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