Dublin, Dec. 07, 2021 (GLOBE NEWSWIRE) -- The "Organic Snack Food Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global organic snack food manufacturing Market.
This report focuses on the organic snack food manufacturing Market which is experiencing strong growth. The report gives a guide to the organic snack food manufacturing Market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
The global organic snack food market is expected to 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 $20.53 billion in 2025 at a CAGR of 13%.
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Where is the largest and fastest growing market for the organic snack food manufacturing market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Organic Snack Food Manufacturing Market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider organic snack food manufacturing Market, and compares it with other markets.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
The organic snack food manufacturing Market section of the report gives context. It compares the organic snack food manufacturing Market with other segments of the organic snack food manufacturing Market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, organic snack food manufacturing market indicators comparison.
Major players in the organic snack food market are 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.
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.
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.
The high cost of production is anticipated to hinder the growth of the organic snack food manufacturing market. The organic certification, cost of fertilizer for organic crops, and post-harvest handling costs are comparatively higher than that of conventional snack items, which in turn increases the price of organic snack food. This scenario is likely to hinder the demand for organic snack food in the forthcoming years.
The organic snack food manufacturing market covered in this report is segmented by product type into fruit snacks & dried fruit snacks; puffs & chips; energy bar; meat snacks; others and by sales channel into hypermarkets and supermarkets; online retailers; food and drink specialists stores; convenience stores.
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, eugenyl 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).
Key Topics Covered:
1. Executive Summary
2. Organic Snack Food Manufacturing Market Characteristics
3. Organic Snack Food Manufacturing Market Trends and Strategies
4. Impact of COVID-19 on Organic Snack Food Manufacturing
5. Organic Snack Food Manufacturing Market Size and Growth
5.1. Global Organic Snack Food Manufacturing Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Organic Snack Food Manufacturing Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Organic Snack Food Manufacturing Market Segmentation
6.1. Global Organic Snack Food Manufacturing Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Fruit Snacks & Dried Fruit Snacks
Puffs & Chips
6.2. Global Organic Snack Food Manufacturing Market, Segmentation By Sales Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Hypermarkets and Supermarkets
Food and Drink Specialists Stores
6.3. Global Organic Snack Food Manufacturing Market, Segmentation By Age Group, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Organic Snack Food Manufacturing Market Regional and Country Analysis
7.1. Global Organic Snack Food Manufacturing Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Organic Snack Food Manufacturing Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
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