Market Overview
Global Organic Snacks Market are manufactured from organic products. Hence, they are good for health. A new report on the global organic snacks market, published by Market Research Future (MRFR), predicts that this market could see growth between 2018 and 2023.
The most important market driving factor for the global organic snacks market growth is the rich nutritional value of organic snacks as the ingredients used in organic snacks, especially energy bars grow in organic farms without the use of genetically modified organisms and chemical pesticides. The prevalence of allergies caused by harmful additives in other types of snacks and the rising demand for ‘free-from’ labels can progress the market growth. Innovations contributing to the global organic snacks market include plant-based diets and grass-fed meat. The market is also surging due to the rising consumption of edible flowers and the production of regular snacks via organic methods.
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Key Players
Big players in the Global Organic Snacks Market include Conagra Brands Inc. (USA), Creative Snacks Co. (USA), Eat Real (UK), General Mills Inc. (USA), Hain Celestial (USA), Hormel Foods Corporation (USA), NURTURME (USA), SunOpta (Canada), Utz Quality Food LLC (USA) and YUMMYEARTH Inc. (USA)
Latest Industry News
Target is going to launch an in-house food brand called Good & Gather. All of the products of this brand are to be made without artificial flavors, artificial sweeteners, high fructose corn syrup, and synthetic colors. 20 AUG 2019
Market Segmentation
Global Organic Snacks Market segmentation encompasses distribution channel, packaging type, and product type. MRFR’s take on the market explores various facets of the market in-depth.
Based on the distribution channel, this market has been segmented into store-based distribution channel and non-store-based distribution channel. The store-based segment has been sub-segmented into convenience stores, supermarkets & hypermarkets, and others. During the forecast period, the store-based distribution system segment is expected to generate higher revenue. Maximum revenue is expected from the supermarkets and hypermarkets sub-segments due to the strong and widespread network of stores. The non-store-based distribution system segment is expected to register higher growth during the forecast period due to technological advancements in the e-commerce industry, increasing internet penetration, and growing consumer preference for online retailing.
By packaging type, the market has been segmented into cartons, pouches, and others. During the forecast period, the pouches segment can dominate the global organic snacks market as pouches are cost-effective and easy to carry. The inner lining in pouches increases the shelf life of the packaged product. However, the cartons segment can witness the fastest growth as cartons help in maintaining the brittle shapes and structures of snacks. Therefore, cartons minimize the risk of breakage.
Regarding product type, the market has been segmented into cookies & crackers, dried fruits, energy bars, meat snacks, puffs & chips, and others. During the forecast period, puffs & chips segment can hold the largest market share due to the introduction of different flavors and shapes by major market players to attract younger consumers. The energy bars segment has been estimated to be the fastest-growing market segment due to the increasing health consciousness of consumers and the rising demand for nutritional supplements and energy supplements. Organic energy bars have nutrition value as they contain carbohydrate, fiber, and protein.
Regional Segmentation
A geographical outlining of the Global Organic Snacks Market covers North America, Europe, Asia Pacific, and the Rest of the World (RoW).
North America is an important regional market due to awareness among consumers about organic snacks and rising health consciousness among consumers. Other important factors leading to market growth include the increasing rate of obesity in the USA, high disposable income, initiatives by US government to boost organic farming, advantages of organic snacks, growing demand for organic food, and presence of key market players. The major portion of market revenue comes from the USA and Canada, with Mexico making a sizable contribution.
Although most of the important market players are not based in Europe, the market is strong primarily due to the reasons that are same as in North America. The significant country-specific markets in this region are France, Germany, Italy, Spain, and the UK. An observation of the remaining countries in Europe featured in this report speculate the huge addition to market revenue from some other countries in Europe.
In the Asia Pacific region, the market is growing due to stable economic growth, emerging economies, increasing disposable income of consumers, rising health consciousness among consumers, the introduction of regional flavors by snacks manufacturers, and awareness among consumers about organic snacks. The major country-specific markets in this region are China, India, and Japan. In this report, Australia and New Zealand have been clubbed into one segment. An analysis of the remaining countries in the Asia Pacific region featured in this report estimates the huge contribution to market revenue from some other countries.
The RoW segment covers Africa, South America, and the Middle East. In South America, the market is decent. Although manufacturers in North America import many organic products from South America to manufacture snacks, very few organic snacks are manufactured in South America, and most of them are imported from North America. The purchasing power of consumers is lesser than North American consumers, but the demand is high. The biggest economies that can become important country-specific markets in future are Argentina and Brazil. The Middle East can be a decent regional market as the purchasing power of consumers in the Middle East is higher than those in Africa. Most organic snacks available in the Middle East market are imported from North America. The market is limited in this region due to lack of awareness. In Africa, the market is small and slow due to lack of awareness and low purchasing power of people.
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