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Healthy Snacks Market Size & Share to Surpass $122.4 Billion by 2028 | Vantage Market Research



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WASHINGTON, March 10, 2023 (GLOBE NEWSWIRE) — Global Healthy Snacks Market is valued at $ 84.9 Billion in 2021 and is projected to reach a value of $ 122.4 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 6.3% over the forecast period 2022-2028.                                   

Healthy Snacks Market Overview

The healthy snacks market is a rapidly growing segment of the global snack industry. Consumers are increasingly looking for snacks that are not only tasty but also good for their health. This trend is being driven by several factors, including growing awareness of the health risks associated with unhealthy eating habits, rising disposable incomes, and an increasing focus on wellness and healthy lifestyles.

The healthy snacks market includes a wide range of products, including nuts and seeds, dried fruits, vegetable and fruit chips, protein bars, yogurt, and smoothies. These snacks are often marketed as low in calories, high in protein, and free from artificial additives.


The healthy snacks market is expected to continue to grow at a strong pace in the coming years, driven by factors such as increasing health consciousness among consumers, rising disposable incomes, and the growing availability and variety of healthy snack options.

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Market Dynamics

The healthy snacks market is influenced by various dynamics that impact its growth, development, and trends. Some of the key dynamics that shape the market include:

Health and Wellness Trends: The increasing focus on health and wellness has been a major driving force behind the growth of the healthy snacks market. Consumers are becoming more aware of the health risks associated with unhealthy eating habits and are looking for healthier snack options that can help them maintain a healthy lifestyle.


Rising Disposable Incomes: As incomes rise, consumers are willing to pay more for healthier snack options. This has led to an increase in demand for premium and organic healthy snack products.

Changing Consumer Preferences: Consumer preferences and tastes are constantly evolving, leading to a demand for new and innovative snack products that are healthy, convenient, and tasty.

Innovation in Product Development: Manufacturers are constantly innovating to create new healthy snack products that meet the changing demands of consumers. The introduction of new flavors, ingredients, and packaging formats is driving growth in the market.

Retail Channels: The healthy snacks market is highly dependent on retail channels such as supermarkets, hypermarkets, convenience stores, and online retailers. The increasing penetration of organized retail channels is driving growth in the market.

Regulatory Environment: The regulatory environment plays a crucial role in shaping the healthy snacks market. Regulations related to food safety, labeling, and ingredients can impact the development and marketing of healthy snack products.


Competitive Landscape: The healthy snacks market is highly fragmented, with a large number of players competing for market share. The competitive landscape is constantly evolving as new players enter the market and existing players introduce new products and expand their distribution networks.

Top Players in the Global Healthy Snacks Market

  • Nestle
  • The Kellogg Company
  • Unilever
  • Danone
  • PepsiCo
  • Mondel Äz International
  • Hormel Foods Corporation
  • Dole Packaged Foods LLC.
  • Del Monte Foods Inc.
  • Select Harvests
  • B&G Foods
  • Monsoon Harvest

For Additional Information on Healthy Snacks Market Players and Detail List, Download a Report PDF Brochure@
Top Trends in Global Healthy Snacks Market    

Plant-Based Snacks: Plant-based snacks, such as veggie chips, roasted chickpeas, and fruit and nut bars, are becoming increasingly popular among consumers who are looking for healthy and sustainable snack options.

High-Protein Snacks: High-protein snacks, such as protein bars, nuts, and seeds, are gaining popularity among consumers who are looking for snacks that can help them meet their daily protein requirements.

Gluten-Free Snacks: The demand for gluten-free snacks is growing, driven by consumers with celiac disease or gluten intolerance, as well as those who are looking for healthier snack options.


Functional Snacks: Functional snacks, such as probiotic yogurts, energy bars, and antioxidant-rich fruit snacks, are gaining popularity as consumers look for snacks that offer health benefits beyond just providing sustenance.

Snacks with Reduced Sugar Content: Consumers are becoming more aware of the negative health effects of consuming excessive sugar and are looking for snacks with reduced sugar content. This has led to an increase in demand for natural sweeteners such as honey, maple syrup, and stevia.

Innovative Packaging: Innovative packaging, such as resealable bags, single-serve portions, and eco-friendly packaging, is gaining popularity among consumers who are looking for convenience and sustainability.

Online Sales: The rise of e-commerce has made it easier for consumers to purchase healthy snacks from the comfort of their homes. This trend is expected to continue, with online sales expected to grow rapidly in the coming years.

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Top Report Findings

The global healthy snacks market is expected to grow at a compound annual growth rate (CAGR) of around 6.3% from 2021 to 2028, driven by increasing health consciousness among consumers, rising disposable incomes, and the growing availability and variety of healthy snack options.

North America is the largest market for healthy snacks, accounting for around 35% of the global market share. The region is expected to continue to dominate the market in the coming years, driven by a high level of health consciousness and a growing demand for convenience foods.

The plant-based snacks segment is expected to witness the highest growth rate during the forecast period, driven by increasing consumer demand for sustainable and healthy snack options.

The online sales channel is expected to witness the highest growth rate during the forecast period, driven by the growing popularity of e-commerce and the convenience it offers to consumers.


The growing demand for organic and natural ingredients is expected to drive innovation in the healthy snacks market, with manufacturers introducing new products that are free from artificial additives and preservatives.

Regulatory developments, such as changes in food labeling laws, can impact the development and marketing of healthy snack products, leading to a need for manufacturers to stay updated on regulatory changes.

Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on Healthy Snacks Market Forecast Report (2022-2028).

Global Healthy Snacks Market Segmentation      

By Product

  • Frozen & Refrigerated
  • Fruit
  • Bakery
  • Savory
  • Confectionery
  • Dairy
  • Others

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis

The global healthy snacks market can be segmented based on region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America: North America is the largest market for healthy snacks, accounting for around 35% of the global market share. The region is expected to continue to dominate the market in the coming years, driven by a high level of health consciousness and a growing demand for convenience foods.

Europe: Europe is another major market for healthy snacks, driven by increasing awareness of health and wellness, growing demand for convenience foods, and a shift towards sustainable and organic snack products.

Asia Pacific: Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by increasing urbanization, rising disposable incomes, and a growing awareness of health and wellness.

Latin America: The Latin American market for healthy snacks is also expected to grow, driven by increasing health consciousness and a growing demand for convenient and healthy snack options.


Middle East & Africa: The Middle East & Africa region is expected to witness moderate growth, driven by increasing urbanization, rising disposable incomes, and a growing awareness of health and wellness.

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Scope of the Report:

Report Attributes Details
Market Size in 2021 USD 84.9 Billion
Revenue Forecast by 2028 USD 122.4 Billion
CAGR 6.3% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players Nestle, The Kellogg Company, Unilever, Danone, PepsiCo, Mondel Äz International, Hormel Foods Corporation, Dole Packaged Foods LLC., Del Monte Foods Inc., Select Harvests, B&G Foods, Monsoon Harvest
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Key Questions Answered in the Report:

  • What are the current market trends and drivers for healthy snacks, and what factors are likely to shape the market in the future?
  • What is the size of the global healthy snacks market, and what is its expected growth rate over the next few years?
  • What are the key market segments for healthy snacks, and which segments are likely to witness the highest growth during the forecast period?
  • What are the major distribution channels for healthy snacks, and which channels are likely to witness the highest growth in the coming years?
  • What are the major geographic regions for healthy snacks, and which regions are likely to witness the highest growth during the forecast period?
  • Who are the major players in the global healthy snacks market, and what are their market shares, key strategies, and competitive strengths?
  • What are the major challenges and opportunities facing the global healthy snacks market, and how can stakeholders overcome these challenges and capitalize on these opportunities?

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Artificial Intelligence

ZA Tech Rebrands as Peak3, Raises US$35M Series A led by EQT




SINGAPORE, June 19, 2024 /PRNewswire/ — ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.

In a market dominated by fragmented legacy technology, Peak3 has pioneered a cloud-native, modular insurance core and distribution system that combines comprehensive capabilities for life, health, and property and casualty (P&C) insurance. Since its founding in 2018, Peak3 has become a trusted technology partner to global insurers such as AIA, Generali, Prudential, and Zurich for their digital and traditional business. It has also partnered with leading digital platforms such as Carro, Grab, Klook, and PayPay to build and scale their embedded insurance businesses.
Besides the successful fundraising, Peak3 has recently achieved key milestones underpinning the rebranding. These transformative achievements include launching its first multi-country, multi-tenant core modernisation in Europe, rolling out an integrated customer data and big data platform for scaling analytics and AI capabilities, and establishing its first technology centre in Europe. The rebranding coincides with another major milestone: Issuing over a billion insurance policies on Peak3’s systems – including the first policies issued to North American customers and the first ones to be issued in Africa.
“We have evolved from an embedded insurance pioneer in Asia to a global end-to-end technology partner for the insurance industry,” said Bill Song, Peak3 Group CEO and Co-Founder. “Our new name represents three pinnacles: scaling the heights of innovation, surpassing performance limits, and delivering superior reliability – as we help insurers reach the highest summits of their cloud, data, and AI transformation.”
Bill Song also emphasised the growth opportunity: “There is an incredible tech investment backlog in the US$7-trillion global insurance industry. Continued digitalisation and the proliferation of AI will require structural investments by insurers over the next decade to modernise their core systems. We are uniquely positioned to capture this opportunity by providing the tech core foundations and innovation use cases.” 
To accelerate its growth journey, Peak3 completed its Series A fundraising and welcomed two new investors on its cap table: EQT, a major global technology investor with a deep heritage in Europe, and Alpha JWC Ventures, a leading venture firm in Southeast Asia. With the funding, Peak3 will advance its analytics and AI capabilities toward an intelligent core insurance solution, grow its EMEA operations and establish new system integrator partnerships. Peak3 targets double-digit ARR growth this year and is on the path to reach cashflow breakeven over the coming quarters.
“Peak3 has also proven its capability to deliver greenfield digital insurance initiatives and complex multi-country core modernisation projects in APAC and EMEA. As the lead investor, EQT is committed to empowering Peak3 in its go-to-market acceleration by leveraging our global network,” stated Clara Ho, Partner at EQT.
J.P. Morgan acted as exclusive financial advisor to Peak3 for this Series A fundraising.
For media inquiries and interview requests, please contact Carling Sia, Global Head of Branding and Marketing, at [email protected].
For more information on Peak3, please visit For more information on EQT, please visit more information on Alpha JWC Ventures, please visit
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Artificial Intelligence

Lucinity Recognized as One of the Top 100 AI Fintech Companies Globally




REYKJAVIK, Iceland, June 18, 2024 /PRNewswire/ — Lucinity has been featured in the AIFinTech100 list for 2024, marking its recognition as one of the top AI companies in the financial services industry. The AIFinTech100 list, curated by industry experts, highlights the most innovative fintech companies globally. Lucinity was selected from over 2,000 fintech firms for its problem-solving, market potential, innovation, and customer engagement. Earlier this year, Lucinity was also highlighted as a RegTech100 company.

This recognition comes amid rapid AI adoption in fintech. According to Fintech Global, research predicts the AI market in fintech will grow from $42.83 billion to $44.08 billion by 2024, reaching $50.87 billion by 2029. Banks alone are expected to spend $4.9 billion on AI platforms by 2024, with a 21.8% annual growth rate since 2019.
Lucinity’s inclusion in the AIFinTech100 list reflects its success in developing AI solutions that enhance efficiencies and cost savings for financial crime operations teams. Notably, Luci, the world’s first Generative AI copilot for financial crime investigations, launched in 2023, leverages Microsoft OpenAI technologies to augment human analysts’ capabilities, reducing investigation times from 3 hours to just 30 minutes. 
Lucinity also recently launched Luci as a copilot plugin at Money20/20. Financial institutions are now able to integrate Luci with any web-based enterprise application including CRM systems, Case Manager systems, and Excel, delivering immediate ROI with zero upfront integration. 
Security remains a significant challenge in AI adoption. Lucinity addresses this by partnering with Microsoft Azure develop a secure infrastructure. With a strong emphasis on compliance, Luci offers comprehensive auditability through its detailed Audit Log functionality.
Guðmundur Kristjánsson (GK), CEO of Lucinity, comments, “Being named in the AIFinTech100 showcases our impact amongst banks and fintech through advanced AI. It underscores our platform’s ability to empower compliance teams, deliver ROI, and reduce operational costs.”
Richard Sachar, Director of FinTech Global, added, “AI is revolutionizing financial services, increasing efficiencies and offering personalized products. This year’s AIFinTech100 list includes top innovators transforming the industry with AI applications.”
Lucinity’s inclusion in the AIFinTech100 list for 2024 follows several achievements, including winning the Microsoft Partner of the Year Awards for Sustainability and Social Impact and Partner of the Year – Iceland. Lucinity was also included in Chartis Research’s FinCrime and Compliance 50 Ranking for 2024 and was recognized as the best tool for Workflow Automation.
Name: Celina PabloEmail: [email protected] +354 792 4321
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CRISIL wins Model Validation Tools and Accelerators category award, other recognitions from Chartis




Recognized among top 50 financial services firms for analytics and risk tech
MUMBAI, India, June 18, 2024 /PRNewswire/ — CRISIL, a global provider of advanced analytics and risk management solutions, has won the Solution Category award for Model Validation Tools and Accelerators as part of the latest Chartis STORM 2024 report.

Published by Chartis Research, the leading provider of research and analysis on the global market for risk technology, STORM 2024 is an annual report on quantitative technologies and the computational infrastructure supporting it.
Following an extensive evaluation process, which included a risk technology survey, product demo, customer reference checks, and third-party sources of information, CRISIL won the following recognitions:
Solution category award for Model Validation Tools and AcceleratorsRanked Top 25 (#24) in QuantTech50 2024 rankingsRanked Top 25 (#24) in BuySideRisk50 2024 rankingsRanked Top 50 (#38) in RetailFinanceAnalytics50 2024 rankingsThe recognitions reflect the unparalleled value CRISIL brings to its clients through deep domain expertise, specialized analytical and technical knowledge and our global perspective.
Says Jan Larsen, President and Head, CRISIL Global Research & Risk Solutions, “CRISIL is honored by the recognition across multiple STORM50 award categories this year, including being named first place for Model Validation Tools and Accelerators. This is a great testament to the contributions of our team in giving clients and their regulators confidence in the models they use for making critical decisions.”
The core tenets of CRISIL’s value proposition include expertise across asset classes and risk stripes, analytical excellence and regulatory experience, tailored solutions focused on client delight, continuous improvement and technological innovation. 
Says Ashish Vora, President, CRISIL Market Intelligence and Analytics, “This prestigious recognition underscores the global acceptance of our risk management solutions and highlights our unwavering commitment to excellence in the risk technology space. Our Credit+ technology solutions have been instrumental in offering AI-enabled advanced analytics and driving efficiency, and we are particularly proud of the exceptional client feedback we have received for these solutions. We are constantly exploring new ways to enhance customer value and are investing in cutting-edge technology and domain expertise to maintain our position at the forefront of the industry.”
Notable examples of CRISIL’s platforms that help demonstrate this value proposition include: 
Model Infinity: A leading platform for model inventory management and model risk management. This innovative platform empowers our client to centralize all model activities, eliminates manual processes and operational risk, and provides a full audit trail of approvals for modeling assumptions and updates. Scenario Expansion Manager (SEM): A platform for clients to expand, analyze and track all regulatory and internal scenarios used for stress testing. As a centralized repository of scenarios, SEM allows institutions to eliminate redundant internal work and even provide clients the ability to share internal scenarios with one another. Credit+ ICON: The platform enables credit decision-making through its extensive financial spreading and front-end based credit risk scorecard hosting capabilities. Powered by deep domain expertise, AI-driven analytics and extensive configurability, it serves 40+ global clients across 15 countries.Credit+ Early Warning Signals: The AI-powered solution provides banks with actionable insights to monitor their credit quality, lower loan-loss contingencies and track corrective action plan.About CRISIL Market Intelligence & Analytics
About Global Research & Risk Solutions
About CRISIL Limited
This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL. However, CRISIL alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc.
CRISIL has taken due care and caution in preparing this press release. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. CRISIL, especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.
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