Dublin, Dec 7, 2021 (GLOBE NEWSWIRE) – Added report “Global Organic Snacks Market Report 2021: COVID-19 Growth and Change to 2030” ResearchAndMarkets.com’s offering.
This report provides strategists, marketers, and top management with the critical information they need to assess the global organic snack food market.
This report focuses on the organic snack manufacturing market, which is experiencing strong growth. The report provides guidance to the organic snack food market that will shape and change our lives for the next ten years and beyond, including the market’s response to the challenge of the global pandemic.
The global organic snacks market is expected to grow from $ 10.81 billion in 2020 to $ 12.41 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%. The growth is mainly due to companies resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which had previously led to restrictive measures to contain social distancing, remote work and business closures. which resulted in operational challenges. The market is expected to reach $ 20.53 billion in 2025 at a CAGR of 13%.
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Where is the largest and fastest growing market for the organic snack food market? How does the market relate to the broader economy, demographics, and other similar markets? What forces will shape the market in the future? The Global Organic Snack Making Market Report answers all these questions and many more.
The report covers the market characteristics, size and growth, segmentation, regional and national breakdowns, competitive landscape, market shares, trends, and strategies for this market. Plot the historical and forecast growth of the market by geography. It places the market within the context of the broader organic snack manufacturing market and compares it to other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section provides the market size ($ b) that covers both the historical growth of the market, the influence of the COVID-19 virus and the forecast of its growth.
- Market segmentations divide the market into submarkets.
- The breakdown section by region and country provides an analysis of the market in each geography and the size of the market by geography and compares its historical and forecast growth. Covers the COVID-19 growth trajectory for all regions, key developed countries, and major emerging markets.
- The competitive landscape provides a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial arrangements are identified that have shaped the market in recent years.
- The trends and strategies section looks at the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The organic snack manufacturing market section of the report provides context. It compares the organic snack making market to other segments of the organic snack making market by size and growth, history and forecast. Analyze the proportion of GDP, per capita spending, comparing organic snack manufacturing market indicators.
The major players in the organic snack market are Sprout, My Super Foods, Clif Bar & Company, Annies Homegrown Inc, NurturMe, Navitas Organics, YummyEarth, Inc., Utz Quality Food, LLC, Eat Real, and Creative Snacks Co.
The organic snack food market consists of the sale of non-GMO nutritional foods and related services. Organic snacks are made with certified organic ingredients that do not contain genetically modified organisms (GMOs) or artificial additives. Organic snacks contain nutrients and healthy ingredients like minerals, protein, and vitamins. For example, nutritious and gluten-free items that include tortilla chips, corn chips, potato chips, chocolates, raisins, bagels, pretzels, cookies, and pancakes, made with organic ingredients, are called organic snacks.
The growth in the spending capacity of end users, coupled with the growing health awareness and increased consumption of organic food by the population due to the harmful side effects of conventional snacks, including the increased content of Calories, increased obesity, and fewer nutritional benefits are driving the market. Furthermore, the increasing spending capacity of people, especially in developing countries including India and China, is contributing to a higher demand for organic snack manufacturing during the forecast period. According to Trading Economics, consumer spending in India increased to INR 17 962.90 Billion in the third quarter of 2020 from INR 14 611.64 Billion in the second quarter of 2020. Therefore, increased consumer spending is forecast to generate an increased demand for organic snacks in the coming years. years.
The high cost of production is anticipated to hamper the growth of the organic snack food market. Organic certification, fertilizer cost for organic crops, and post-harvest handling costs are comparatively higher than for conventional snacks, which in turn increases the price of organic snacks. This scenario is likely to hamper the demand for organic snacks in the coming years.
The organic snack food market covered in this report is segmented by product type into fruit snacks and dried fruit snacks; puffs and chips; energy bar; meat sandwiches; others and by sales channel in hypermarkets and supermarkets; online retailers; specialty food and beverage stores; convenience stores.
Many food manufacturers are launching new and healthy snacks by reducing the use of artificial colors and using more and more natural ingredients to meet consumer requirements for healthier and more natural ingredients. For example, more than 11 food companies, including Chipotle, Kraft, Taco Bell, Pizza Hut, Subway, and others, eliminated the use of artificial colors and flavors in 2018. Additionally, government bans on artificial flavors are a great opportunity for consumers. manufacturers of organic snacks. for future expansions. According to the US Food and Drug Administration, the FDA removed six of the ingredients from the FDA-approved list, which included ethyl acrylate, benzophenone, myrcene, pulegone, eugenyl methyl ether, and pyridine. This scenario is expected to drive market demand for organic snacks during the forecast period (2019-2023).
Key Topics Covered:
1. Executive Summary
2. Characteristics of the organic snack manufacturing market
3. Trends and strategies of the organic snack manufacturing market
4. Impact of COVID-19 on the manufacture of organic snacks
5. Size and growth of the organic snack food market
5.1. World Historic Organic Snack Manufacturing Market, 2015-2020, Billion Dollars
5.1.1. Market drivers
5.1.2. Market restrictions
5.2. Global Organic Snack Manufacturing Forecast Market, 2020-2025F, 2030F, Billion Dollar
5.2.1. Market drivers
5.2.2. Market restrictions
6. Segmentation of the organic snack manufacturing market
6.1. Global Organic Snack Manufacturing Market, Segmentation by Product Type, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion USD
- Fruit Snacks and Nut Snacks
- Puffs and chips
- Energy bar
- Meat sandwiches
- Others
6.2. Global Organic Snack Manufacturing Market, Sales Channel Segmentation, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion USD
- Hypermarkets and Supermarkets
- Online retailers
- Stores specialized in food and beverages
- Convenience stores
6.3. Global Organic Snack Manufacturing Market, Age Group Segmentation, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Billion USD
- Millennial
- Generation X
- Baby boomers
7. Regional and national analysis of the organic snack manufacturing market
7.1. Global Organic Snack Manufacturing Market Divided By Region, Historical & Forecast, 2015-2020, 2020-2025F, 2030F, Billion Dollar
7.2. Global Organic Snack Manufacturing Market, Split By Country, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion Dollar
For more information on this report, visit https://www.researchandmarkets.com/r/3uafvo
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