Organic Snacks Market Worth $19.29 Billion By 2027 | CAGR: 13.1%: Grand View Research, Inc.

August 31 07:35 2020
Organic Snacks Market Worth $19.29 Billion By 2027 | CAGR: 13.1%: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
The global organic snacks market size was valued at USD 7.21 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 13.1% from 2020 to 2027.

The global organic snacks market size is expected to reach USD 19.29 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.1% from 2020 to 2027. With the growing number of health-conscious consumers, the consumption of organic foods has been rising over the world. These products do not use harmful synthetic fertilizers, which are used for conventional food production. Consumers across the world have been opting for foods, which are manufactured with natural and healthy ingredients free from genetically modified organisms (GMOs).

Snack bars held the largest share of more than 15.0% in 2019. Increasing demand for go-to healthy small serving food has boosted sales of these products. These have become a convenient source of nutrition and sometimes replacement of heavy meal for the millennial and young population owing to their busy schedule.

U.S. organic snacks market size, by distribution channel, 2016 - 2027 (USD Billion)

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In terms of distribution channels, supermarkets and hypermarkets are expected to dominate the industry throughout the forecast period. Availability of a wide range of products and shopping experience of these retail stores have been attracting consumers over the world. Walmart, Kroger, and Whole Foods are some of the prominent supermarkets operating across the globe.

The industry is characterized by high competition due to the presence of a large number of leading and medium-sized firms across the globe. Companies have been expanding their product portfolio in order to increase their consumer base. For instance, in February 2019, Kashi Company, a U.S.-based organic food company, added chocolate and mixed berry superfood bites to its Kashi by Kids product line. These products are available at nationwide retailers and grocers, including Walmart, Amazon, Whole Foods, and Kroger.

Key suggestions from the report:

  • By distribution channel, online retailers are expected to witness the fastest growth during forecast years with a CAGR of 14.9% from 2020 to 2027. The convenience of shopping has been fueling the growth of this distribution channel
  • North America dominated the market by accounting for over 40.0% share of the global revenue in 2019. Strong health awareness among the consumers of the U.S. and Canada has been boosting the product demand in the region
  • Based on the product, snack bars held the largest share of more than 15.0% in 2019. This is attributed to increased consumption of such products as the morning snacking options

Global organic snacks market share, by product, 2019 (%)

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Grand View Research has segmented the global organic snacks market on the basis of product, distribution channel, and region:

Organic Snacks Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Grain Snacks
  • Nut-based Snacks
  • Meat Snacks
  • Snack Bars
  • Frozen Snacks
  • Vegetable & Fruit Snacks
  • Bakery Snacks
  • Others

Organic Snacks Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Specialty Food Stores
  • Online Retailers
  • Others

Organic Snacks Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America
    • The U.S.
  • Europe
    • Germany
    • The U.K.
    • France
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa

List of Key Players of Organic Snacks Market

  • Danone
  • Hain Celestial Group
  • General Mills Inc.
  • Made in Nature
  • Frito-Lay, Inc.
  • Conagra Brands, Inc.
  • Simply Natural LLC
  • NAVITAS ORGANICS
  • Hormel Foods Corporation
  • Kadac Pty Ltd.
  • Woodstock Farms Manufacturing

Find more research reports on Consumer F&B Industry, by Grand View Research:

Organic Packaged Foods Market – The global organic packaged foods market size was valued at USD 30.2 billion in 2018.

Oat-based Snacks Market – The global oat-based snacks market size was valued at USD 17.47 billion in 2018 and is expected to expand at a CAGR of 4.3% during the forecast period.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Website: https://www.grandviewresearch.com/industry-analysis/organic-snacks-market


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