Global Organic Snack Food Market Comprehensive Study: Forecasted Market Size And Growth Rate | Hormel Foods Corporation, General Mills Inc., SunOpta Inc., Dean Foods Co

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Organic Snack Food Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The organic snack food market size has grown strongly in recent years. It will grow from $10.68 billion in 2023 to $11.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing health consciousness, preference for organic products, retail expansion, dietary trends.

The organic snack food market size is expected to see strong growth in the next few years. It will grow to $14.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to sustainability concerns, e-commerce growth, regulatory support, expanding distribution channels. Major trends in the forecast period include product innovation, increased investment, clean labeling, plant-based and vegan options, functional ingredients, convenience and on-the-go snacking, innovative packaging.

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Market Segmentation:
The main product types are fruit snacks and dried fruit snacks, puffs & chips, energy bars, meat snacks, and other product types. An energy bar is a bar-shaped food intended to boost physical energy, typically containing a combination of fats, carbohydrates, and proteins and fortified with vitamins and minerals. The various sales channels for organic snack food are hypermarkets and supermarkets, online retailers, food and drink specialty stores, and convenience stores. The various age groups consuming the products are millennials, generation X, and baby boomers.

Major Driver - Surging Spending Capacity Of End Users
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 fewer nutritional benefits, is driving the market. Moreover, the increasing spending capacity of people, especially in developing countries like India and China, is contributing to higher demand for organic snack food manufacturing over the forecast period. For instance, in March 2023, according to China Power, a China-based power related company, China's government budget for 2023 includes a 5.6% increase in expenditure, leaving the country with an official projected deficit of nearly RMB 3.9 trillion ($564.1 billion), up 15.1% from 2022. . Therefore, increasing consumer spending is predicted to generate higher demand for growth of organic snack food market in the forecast period.

Competitive Landscape:
Major companies operating in the organic snack food market include Hormel Foods Corporation, General Mills Inc., SunOpta Inc., Dean Foods Co, Organic Food Bar Inc., Simply Naturals, Braga Organic Farms Inc., Annie's Homegrown, Mary's Gone Crackers Inc., Arrowhead Mills Inc., Peeled Snacks Inc., Made In Nature, Little Duck Organics, Kettle Foods Inc., Rhythm Superfoods LLC, west~bourne, Sun & Swell Inc., Thrive Market, Patagonia Provisions, Nature's Path Foods, KIND LLC, Kalani Organica Coffees & Teas, Kangaroo Brands Inc., Plum Organics, Prime Choice Foods Inc., Primex Farms LLC, Sonora Mills Foods Inc., popchips, Horizon Organic, Natierra

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Top Trend - The Shift To Natural With Food Manufacturers Embrace Healthier Snacking
Many food manufacturers are making new and healthy snack launches by reducing the use of artificial colours 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 other product types, removed the use of artificial colours and flavors. Moreover, government bans on artificial flavours 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 the 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).

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Organic Snack Food Market Characteristics
3. Organic Snack Food Market Trends And Strategies
4. Organic Snack Food Market - Macro Economic Scenario
5. Organic Snack Food Market Size And Growth
…..
27. Organic Snack Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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