The organic snack food market size is expected to see strong growth in the next few years. It will grow to $14.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to sustainability concerns, e-commerce growth, regulatory support, expanding distribution channels. Major trends in the forecast period include product innovation, increased investment, clean labeling, plant-based and vegan options, functional ingredients, convenience and on-the-go snacking, innovative packaging.
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Scope Of Organic Snack Food Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Organic Snack Food Market Overview
Market Drivers –
The growth in spending capacity of the end users, coupled with the growing health consciousness and rising consumption of organic foods by the populace owing to harmful side effects of conventional snacks, including increasing calorie content, increasing obesity, and fewer nutritional benefits, is driving the market. Moreover, the increasing spending capacity of people, especially in developing countries like India and China, is contributing to higher demand for organic snack food manufacturing over the forecast period. For instance, in March 2023, according to China Power, a China-based power related company, China’s government budget for 2023 includes a 5.6% increase in expenditure, leaving the country with an official projected deficit of nearly RMB 3.9 trillion ($564.1 billion), up 15.1% from 2022. . Therefore, increasing consumer spending is predicted to generate higher demand for growth of organic snack food market in the forecast period.
Market Trends –
Many food manufacturers are making new and healthy snack launches by reducing the use of artificial colours and increasingly using natural ingredients in order to meet the consumer requirements for healthier and natural ingredients. For instance, more than 11 food companies, including Chipotle, Kraft, Taco Bell, Pizza Hut, Subway, and other product types, removed the use of artificial colours and flavors. Moreover, government bans on artificial flavours are a major opportunity for organic snack food manufacturers for future expansion. According to the U.S. Food & Drug Administration, the FDA removed six of the ingredients from the FDA’s approved list, which included ethyl acrylate, benzophenone, myrcene, pulegone, eugenyl methyl ether, and pyridine. This scenario is predicted to boost the demand for the organic snack food market during the forecast period (2019 to 2023).
The organic snack food market covered in this report is segmented –
1) By Product Type: Fruit Snacks & Dried Fruit Snacks, Puffs & Chips, Energy Bar, Meat Snacks, Other Product Types
2) By Sales Channel: Hypermarkets and Supermarkets, Online Retailers, Food and Drink Specialists Stores, Convenience Stores
3) By Age Group: Millennial, Generation X, Baby Boomers
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Regional Insights –
Asia-Pacific was the largest region in the organic snack food market in 2023. North America was the second-largest region in the organic snack food market. The regions covered in the organic snack food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the organic snack food market include Hormel Foods Corporation, General Mills Inc., SunOpta Inc., Dean Foods Co, Organic Food Bar Inc., Simply Naturals, Braga Organic Farms Inc., Annie’s Homegrown, Mary’s Gone Crackers Inc., Arrowhead Mills Inc., Peeled Snacks Inc., Made In Nature, Little Duck Organics, Kettle Foods Inc., Rhythm Superfoods LLC, west~bourne, Sun & Swell Inc., Thrive Market, Patagonia Provisions, Nature’s Path Foods, KIND LLC, Kalani Organica Coffees & Teas, Kangaroo Brands Inc., Plum Organics, Prime Choice Foods Inc., Primex Farms LLC, Sonora Mills Foods Inc., popchips, Horizon Organic, Natierra
Table of Contents
1. Executive Summary
2. Organic Snack Food Market Report Structure
3. Organic Snack Food Market Trends And Strategies
4. Organic Snack Food Market – Macro Economic Scenario
5. Organic Snack Food Market Size And Growth
…..
27. Organic Snack Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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