Plant-Based Snacks Market Future Scope and SWOT Analysis by 2030
Research Reports
Aug 24, 2023
Market Research Future Insights
According to MRFR analysis, the global plant-based snacks market is expected to register a CAGR of 7.85% from 2023 to 2030 and hold a value of over USD 77.9 billion by 2030.
The plant-based snacks market has witnessed a remarkable surge in popularity in recent years, driven by a growing awareness of the health benefits associated with plant-based diets and the rising demand for sustainable food choices. These snacks provide a wealth of vitamins, minerals, and antioxidants, while also contributing to reduced environmental impact – a winning combination that appeals to modern consumers.
A Sustainable Future:
The growth of the plant-based snacks market aligns perfectly with the global shift toward sustainable living. By choosing plant-based snacks, consumers can actively contribute to reducing the carbon footprint associated with food production, preserving water resources, and promoting biodiversity.
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Key Players
Some of the key market players are Zelle Organic, Siren Snacks Inc. , Green Park Snacks Ltd, Eat Natural, Primal Spirit Foods Inc., Louisville Vegan Jerky Co., Nestle S.A., Conagra Brands, Inc., General Mills Inc., Unilever Group
Regional Analysis
North America is the largest market for plant-based snacks, with the United States and Canada contributing significantly to the region’s market growth. This growth is driven by the increasing demand for healthier snacking options and the growing interest in plant-based diets. The region also has a high level of consumer awareness about health and wellness, which has contributed to the growth of the plant-based snacks market.
Europe is another significant market for plant-based snacks, with countries like the United Kingdom, Germany, and France seeing significant demand for these products. The region’s market is driven by the increasing interest in healthy snacking options, the growing trend of plant-based diets, and the focus on sustainable food choices. In addition, the region has a well-established vegan and vegetarian culture, which has contributed to the growth of the plant-based snacks market.
The Asia Pacific region is also a significant market for plant-based snacks, with countries like China, Japan, and India seeing significant growth in demand. The region’s market is driven by the increasing awareness of the importance of healthy eating habits, the growing interest in plant-based diets, and the increasing availability of plant-based snack options. Additionally, the region’s large population and increasing disposable income have contributed to the growth of the plant-based snacks market.
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Market Segmentation
The Global Plant-Based Snacks market has been segmented into Product Type, Category, and Distribution Channel.
Based on the Product Type, the market has been segmented into Meat Alternative Snacks, Cereal/Grain-Based Snacks, fruit & Nut Snacks, Plant-Based Snack Bars And Others.
Based on the Category, the market has been segmented into Conventional, Organic, And Others.
Based on the Distribution Channel, the market has been segmented into Store-Based, and Non-Store-Based
Discover more research Reports on Food, Beverages & Nutrition Industry, by Market Research Future:
Plant-Based Food Market Research Report Information by Type (Plant-Based Milk and Derivatives, Bakery and Confectionery, Sweet and Savory Snacks, Plant-Based Juices, RTD Tea and Coffee, RTE, RTC Meals, and Others), By Category (Organic, and Conventional), By Distribution Channel (Store-Based, and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest of The World) – Market Forecast Till 2030.
Plant-Based Food & Beverages Market Research Report Information By Product Type (Plant-Based Milk & Derivatives, Plant-Based Milk, Plant-Based Meat, Bakery & Confectionery, Sweet & Savory Snacks, Plant-Based Juices, RTD Tea & Coffee), By Source (Soy, Wheat, Pea, Coconut, Almond, Cashew), By Category (Conventional And Organic), By Distribution Channel (Store-Based And Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
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