Low Calorie Snacks Market

Global Low Calorie Snacks Market Size (2024 to 2032)

The Global Low Calorie Snacks Market size was valued at US$ 9.73 billion in 2024 is projected to reach US$ 22.50 billion by the end of 2032, increasing at a CAGR of 11.05% during 2024 and 2032.

Current Scenario of the Global Low Calorie Snacks Market

The global low calorie snacks market had experienced significant growth, majorly owing to the increasing prevalence of obesity and diabetes worldwide. In addition, the changing lifestyle of most of the world's population led the global low calorie snacks market to hold the highest revenue. Low calorie snacks include veggies, hummus, apple slices with natural peanut butter, coconut chips, hard-boiled eggs, Greek yogurt with berries, homemade energy balls, banana with nut butter, figs stuffed with goat cheese, plantain chips and guacamole, ants on a log, chicken salad on cucumber slices, protein-packed smoothies, kale chips, toasted pumpkin seeds, chia pudding, strawberries with coconut whipped cream, roasted almonds with dried cherries, vegetable soup, roasted chickpeas, fermented vegetables, green salad with protein and many others. Most of the world's population depends on low calorie food since it consists of essential nutrients and helps in reducing weight. Thus, it helps in increasing the global low calorie snack market growth.

REPORT COVERAGE

Global Low Calorie Market Drivers

The increasing demand for low calorie snacks, primarily by people suffering from obesity, is one of the major factors that fuel the global low calorie snacks market during the forecast period. In recent years, most people are concentrating on the adoption of a healthy lifestyle. Low calorie snacks have the potential to provide various health benefits. Since there are extracted from free and natural ingredients. Today, most customers are being focused on healthy eating practices to maintain a healthy and fit body. According to a study, almost 50% of the total U.S. population is suffering from obesity. The population suffering from obesity has a risk of getting liver diseases, blood pressure, heart attacks, and cholesterol. So, this population shifted their diet to low calorie snacks to reduce the risk of having health issues. Thus, further, boost the low global calorie snacks market growth in the upcoming years.

Global Low Calorie Snacks Market Restraints

The increasing prices of low calorie products act as the major restraint for the growth of the global low calorie snacks market. Low calorie snacks comprised of various food products include veggies, hummus, apple slices with natural peanut butter, coconut chips, hard-boiled eggs, Greek yogurt with berries, homemade energy balls, banana with nut butter, figs stuffed with goat cheese, toasted pumpkin seeds, and many others. Some of this food may be expensive, so that most of the world's population cannot afford to purchase low calorie snacks. Therefore, this price factor further declines the growth of the global low calorie snacks market.

Challenges in the Low Calorie Snacks Market

The consumption of low calorie snacks can cause weight loss that occurs too briskly and may make you feel nauseous and tired. It can also cause constipation. People consuming low calorie snacks for 4 to 16 weeks may report minor side effects like diarrhea, constipation, gallstones, and nausea. Moreover, people having low calorie snacks can say more hungry than usual. This further hampers the global low calorie snacks market growth during 2022 - 2027.

Segmental Analysis

Global Low Calorie Snacks Market Anlysis By Nature

• Organic
• Conventional

Depending on the nature, the global low calorie snacks market is categorized into organic and conventional. For the last few years, the conventional segment held the highest global low calorie snacks market share. However, its popularity has also increased due to improved everyday living and knowing the benefits of low calorie snack products.

Global Low Calorie Snacks Market Anlysis By Source

• Animal-based
• Plant-based
• Marine
• Others

The low calorie snacks market is categorized into animal-based, plant-based, marine, and others based on the source. Among these sources, plant-based sources dominate the global low-calorie snacks market due to the increasing demand for plant-based foods, including nuts, vegetables, fruits, and grains.

Global Low Calorie Snacks Market Anlysis By Packaging

• Boxes
• Bags
• Pouches
• Cans
• Jars
• Others

The global low calorie snacks market is divided into boxes, bags, pouches, cans, jars, and others based on packaging. Boxes packaging plays a crucial role in holding the highest low calorie snacks market share, and it almost accounts for 40% of the total revenue in 2021. The boxes are gaining more demand due to their lightweight, cost-efficient, reusable, convenient, and are flexible. Therefore, manufacturers were designing boxes in various shapes and sizes as per the convenience of the consumers. In addition, the pouches segment tends to hold the highest CAGR of the global low calorie snacks market in the near future.

Global Low Calorie Snacks Market Anlysis By Product Type

• Sweet snack
• Savory snacks
• Others

The global low calorie snacks market is categorized into sweet snacks, savory snacks, and others based on product type. Savory snacks held the significant global low calorie snacks market share. These snacks include veggie chips, popcorn, potato snacks, homemade tomato chips, and nuts and seeds. Since these snacks consist of low calorie and high fiber content, most of the consumers were attracted to savory snacks, thus leading to the growth of the global low calorie snacks market in the next six years.

Global Low Calorie Snacks Market Anlysis By Distribution channel

• Supermarket/Hypermarket
• Specialty stores
• Other online stores

The global low calorie snacks market is divided into specialty stores, supermarket/hypermarkets, and online sales channels based on distribution channels. Supermarket/hypermarket share primarily dominates the global low calorie snacks market owing to the growing urbanization, increasing population of working people, and competitive pricing. In addition, the online sales channel tends to grow with the highest CAGR during the forecast period due to the working population's hectic schedules.

Global Low Calorie Snacks Market Anlysis By Region

The Global Low Calorie Snacks Market Report includes the segmentation of Regions North America dominates the global low calorie snacks market share in the year 2021 owing to the increasing demand for low calorie snacks as most of the population in the U.S. was concentrated on a healthy lifestyle. Moreover, the growing population in the Asia Pacific and Europe make them the fastest growing regions. In addition, the Middle East and Africa are anticipated to have a steady CAGR in the next six years owing to the growing awareness among the population of having low calorie snacks, mainly in the MEA regions.

Key Market Players

The companies covered in the report include:

• Nestle S.A.
• Coca-Cola Company
• PepsiCo Inc.
• Ajinomoto Co.
• Bernard Food Industries
• Henkel AG
• Cargill
• Groupe Danone
• McNeil Nutritionals

Recent Happenings in the market

• Recently, PepsiCo announced that it plans to reduce the sugar content in iced teas and sodas and declared to launch more nutritious snacks by 2026 to attract more and more consumers.
• The Coca-Cola Company announced that it would change the look and taste of the soft drinks, popularly known as Coke Zero, which resemble the sugary version of classic coke.
• Nestle declared its first move into the rising market for plant-based seafood alternatives. The product comprises six ingredients and environmentally friendly pea protein that has the essential amino acids and is free of synthetic colorings.