A recent report published by Infinium Global Research on organic snacks market provides an in-depth analysis of segments and sub-segments in the global as well as regional organic snacks market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional organic snacks market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global organic snacks market. According to the report, the global organic snacks market is projected to grow at a CAGR of 13.81% over the forecast period of 2019-2025.
The snacks industry is rapidly changing as the demand for new and innovative products is growing. Leading players in the market are offering products to fulfill the changing demands of the consumers. The organic snacks market is a niche market with limited consumers. Nonetheless, as the health consciousness among consumers increases, the organic snacks market is expected to shit to a mainstream market. Organic snacks are made out of USDA-certified organic and non-GMO ingredients, which are gluten-free and are healthy.
The increase in the health consciousness among the population is majorly driving the organic snacks market. The young population specifically is more concerned regarding their health and fitness, which augment the demand for healthier food items. Moreover, changing consumer behavior is expanding the demand for organic snacks. Nowadays people prefer snacks for breakfast rather than meals. A large part of the population is consuming snacks on a daily basis. Furthermore, the increase in the adoption of organic farming methods is supporting the growth of the organic snacks market. Growing awareness among farmers regarding organic farming and its benefits is encouraging them to implement organic farming practices. However, the high cost associated with the harvesting and production of organic products is the major restraining factor for the growth of the organic snacks market. Nevertheless, the increasing demand from millennials is expected to offer lucrative opportunities for the key players in the organic snacks market.
Based on the region, North America generated the highest revenue from organic snacks, dominating the global market. The largest market share of the North American region attributed to the increase in demand for on-the-go snacking, changing dietary habits and a rise in the awareness regarding organic food in the region. Moreover, the presence of the leading players in the region is expected to boost the growth of the organic snacks market in North America. While the Asia Pacific is expected to register the highest growth rate for the organic snacks market owing to expanding the retail industry and increasing demand for snacks in the region.
The report on global organic snacks market covers segments such as product, and distribution channel. On the basis of product, the sub-markets include salty snacks, bakery products, confectionery, and other products. On the basis of distribution channel, the sub-markets include retail stores, supermarket/hypermarket, convenience stores, and e-commerce.
The report provides profiles of the companies in the market such as Kashi Company, Prana, Kadac Pty Ltd, Hormel Foods Corporation, Navitas LLC, Hain Celestial Group, Conagra Brands, Inc, SunOpta, Inc., Simple Squares, Woodstock Farms Manufacturing, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of organic snacks market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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