Global Organic Snacks market: Industry Analysis and Opportunity and Forecast to 2027
Market Highlights
The demand for organic snacks is increasing rapidly all over the world
due to the growing inclination of health-conscious consumers for products
produced through organic farming and those free from artificial ingredients and
additives. The major trends in the snacking industry include innovations in
plant-based diets, grass-fed meat, and the rising consumption of edible flowers
along with regular snacks produced organically. These trends are encouraging
key players to include organic snacks in their product portfolios, thereby
positively impacting the growth of the global natural snacks market during the
forecast period.
Based on product type, the global natural snacks market has been
segmented into cookies and crackers, dried fruits, puffs and chips, energy
bars, meat snacks, and others. The puffs and chips segment is expected to
dominate the global natural snacks market during the forecast period due to the
introduction of different flavors and shapes by key market players to attract
younger consumers. The energy bars segment is expected to be the
fastest-growing market during the forecast period owing to increasing health
consciousness and the rising demand for energy and nutritional supplements. The
ingredients used in organic energy bars are grown in organic farms without the
use of chemical pesticides and genetically modified organisms. Organic energy
bars offer a high level of nutrition due to their fiber, carbohydrate, and
protein content.
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The global organic snacks market has been divided, by packaging type,
into pouches, cartons, and others. The pouches segment is expected to dominate
the global natural snacks market during the assessment period since pouches are
cost-effective, easy to carry, and the inner lining help in prolonging shelf
life. The cartons segment is projected to record the highest CAGR since cartons
help in maintaining the brittle shapes and structures of snacks, thereby,
minimizing the risk of breakage.
The global market for organic snacks has also been classified, by
distribution channel, into store-based and non-store based. The store-based
segment has been further segregated into supermarkets and hypermarkets,
convenience stores, and others. The store-based segment is expected to generate
higher revenue, with the supermarkets and hypermarkets sub-segment being the
largest due to the strong and widespread network of stores. The non-store-based
segment is expected to register the higher CAGR during the assessment period
owing to technological advancements in the e-commerce industry and growing
consumer preference for online retailing.
Regional Analysis
The global natural snacks market has been
segmented by North America, Europe, Asia-Pacific, and the rest of the world.
Geographically, North America is expected to dominate the global natural
snacks market due to the high dependency of working professionals on
convenience food and change in eating habits to address health concerns.
Programs and investments by the US government for organic farming are expected
to influence the growth of the natural snacks market in the region during the
forecast period. The natural snacks market in Asia-Pacific is expected to grow
rapidly due to the rising awareness of the health benefits of organic foods in
emerging economies such as India and China.
Segmentation
The global organic snacks market has been segmented based on product
type, packaging type, distribution channel, and region.
By product type, the global natural snacks market has been segregated
into cookies and crackers, dried fruits, puffs and chips, energy bars, meat
snacks, and others.
Pouches, cartons, and others are the packaging type segments of the
global natural snacks market.
On the basis of distribution channel, the global natural snacks market
has been divided into store-based and non-store-based. The store-based segment
has been further segregated into supermarkets and hypermarkets, convenience
stores, and others.
Key Players
Some of the key players in the Global organic snacks market are Conagra
Brands, Inc. (US), General Mills, Inc. (US), Hain Celestial (US), Hormel Foods
Corporation (US), SunOpta (Canada), YummyEarth, Inc. (US), Utz Quality Food,
LLC (US), Eat Real (UK), Creative Snacks Co. (US), and NurturMe (US).
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Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
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