Organic Snack Food Market Size and Forecast 2024-2033|Hormel Foods Corporation, General Mills Inc., SunOpta Inc., Dean Foods Co, Organic Food Bar Inc

Overview and Scope

Organic snack food is a small portion of food eaten between regular meals that are prepared using organically certified ingredients that do not contain genetically modified organisms (GMOs) and artificial additives. Organic snack food contains healthy nutrients and ingredients such as minerals, proteins, and vitamins.

Sizing and Forecast

The organic snack food market size has grown strongly in recent years. It will grow from $10.68 billion in 2023 to $11.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing health consciousness, preference for organic products, retail expansion, dietary trends.

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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Segmentation & Regional Insights

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

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

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Major Driver Impacting Market Growth

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.

Key Industry Players

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

The organic snack food market report table of contents includes:

1. Executive Summary

2. Organic Snack Food Market Characteristics

3. Organic Snack Food Market Trends And Strategies

4. Organic Snack Food Market – Macro Economic Scenario

5. Global Organic Snack Food Market Size and Growth

26. South America Organic Snack Food Market

27. Brazil Organic Snack Food Market

28. Middle East Organic Snack Food Market

29. Africa Organic Snack Food Market

30. Organic Snack Food Market Competitive Landscape And Company Profiles

Top Major Players: