Global Low Calorie Snacks Market Report and Forecast 2024-2032

Global Low Calorie Snacks Market Outlook

The global low calorie snacks market size reached a value of approximately USD 10.1 billion in 2023. The market is further projected to grow at a CAGR of 10.90% between 2024 and 2032, reaching a value of USD 11.2009 billion by 2032.

Key Trends in the Market

Low calorie snacks refer to snacking options that contain significantly lower calories than their full calorie counterparts. These snacks aid in satisfying cravings and hunger while offering various health benefits to the consumers. These products help in weight loss by reducing the total number of calories an individual consumes in a day.

• Growing emphasis on health and wellness is a key trend boosting the low calorie snacks market growth. Consumers are opting for healthy and low calorie snacks as they satisfy the mid-morning and evening hunger and their high nutritional profile and low calorie count aids consumers in healthy weight loss.

• The rising availability of low calorie snacks across various distribution channels including convenience stores and hypermarkets and supermarkets, and increasing discounts offered by various online retail platforms are boosting the consumption of the product.

• Increased demand for convenient foods and snacking options has resulted in the rising consumption of low calorie snacks as they are portable. The ease of use, all season availability, and introduction of new flavours combined are further boosting the popularity of the product among working professionals, aiding the low calorie snacks market expansion.

Market Analysis

Based on nature, the market is bifurcated into organic and conventional. On the basis of type, the market is segregated into sweet snacks and savoury snacks, among others. Based on packaging, the market is classified into pouches, cans, and jars, among others. On the basis of distribution channel, the market is divided into B2B and B2C. Based on region, the market is categorised into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global low calorie snacks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Archer Daniels Midland Company

• General Mills, Inc.

• The Hain Celestial Group, Inc.

• Ingredion Incorporated

• Conagra Brands, Inc.

• Mondelez International, Inc.

• Nestle S.A

• The Kraft Heinz Company

• Danone S.A.

• Cargill Incorporated

• Others

Market Share by Type

Savoury snacks are expected to witness significant growth in the coming years. This growth can be attributed to the increasing demand from multiplexes and malls and rising disposable incomes. Additionally, savoury snacks having low calories have emerged as a convenient alternative to conventional packaged food products for college students and working professionals due to their health benefits. Various manufacturers are investing in production of baked savoury snacks with low salt content that are prepared from healthy ingredients including rice, wheat, ragi, vegetables, and soya, among others.

Market Share by Region

Europe is anticipated to account for a significant share of the market over the forecast period, owing to the rising emphasis on healthy eating due to increasing health consciousness among the population. The market is likely to benefit from the rising availability of the product across various distribution channels along with rising internet penetration and increasing presence of online food delivery services. Furthermore, the growing tourism sector in the region is boosting the consumption of low calorie foods and beverages and aiding the low calorie snacks market expansion.

Competitive Landscape

Mondelez International, Inc. is a food and beverage manufacturing company that was founded in 2012 and is based in Illinois, United States. They house various iconic brands including Cadbury Dairy Milk, Oreo, and Toblerone chocolate, among others.

Nestle S.A. is a food and beverage company that was founded in 1866 and is based in Vaud, Switzerland. Their specialities include ice creams, confectionery, healthcare nutrition, frozen food, and infant nutrition, among others.

The Kraft Heinz Company is co-headquartered in Pennsylvania, and Illinois, United States and was founded in 2015. The products and services offered by the company include convenience foods, beverages, and low calorie snacks, among others.

Other major players in the low calorie snacks market include Archer Daniels Midland Company, General Mills, Inc., The Hain Celestial Group, Inc., Ingredion Incorporated, Conagra Brands, Inc., Danone S.A., and Cargill Incorporated, among others.

Key Highlights of the Report