The high-fiber snacks market is experiencing strong growth, rising from $22.32 billion in 2023 to $24.34 billion in 2024, representing a CAGR of 9.0%. This increase is attributed to heightened health awareness, the growing popularity of clean-label products, and the expanding availability of high-fiber snacks. The market is projected to grow further, reaching $34.56 billion by 2028 at a CAGR of 9.2%. Factors driving this growth include consumer demand for sustainable ingredients, a focus on reducing food waste, and innovations in snack offerings tailored to local preferences.
Major Driver In The High Fiber Snacks Market
The high-fiber snacks market is projected to experience substantial growth due to the increasing demand for healthy foods. Factors such as heightened health awareness and shifts toward natural products are propelling this trend. Agriculture and Agri-Food Canada reported that sales of natural savory snacks, including high-fiber options, reached US$2,694.8 million in 2022, reflecting a 5.2% increase from 2021. Thus, the rising demand for nutritious snacks is driving this market forward.
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High Fiber Snacks Market Competitive Landscape
Nestle Holdings Ltd., PepsiCo Inc., Mars Inc., Mondelez International Inc., Hodgson Mill Inc., General Mills Inc., Post Holdings Inc., Flowers Foods Inc., The Hain Celestial Group Inc., Ardent Mills LLC, Nature's Path Foods Inc., Bob's Red Mill Natural Foods Inc., Grain Millers Inc., Kind LLC, Kellogg India Pvt. Ltd, Atkins Nutritionals Inc., Hive Brands Holdings Inc., Bearded Brothers LLC, Go Macro LLC., Pure Snacks Private Limited
Key High Fiber Snacks Market Trend
The high fiber snack market is witnessing innovative healthy snack alternatives catering to the rising consumer demand for nutritious options. In October 2021, OptiBiotix Health PLC launched SnackSmart Fruit and Fibre Gummies, made with a functional fiber and mineral blend called WellBiome. This product features a unique mix of prebiotic fiber and minerals, promoting gut health and offering a convenient, tasty snack that meets health-conscious consumer preferences.
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High Fiber Snacks Market Segmentation
The high fiber snacks market covered in this report is segmented –
1) By Product: Cereal And Granola Bars, Nuts And Seeds, Dried Fruits, Meat Snacks, Biscuits And Cookies, Trail Mix Snacks, Other Products
2) By Nature: Organic, Conventional
3) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Convenience Stores, Online Retailers, Other Distribution Channels
By Geography:The regions covered in the high fiber snacks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the high fiber snacks market in 2023.
The High Fiber Snacks Global Market Report 2024 furnishes information about the global high fiber snacks market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
