Organic Snacks Market to Reach $24.03 Bn, Globally, by 2025 at 13.6% CAGR: Allied Market Research

Portland, ore.And January 25 2022 /PRNewswire/ – Allied Market Research has published a report titled “Organic snack market By product type (feeding boards, Pieces of candy, salty snacks, nuts, etc.), distribution channel (retail stores, supermarkets/hypermarkets, convenience stores, e-commerce), Millennials (18-34), Generation X (34-50), Baby boomers (51 – 69)): Global Opportunity Analysis and Industry Forecast, 2018 – 2025″. According to the report, the global organic snack food industry has been established $8.7 billion In 2017, it is expected to breed 24.03 billion dollars By 2025, it will experience a compound annual growth rate of 13.6% from 2018 to 2025.

basic determinants of growth

Increased health awareness, development in retail structure, and increased demand for prepared foods are driving the growth of the global organic snacks market. However, the high cost of production hinders the growth of the market. On the other hand, the increasing desire of consumers to purchase premium and environmentally friendly products provides new opportunities in the coming years.

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Covid-19 scenario

  • The outbreak of the COVID-19 pandemic has had a positive impact on the growth of the global organic snacks market.
  • People are becoming more health conscious, which in turn has increased the demand for organic snacks.

Salty snacks segment leads in revenue through 2025

Among product types, the savory snacks segment was the largest in 2017, capturing nearly two-fifths of the market share and will maintain its dominance until 2025. The savory snacks market is driven by the increasing consumption of convenient nutrients and the ease of availability of these products worldwide. . However, the candy bar segment will grow at the fastest compound annual growth rate of 15.2% from 2018 to 2025. This is because organic candy bars contain no additives and are a healthier alternative to regular candy bars.

The retail store sector will be dominant until 2025

Among the distribution channels, the convenience store segment captured more than a third of the market share in 2017 and will maintain its dominance through 2025. The choice of choice with improved retail infrastructure around the world complements the retail store growth in the organic snack market. However, the e-commerce segment is likely to experience the fastest compound annual growth rate of 15.9% during the forecast period. This is because the online platform offers easy access to its clients.

North America will maintain revenue leadership through 2025

Among the regions, North America market was the largest in 2017, capturing 61.6% of the market share and is likely to dominate the market until 2025. This is due to the increased consumption of prepared foods such as snacks and growing concerns about health and fitness in Region. However, the market in the Asia Pacific region would have the fastest compound annual growth rate of 16.3% during the forecast period. The report also analyzes regions such as Europe and LAMEA.

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Leading market players

  • pure organic
  • prana
  • Made in nature
  • Kadak Pty Ltd.
  • Navitas Naturals
  • Hormel Foods
  • Heavenly Hin
  • Conagra Brands
  • general mills
  • Woodstock Farms Industry

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Allied Market Research (AMR) is a full-service market research and business consultancy of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides global organizations as well as medium and small businesses with unparalleled quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted viewpoint to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their market space.

We are in professional institutional relationships with many companies and this helps us extract market data that helps us in creating accurate research spreadsheets and assures the utmost accuracy in our market forecasts. All data presented in the reports published by us are extracted through preliminary interviews with senior officials of the leading companies in the respective field. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry knowledgeable professionals and analysts.

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