The global healthy snacks market size was valued at USD 96.02 billion in 2023 and is predicted to reach around USD 175.56 billion by 2033, expanding at a CAGR of 6.22% from 2024 to 2033.
Key Points
- The North America healthy snacks market size reached USD 38.41 billion in 2023 and is predicted to attain around USD 71.10 billion by 2033, at a CAGR of 6.35% from 2024 to 2033.
- North America dominated the market with the largest revenue share of 40% in 2023.
- Asia Pacific is expected to expand at the fastest CAGR of 6.82% during the forecast period.
- By product, the fruit, nuts, and seeds segment has held a major revenue share of 39% in 2023.
- By product type, the bakery snacks segment is projected to grow at a significant CAGR of 6.42% during the forecast period.
- By claim, the low/no sugar segment has contributed more than 40% of revenue share in 2023.
- By packaging, bag and pouches segment has held a largest revenue share of 43% in 2023.
- By distribution channel, the supermarkets and hypermarkets segment has held a biggest revenue share of 44% in 2023.
The corrugated board market is a vital segment within the packaging industry, characterized by its versatile applications across various sectors such as food and beverage, electronics, and e-commerce. Corrugated boards are widely favored due to their lightweight nature, durability, and eco-friendly properties, making them a preferred choice for packaging solutions globally.
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Growth Factors
Several factors drive the growth of the corrugated board market. Increasing demand for sustainable packaging solutions, coupled with stringent regulations promoting environmentally friendly materials, has propelled the market forward. Moreover, the rise of e-commerce activities has significantly boosted the demand for corrugated boards as they are essential for safe and secure shipping of goods.
Region Insights:
The corrugated board market exhibits strong regional variations. North America and Europe are mature markets with high adoption rates of corrugated packaging, driven by established retail infrastructure and stringent environmental regulations. In contrast, Asia-Pacific is witnessing rapid growth due to industrialization, urbanization, and increasing disposable incomes driving demand across various end-user industries.
Healthy Snacks Market Scope
| Report Coverage | Details |
| Market Size by 2033 | USD 175.56 Billion |
| Market Size in 2023 | USD 96.02 Billion |
| Market Size in 2024 | USD 101.99 Billion |
| Market Growth Rate from 2024 to 2033 | CAGR of 6.22% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | Product Type, Claim Type, Packaging Type, Distribution Channel, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Healthy Snacks Market Dynamics
Drivers:
Key drivers influencing the corrugated board market include the continuous innovation in packaging design to meet changing consumer preferences and technological advancements in manufacturing processes that enhance efficiency and product quality. Additionally, the growing awareness among consumers and businesses regarding the environmental benefits of corrugated packaging materials drives market expansion.
Opportunities:
The corrugated board market presents opportunities for growth through expanding applications in new industries such as healthcare and pharmaceuticals, where packaging requirements are stringent and specialized. Furthermore, advancements in digital printing technologies offer opportunities for customization and personalization of corrugated packaging solutions, catering to the evolving demands of modern consumers.
Challenges:
Despite its growth prospects, the corrugated board market faces challenges such as fluctuating raw material costs, particularly for paper and adhesives, which impact production economics. Additionally, managing supply chain complexities and ensuring compliance with diverse regulatory frameworks across different regions pose challenges for market participants.
Read Also: Corrugated Board Market Size to Reach USD 296.16 Bn By 2033
Healthy Snacks Market Companies
- Nestlé S.A.
- Kellanova (The Kellogg Company)
- Unilever
- Danone
- PepsiCo
- Mondelēz International
- Hormel Foods Corporation
- Del Monte Foods, Inc.
- Select Harvest
- Monsoon Harvest
Recent Developments
- In 2023, Kellanova and Maria Menounos collaborated on the launch of ManifX bars. The snack contains 12 grams of protein with flavours like Sea Salt.
- In December 2023Farmley, a healthy snacking startup raised 6.7 million in pre-series B funding. The startup aims to enhance its offline retail presence and drive product innovation.
- In 2023, Danone announced a high-protein dairy snack under the name of GetPRO. The product is designed for individuals who aim to optimize their workout regime. The product contains 15-20 g protein with zero added sugar.
Segments Covered in the Report
By Product Type
- Fruit, seeds, and nuts
- Frozen and Refrigerated
- Bakery Snacks
- Savory
- Bars and Confectionery
- Dairy
- Others
By Claim Type
- No/Low sugar
- Gluten-free
- Low/No fat
By Packaging Type
- Bag and Pouches
- Cans
- Boxes
- Jars
- Others
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Platforms
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
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