ORGANIC SNACK MARKET TO REACH USD 19.2 BILLION BY 2027 | CAGR 10.6% – FORENCIS RESEARCH

Organic Snack MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Organic Snack Market: Key Highlights

  • According to the new market research report Organic Snack Market by Product Type (Nut-based Snacks, Grain Snacks, Meat Snacks, Frozen Snacks, Bakery Snacks, Vegetable & Fruit Snacks, Others), by Distribution Channel (Hypermarket / Supermarket, Convenience Stores, Specialty Food Stores, Online Retailers, Others),by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global organic snack market is estimated to reach USD 19.2 Billion by 2027 at a CAGR of around 10.6% during the review period.
  • Organic snacks are healthy convenience food made from organically grown ingredients without use of any harmful fertilizers, pesticides, artificial additives, and genetically modified organism (GMO)
  • Consumption of healthy snacks helps to improve focus, reduce stress, and improve productivity
  • Organic snack foods such as tortilla chips, potato chips, and corn chips, some bakery products such as bagels, pancakes, pretzels, and cookies; and confectionery such as chocolates, candies, raisins, etc. contain organic ingredients that are nutritious and gluten-free as compared with conventional snacks.

Organic Snack Market

Global Organic Snack Market: Key Market Dynamics

  • Organic snacks are gaining popularity amongst consumers over conventional snacks across the globe owing to its nutrients properties and health benefits, which has expected to drive the market growth
  • Increasing organic farming and practicing organic farming in various developed regions has anticipated to drive the growth of product market
  • Higher cost of organic snacks due to the use of organic ingredients has expected to pose a challenge to the

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Global Organic Snack Market: Regional Overview

  • North America

North America is expected to dominate organic snack market during the forecasted period. This has attributed by the increasing demand for gluten-free items in the US, robust growth of the sports nutrients industry, and rising concern regarding cardiovascular diseases caused due to consumption of red meat. According to the Center for Disease Control and Prevention (CDC), the numbers of adults diagnosed with heart disease were 30.3 million in 2018.

  • Europe

Europe is anticipated to account the largest share in organic snack market during the forecasted period owing to factors such as large-scale production and consumption of plant-based products, as well as high raw material costs. Moreover, the rising awareness regarding the benefits of organic snacks among consumers has led to increased inclination of manufacturers to comply with standards introduced by the EU regarding non-GMO products, thereby encouraging the growth of the organic snacks market in Europe.

Global Organic Snack Market: Key Players Overview

  • Danone:

Danone is a Europe based company and is one of the global leader in food & beverage industry. The company operates through business segments including essential dairy and plant-based products, waters, early life nutrition and medical nutrition. Danone’s international product brands areActivia, Actimel, Alpro, Danette, Danonino, Danio, evian, Volvic, Nutrilon/Aptamil, and Nutricia. In August 2017, the company introduced a new line of snacks called Horizon Organic Good & Go!. The company offers peel-open packaging, which is convenient for school lunches. These products are available in different varieties including Cashews & Sweetened Cranberries, Cheddar, Raisins, Cheddar & Pretzels, and Colby & Apple Crisps.

  • Kashi:

Kashi is a US-based company and is engaged in plant-based food. The company offer broad range of product portfolio with more than 90 products and are sold across the US and Canada. Kashi offers various products including cereals, entrees, and snacks with curated ingredients. In February 2019, Kashi, introduced Kashi Organic Super Food Bites, made for kids. This will help to increase its product portfolio for kids.

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Rep Id : FnB 041

Published : 2020-08-13

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