Organic Snacks Market, Share, Growth, Trends, Analysis, Regional Outlook and Forecast to 2027
Research Reports
Jan 17, 2022
Market Insight
The global organic snacks market 2020 has picked up considerable speed in the past few years, notes Market Research Future (MRFR) and can gain extensive grounds between 2018 and 2023 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Top Drivers and Deterrents
Retailers have significantly benefitted from the lockdown imposed by governments following the COVID-19 outbreak. Organic shops and outlets have primarily remained open, thereby attracting a huge number of buyers that are facing health scare due to the novel coronavirus. Online retailers have also recorded robust sales as the escalating SARS-CoV-2 cases have raised the awareness level among consumers regarding the connection between health and nutrition. The current pandemic situation has led to a significant consumer interest in goods that are considered healthy, such as fruit, vegetables and functional foods. Organic snacks have observed a sharp spike in sales as they are perceived as the healthier and safer alternative to conventional products. Consumers are also relying on recent studies that suggest that organic food products contain higher nutrient level compared to the conventional ones. Another factor that is working in favor of the organic snacks industry is the rising willingness to try out new snacks, especially among Gen Z as well as millennials.
The organic snacks market has anyways been performing significantly backed by the expanding health consciousness populace and the resultant surge in the preference for natural foods. Buyers are increasingly going for natural food products to prevent the toxic impact of synthetic fertilizers that are generally utilized in conventional products. The growing presence of healthy and natural ingredients in small serving snacks has been instrumental in promoting their significance among millennials and the youth. Growth in budgets allocated for organic farming across several countries like the US, Australia and Canada has also been favorable for the organic snacks market. Rising popularity of eco-friendly and high-end snacks and the notable increase in disposable income across emerging countries have also widened the growth prospects of the global market.
The global market is rife with a number of international and local firms that are striving to expand their businesses with the introduction of new and innovative products. To cite a reference, in October 2020, Packed with Purpose introduced a range of organic snacks for the anticipated holiday season, which includes Work from Home Sampler that comprises organic potato chips, candy cane brownies and all-natural cranberry granola bar and more.
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Key Players
The significant market contenders profiled are Eat Real (UK), General Mills Inc. (US), SunOpta (Canada), NurturMe (US), Hain Celestial (US), Hormel Foods Corporation (US), YummyEarth, Inc. (US), Utz Quality Food, LLC (US), Conagra Brands Inc. (US), Creative Snacks Co. (US), to name a few.
Market Segment
Organic snacks industry can be dissected depending on product type, packaging type and distribution channel.
The organic snacks market, with respect to product type, has been classified into meat snacks, dried fruits, cookies and crackers, energy bars, puffs and chips, and more.
The various packaging types considered in the report are cartons, pouches, and others.
The organic snacks market, in terms of distribution channel, consists of store-based as well as non-store-based. The store-based channels are convenience stores, supermarkets and hypermarkets, and others.
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Regional Analysis
The regions across which the organic snacks market has gained prominence are Europe, North America, Asia Pacific or APAC, and RoW or rest of the world.
North America could be the market leader as the demand for organic snacks is significant in the region, considering the emerging trend of on-the-go eating habit and rising preference for natural food. With the rapid increase in adult obesity in the US as well as Mexico, more and more people are opting for organic and healthy foods that are low on calories. Also, snacks that have natural additives are also garnering interest among the consumers, which gives a boost to the regional market. Players in North America are constantly introducing innovative products to expand their customer base and remain ahead in the market. Many of the these players are also focused on offering customized solutions to the consumers to meet with the continuously evolving tastes and demand.
With the heightened demand for organic snacks in recent years, the APAC market can most likely gain the highest growth rate over the ensuing years. The changing consumer preferences along with the growing knowledge about healthier food alternatives in India, Japan and China have landed these countries at the front of the regional market. The expanding population, surge in economic status, coupled with the availability of a variety of local flavors could also strongly influence the organic snacks market in the region.
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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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