Organic Snacks Market
Organic Snacks Market was valued US$ 7.36 Bn in 2017 and is expected to reach US$ 20.45 Bn by 2026, at CAGR of 13.63% during forecast period.
Global Organic Snacks Market
Organic snacks are non-GMO and contain organic ingredients in food products. Organic snacks are prepared from USDA-certified organic and non-GMO ingredients that are gluten-free and are healthy for snacking. Organic snack foods are the products which contain nutritious and healthy ingredients such as proteins, vitamins and minerals. Furthermore, increasing human diseases like allergies, obesity and nutritional deficiencies across the world will push consumers to choose healthier food options which would drive the organic food market. In addition, rise in the inclination for readymade and convenient food products, increase in the spending capacity of people, and growth in demand for organic food increases the demand for organic snacks, in that way accelerating the organic snacks market growth. Also, change in lifestyle & food habits further boost the organic snacks market growth. Rapidly increase in the number of large retail chains, including hypermarkets and supermarkets, drive the demand for organic snacks.
The factors driving the organic snack foods market are the increasing health consciousness and importance of consumption of organic foods by the people due to the harmful side effects of conventional snacks such as increasing obesity, increasing the calorie content of the body and less nutritional benefits. The millennial and kids are the major consumers of organic snack foods globally. The demand for organic snacks is increasing rapidly and gaining popularity all over the world as a result of the presence of natural ingredients in the snacks. Increasing organic farming and practising organic agriculture in the various developed region is one of the key factors for the growth of organic snack food market. At the same time, the high cost of production hampers the widespread adoption and act as the major restraint for the global organic snacks market. On the contrary, the rise in disposable income and an increase in the willingness of people on buying premium and environment-friendly products in the emerging nations are expected to provide opportunities for the growth in the coming years.
Based on product type, the salty snack segment accounted for the highest share in the product type segment. The market for salty snacks is driven by an increase in consumption of convenient food items and the easy availability of such products. The ingredient used to make these products are organic and are considered healthy that goes in line with the trend of consuming healthy food, which further adds to the popularity of this product in the global market. The candy bars segment is expected to witness the substantial growth with CAGR of 15.2% throughout the forecast period. This was attributed to organic candy bars having no additives and being a healthier alternative to the regular candy bars. This character of being less harmful to the health act as the major driving factor for the candy bar category in the product type segment.
From a geographical point of view, North America held a XX% share in the Organic Snacks market during the forecast period followed by Asia-Pacific. Growth in this region is due to a rising inclination for on-the-go snacking and a growing demand for organic food. According to the Organisation for Economic Co-operation and Development (OECD), adult obesity rates in 2017 were the highest in the US and Mexico. This can be attributed to the high consumption of carbohydrate and fat-rich snacks. The growing trends of low-calorie snacks and snacks with natural additives are expected to boost the growth of the regional organic snacks market during the forecast period.
The Organic Snacks Market Report contains in-depth analysis of major drivers, opportunities, challenges, industry trends and their impact on the market. The Organic Snacks Market report also provides data about the company and its strategy. This report also provides the information on the Pricing Strategy, target Client of Market. Also provides detail strategies, M&A offered by the company. This research report also adds a snapshot of key competition, market trends during the forecast period, expected growth rates and the primary factors driving and impacting growth market data. This information will be beneficial or helpful to the decision makers.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global Organic Snacks Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Organic Snacks Market.
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Scope of Global Organic Snacks Market:
Global Organic Snacks Market, by Product Type:
- Cookies and Crackers
- Fruit Snacks & Dried Fruit Snacks
- Puffs and Chips
- Salty Snacks
- Energy Bars
- Meat Snacks
Global Organic Snacks Market, by Packaging type:
Global Organic Snacks Market, by Distribution Channel:
- Supermarkets and Hypermarkets
- Retail Outlets
- Specialty Stores
- Convenience Stores
Global Organic Snacks Market, By Region:
- North America
- South America
- Middle East & Africa
Key Players Operated in Market Include:
- Simple Squares
- YummyEarth, Inc.
- Utz Quality Food, LLC
- Eat Real
- Creative Snacks Co.
- Annies Homegrown Inc
- Navitas Organics
- Clif Bar & Company
- My Super Foods
- Peeled Snacks
- Beanitos Inc.
- Late July Snacks LLC
- 8 Rabbits
- Cussons Australia Pty Ltd
- Kraft Heinz
- Kewpie Corporations
- Louisville Vegan Jerky Co.
- Organic Food Bar
- Conagra Brands, Inc.
- General Mills, Inc.
- Hain Celestial
- Hormel Foods Corporation
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