Market Research Report
Organic Snack Food Global Market Report 2022
|Organic Snack Food Global Market Report 2022|
The Business Research Company
Content info: 200 Pages
Delivery time: 2-10 business days
Organic Snack Food Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global organic snack food manufacturing Market.
This report focuses on organic snack food manufacturing Market which is experiencing strong growth. The report gives a guide to the organic snack food manufacturing Market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the organic snack food manufacturing market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Organic Snack Food Manufacturing Market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider organic snack food manufacturing Market, and compares it with other markets.
Markets Covered: 1) By Product Type: Fruit Snacks & Dried Fruit Snacks; Puffs & Chips; Energy Bar; Meat Snacks; Other Product Types
2) By Sales Channel: Hypermarkets and Supermarkets; Online Retailers; Food and Drink Specialists Stores; Convenience Stores
3) By Age Group: Millennial; Generation X; Baby Boomers
Companies Mentioned: Hormel Foods; General Mills; SunOpta; Dean Foods; Organic Food Bar
Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the 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 global organic snack food market is expected to grow from $9.02 billion in 2021 to $9.94 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The market is expected to grow to $14.64 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%.
The organic snack food manufacturing market consists of sales of non-GMO nutritional food items and related services. Organic snack foods are manufactured using organically certified ingredients that do not contain genetically modified organisms (GMOs) and artificial additives. Organic snack food contains healthy nutrients and ingredients such as minerals, proteins, and vitamins. For example, nutritious and gluten-free items which include tortilla chips, corn chips, potato chips, chocolates, raisins, bagel, pretzels, cookies, and pancakes, made from organic ingredients are termed as organic snack food.
The main product types are fruit snacks & dried fruit snacks, puffs & chips, energy bar, meat snacks, and Other Product Types. An energy bar is a supplementary bar-shaped food intended to boost physical energy, typically containing a combination of fats, carbohydrates, and proteins and fortified with vitamins and minerals. The Various sales channel for organic snack food are hypermarkets and supermarkets, online retailers, food and drink specialists stores, and convenience stores. The various age groups consuming the products are millennial, generation X, and baby boomers.
Asia Pacific was the largest region in the organic snack food market in 2021. North America was the second-largest region in the organic snack food market. The regions covered in the organic snack food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growth in spending capacity of the end users coupled with the growing health consciousness and rising consumption of organic foods by the populace owing to harmful side effects of conventional snacks including increasing calorie content, increasing obesity, and less nutritional benefits is driving the market. Moreover, the increasing spending capacity of people, especially in developing countries including India and China is contributing to higher demand for organic snack food manufacturing over the forecast period. According to the Trading Economics, consumer spending in India increased to 17962.90 INR Billion in the third quarter of 2020 from 14611.64 INR Billion in the second quarter of 2020. Therefore, increasing consumer spending is predicted to generate higher demand for organic snack food in the coming years.
The high cost of production is anticipated to hinder the growth of the organic snack food manufacturing market. The organic certification, cost of fertilizer for organic crops, and post-harvest handling costs are comparatively higher than that of conventional snack items, which in turn increases the price of organic snack food. This scenario is likely to hinder the demand for organic snack food in the forthcoming years.
Many food manufacturers are making new and healthy snack launches by reducing the use of artificial colors and increasingly using natural ingredients in order to meet the consumer requirements for healthier and natural ingredients. For instance, more than 11 food companies including Chipotle, Kraft, Taco Bell, Pizza Hut, Subway, and Other Product Types removed the usage of artificial colors and flavors. Moreover, government bans on artificial flavors are a major opportunity for organic snack food manufacturers for future expansion. According to the U.S. Food & Drug Administration, the FDA removed six of the ingredients from FDA's approved list, which included ethyl acrylate, benzophenone, myrcene, pulegone, eugenyl methyl ether, and pyridine. This scenario is predicted to boost the demand for the organic snack food market during the forecast period (2019 to 2023).
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.