Global Organic Snack Food Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

27 Sep, 2021

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.

Global Organic Snack Food Market Size And Drivers:

The global organic snack food market is expected grow from $10.81 billion in 2020 to $12.41 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $20.53 billion in 2025 at a CAGR of 13%. 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.

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Trends In The Global Organic Snack Food Market

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 others removed the usage of artificial colors and flavors in 2018. 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, eugenol 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).

Global Organic Snack Food Market Segments:
The global organic snack food market is further segmented –
By Product Type: Fruit Snacks & Dried Fruit Snacks, Puffs & Chips, Energy Bar, Meat Snacks, Others
By Sales Channel: Hypermarkets And Supermarkets, Online Retailers, Food And Drink Specialists Stores, Convenience Stores
By Age Group: Millennial, Generation X, Baby Boomers
By Geography: The global organic snack food market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Organic Snack Food Market At:

https://www.thebusinessresearchcompany.com/report/organic-snack-food-manufacturing-market-global-report-2020-30-covid-19-growth-and-change

Organic Snack Food Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides organic snack food market overviews, analyzes and forecasts market size and growth for the global organic snack food market, organic snack food market share, organic snack food market players, organic snack food market segments and geographies, organic snack food market’s leading competitors’ revenues, profiles and market shares. The organic snack food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.