IMARC Group, a leading market research company, has recently releases report titled “Organic Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global organic snacks market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Organic Snacks
Organic snacks comprise various food options, such as organic fruit bars, granola, nuts, and chips, that are manufactured using organic farming practices to maintain soil and environmental health. They do not involve the utilization of synthetic pesticides, herbicides, artificial preservatives, flavors, colors, sweeteners, or genetically modified organisms (GMOs). They rely on natural methods to enhance flavor and extend the shelf life of food products. They have a fresher and more natural taste and are a healthier option compared to conventional snacks as they lack synthetic chemicals and additives. They offer healthy snacks to health-conscious consumers while aligning with eco-conscious values. As they provide higher levels of nutrients and antioxidants due to organic farming practices, the demand for organic snacks is increasing across the globe.
How Big Is the Organic Snacks Market?
The global organic snacks market size reached US$ 11.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.2% during 2023-2028.
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What are the growth prospects and trends in the organic snacks industry?
At present, the rising demand for clean-label food products among health and eco-conscious consumers represents one of the key factors bolstering the growth of the market. Additionally, the increasing adoption of organic snacks that are free from gluten, dairy, or nut snacks allergies among individuals is strengthening the market growth.
Apart from this, there is a rise in the demand for organic snacks among people with busy lifestyles and hectic schedules. This, coupled with the growing adoption of organic protein bars and trail mixes to maintain a healthy mind and body, is offering a favorable market outlook. In addition, the wide availability of organic snacks through various distribution channels, such as hypermarkets, supermarkets, and convenience and online stores, around the world is providing lucrative growth opportunities to industry investors.
Besides this, the introduction of unique flavors and formats in organic snacks to attract a large consumer base is supporting the market growth. Furthermore, the escalating demand for healthier food options due to the increasing awareness about health and wellness among the masses is contributing to the market growth.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Nutrition Bars
- Candy Bars
- Salty Snacks
- Nuts
- Others
Breakup by Generation:
- Millennial
- Generation X
- Baby Boomers
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Conagra Brands Inc., Danone S.A., Frito-Lay North America Inc. (PepsiCo Inc.), General Mills Inc., Hain Celestial Group Inc., Hormel Foods Corporation, Kadac Pty Ltd., Made in Nature, Navitas Organics, Prana Organic and Woodstock Farms Manufacturing (United Natural Foods Inc.).
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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