Low Calorie Savory Snacks : Market Outlook
The global demand for low calorie savory snacks market is experiencing progressive growth due to the continuous evolution of the pattern of consumption and the tendency towards healthier food products.
Consumers are continuously looking for quick, harmless and reasonable nutritional needs, which is why the food industry is evolving rapidly. On the go snack provide nutrition as well as feeling of fullness in this hectic and fast paced schedule.
Snacks are considered as healthy diet are they are in controlled portion. Such convenient and handy packages provide required energy. And it is anticipated that these factors will impact positively on the low calorie savory snacks market.
Consumers are planning to have snacks at regular times, rather than snacking at any time of the day. Consumers are becoming very conscious about what they eat. Easy access of raw materials, and preservation advances methods, technological advancements for manufacturing have fuelled the expansion of the low calorie savory snacks market worldwide.
Consumers are seeking different experiences or unusual ingredients for health reasons are increasingly turning to low calorie savory snacks companies for line extensions that offer interesting ingredients, tastes, and textures. On store shelves, one can find nut flour crackers, and jerky made from non-meat sources and popcorn chips.
Better-for-you snacks are becoming more widely available, and segments such as popcorn, which saw a 21% increase in revenue, are meeting market demand. Popcorn is flavorful, ready-to-eat, and has a positive health image among customers, making it the ideal snack. This increase in sales of snacks indicates favourable growth rate for low calorie savory snacks market.
The clean label movement and ‘free from' products are driving the trend toward more natural and less refined foods, short ingredient lists, and ‘free from' products. More than half of customers internationally are greatly influenced by "no additives" claims when purchasing low calorie savory snacks products.
Healthy diets are competing with special diets and new products, ranging from ancient grains to superfoods, to offer customers novelty and health benefits while allowing manufacturers to experiment and innovate which is anticipated to propel the low calorie savory snacks market.
In-store kiosks, Signs or displays in the store, Coupons from home, In-store flyers, newspaper circulars from home, information from blogs or social networking sites, television or radio advertising, product labeling, Shopper loyalty card discounts are key reason that makes consumer buy low calorie savory snacks product.
Packaging can also assist in showcasing the genuineness of snacking food products. Packaging is a great vehicle to communicate, transparency and clean labels, simplicity. All such factors play key role while customer purchase low calorie savory snacks product.
Manufactures of low calorie savory snacks are using various techniques to increase efficiency and quality of low calorie savory snacks. To start, raw materials are chosen and evaluated using instrumental analysis such as GC-MS or HPLC to detect the presence of unique, taste-producing molecules.
The combined flavour molecules must be as concentrated as possible due to cost considerations. This will necessitate the use of sophisticated processes. This will necessitate the use of sophisticated processes.
To release, produce, and purify the various molecules at their highest possible yield, several extraction steps, biotechnology, regulated hydrolysis, and Maillard-reactions are used.
This is all done on a commercial scale. Sensory science is then used to assess the flavour and aroma molecules that result, as well as to explain how they interact. Usage of such advancement will increase the superiority of low calorie savory snacks.
In addition, the solidification of distribution channel for offline platform as well as for online platform has made low calorie savory snacks product easily accessible to customers around the globe.
The impact of western consumption habits to the developing regions and growing urbanization have helped to increase market share for global players of low calorie savory snacks product in the developing countries of Asia-Pacific.
Trend of Ethnic Flavour Globally Boost Low Calorie Savory Snack Market
Customers have continued to explore global and exotic, flavours at an extraordinary rate. In snacks, both snack bases and flavours plays very important role when consumer is purchasing low calorie savory snacks product.
For instance, hummus chips prepared from chickpeas as a alterative for potato chips, with Mediterranean flavours like tomato and basil, or Middle Eastern/African flavours like harissa and olive.
In the United States, there are numerous low calorie savory snacks products highlighting Asian and Hispanic flavours. IRI data states that Asian flavours also trending internationally in snacks such as Cardamom, Tikka Masala, Matcha as well as Tamarind, Pistachio, Saffron.
In Europe, North African and Jamaican flavours like jerk chicken are popular for low calorie savory snacks products. Data shows Latin American flavours are also seeing positive gains in snacks. Flavours include Guava, Avocado, Green Olive Plantain, Sour Orange, and Paprika in low calorie savory snacks market.
Nutritional value does not have to imply a lack of flavour or taste. For instance, Kerry is trying to create healthy snacks by lowering salt and fat content without compromising the taste experience for customers. Company is accomplishing this by using our salt reduction technologies and application knowledge.
Company can also supply great-tasting seasonings for alternative, difficult-to-flavour snack bases like quinoa, buckwheat, and legumes. Consumers want snacks that count against their daily nutritional requirements while still being suitable for their diet or lifestyle as snacking replaces regular meals.
GMOs, allergens, MSG, preservatives, and trans fats are examples of additives that customers choose to avoid while buying low calorie savory snacks products.
Dependence on agricultural products and the strict regulations by the several regulatory authorities, volatility of raw materials are few of the causes that limit the growth of the low calorie savory snacks market.
Moreover, the cost of producing a low calorie savory snacks is actually high relative to traditional snacks which results in more pricing and impacts the low calorie savory snacks market adversely.
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Low Calorie Savory Snacks Market: Key Players
Some of the key players driving the market of Low Calorie Savory Snacks market are
- The Hain Celestial Group
- Nestlé S.A.
- Calbee Inc.
- Bakery Barn Inc.
- Kashi Company
- Select Harvests
- Kind LLC
- General Mills Inc
- Kellogg Company
- Tyson Foods Inc.
- Hormel foods corporation
- Vitaco health Australia Pty Ltd
- Quest Nutrition LLC
- The White Wave Foods Company
- B&G Foods Clif Bar & Company
- Small Planet Foods Inc.
- PepsiCo Inc
- Along with this Powerful Men LLC
- Kerry Foods
- YouBar Manufacturing Company
- Premier Nutrition Corporation
- Naturell Inc
- Bounce Foods ltd.
- Good Full Stop Ltd.
- Power Bar Inc
- Buff Bake and TruFood Mfg Company
are some more players in low calorie savory snacks market
Low Calorie Savory Snacks Market: Regional Analysis
North America is the key market for low calorie savory snacks, followed by Europe. Preference for balanced and nutritious meal replacement foods is expected to help sustain steady growth in developed markets. The demand for low calorie savory snacks is anticipated to magnify with a high CAGR in developing countries like India and China.
The Low Calorie Savory Snacks market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the Low Calorie Savory Snacks market, including but not limited to: Product type, Sales channel, Special Dietary Needs, Flavour.
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The Study is a Source of Reliable Data on:
- Low calorie savory snacks market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The Regional Analysis Covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The Low Calorie Savory Snacks market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Low Calorie Savory Snacks market report projects the attractiveness of each major segment over the forecast period.
An Adaptive Approach to Modern-day Research Needs
Highlights of the Low Calorie Savory Snacks Market Report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the Low Calorie Savory Snacks market
- Recommendations to companies for strengthening their foothold in the Low Calorie Savory Snacks market.
Low Calorie Savory Snacks : Market Segmentation
On the basis of Product Type, the Low Calorie Savory Snacks market can be segmented as:
- Meat low calorie savory snacks
- Trail mix low calorie savory snacks
- Nuts & seeds low calorie savory snacks
- Potato chips low calorie savory snacks
- Extruded low calorie savory snacks
- Popcorn low calorie savory snacks
- Crackers low calorie savory snacks
- Tortillas low calorie savory snacks
On the basis of Sales channel, the Low Calorie Savory Snacks market can be segmented as:
- Supermarkets and Hypermarkets
- Retail Stores and convenient Stores
- Grocery Stores
- Online Stores
On the basis of Special Dietary Needs, the Low Calorie Savory Snacks market can be segmented as:
On the basis of Flavour, the Low Calorie Savory Snacks market can be segmented as:
- Peanut Butter
On the basis of Packaging the Low Calorie Savory Snacks market can be segmented as:
Note: Although care has been taken to maintain the highest levels of accuracy in FACT.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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