Organic Snacks Market Research Report - Forecast till 2027

Organic Snacks Market Research Report Information by Product Type (Cookies & Crackers, Dried Fruits, Energy Bars, Meat Snacks), Packaging Type (Pouches, Cartons), Distribution Channel (Store-Based, Non-Store-Based), and Region - Forecast till 2027

ID: MRFR/F-B & N/5150-HCR | February 2023 | Region: Global | 90 Pages         

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Organic Snacks Market

Organic snacks market size is anticipated to reach USD 29.72 billion by 2027, registering a CAGR of 6.50% during 2020-2027.

Segmentation
By Product Type Cookies & Crackers Dried Fruits Energy Bars Meat Snacks
By Packaging Type Pouches Cartons
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Rest Of The World
Key Players
Companies Profiled   YummyEarth Inc.    8 Rabbits   Utz Quality Food LLC    Late July Snacks LLC    Eat Real    Beanitos Inc.    Creative Snacks Co.    Peeled Snacks    My Super Foods    NurturMe    Clif Bar & Company    Sprout    Annies Homegrown Inc    Navitas Organics
Drivers
Market Driving Forces   Rising disposable income in developing countries    Rising awareness among the target consumer
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Organic Snacks Market Overview


Organic snacks market is expected to grow at a 6.50% CAGR and reach USD 29.72 billion by 2027. The organic snacks market is being considered highly fragmented, with a significant number of players participating. The concept of organic snacks has grown in popularity as a result of consumer desire for high-protein and handy snacks. The global market manufacturers are investing heavily in the development of unique goods and flavors that cater to consumer preferences, their tastes and preferences followed by the need to push the market growth even more.


The rising impact of the pandemic is helping people to prioritize their health and this is functioning as an excellent opportunity for the expansion of the organic snacks market during the ongoing forecast period that ends in 2027.


COVID 19 Analysis


The sudden and fatal spread of the coronavirus pandemic (COVID-19) has resulted in a significant increase in demand for packaged foods like organic snacks amongst various consumer groups. Despite this, the market expansion is being hampered by an interruption in the demand and supply chains followed by insufficient personnel shortages. However, if normalcy is restored, the market is likely to enter into a state of rebound. The sudden spread of the Covid-19 pandemic is wreaking havoc on society and the functioning of the global economy. The pandemic's influence is expanding with each passing day, and it's hurting the demand and supply chain mechanism of the market. The rise of the COVID-19 situation is causing stock market anxiety, a major slowdown in supply chains, followed by other factors like a drop in corporate confidence, and an increase in panic among customer segments. The pandemic's overall influence is having a major effect on the production processes of a variety of businesses, including technology, media, and especially the functioning of the food industry.


Market Dynamics


Drivers


The organic snacks market is highly fragmented, and the main reason behind this is a significant number of players participating. Organic snacks are enjoying major popularity as a result of consumer desire for high-protein, handy snacks. Another aspect fueling the market's expansion during the ongoing forecast period that will be ending in 2027 is the rising disposable income in developing countries. The global market manufacturers are investing heavily in the development of unique goods and flavors that help to cater to consumer preferences, pushing market growth even more. Consumers are witnessing a rise in their awareness owing to the availability of some sort of quick food products made from a variety of organics. As a result, the worldwide organic snacks market will witness the development of an excellent degree of demand for specialty snacks rises.


Restraints


The organic snacks market value during the ongoing forecast period of 2020-2027, has been slowed by the rising prevalence of heart disease, obesity, and diet-related disorders. The biggest issues that organic snack makers confront are facing are the growing trend of unhealthy and junk food items that are slowing down the market trends and the organic snacks market outlook. The global market's expansion is hampered by price variations connected with raw materials and high final product costs that help in a better production of food. Thus, these factors affect the market and reduce the chances of attaining the market forecast based on the predictions for the ongoing forecast period.


Technology Analysis


The global organic snacks market is likely to be witnessing significant growth, thanks to the increasing health consciousness among the global target consumers. The rising level of awareness among the target customer groups regarding the health benefits of organic food has helped to fuel the consumption of organic snacks. The increasing obesity followed by the rise of other health issues, and the prominence of other market factors that like the issues because of the consumption of traditional food has also supported the demand for organic snacks across the world.


Segment Overview


The report segments the global organic snacks market based on product type, distribution channel, generation, and region to meet the rising needs of the global target audience.


Based on type


The type segment of the market has been bifurcated into nutrition bars, candy bars, salty snacks, nuts, and others.


Based on distribution channel


The global organic snacks market has been segmented into retail stores, supermarkets or hypermarkets, convenience stores, and e-commerce.


Based on generation


The global market has the generation segment that has been classified into millennials with ages ranging between 18 and 34 years, followed by the generation X with ages ranging between 34 and 50 years, and baby boomers having ages between 51 and 69 years.


Based on the region, the market has been segmented as follows:


North America



  • The U.S.

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • Spain

  • UK


Asia-Pacific



  • China

  • India

  • Japan

  • Australia

  • New Zealand


Rest Of the World (ROW)



  • South America

  • The Middle East

  • Africa


Regional Analysis


During the forecast period that will be ending in 2027, the North American market is expected to lead the market for organic snacks. The market trends suggest that there has been a growing need for nutritious and high-protein snacks, as well as a large consumer base for organic and organic products, which are driving the organic snacks industry. The United States, as a part of the North American market, has emerged as the largest market share in the region. During the forecast period, the Asia-Pacific region is also, expected to increase at the fastest rate. Thus, it will help to increase the organic snacks market and will help in achieving the market analysis true.


Competitive Analysis


The organic snacks market discusses the emergence of the global market owing to functions rendered by the following market players:



  • YummyEarth, Inc.

  • 8 Rabbits

  • Utz Quality Food, LLC

  • Late July Snacks LLC

  • Eat Real

  • Beanitos Inc.

  • Creative Snacks Co.

  • Peeled Snacks

  • My Super Foods

  • NurturMe

  • Clif Bar & Company

  • Sprout

  • Annies Homegrown Inc

  • Navitas Organics


Recent Developments



  • Justin's is emerging as one of the leading organic snacks brands. It has recently announced a new product launch on an international scale. The launch is its new organic nut butter-covered nuts. This step taken by the company is expected to be a breakthrough in the organic snacks industry, as it will be emerging as the first completely plant-based snack in the world.

  • Campbell, which is another global leader in organic snacks, has also announced its plans to move towards new, more natural packaging options to entice can-averse consumers and expand its target market. The rising trend of natural packaging is new in the global market functioning but has gained significant momentum since its advent. Many prominent market companies are taking up natural packaging to pack their organic food products.

  • In 2019, the salty snack segment had accounted for the highest share in the product type segment during the period that had ended in 2020. The global market for salty snacks is likely to be driven by the increase in consumption of convenient food items and the easy availability of such products all over the world. The ingredients of the market are used to make these products are organic and are considered healthy goes in line with the trend of consuming healthy food, and this helps to add to the popularity of this product in the global market.


Report Overview


The global organic snack market research report offers in-depth qualitative insights into the potential segments or geographies that are expected to grow rapidly. The global market report examines existing and prospective organic snacks market trends and prospects in-depth. It is a thorough examination of the elements of the global market functioning that drive and limit the growth of the organic snacks business. It's also a thorough market study and strategies that involve tracking the important product positioning, functioning, and keeping tabs on the major competitors within the global market framework. The curated market report for the organic snacks market has been prepared after carrying out a deep study and analysis followed by the act of going through every propelling and potential aspect of the market by analyzing the data which aims for excellent market growth during the ongoing forecast period that will be ending in 2027.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 29.72 Billion
  CAGR   6.50%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, Packaging Type, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   YummyEarth Inc., 8 Rabbits, Utz Quality Food LLC, Late July Snacks LLC, Eat Real, Beanitos Inc., Creative Snacks Co., Peeled Snacks, My Super Foods, NurturMe, Clif Bar & Company, Sprout, Annies Homegrown Inc, Navitas Organics
  Key Market Opportunities   Rising impact of the pandemic is helping people to prioritize their health
  Key Market Drivers   Rising disposable income in developing countries, Rising awareness among the target consumer


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Frequently Asked Questions (FAQ) :

The expected CAGR growth for the global market is estimated to grow at a 6.50% CAGR by 2027.

North America is expected to hold the largest market share in the global organic snacks market, followed by Europe and the Asia Pacific, respectively.

YummyEarth Inc., 8 Rabbits, Utz Quality Food LLC, Late July Snacks LLC, Eat Real, Beanitos Inc., Creative Snacks Co., Peeled Snacks, My Super Foods, NurturMe, Clif Bar & Company, Sprout, Annies Homegrown Inc, Navitas Organics are some of the top players in the global organic snacks industry.

The market has been segmented based on the type, source, distribution channel, flavor, and region.