PORTLAND, OR — A new report by Allied Market Research found that the global low-calorie snack market generated $7.6 billion in 2020 and is estimated to reach $24.1 billion in the next decade, witnessing a CAGR of 12.3% from 2021 to 2030.
The report was broken down by type, nature, package and distribution channel, and identified three prime determinates of growth: rising awareness about health, rise in demand for convenience food and change in culture and lifestyle.
Although healthier substitutes entail organic foods with high production costs, there’s been a surge of willingness from consumers to buy premium and environmentally friendly products. This will create a big opportunity for snack manufacturers in the coming years.
