Plant-based Snacks Market is Expected to Reach US$ 73,610.2 Million and Witness the Highest CAGR of 8.7% During 2018-2028 - Seite 2

The plant-based snacks market is further categorized on the basis of nature, into conventional plant-based snacks and organic plant-based snacks. The organic plant-based snacks segment is anticipated to overtake the conventional plant-based snacks segment, with an expected CAGR of 9.5% by 2028, owing to the increasing popularity and demand for healthier organic products, along with the increasing per capita disposable incomes of consumers.

Plant-based Snacks Market Segmentation Product - meat alternative snacks, cereal-/grain-based snacks, plant-based salted snacks, plant-based snack bars, fruit and nut snacks ;Nature -organic,conventional snacks ; Flavour - savoury flavours: vegetable, herb & spice , chilly/pepper , seafood/meat , cheese , and blended : sweet flavours -citrus, tropical, berry , chocolate: Packaging-pouches, tins, wrappers, and bags ;Sales channel- food service providers, hypermarkets/supermarkets, convenience stores, specialty stores, small groceries, and online retail : https://www.futuremarketinsights.com/reports/plant-based-snacks-market

Target Geographies for Plant-based Snacks 

The report for plant-based snacks has been segmented into seven regions, namely, North America, APEJ (Asia Pacific excluding Japan), Western Europe, MEA (Middle East & Africa), Japan, Latin America, and Eastern Europe.

APEJ, Western Europe, and North America, together, constitute more than 92.9% of the market share for plant-based snacks. Currently, North America, followed by APEJ and Western Europe, is the largest market in terms of size, and is expected to dominate through the forecast period. However, APEJ would emerge as the most pulsating market in terms of CAGR, which is anticipated to reach 9.7% over the forecast year.

Trends for Plant-based Snacks 

Plant-based snacks are expected to witness lucrative growth over the forecast years, owing to the ever-changing eating habits of consumers. Consumers are becoming readily conscious and aware about whatever they consume, and their effects on health and wellness. Thus, they are picking natural and plant-based healthier products that satisfy their demand for nutrition, taste, and flavor. This is the primary driver for the fast growth of the plant-based snacks market. The need for plant-based snacks is increasing, as other snack products having high oil, sugar, and fat content are associated with a number of problems, such as obesity, diabetes, and high blood pressure, due to higher sugar content and presence of artificial flavors and additives. Plant-based snacks are a natural and healthier alternative to their animal-based counterparts, and thus, appeal to a large consumer base. Manufacturers of plant-based snacks are offering new and pioneering ingredients and flavors to attract consumers. Besides, they are seeing profit-making prospects in the plant-based snacks market, and thus, are expanding and acquiring small plant-based snack companies and brands, and are updating their inventories with more plant-based snacks in the ever-growing market.