The global market for organic snacks is expected to reach $24,035.2 million by 2025, growing at a CAGR of 13.6% from 2018 to 2025, according to a new report by Allied Market Research. The report analyzes the market by product type, distribution channel, generation, and region.
What are organic snacks and why are they popular?
Organic snacks are food products that are made from ingredients that comply with the standards of organic farming. Organic farming is a method of agriculture that avoids the use of synthetic pesticides, fertilizers, genetically modified organisms (GMOs), antibiotics, and hormones. Organic snacks are considered to be healthier, safer, and more environmentally friendly than conventional snacks.
Organic snacks are gaining popularity among consumers who are looking for convenient, ready-to-eat, and nutritious food options. Organic snacks offer various benefits such as:
- They are rich in proteins, vitamins, minerals, antioxidants, and fiber, which can boost the immune system, improve digestion, and prevent chronic diseases.
- They are free of artificial additives, preservatives, colors, and flavors, which can cause allergies, headaches, and other health problems.
- They are GMO-free, which means they do not contain any genetic material that has been altered in a laboratory. GMOs are controversial and have been linked to environmental and health risks.
- They are eco-friendly, as organic farming reduces soil erosion, water pollution, greenhouse gas emissions, and biodiversity loss.
What are the types of organic snacks and where can you find them?
The report segments the organic snacks market by product type into nutrition bars, candy bars, salty snacks, nuts, and others. Nutrition bars are the most popular segment, accounting for more than one-third of the market share in 2017. Nutrition bars are convenient, portable, and provide balanced nutrition. They are ideal for busy consumers who need a quick energy boost or a meal replacement.
Candy bars are the second most popular segment, followed by salty snacks, nuts, and others. Candy bars are sweet treats that can satisfy the cravings of consumers who have a sweet tooth. Salty snacks are savory snacks that can be enjoyed as a snack or a side dish. Nuts are crunchy snacks that are high in protein, healthy fats, and antioxidants. Other types of organic snacks include bakery products, confectionery, dried fruits, and granola.
The report also segments the organic snacks market by distribution channel into retail stores, supermarket/hypermarket, convenience stores, and e-commerce. Retail stores are the largest segment, as they offer a wide variety of organic snacks from different brands and categories. Supermarket/hypermarket are the second largest segment, followed by convenience stores and e-commerce. Convenience stores are convenient for consumers who need a quick snack on the go. E-commerce is the fastest growing segment, as it offers convenience, variety, and competitive prices.
Who are the consumers of organic snacks and what are the regional trends?
The report also segments the organic snacks market by generation into millennial (18-34), generation X (34-50), and baby boomers (51-69). Millennial are the largest segment, as they are the most health-conscious, adventurous, and influential consumers. They are willing to pay a premium for organic snacks that offer quality, taste, and convenience. Generation X are the second largest segment, followed by baby boomers. Generation X are the consumers who are in their prime earning and spending years. They are looking for organic snacks that can help them maintain their health and wellness. Baby boomers are the consumers who are nearing or in their retirement age. They are looking for organic snacks that can help them prevent or manage age-related diseases.
The report also analyzes the organic snacks market by region into North America, Europe, Asia-Pacific, and LAMEA. North America is the dominant region, accounting for more than half of the market share in 2017. North America has a high demand for organic snacks, as consumers are aware of the benefits of organic food and have a high disposable income. Europe is the second largest region, followed by Asia-Pacific and LAMEA. Asia-Pacific is the fastest growing region, as consumers are becoming more health-conscious, urbanized, and affluent. LAMEA is the least developed region, but has a potential for growth, as consumers are becoming more exposed to organic food and culture.
What are the challenges and opportunities for the organic snacks market?
The organic snacks market faces some challenges, such as the high cost of production, the lack of uniform standards and regulations, and the limited availability and shelf life of organic ingredients. These factors can hamper the growth and profitability of the market. However, the organic snacks market also has some opportunities, such as the increasing consumer awareness and preference for organic food, the expansion of the retail and e-commerce network, and the innovation and diversification of organic snacks products. These factors can create new avenues and segments for the market.
The report provides a comprehensive analysis of the organic snacks market, including the market size, share, trends, drivers, restraints, opportunities, and competitive landscape. The report also provides profiles of the key players in the market, such as Pure Organic, PRANA, Made in Nature, Kadac Pty Ltd, Navitas Naturals, General Mills, Woodstock Farms Manufacturing, SunOpta, Simple Squares, and Organic Food Bar.
