The global organic snacks market was valued at $8,783.2 million in 2017, and is expected to garner $24,035.2 million by 2025, registering a CAGR of 13.6% from 2018 to 2025. Snacks are small servings of food eaten between main meals. Snacks are found in various forms such as packaged snack foods and other processed foods. Organic snacks are non-GMO and contain organic ingredients in the food products. Organic snacks are made from USDA-certified organic and non-GMO ingredients that are gluten-free and are healthy for snacking. Organic snack foods are products that contain nutritious and healthy ingredients such as proteins, vitamins, and minerals. The organic snack foods such as potato chips, tortilla chips, corn chips; bakery products such as pancakes, bagel, pretzels, cookies; and confectionery such as candies, chocolates, raisins, etc. contain organic ingredients that are nutritious and gluten-free as compared with conventional snacks. The organic snack foods are typically designed to be portable, healthy, nutritious, and satisfying by the taste. The organic snack foods market is witnessing rapid growth due to increase in the health awareness among people in consumption of organic foods that are beneficial for the body.
The global organic snack market is driven by increase in health consciousness and importance of consumption of organic foods by the people due to harmful side effects of conventional snacks such as increase in obesity, rise in calorie content of the body, and less nutritional benefits. In addition, rise in inclination for on-the-go snacking, growth in demand for organic food, and increase in spending capacity of people, especially in emerging economies, fuel the growth of the organic snacks market. Furthermore, increase in adoption of organic farming practices in various developed region is one of the top impacting factors driving the growth of the organic snack food market. Moreover, growth of retail network especially in the emerging economies and increase in consumption of convenient goods drive the global organic snacks market growth. However, high cost of production hampers the widespread adoption and act as the major restraint for the global organic snacks market. On the contrary, rise in disposable income and increase in willingness of people on buying premium and environment-friendly products in the emerging nations are expected to provide opportunities for the market growth in the coming years.
The report segments the global organic snacks market based on product type, distribution channel, generation, and region. Based on type, the market is categorized into nutrition bars, candy bar, salty snacks, nuts, and others. Based on distribution channel, the market is segmented into retail stores, supermarket/hypermarket, convenience stores, and e-commerce. Based on generation, the market has been classified into millennial with age ranging between 18 and 34 years, generation X with age ranging between 34 and 50 years, and baby boomers having ages between 51 and 69 years. By region, the global organic snacks market has been studied and analyzed across four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America dominated the organic snacks market in 2017 and is expected to continue this trend throughout the forecast period. The North America market for organic snacks is driven by increase in consumption of convenience foods such as snacks and rise in concerns about health and fitness.
Players have adopted product innovations as their key strategies to increase their market share and to remain competitive in the market. The leading players in the organic snacks industry focus on providing customized solution to consumers as their key strategies to gain a significant market share globally. The key players profiled in the report include Pure Organic, PRANA, Made in Nature, Kadac Pty Ltd, Navitas Naturals, Hormel Foods, Hain Celestial, Conagra Brands, General Mills, and Woodstock Farms Manufacturing.
The other market players (not profiled in this report) are SunOpta, Simple Squares, YummyEarth, Inc., Utz Quality Food, LLC, Eat Real, Creative Snacks Co., NurturMe, Annie’s Homegrown Inc, Navitas Organics, Clif Bar & Company, My Super Foods, Sprout, Peeled Snacks, Beanitos Inc., Late July Snacks LLC, 8 Rabbits, Cussons Australia Pty Ltd, Kraft Heinz, Kewpie Corporations, Louisville Vegan Jerky Co., and Organic Food Bar.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
o Candy Bars
o Salty Snacks
o Nuts
o Others
o Supermarket/Hypermarket
o Convenience Stores
o E-commerce
o Generation X (34–50)
o Baby Boomers (51–69)
U.S.
Canada
Mexico
o Europe
UK
Germany
France
Italy
Spain
Rest of Europe
o Asia-Pacific
China
India
Australia
South Korea
Indonesia
Thailand
Japan
Rest of Asia-Pacific
o LAMEA
Brazil
Argentina
UAE
Rest of LAMEA
The global organic snack market is driven by increase in health consciousness and importance of consumption of organic foods by the people due to harmful side effects of conventional snacks such as increase in obesity, rise in calorie content of the body, and less nutritional benefits. In addition, rise in inclination for on-the-go snacking, growth in demand for organic food, and increase in spending capacity of people, especially in emerging economies, fuel the growth of the organic snacks market. Furthermore, increase in adoption of organic farming practices in various developed region is one of the top impacting factors driving the growth of the organic snack food market. Moreover, growth of retail network especially in the emerging economies and increase in consumption of convenient goods drive the global organic snacks market growth. However, high cost of production hampers the widespread adoption and act as the major restraint for the global organic snacks market. On the contrary, rise in disposable income and increase in willingness of people on buying premium and environment-friendly products in the emerging nations are expected to provide opportunities for the market growth in the coming years.
The report segments the global organic snacks market based on product type, distribution channel, generation, and region. Based on type, the market is categorized into nutrition bars, candy bar, salty snacks, nuts, and others. Based on distribution channel, the market is segmented into retail stores, supermarket/hypermarket, convenience stores, and e-commerce. Based on generation, the market has been classified into millennial with age ranging between 18 and 34 years, generation X with age ranging between 34 and 50 years, and baby boomers having ages between 51 and 69 years. By region, the global organic snacks market has been studied and analyzed across four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America dominated the organic snacks market in 2017 and is expected to continue this trend throughout the forecast period. The North America market for organic snacks is driven by increase in consumption of convenience foods such as snacks and rise in concerns about health and fitness.
Players have adopted product innovations as their key strategies to increase their market share and to remain competitive in the market. The leading players in the organic snacks industry focus on providing customized solution to consumers as their key strategies to gain a significant market share globally. The key players profiled in the report include Pure Organic, PRANA, Made in Nature, Kadac Pty Ltd, Navitas Naturals, Hormel Foods, Hain Celestial, Conagra Brands, General Mills, and Woodstock Farms Manufacturing.
The other market players (not profiled in this report) are SunOpta, Simple Squares, YummyEarth, Inc., Utz Quality Food, LLC, Eat Real, Creative Snacks Co., NurturMe, Annie’s Homegrown Inc, Navitas Organics, Clif Bar & Company, My Super Foods, Sprout, Peeled Snacks, Beanitos Inc., Late July Snacks LLC, 8 Rabbits, Cussons Australia Pty Ltd, Kraft Heinz, Kewpie Corporations, Louisville Vegan Jerky Co., and Organic Food Bar.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides a quantitative analysis of the current organic snacks market trends, estimations, and dynamics of the market size from 2017 to 2025 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the organic snacks market size and segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global organic snacks industry.
- Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes revenue generated from the sales and organic snacks market forecast across North America, Europe, Asia-Pacific, and LAMEA.
- The organic snacks market report includes the organic snacks market analysis at regional as well as the global level, key players, market segments, application areas, and growth strategies.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing market opportunities.
KEY MARKET SEGMENTS
- Product Type
o Candy Bars
o Salty Snacks
o Nuts
o Others
- Distribution Channel
o Supermarket/Hypermarket
o Convenience Stores
o E-commerce
- Generation
o Generation X (34–50)
o Baby Boomers (51–69)
- By Region
U.S.
Canada
Mexico
o Europe
UK
Germany
France
Italy
Spain
Rest of Europe
o Asia-Pacific
China
India
Australia
South Korea
Indonesia
Thailand
Japan
Rest of Asia-Pacific
o LAMEA
Brazil
Argentina
UAE
Rest of LAMEA
Frequently Asked Questions about the Global Organic Snacks Market
What is the estimated value of the Global Organic Snacks Market?
What is the growth rate of the Global Organic Snacks Market?
What is the forecasted size of the Global Organic Snacks Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | April 2019 |
| Forecast Period | 2017 - 2025 |
| Estimated Market Value ( USD | $ 8783.2 million |
| Forecasted Market Value ( USD | $ 24035.2 million |
| Compound Annual Growth Rate | 13.4% |
| Regions Covered | Global |
Table of Contents
Chapter: 1: INTRODUCTION
Chapter: 2: EXECUTIVE SUMMARY
Chapter: 3: MARKET LANDSCAPE
Chapter: 4: ORGANIC SNACKS MARKET, BY PRODUCT TYPE
Chapter: 5: ORGANIC SNACKS MARKET, BY DISTRIBUTION CHANNEL
Chapter: 6: ORGANIC SNACKS MARKET, BY GENERATION
Chapter: 7: ORGANIC SNACKS, BY REGION
Chapter: 8: COMPANY PROFILES
Executive Summary
According to this report titled 'Organic Snacks Market by Product Type, Distribution Channel, and Generation: Global Opportunity Analysis and Industry Forecast, 2018 - 2025', the global organic snacks market was valued at $8,783.2 million in 2017, and is expected to garner $24,035.2 million by 2025, registering a CAGR of 13.6% from 2018 to 2025. Snacks are small servings of food eaten between main meals. Organic snacks are food prepared using ingredients that comply with the standards of organic farming. Organic food is also Genetically Modified Organism (GMO)-free and are free of artificial additives and can be better digested by the human body. It includes snacks such as potato chips, corn chips, tortilla chips, and bakery products such as bagel, biscuits, doughnuts, cheese snacks, nut bars, pretzels, crackers, pita chips, and confectionery such as chocolates, candies, candy bars, and other snacks. As consumers tastes have expanded in an increasingly globalized world, many consumers are experimenting with organic foods to satiate their desire for unique taste experience and to align with their increased focus on healthy lifestyles. As a result, organic foods have gained a lot of popularity over the last decade as they are considered safe and a rather healthy option by many consumers.The growth of the organic snacks industry is driven by increase in disposable income of people along with rise in the living standards of consumers around the globe. Furthermore, hectic lifestyle and increase in the need for convenience and ready to eat food drive the growth of the market and help increase the organic snacks market size. Furthermore, growth in adoption of organic farming practices in various developed region is one of the top impacting factors driving the growth of the organic snack food market. Growth of the retail network in emerging economies, such as India, China, and Brazil, has led to increased availability of organic snacks, thus supplementing the organic snacks market growth. However, high cost of production hampers the widespread adoption and act as the major restraint for the global market. On the contrary, rise in disposable income and increase in willingness of people for buying premium and environment-friendly products in the emerging nations are expected to provide opportunities for the market growth in the coming years.
Salty snacks segment garnered the highest share in the organic snacks market by product type. The rise in popularity of innovative products with different types of flavor and ingredients attracts consumer toward salty snacks and thus contributing to the market growth. Apart from this, changing lifestyles, food consumption habits, rise in disposable incomes, and increase in food convenience are the major factors impacting the growth of the organic snacks market.
Based on distribution channel, the retail stores segment dominated the organic snacks market in 2017 and is expected to retain its dominance throughout the organic snacks market analysis period due to the fact that these retail stores are located near residential areas and require less efforts purchasing goods. In retail stores, customers can check and compare products before buying and can own them immediately. This ease of purchase adds to the popularity of this segment, thus acting as a key driver of the global organic snacks market.
By generation, the baby boomers generation is expected to experience the fastest CAGR through the organic snacks market forecast period. This high growth is due to increase in knowledge about health and fitness coupled with the improvements in the retail distribution channels that makes acquiring packaged food such as organic snacks easy.
Key Findings of the organic snacks market:
Based on product type, the salty snacks segment was the highest contributor to the organic snacks market and is expected to grow at a CAGR of 11.8% from 2018 to 2025.
Based on distribution channel, the retail stores segment was the highest contributor to the market in terms of value in 2017 and is estimated to grow at a CAGR of 11.7% from 2018 to 2025.
Based on generation, the millennial segment is expected to grow at a steady CAGR of 12.8% from 2018 to 2025.
E-commerce segment accounted for 16% of the total organic snacks market share in 2017 and is estimated to grow at a CAGR of 15.9%.
In terms of value, North America contributed around two-thirds of the global market share in the organic snacks market in 2017. The key players profiled in the report include Pure Organic, PRANA, Made in Nature, Kadac Pty Ltd, Navitas Naturals, Hormel Foods, Hain Celestial, Conagra Brands, General Mills, and Woodstock Farms Manufacturing.
The other market players (not profiled in this report) include SunOpta, Simple Squares, YummyEarth, Inc., Utz Quality Food, LLC, Eat Real, Creative Snacks Co., NurturMe, Annies Homegrown Inc, Navitas Organics, Clif Bar & Company, My Super Foods, Sprout, Peeled Snacks, Beanitos Inc., Late July Snacks LLC, 8 Rabbits, Cussons Australia Pty Ltd, Kraft Heinz, Kewpie Corporations, Louisville Vegan Jerky Co., and Organic Food Bar.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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