Market Summary
Global Organic Savory Snacks Market Overview
Organic Savory Snacks Market is projected to grow at a CAGR of 5.5% during the forecast period 2024-2032. According to MRFR, the value of the Market is predicted to expand up to USD 142.19 Billion by the studied forecast period 2024-2032. The increasing use of healthy and go-to convenience food is creating a strong platform for the savory snacks market.
The organic snacks are prepared from organic raw materials. These raw materials include fruits, vegetables, oil, grains, etc. Also, these snacks are salty and spicy in taste. Furthermore, organically produced savory snacks are enriched with antioxidants and other nutrients. Thus, the market is predicted to have the fastest growth in the upcoming years of the forecast period.
COVID-19 Analysis
The increase of coronavirus disease across several countries caused different markets to collapse. Countries from all parts of the world faced immense financial problems due to the disease. To stop the spread, economies announced lockdowns which put a halt to the manufacturing, supply chain, and other sectors. However, the Organic Savory Snacks Market Growth is predicted to increase with the growing investments and rising awareness for organic food.
Market DynamicsMarket Drivers
The rising demand for ready-to-go items or snacks is one of the major drivers for Organic Savory Snacks Market. Also, the preference for no-chemicals food items and consumption of organic items will further drive the market in the studied forecast period.
Restraints
The high costs required for marketing are speculated to restraint the Market Growth. Also, the poor supply chain for the distribution of snacks is evaluated to slow down the growth of the market.
Opportunities
The rising income of people and expansion of e-commerce will further lead to market growth. Furthermore, the changes in lifestyle and increasing consciousness for health are projected to offer several opportunities in the future.
Challenges
The strict regulations for the production of savory snacks among various countries can be challenging for the market. Also, the irregularity in the supply chain is considered to be a significant challenge to improve the Organic Savory Snacks Market Value.
Cumulative Analysis
The Compound Annual Growth Rate (CAGR) of the Organic Savory Snacks Market is predicted to grow at 5.5%. Therefore, as per the Market Analysis by MRFR, the market value is also estimated to expand up to USD 142.19 Billion by the studied forecast period 2021-2028. Various drivers, investments by market players, etc. will play a significant role in propelling the market growth in the upcoming years.
Value Chain Analysis
With the Organic Savory Snacks Market Trends to eat healthy food, the market will have robust growth. In the upcoming years, the demand for convenience food will further enhance the value chain of the market.
Market Segmentations
The Organic Savory Snacks Market Size is divided into the distribution channel, type, flavor, and category. Based upon the type, the Market is divided into processed snacks, potato chips, nuts, popcorn, and others. It is projected that the potato chips sub-segment will hold the largest share in the market. It is mainly due to high popularity and convenience product.
Based upon the distribution channel, the Market segment is divided into non-store-based and store-based. It is anticipated that the store-based sub-segment will hold the largest share in the upcoming years.
Based upon flavor, the Market is divided into toasted or roasted, beef, spice, and barbeque.
Based upon category, the Market is divided into fried, baked, and others.
Regional Analysis
Based upon the region, the Organic Savory Snacks Market Size is divided into North America, Asia-Pacific, Europe, and the Rest of the World. According to Market Forecast By MRFR, it is evaluated that North America will hold the largest share. The increasing demand to use natural ingredients and organic product is a significant driver in this region. Furthermore, Europe will also hold the second-largest Market Share in the projected forecast period. In Europe, countries such as the UK, Spain, Germany, Italy, are playing a major role to improve market growth. The presence of key players and rising demand for healthy snacks that are convenient to travel to is one of the major reasons for the market growth.
However, the Asia-Pacific region is predicted to observe the highest growth in the studied forecast period. The increasing demand mainly in Indonesia, India, China, Thailand, and others is fuelling the market growth in the future.
Also, the rest of the world consists of countries from Africa and the Middle East. This region is also anticipated to registers substantial growth. The availability of different flavors and investments by key players are fuelling the Organic Savory Snacks Market Growth in this region.
Competitive LandscapeThe Organic Savory Snacks Market has the immense presence of various market players. These key players introduce new strategies such as the new launch of products, acquisitions, partnerships, mergers, and many more. Some of the key players in the Organic Savory Snacks Market are as follows.
- Peeledsnacks (US)
- Heavenlytasty (UK)
- Made in nature (US)
- Congara Brands Inc. (US)
- Lesserveil (US)
- Beanitos (US)
- Haldiram Foods (India)
- Tyson Foods (US)
- McCain Foods (Canada)
- Kellogg (US)
- Hormel Foods (US)
- Kraft Heinz (US)
- Intersnack Group (Germany)
- Aviko (Netherlands)
- ITC (India)
- PepsiCo (US)
- Calbee Inc. (US)
- Arca Continental SAB de CV (Mexico)
- General Mills Inc. (US)
- Hain Celestial (US)
General Trends
Innovation in Ingredients and Flavors: Companies are constantly developing new and exciting organic snack options to cater to evolving consumer preferences. This includes:
- High Protein and Fiber
- Unique Flavor Profiles
- Functional Ingredients
Expansion Beyond Traditional Formats: The organic savory snack market is diversifying beyond the usual chips and pretzels. We're seeing a rise in innovative options like:
- Veggie Straws
- Grain-Based Puffs
- Baked Snack Bars
Recent Developments
- General Mills in 2017 announced the acquisition of EPIC Production. This acquisition was made to expand the meat snacks production.
- Conagra in 2020 announced the launch of its new product in the market called “Birds Eye Meatless Lasagna.
Report Outlook
The overview of Market Analysis is as follows.
- Market Overview
- COVID-19 Analysis
- Dynamics of the Market
- Value Chain Analysis
- Market Segmentation
- Regional Analysis
- Competitive Analysis
- Recent Development
Report Scope
The report score is to provide valuable information about the Market. It gives information such as market value, opportunities, drivers, challenges, etc. The information provided in this report is collected from secondary and primary sources.
- Study Period- 2021-2028
- Base Year-2021
- Forecast Period- 2021-2028
- Historical Period-2017-2020
Segmentation
By Channel
- Non-store based
- Store-based
By Type
- Processed Snacks
- Potato Chips
- Nuts
- Popcorn
- Others
By Flavour
- Toasted or Roasted
- Beef
- Spice
- Barbeque
By Category
- Fried
- Baked
- Others
By Region
- North America
- Europe
- Rest of the World
- Asia-Pacific
Market Size & Forecast
|
Attribute/Metric |
Details |
|
Market Size |
USD 142.19 Billion |
|
Compound Annual Growth Rate (CAGR) |
5.5% (2024-2032) |
|
Base Year |
2023 |
|
Market Forecast Period |
2024-2032 |
|
Historical Data |
2020- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Type, Distribution Channel, and Region |
|
Geographies Covered |
North America, Europe, Asia-Pacific, and the Rest of the World (RoW) |
|
Countries Covered |
The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea |
|
Key Companies Profiled |
Peeledsnacks (US), Heavenlytasty (UK), Made in nature (US), Congara Brands Inc. (US), Lesserveil (US), Beanitos (US), Haldiram Foods (India), Tyson Foods (US), McCain Foods (Canada), Kellogg (US), Hormel Foods (US), Kraft Heinz (US), Intersnack Group (Germany), Aviko (Netherlands), ITC (India), PepsiCo (US), Calbee Inc. (US), Arca Continental SAB de CV (Mexico), General Mills Inc. (US), Hain Celestial (US) |
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