The global healthy snack market is witnessing consistent growth, expanding from around USD 89.1 billion in 2023 to an anticipated USD 142.6 billion by 2032, progressing at a 5.5% CAGR. This rise highlights a shift in consumer preferences toward snacks that are both nutritious and convenient to consume.
Key Takeaways
Steady growth: The market is projected to grow from USD 89.1 billion in 2023 to USD 142.6 billion by 2032, with a consistent 5.5% CAGR.
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Introduction
A Booming Subsector of the Beauty Industry
Once relegated to the background of skincare, lip care has evolved into a dynamic and lucrative category in the global beauty marketplace. No longer confined to simple lip balms, today’s consumers expect sophisticated formulations with multifunctional benefits. The lip care market now stands as a formidable sub-sector, bolstered by rising awareness around self-care and skincare health.