Organic Savory Market Outlook
Organically produced raw materials are used for manufacturing organic savory snacks. Such materials include fruits, grains, vegetables, vegetable oil, and others. A new report on the global organic savory snacks market, published by Market Research Future (MRFR), Organic Savory Snacks Market.
The overview of the Organic Savory Snacks Market Insights is projected to grow at a CAGR of 5.5% during the forecast period 2021-2028. According to MRFR, the value of the Market is predicted to expand up to USD 142.19 Billion by the studied forecast period 2021-2028. The increasing use of healthy and go-to convenience food is creating a strong platform for the savory snacks market.
The necessary market driving factor for the global organic savory snacks market research growth is increasing awareness among consumers regarding the harmful impact of chemical fertilizers and pesticides. During the forecast period, the demand for organically produced products, including organic savory snacks is also expected to boost market growth. Organic savory snacks are rich in antioxidants as well as preserved nutrients. Hence, health-conscious consumers are interested in eating them. Due to the technological advancement in the food processing sector, key manufacturers of organic savory snacks are investing more in research & development (R&D) activities to launch novel products to attract consumers and increase sales. Other global organic savory snacks market driving factors that can progress the market growth include the adoption of a healthy lifestyle, increasing demand for on-the-go snacks, preference for chemical-free savory snacks, and growing demand for long shelf-life food products.
The global organic savory snacks market segmentation encompasses distribution channel and type. MRFR’s research on the market highlights many facets of the market in-depth.
Regarding the distribution channel, this market has been segmented into store-based distribution channel and non-store-based distribution channel. The store-based distribution channel segment holds a larger market share due to the one-stop shopping experience.
By type, the market has been segmented into nuts, popcorn, potato chips, processed snacks, and others. The potato chips segment holds the major market share due to its high popularity based on it being a convenience food product.
A geographical outlining of the global Organic Savory Snacks Market Report covers North America, Europe, Asia Pacific, and Rest of the World (RoW).
Due to the increasing demand for healthy snacks, the import, as well as export of organic savory snacks in the developed countries of North America and Europe, are increasing steadily.
North America controls the largest market share in the global market, followed by Europe. In North America, many key market players are based in the USA. Canada and Mexico are two other countries in this region that generate maximum revenue after the USA. Canada is a major importer of organic savory snacks. The USA is a major producer as well as importer.
In Europe, the market is active due to the changing consumer preferences that are leading to the adoption of natural ingredients-based products. The adoption of natural products is leading to higher sales revenue. France, Germany, and the UK are the major importers of organic savory snacks. Other countries that can generate significant market revenue are Italy and Spain. Research on the remaining countries in Europe featured in this report estimate the healthy addition to market revenue from various other countries in this region.
In the Asia Pacific region, the market is strong due to the high density of population, awareness about the benefits of organic food items, rising disposable income of consumers, and increasing food production. The countries that can be crucial markets in this region are Australia, China, India, Japan, and South Korea.
Big players in the global organic savory snacks market outlook are Beanitos Inc (USA), Conagra Brands Inc. (USA), Heavenlytasty (UK), Latejuly Snacks (USA), Lesserevil (USA), Madeinnature (USA), and Peeledsnacks (USA).
Latest Industry News
Private equity firm Advent International is set to buy Indian snacks maker DFM Foods Ltd (manufacturer of Crax branded snacks). According to the terms of the deal, WestBridge Capital will exit the company. DFM Foods has plans to manufacture many organic snacks. 9 SEP 2019
Macro Snacks’ new product line of crisps is organic. It is flavorful gluten-free, non-GMO, and balanced with vegan macronutrient. The new snacks have been curated for inclusion in SnackNation’s August subscription boxes. 23 JUL 2019
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