Organic Snacks Market REPORT OVERVIEW
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global organic snacks market size was USD 8199.1 million in 2021 and market is projected to touch USD 24610.68 million by 2031 at CAGR 11.3% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with organic snacks experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Organic snacks are food products made from organically grown ingredients, free from synthetic fertilizers, pesticides, and GMOs. They cater to health-conscious consumers seeking healthier and environmentally friendly options. Common types of organic snacks include fruit snacks, nut and seed snacks, granola bars, veggie chips, popcorn, cheese and crackers, chocolate and candy, rice cakes, yogurt, smoothies, and trail mix.
The use of organic ingredients makes these snacks a potentially healthier choice compared to conventional snacks with fewer additives and artificial chemicals. However, it's essential to look for reputable certifications to ensure their organic status. In summary, organic snacks offer health-conscious consumers a range of delicious options made from organic, chemical-free ingredients. From dried fruits and nuts to granola bars and veggie chips, these snacks provide a potentially healthier alternative to conventional options.
COVID-19 IMPACT: Health-conscious Demand to Boost Demand Significantly
COVID-19 had a life changing impact globally. The organic snacks market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for organic snacks technology experienced an increased demand.
Many physical retail outlets, including specialty health food stores, faced temporary closures or reduced foot traffic due to lockdowns and social distancing measures. This impacted the sales of organic snacks in traditional brick-and-mortar locations. The pandemic led to disruptions in agricultural supply chains, affecting the production and distribution of organic ingredients for snacks. This could have resulted in temporary shortages or increased prices for organic snacks.
During the pandemic, there was a growing emphasis on health and wellness, leading many consumers to seek healthier food choices, including organic snacks. The perceived health benefits and cleaner sourcing of organic snacks attracted more customers looking to boost their immune systems and overall well-being. The market is anticipated to boost the organic snacks market share following the pandemic.
LATEST TRENDS
"Innovative Product Offerings to Broaden Market Growth"
Companies in the organic snacks sector are continually exploring new flavors, ingredients, and packaging formats to attract consumers. They might have introduced novel combinations of organic ingredients, expanded their product lines to cater to specific dietary preferences or incorporated unique superfoods to enhance nutritional profiles. As consumer awareness of environmental concerns grows, organic snack companies might have intensified their efforts to improve sustainability practices. This could include sourcing organic ingredients from local and eco-friendly suppliers, implementing eco-friendly packaging, or becoming carbon-neutral in their operations.
With an increasing focus on children's nutrition, there might be more organic snacks tailored specifically for kids. These snacks could be designed to be both healthy and appealing to younger palates while adhering to organic and natural ingredient standards. Organic snack brands may have expanded their distribution beyond traditional retail stores. They could be exploring direct-to-consumer models, subscription services, or partnerships with online platforms to reach a broader customer base. These latest developments are anticipated to boost the organic snacks market share.
Organic Snacks Market SEGMENTATION
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- By Type
Based on type, the market is divided into Organic Nuts and Seeds, Organic Potato Chips, Organic Cereal Bars, Organic Chocolates, Organic Fruit Snacks, Organic Meat Snacks, and Other.
Organic Nuts and Seeds holds a major share of the global market.
- By Application
Based on application, the market is bifurcated into Hypermarkets and Supermarkets, Online Retailers, Food and Drink Specialists Stores, and Convenience Stores.
Hypermarkets and Supermarkets as application holds a major share of the global market.
DRIVING FACTORS
"Health and Wellness Consciousness to Boost Market Share"
As consumers become more health-conscious, they seek food options that are perceived as healthier and more nutritious. Organic snacks are often associated with fewer artificial additives, chemicals, and pesticides, which aligns with the growing desire for clean and natural food choices. Consumers increasingly prefer products with simple and transparent ingredient lists. Organic snacks typically feature recognizable and natural ingredients, making them appealing to those looking for clean label options.
"Rise in Organic Food Demand to Boost Market Size"
The overall demand for organic food has been growing steadily. As organic foods gain popularity, the demand for organic snacks also follows suit, with consumers seeking organic alternatives in various food categories. Consumers are increasingly interested in understanding where their food comes from and how it is produced. Organic certifications provide a level of assurance and traceability, giving consumers confidence in the sourcing and production methods of organic snacks. These factors are anticipated to drive the organic snacks market share.
RESTRAINING FACTORS
"Higher Price Point to Hamper Market Share"
Organic snacks generally come with a higher price tag compared to conventional snacks. The higher production costs associated with organic farming practices, certification fees, and limited economies of scale contribute to the premium pricing. This can deter price-sensitive consumers from purchasing organic snacks regularly. Organic farming practices often rely on natural processes and avoid the use of synthetic chemicals. This can lead to seasonal variability in the availability of organic ingredients, affecting the consistent production and availability of certain organic snacks throughout the year. The factors are anticipated to hinder the growth of the organic snacks market share.
Organic Snacks Market REGIONAL INSIGHTS
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"North America Dominates the Organic Snacks Market "
North America is the major shareholder for the organic snacks market share. North American consumers have shown a strong awareness of health and wellness trends, leading to a higher demand for organic and healthier snack options. The region has a large population of health-conscious individuals who prioritize natural and organic products, driving the demand for organic snacks. Europe is the second major shareholder for the organic snacks market share.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Conagra Brands [U.S.]
- General Mills [U.S.]
- Hormel Foods [U.S.]
- Newman's Own [U.S.]
- The WhiteWave Foods Company [U.S.]
- AMCON [Japan]
- Amy's Kitchen [U.S.]
- Clif Bar & Company [U.S.]
- Dean Foods [U.S.]
- Frito-Lay (a division of PepsiCo) [U.S.]
- Hain Celestial Group [U.S.]
- Organic Valley [U.S.]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 8199.1 Million in 2021 |
Market Size Value By |
US$ 24610.68 Million by 2031 |
Growth Rate |
CAGR of 11.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the organic snacks market expected to touch by 2031?
The global organic snacks market is expected to reach USD 24610.68 million by 2031.
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What CAGR is the organic snacks market expected to exhibit by 2031?
The organic snacks market is expected to exhibit a CAGR of 11.3% by 2031.
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Which are the driving factors of the organic snacks market?
Health and Wellness Consciousness and Rise in Organic Food are drivers of this organic snacks market.
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Which are the top companies operating in the organic snacks market?
Conagra Brands, General Mills, Hormel Foods, Newmans Own, The WhiteWave Foods Company, AMCON, Clif Bar & Company, Dean Foods, Frito-Lay (a division of PepsiCo), Hain Celestial Group, and Organic Valley are key companies operating in the organic snacks market.