Global Organic Snacks Market by Product (Bars, Frozen, Vegetable & Fruit, Nut-based, Meat, Grain, Bakery) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global organic snacks market was valued at USD 7.21 trillion. It is projected to grow at a compound annual rate (CAGR of 13.1%) between 2020 and 2027. The rise in health consciousness of consumers has boosted organic food consumption around the world. Buyers have started to choose natural foods because they avoid the negative effects of synthetic fertilizers in traditional nutritional products. The importance of snacking has been promoted by millennials and their children over the last few years thanks to the inclusion of healthy and natural ingredients in small-sized foods. The market is being driven by increased spending on organic farming in many developed countries, including the U.S., Canada and Australia. These organic products are made from organic-certified raw material, and are free of genetically modified organisms (GMOs), as well as artificial additives. These foods are rich in vitamins, minerals, proteins, and other healthy ingredients.

The industry's product development will be boosted by the implementation of new regulations on organic certified flavors. The final regulation on certified organic flavors was published by the U.S. National Organic Program (NOP) in 2019. According to the Organic Trade Association, more than 4,500 organic flavors are available in the U.S.

The 2019 Organic Industry Survey from the Organic Trade Association shows that organic food sales have outpaced total U.S. food sales. According to the association, young consumers are more likely to buy organic food for small meals as well as larger portions. The product's growth potential has increased due to the increasing willingness of consumers to purchase premium, eco-friendly products and the increase in disposable income in emerging economies. The high cost of production can hinder the adoption rate and thus limit market growth.

The popularity of small-sized, healthy foods has increased since the January 2020 outbreak of COVID-19. Frito-Lay's January 2020 US Snack Index found that 85% of respondents felt normal, while 48% felt happy after having a flavored snack. In the U.S., 92% of people plan to continue eating their favorite snacks even after the pandemic. Consumers are open to trying new products, particularly Gen Z and millennials. This trend will continue to increase organic snack options even after the pandemic.

Distribution Channel Insights

In 2019, hypermarkets and supermarkets held a greater share than 35.0%. Because they offer a wide variety of household goods, these distribution channels are some of the most popular retailers around the world. This channel has seen an increase in sales due to impulse food purchases at supermarket checkouts.

With a CAGR between 2020 and 2027 of 14.9%, online retailers will experience the fastest growth in forecast years. Online retailers have been growing due to the rising popularity of smartphones around the globe and the availability of low-cost internet access. These online shopping platforms have helped expand their reach to potential customers in Tier II-III cities around the globe. The coronavirus pandemic also changed consumer buying habits, with many people shopping online.

Product Insights

Snack bar accounted for over 15.0% of global revenue in 2019. The demand for healthy, nutritious snacks has increased due to increasing awareness of fitness and health. Due to modern lifestyles and the growing number of nuclear families, these products are replacing heavy meals.

Bars containing nuts, fruits, and cereals have gained popularity over the last few years. The most well-known bars in this industry are muesli or granola bars. The product category has seen significant growth due to the increased penetration of frozen foods. Frozen meatballs and sausages, as well as hot dogs, hot dogs, cheese sticks, French fries, fillets and patties, are gaining popularity in quick-service restaurants (QSR), cafes and fast-food chains.

From 2020 to 2027, the bakery snacks market is expected to experience the fastest CAGR at 13.8%. Due to their increasing availability, cookies are gaining popularity in emerging economies like India and China. Cookies have seen a rise in popularity due to their healthy ingredients like oats, and other digestive ingredients. In addition, the demand for high-energy cookies, which are gluten-free, has increased significantly in the last few years. Over the forecast period, vegetable and fruit snacks will see steady growth. Along with common snacks made from bananas, carrots and apples, berries, papayas and avocados are gaining popularity.

Regional Insights

North America accounted for the largest percentage of more than 40.0% in 2019. The key factors driving the region's growth are a growing health-conscious population, rising middle-class spending, a growing urban population, and an escalating demand for functional foods.

Asia Pacific will see the fastest CAGR at 14.0% between 2020 and 2027. The market's growth has been fueled by rising demand and consumption of organic foods in emerging Asia Pacific countries like China. The region's demand for organic snacks is also boosted by changes in lifestyle, diet, and income. The expansion of large retail chains such as hypermarkets and supermarkets in developing countries of Asia Pacific has boosted product availability and thereby fueled the demand.

Market Share Insights & Key Companies

With both regional and international players, the market is fragmented. Innovative products have been introduced by industry players to expand their business. Horizon Organic, a Danone company, launched a new line in snacks, Horizon Organic Good & Go!, in August 2017. This company also offers convenient peel-open packaging that is great for school lunches. They are available in three flavors: Cheddar & Pretzels; Cheddar, Raisins; Cashews & Sweetened Cranberries; and Colby & Apple Crisps. The following are some of the major players in organic snacks:

• Danone

• Hain Celestial Group

• General Mills Inc.

• Made in Nature

• Frito-Lay, Inc.

• Conagra Brands, Inc.

• Simply Natural LLC

• NAVITAS ORGANICS

• Hormel Foods Corporation

• Kadac Pty Ltd.

• Woodstock Farms Manufacturing

Up Market Research published a new report titled “Organic Snacks Market research report which is segmented by Product (Bars, Frozen, Vegetable & Fruit, Nut-based, Meat, Grain, Bakery), By Players/Companies Conagra Brands Inc, Made in Nature, Hormel Foods Corporation, General Mills Inc, Simply Natural LLC, Hain Celestial Group, NAVITAS ORGANICS, Woodstock Farms Manufacturing, Kadac Pty Ltd, Danone, Frito-Lay Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Organic Snacks Market Report Segments:

The market is segmented by Product (Bars, Frozen, Vegetable & Fruit, Nut-based, Meat, Grain, Bakery).

Organic Snacks Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Organic Snacks Market

Overview of the regional outlook of the Organic Snacks Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Organic Snacks Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Organic Snacks Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Bars

                2. Frozen

                3. Vegetable & Fruit

                4. Nut-based

                5. Meat

                6. Grain

                7. Bakery

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Organic Snacks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Organic Snacks Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.