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Global Organic Snack Market

global organic snack market was worth USD 8.75 billionin the year 2020

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Global Organic Snack Market

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  1. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 Global Organic Snack Market Overview View report Sample report Press release Summary A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed market was worth USD 8.75 billionin the year 2020. It is forecast to grow at the CAGR of 11.8% during 2021-2027 (forecast period), earning revenue of around USD USD 18.3 billionby the end of 2027.Organic snacks are healthy foods made from organic ingredients without the use of harmful artificial additives.In recent years, consumer awareness about health and nutrition has led to a greater demand for organic snacks and foods.Additionally, the growth of the organic snack market is driven by an increase in disposable income, increasing consumer spending, the desire for environmentally friendly products, and the trend of buying and exploring new products.However, due to expensive fertilizers, organic certification, and after-harvest handling costs, the high cost of production is a significant restraint for the global organic snack market. that the global organic snack Report Overview Organic snacks are food products that are produced organically using organic ingredients which are certified and free of artificial additives and genetically modified organisms (GMOs). A healthy food source, organic snacks contain vitamins, minerals, and protein. The global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027, at a CAGR of 11.8% during 2021-2027 (forecast period). The organic snack market is growing globallyat a positive rate owing to factors such as the rise in the number of retail chains&

  2. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 supermarkets and a surge in consumers' spending capacity. Moreover, rising disposable incomes, new dietary habits, and demand for healthy readymade foods are other key drivers for this market's growth.Additionally, the increase in the willingness of customers in developing nations to purchase environment-friendly products is enabling the global organic snack market to accelerate in the coming years. Global Organic Snack Market Overview Organic snacks are food products that are produced organically using organic ingredients which are certified and free of artificial additives and genetically modified organisms (GMOs). A healthy food source, organic snacks contain vitamins, minerals, and protein. Increasing awareness of health issues among consumers and their desire for organic, natural foods over the past couple of years has driven the global organic snack market dynamically.Growing expenditure on organic farming in the U.S., Canada, Australia, and India is also one of the factors driving this market. Other factors contributing to its growth include developed retail landscapes, an ever-increasing demand for convenience foods, a rise in consumers' purchasing power, and millennials' willingness to try new products.Nevertheless, the high cost of production remains a roadblock for this market as it reduces the sales of organic snacks. Global Organic Snack Market Trends Growth Drivers Consumer Awareness Regarding Consumption of Organic Foods Recent changes in consumer behavior indicate the trend towards healthier choices.The result is that they have switched to organic foods in order to avoid damaging side effects of conventional foods.Organic snack foods are being preferred over the latter as they lead to increased obesity, increased calorie intake, and less nutrition uptake. According toOrganic Industry Survey by the Organic Trade Association, in 2019, the sales of the organic food segment haveoutpaced the total food sales in the U.S. The association further informed that this buying trend was more evident among millennials. Additionally, the demand for environmentally-friendly products without synthetic additives is also attracting buyers to the organic snack market.Furthermore, the expenditure on organic farming has increased as well.Global growth in organic snack sales is expected to be driven by new regulations regarding organic flavors. Increased Consumer Spending Toward Food Products The growing number of households with disposable income, the increase in purchasing power, strong impulse buying, and others are some of the factors that drive sales of organic snacks.For instance, as per the Ministry of Statistics and Programme Implementation data, consumer spending towards food, non-alcoholic drinks, and household items in India increased from USD 198.72billion in the

  3. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 second quarter to USD 244.30 Billion in the third quarter of 2020.With more purchasing power, consumers are willing to pay higher prices for healthier alternatives to organic products.Therefore, the organic snack food market is expected to grow in demand as consumer spending grows. Restraints High Cost of Production Compared to conventional farming, organic agriculture is more expensive due to the high cost of fertilizers, post-harvest handling costs, machinery, and organic certification.Because organic products have a relatively small volume, the marketing and distribution processes for them are also relatively inefficient.The result is a higher price margin for organic snack foods, and consumers are forced to pay a higher price for organic snacks compared to their unhealthy, conventional alternatives.Price concerns are thus hindering the growth of organic snack food. Impact of COVID-19 Global organic snack sales were somewhat affected by the COVID-19 pandemic, although the effect was relatively mild.The majority of organic food ingredients consumed by developed regions like North America and Europe come from Asia, Latin America, and Africa. This pandemic-induced lockdown impacted the availability of organic food in stores and supermarkets because the restriction on transportation has curtailed the movement of goods. Nevertheless, health and nutrition awareness has been raised among consumers due to the outbreak of the pandemic.The sales of organic products haveincreased globallyduring the pandemic period.As reported by the Organic Trade Association in its 2020 Organic Industry Survey, organic food sales in the U.S. reached USD 55.1 billion in 2020.Organic snack options provide consumers with immense health benefits and a composition free of additives because they focus on disease prevention and immunity improvement. This demand has boosted the growth of this market amid the pandemic. Global Organic Snack Market: By Product Based on product types, the global organic snack market is segmented intocandy bars, nutrition bars, salty snacks, nuts, meat snacks, and others. Among these, the snack bars/nutrition bars segment held the largest share in the market. There has been an increase in demand for these snack bars due to awareness of health and nutrition. Over the years, various ingredients have been added to these snack bars, such as granola, muesli, cereals, fruits, and others.A snack bar and nutrition bar are very popular because they are convenient to consume and replace heavy meals in the busy lives of the working class. Global Organic Snack Market: By Distribution In terms of distribution channels, the global organic snack market is segmented into department stores, supermarkets/hypermarkets, convenience stores, e-

  4. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 commerce, and others, with supermarkets holding the largest share in 2020.A supermarket provides a wide variety of products and the possibility of comparing and checking them before purchase.The impulsive buying of snacks at the checkout counter also boosts sales through the retail channel. Meanwhile, the e- commerce sector is supposed to grow during the forecast period as consumers nowadays prefer purchasing snacks online owing to social distancing norms. Thus, the increased use of smartphones and the availability of low-cost internet would boost online retailing in the global organic snack market. Global Organic Snack Market: Regional Insights The global organic snack market is categorized into North America, Europe, the Asia-Pacific, Latin America,Middle-East &Africa. Among these regions, the North American region holds the largest share in the market. According to the Organization for Economic Co-operation and Development (OECD), adult obesity rates are highest in the U.S. (38.2%) and Mexico (32.4%). This has led to buying trend of low-calorie and natural additives snack food. As a result of these factors and increasing consumer demand for healthy on-the-go snacks, the organic snack market has grown in this region. Additionally,the Asia-Pacific region is expected to grow at the fastest rate during the forecast period. Several factors have contributed to the growth of the organic snack market in this region, including the increase in budgets for organic farming and increased consumption of organic food.Among other factors, the rise in organic food manufacturers, as well as a rise in household food spending,is also bolstering consumer demand for organic foods.Furthermore, the increase in retail infrastructure has improved the accessibility of these products besides driving the demand for organic snack foods. Competitive Landscape The global organic snack market is fragmentedin nature with the participation of both international and regional players. The key players in the market include PRANA, Pure Organic, Kadac Pty Ltd, Made in Nature, Hormel Foods, Navitas Naturals, Conagra Brands, Hain Celestial, Woodstock Farms Manufacturing,Simply Naturals LLC, Yummy Earth Inc., Annies Homegrown Inc., General Mills, Frito-Lay Inc., Danone, and other prominent players. These players are constantly utilizing product innovations to increase their market share and remain competitive in the market. For instance, Horizon Organic, a Danone company, offers products that can be easily opened with easy peel-open packaging. Recent Developments In May 2021, Nature Bio Foods announced the inauguration of its futuristic organic food processing plant at Maasvlakte near Rotterdam, Netherlands. This new integrated organic ingredient processing facility aimsto provide products to the customer through a sustainable supply chain. 

  5. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 In December 2020, LT Foods decided to scale up its organic food brand ‘Ecolife’ to leverage the rapidly growing health trends in the pandemic. The company is focusing its production on the rapidly growing organic market. This new launch would increase its current franchise of manufacturers.  In March 2020, Mahindra Agri Solution invested in Mera Kisan, an organic food manufacturing start-up.This initiative wouldensure delivering organic fruits and vegetables of the highest quality directly to consumers' doorstep. In addition, the farmers would benefit from this as payment would be made upfront through an online payment platform.  Scope of the Report Attribute Details Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 Years Considered Facts Covered Revenue in USD Million U.S, Canada, Germany, UK, France, Italy, Spain, Argentina, Japan, China, India, Australia, UAE, South Africa, Saudi Arabia, Turkey Brazil, South Mexico, Korea, Market Coverage By Product Type, By Distribution Channel, By Generation, and By Region Product/Service Segmentation Key market are- PRANA, Pure Organic, Kadac Pty Ltd, Made in Nature, Hormel Foods, Navitas Naturals, Conagra Brands, Hain Celestial, Woodstock Farms Manufacturing, Simply Naturals LLC, Yummy Earth Inc., Annies Homegrown General Mills, Frito-Lay Players for the Key Players Inc., Inc.,

  6. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 Danone, prominent players and other By Product Type Candy Bars Nutrition Bars Salty snacks Nuts Meat Snacks Others       By Distribution Channel Departmental stores Supermarket/hypermarket Convenience stores E-commerce Others      By Generation Millennials Generation X Baby Boomers Others     By Region North America Europe The Asia-Pacific Latin America The Middle-East & Africa     

  7. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 FAQs: 1.What is the current size of the globalorganic snack market? Answer: The global organic snack market reached USD 8.75 billionin 2020. 2.What are the major factors driving the growth of the globalorganic snack market? Answer: Rising health consciousness, desire for a non-synthetic food products, increased consumer spending, change in dietary lifestyle, the choice for environmentally-friendly products, and buying trends of millennials are key drivers of the market. 3.Who are the key players in the globalorganic snack market? Answer: The key players profiled within the global organic snack market are PRANA, Pure Organic, Kadac Pty Ltd, Made in Nature, Hormel Foods, Navitas Naturals, Conagra Brands, Hain Celestial, Woodstock Farms Manufacturing, Simply Naturals LLC, Yummy Earth Inc., Annies Homegrown Inc., General Mills, Frito-Lay Inc., Danone, and other prominent players 4.Which global organic snack market? segment accounted for the largest share in the Answer: The snack bar segment accounted for the largest share in the global organic snack market. 5.Which region is growing at a higher rate in the global organic snack market? Answer: The Asia-Pacific region is growing at a higher rate in the global organic snack market.

  8. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027 About us Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade- off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com

  9. Global organic snack market was worth USD 8.75 billionin 2020, and it is further projected to reach USD 18.3 billionby 2027

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