Low Fat Sweet Snacks: Market outlook
The worldwide demand for low fat sweet snacks is experiencing progressive rise because of constant advancement of the pattern of consumption and the inclination headed for healthier low fat sweet snacks products.
Consumers are restlessly in search of for fast, safe and affordable nutritious snacks and which is why low fat sweet snacks industry is evolving.
Low fat sweet snacks caters numerous roles for customers, from true indulgence and hunger satisfaction to providing energy to human body. Other advantages of selecting nutritious low fat sweet snacks are they are packed with nutrients, vitamins and minerals that will fuel the body and keep blood sugar levels stable. Low fat sweet snacks also plays a crucial role in retaining a healthy diet and helps manage hunger between meals.
Nutritious low fat sweet snacks improves overall health, enhances brainpower, reduce cravings, regulate mood swing and gives the energy required to keep going all day. Usages of raw materials or inventory, producing and preservation advancements and groundbreaking attractive packaging methods have fueled the development of the low fat sweet snacks industry.
Moreover, the manufacturers on low fat sweet snacks are focusing on building strong distribution networks for online as well as offline platforms. Online sales channel is one of the fastest-growing for customer to purchases of on-the- go or ready-to-eat low fat sweet snacks food products and hence Companies are lunching online websites to sell products as well as making their products available on different food selling apps to reach wider consumer base. This has given ease to consumers to readily access low fat sweet snacks around the world at any point of time and from any location.
Trends such as Better for you food products and 3 meal ‘3 meals vs. 6 meals’ to enhance the low fat sweet snacks market.
Various studies and reports suggested that having six small meals a day helps in weight loss and digestion, hence large percentage of consumer is adopting this trend.
Technomic’s Snacking Occasion Consumer Trend Report discovered that customers nowadays are more likely to switch to snacks that are healthy and tasty instead of full size meals.
Statics has proven that more than 70% of consumers confirm snacking at least once a day. Resulting, food producers are introducing balanced, well-portioned snack products which offer wholesome nutrition to replace regular meals which is leading to rise in low fat sweet snacks market size.
Low fat sweet snacks suffice numerous requirements of modern customers as low fat sweet snacks can be ate between meals or as their replacement. Low fat sweet snacks producers are branching out from original recipes and launching new line of healthy snacks in the market with attractive ingredients, flavors, and textures, which will boost the low fat sweet snacks market.
Better-for-you (“BFY”) food is nothing but blend of healthy and clean label food products. There is tremendous growing consumer demand for claims and labels such as organic, non-GMO, gluten-free, no additives and many more.
Trend of consuming Better for you food product is fueling to growth of sales as consumers looking for transparency in the supply chain and responsible manufacturing.
According to a study, 87% of millennials generation eat at least one BFY snack in a week. Statistics has also shown that, more than 90% of households prefer purchasing food products which are clean labelled at grocery shops. And thus rising trends will help low fat sweet snacks to grow.
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Merger and Acquisition in Low Fat Sweet Snacks Industry Fulling Growth of Market.
Merger and Acquisition in low fat sweet snacks industry has mostly been driven by producers who are looking to expand business into new geographical markets and new product lines. Giant enterprises have achieved progress by acquiring minor but well-known brands who are catering needs of low fat sweet snacking industry.
Acquisition of fast growing and innovative brands will enable companies to reach a wider set of consumers and to enhance market share and positioning in new market and this will enhance low fat sweet snacks market.
For instance Mondelez, leading producer of snacking food products has winning formula of nine leading global brands such as Oreo, Cadbury, BelVita, Trident Philadelphia, Halls, Tang, Milka and Toblerone.
Along with this more than 65 local super brands to fulfil varying customer buying behavior. Company has established SnackFutures, which is innovation center committed to support startups to launch disruptive brands and also revitalize existing brands.
Company has focused on acquiring brands such as in year of 2015 it acquired Chicago-based producer of allergen-free bars and cookies named Enjoy Life Foods. After this premium cookie brand named Tate’s Bake Shop in May 2018 which is based in New York and recent one is Perfect Snacks (July 2019), a California-based maker of refrigerated nutrition bars and bites.
Low Fat Sweet Snacks Market: Key Players
Some of the key players operating their business in global low fat sweet snacks market are
- General Mills
- ITC Limited
- Kellogg Company
- Mondelz International
- Kraft Heinz Co.
- Diamond Foods Inc.
- Golden Wonder
- Procter & Gamble
- The Hain Celestial Group.
Along with this Nature Valley, Ghirardelli, KIND Bars, Good Health Natural Foods, Atkins, Diva Stuff, Great Value, Angie's, Kind Bar, Sam's Choice, Fiber One, Way Better Snacks are few brands which caters low fat sweet snacks for customers.
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Low Fat Sweet Snacks Market: Regional Analysis
North America dominates global low fat sweet snacks market. It holds around one fourth of global low fat sweet snacks market share. U.S. is prime buyer of low fat sweet snacks and holds more than half of market share in the North America region.
Constantly increasing disposable income of buyers from different class of society and growing base of working professionals are some primary reasons for growth stimulants for North Americas low fat sweet snacks market. Europe is a second-largest market for low fat sweet snacks, followed by Asia Pacific region. Emerging economies like India and China are key nations to fuel the growth of Asia Pacific region for low fat sweet snacks market.
The low fat sweet 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 fat sweet snacks market, including but not limited to: distribution channel, dietary special needs, source, and flavour.
The Study is a Source of Reliable Data on:
- Low fat sweet 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
An Adaptive Approach to Modern-day Research Needs
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 fat sweet 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 analysing 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 fat sweet snacks market report projects the attractiveness of each major segment over the forecast period.
Highlights of the Low Fat Sweet 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 fat sweet snacks market
- Recommendations to companies for strengthening their foothold in the Low fat sweet snacks market
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Global Low Fat Sweet Snacks: Market Segmentation
On the basis of Sources, global low fat sweet snacks market can be segmented as:-
On the basis of dietary special needs, global low fat sweet snacks market can be segmented as:-
- High Protein
- Low Glycemic
- Gluten Free
- High Carb
- High Fiber
On the basis of distribution channel, global low fat sweet snacks market can be segmented as:-
- Super Markets/ Hyper Markets
- Convenience Stores
- Specialty Stores
- Online Channels
On the basis of packaging, global low fat sweet snacks market can be segmented as:-
On the basis of Flavour, global low fat sweet 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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