Organic snacks market Size, Share, Growth Rate, Industry Analysis and Global Forecast – 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 organic snacks market during the forecast period.
Based on product type, the global
organic 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 organic 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.
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 organic 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 organic 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 organic 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
organic snacks market in the region during the forecast period. The organic
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.
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Segmentation
The global organic snacks market has
been segmented based on product type, packaging type, distribution channel, and
region.
By product type, the global organic
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 organic snacks market.
On the basis of distribution channel,
the global organic 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).
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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