Global Plant-based Snacks Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2018–2027

“Global Plant-based Snacks Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global plant-based snacks market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global plant-based snacks market report has been segmented on the basis of product type, nature, flavour, packaging type, distribution channel, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our researchers have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Plant-based snacks are made entirely with the use of plant-based ingredients, and do not contain any animal based contents. Global plant-based snacks market is expected to witness substantial growth, owing to increasing consumption of natural and packaged food.

Market Dynamics:

Global plant-based snacks market is estimated to register significant growth, owing to increasing demand for organic food products. In addition, exponential growth of food and beverages industry and increasing inclination towards healthy lifestyle are expected to create demand for plant-based food products which in turn will boost growth of the target market. Increasing adoption of plant-based food products are influencing food manufacturers to produce variety of food products in terms of taste which will propel growth of the target market. In addition, plant-based snack food comprises of numerous nutrient values, resulting in robust demand for these products. Increasing awareness regarding vegan diet, and increasing vegetarian population are some factors anticipated to generate demand thus supporting growth of the global plant-based snacks market.

However, plant-based snacks do not contain any preservatives which may shorten its shelf life, which is expected to challenge growth of the target market. In addition, high cost of organic food as compared to other variants is anticipated to limit growth of the global plant-based snacks market to a certain extent.

Regional Insights:

Market in Asia Pacific is expected to witness substantial growth, owing to increasing disposable income, and changing preferences of consumers. In addition, increasing consumption of natural food products is expected to create demand for plant-based snacks and estimated to propel growth of the target market in the region. Strong presence of young population in emerging economies such as India and China are expected to generate demand for the target market in the region. Market in North America is estimated to register significant growth, owing to increasing inclination towards healthy lifestyle, and increasing consumption of organic and healthy food products. In addition, increasing popularity of vegan food products is expected to generate demand for plant-based snacks resulting in growth of the target market in the region.

Segmentation and Key Players Operating in Global Plant-based Snacks Market:

Segmentation by product type:

• Meat Alternative Snacks
• Cereal/Grain based Snacks
• Plant-based Salted Snack
• Plant-based Snack Bars
• Fruit and Nut Snacks

Segmentation by nature:

• Organic
• Conventional

Segmentation by flavour:

• Savoury
• Vegetable Flavour
• Herb & Spice Flavour
• Chilly/Pepper Flavour
• Seafood/Meat Flavour
• Cheese Flavour
• Blended Flavour
• Sweet
• Citrus Flavour
• Tropical Flavour
• Berries Flavour
• Chocolate Flavour

Segmentation by packaging:

• Pouches
• Wrappers
• Bags
• Tins

Segmentation by sales channel:

• Food Service Provider
• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Small Groceries
• Online Retail

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

• General Mills Inc.
• Maple Leaf Foods Inc
• The Unilever Group (Growing Roots)
• Blue Diamond Growers, Inc.
• Nestlé S.A.
• Primal Spirit Foods, Inc.
• Louisville Vegan Jerky Co. LLC
• Eat Natural Ltd.
• Quorn Foods, Inc.
• Green Park Snacks Ltd (Hippeas)