According to the latest report by IMARC Group, titled “Organic Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global organic snacks market size reached US$ 11.1 Billion in 2022. Organic snacks refer to food products manufactured using healthy, natural, and non-genetically modified organisms (GMO) ingredients. They are rich in proteins, vitamins, minerals, antioxidants, fibers, and omega-3 fatty acids. Some commercially available organic snacks include candy bars, chips, cookies, bagels, pretzels, biscuits, chocolates, raisins, and pancakes. These products are manufactured from fruits, vegetables, grains, nuts, and meat without artificial colors, fertilizers, and pesticides. As compared to traditional snacks, organic snacks are produced using natural ingredients grown through organic farming practices, which reduces environmental pollution. Apart from this, their consumption aids in maintaining cardiovascular health, lowering cholesterol levels, boosting immunity, and preventing the risk of chronic illnesses.
Global Organic Snacks Market Trends:
The rising health consciousness among the masses is one of the primary factors driving the market growth. Organic snacks contain highly nutritious ingredients that provide several health benefits, such as instant energy, improved nutrient intake, and reduced risk of diabetes, obesity, fatty liver, and cardiovascular diseases. In addition to this, increasing demand for healthy ready-to-eat (RTE) and convenience food products due to changing consumer lifestyles and hectic schedules are acting as another growth-inducing factor. Furthermore, the increasing consumer awareness regarding the adverse health impact of non-organic snacks containing artificial flavors, preservatives, chemicals, colorants, and additives is providing an impetus to the market growth. Additionally, the introduction of innovative product variants with exotic flavors, such as banana bites, beef jerkies, dried mango, sprouted seeds, carrot sticks, and chickpeas, are positively influencing the market growth. Along with this, aggressive promotional campaigns by manufacturers through advertisements, social media, discount deals, and innovative packaging solutions are propelling the market growth. Moreover, increasing product adoption for toddlers as they are safe and free from allergens, improve gut health, and aid in developing stronger immunity is favoring the market growth. Other factors, including rising expenditure capacities of consumers, easy product availability across various e-commerce platforms, escalating product demand among vegan and lactose-intolerant consumers, and the increasing prevalence of chronic diseases, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 20.5 Billion by 2028, exhibiting a CAGR of 10.2% during 2023-2028.
- On the basis of the product type, the market has been divided into nutrition bars, candy bars, salty snacks, nuts, and others.
- Based on the generation, the market has been classified into millennial, generation X, and baby boomers.
- On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, specialty stores, convenience stores, online stores, and others.
- On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined, with some of the key players being 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.).
|Base Year of the Analysis
||Product Type, Generation, Distribution Channel, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.).
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