Future Market Insights research indicates that during the estimated period, the Organic Snack Food market is expected to grow at a CAGR of 4.1%. Forecasts indicate that the market will increase in value from US$ 9.1 Billion to US$ 13.5 Billion by 2033.
Market segmentation for organic snack foods is done based on flavours, including chocolate, vanilla, strawberry, and others. As a result, it is anticipated that the global market for organic snack foods will develop significantly during the projected period. Snacks are meals that are typically eaten in between larger meals and are smaller portions of food. There are many different types of snacks, including processed foods and packaged snack items. Organic snacks are made with organic ingredients and are free of genetically modified organisms.
Made with gluten-free, non-GMO, USDA-certified organic ingredients, organic snacks are a nutritious snack option. Snack foods that are organic are those that are made with wholesome, nutrient-dense components including proteins, vitamins, and minerals.
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The organic snack foods such as potato chips, tortilla chips, corn chips; bakery products such as pancakes, bagel, pretzels, cookies and confectionery such as candies, chocolates, raisins, etc. contains organic ingredients which are nutritious and gluten-free as compared with conventional snacks.
The organic snack foods are typically designed to be portable, healthy, nutritious and satisfying by the taste. The organic snack foods market is rising rapidly due to the increase in the health awareness among the people in consumption of organic foods that are beneficial for the body.
Global Organic Snack Foods: Market Segmentation
The global organic snack foods market is segmented on the basis of product type, distribution channels, flavors and region type. The organic snack market is segmented on the basis of product type in which it includes snacks such as potato chips, corn chips, tortilla chips, and bakery products such as bagel, biscuits, doughnuts, cheese snacks, nut bars, pretzels, crackers, pita chips, confectionery such as chocolates, candies, candy bars and other snacks.
The global organic snack foods market is segmented on the basis of distribution channels such as supermarket/hypermarket, grocery stores, e-commerce, convenience stores and other retail formats. The global organic snack foods market is segmented on the basis of flavors such as chocolate, vanilla, strawberry and others. Hence, the global organic snack food market is expected to increase significant growth over the forecast period.
Global Organic Snack Foods Market: Regional Outlook
On the geography basis, the global organic snack foods market can be segmented by major regions which includes Latin America, Western Europe and Eastern Europe, North America, Asia-Pacific region, Japan, Middle East and Africa.
Europe is emerging as the most dominant region in global organic snack foods market. The Asia/Pacific region is seemed to have a healthy CAGR over the forecast period. Thus the rise in the retail sector, efficient distribution and innovative marketing strategies of organic snack foods companies are the vital factors driving the growth of organic snack foods in the region.
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Global Organic Snack Foods Market: Growth Drivers
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 calorie content of the body and less nutritional benefits.
The millennial and kids are the major consumers of the organic snack foods globally. The demand for organic snacks is increasing rapidly and gaining popularity all over the world as a result of presence of natural ingredients in the snacks. Increasing demand for healthy snacks due to growing health awareness is expected to drive the organic snack foods market over the forecast period.
Increasing organic farming and practicing organic agriculture in various developed region is one of the key factor for the growth of organic snack food market. As a result of growing health awareness, consumers are inclining towards consumption of organic food products as they are healthier and more sustainable as compared with conventional food products, which is also another key factor for the growth of organic snack food market. Hence, strong impulse buying behavior towards organic snack foods among the young consumers is mostly driving the organic snack food market.
Global Organic Snack Foods Market: Players
Some of the key players identified across the value chain of the global organic snack foods market include
Pure Organic, PRANA, Made in Nature, Kadac Pty Ltd, Navitas Naturals, General Mills, Woodstock Farms Manufacturing, SunOpta, Simple Squares and Organic Food Bar. The companies are anticipated to expand their business by enhancing their product portfolio in organic snack foods market over the forecast period.
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Segmentation of Organic Snack Food Market
Segmentation By Product Type:
- Potato Chips
- Corn Chips
- Tortilla Chips
- Bakery Products
Segmentation By Distribution Channel:
- Supermarket/Hypermarket
- Grocery Stores
- E-Commerce
- Convenience Stores
- Other Retail Formats
Segmentation By Flavors:
- Chocolate
- Vanilla
- Strawberry
- Others
Segmentation By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
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