Fowler was first alternate into the event hosted by Tiger Woods from Dec. 1-4 at Sherwood Country Club.
Snedeker underwent his second hip surgery of the season after competing in the CIMB Asia Pacific Classic two weeks ago in Malaysia. The Heritage winner will be out for the remainder of the year.
Fowler won the Korea Open in early October for his first professional win and is now No. 26 in the Official World Golf Ranking.