The global organic snack food market size is expected to grow from $9.02 billion in 2021 to $9.94 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The organic snack food market is expected to grow to $14.64 billion in 2026 at a CAGR of 10.2%.
What is the Global Organic Snack Food Market?
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.
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What drives the Global Organic Snack Food Market?
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. Moreover, the increasing spending capacity of people, especially in developing countries including India and China is contributing to higher demand for organic snack food manufacturing over the forecast period. According to the Trading Economics, consumer spending in India increased to 17962.90 INR Billion in the third quarter of 2020 from 14611.64 INR Billion in the second quarter of 2020. Therefore, increasing consumer spending is predicted to generate higher demand for organic snack food in the coming years.
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Global Organic Snack Food Market Segments
The global organic snack food market is segmented:
By Product Type: Fruit Snacks and Dried Fruit Snacks, Puffs and Chips, Energy Bars, 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 regions covered in the organic snack food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Organic Snack Food Global Market Report 2022provides market size and growth forecasts for the global organic snack food market, global organic snack food market share, organic snack food market segments and geographies, organic snack food market competitive landscape including 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.
Global Organic Snack Food Industry Playersinclude Sprout, My Super Foods, Clif Bar & Company, Annies Homegrown Inc, NurturMe, Navitas Organics, YummyEarth, Inc., Utz Quality Food, LLC, Eat Real, and Creative Snacks Co. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
