Global Processed Snacks Market 2017-2021

Overview of the global processed snacks market

Manufacturers in the industry are offering high-protein snacks as sources of protein with low calorie content. They are also offering meat snacks in spicy flavors such as teriyaki, jalapeno, and habanero.  Technavio’s market research has identified the rising demand for high-protein snacks to be one of the primary growth factors for the processed snacks market. Processed snack vendors are offering vegetarian and plant-based snacks with high protein content, low calories, and convenience of consumption. Jerky, that provides high protein and has a long shelf-life, is gaining popularity among consumers in the healthy processed foods market. Our market research analysts have estimated that the market will register a revenue of more than USD 439 billion by 2021.

Due to the presence of excessive calories, trans-fats, sugar, sodium, and other processed ingredients, consumers’ preference if shifting towards healthy snacks. Players in the market are enhancing their products or launching new products with healthy product content. Consumers are increasingly opting for healthier ingredients such as snacks high in fiber, protein, and whole grains. To fulfill the consumer demand, manufacturers are focusing on fat reduction of snacks and offering trans-free snacks. Healthy snacks are aimed at consumers suffering from health issues such as weight, diabetes, cancer, and heart disease. According to our analysis, the growing demand for healthy snacks will be one of the key trends that will influence the growth of the processed snacks market in the coming years.