement in the area of food processing in the region and changing food preference of consumers. Europe is also expected to grow with a lucrative CAGR over the forecast period.
Another factor that is the contributor to the growth of healthy fat-free snacks in Europe is the shift of consumers to the keto diet which strictly follows the regime of low calorie and zero fat content food items. Thus consumers following the keto diet have relief with these tasty yet healthy fat-free snacks.
Who are the Key Manufacturers and Suppliers of Healthy Fat-free Snacks?
Some of the leading manufacturers and suppliers of healthy fat-free snacks include
- General Mills Inc.
- Dole Food Company Inc.
- Sun-Maid Bel Brands
- Medifast Inc.
- Mondelez International Inc.
- L T Foods
- Danone
- Green park brand
- Good Fish
- Food should taste good
- Vessels
- Lytepop
- Mr Makkana
- Siggis
- Too Yum Inc.
- Himalayan wellness
- Omay foods
- Yoga Bars
- The whole truth
- Ritebite Max
- Other
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments of Healthy Fat-free Snacks Market
By Type:
- Sweet Snacks
- Savoury Snacks
- Others
By Nature:
- Organic
- Conventional
By Source:
- Plant-based
- Animal-based
By Packaging:
- Bags
- Boxes
- Pouches
- Cans
- Jars
- Others
By Distribution Channel:
- B2B (Direct Sales)
- B2C (Indirect Sales)
- Store-based Retailing
- Supermarket/Hypermarket
- Groceries
- Independent Retailers
- Convenience Stores
- Service Stations
- Specialist
- Others
- Online Retail
- Store-based Retailing
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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