What is Plant-based Snacks Market Scope?
Plant-based snacks are not only fruits and vegetables, but also nuts, seeds whole grains oils, legumes, oils, and beans. Surging awareness about animal cruelty and the benefits of a plant-based diet propel the global plant-based snacks market. Increasing the number of health-conscious populations and nutrient deficiency due to lack of proper diet will boost the demand for plant-based snacks market. The increasing number of customers can drive the plant-based snacks market and influence the industry during the forecast period.
Influencing Trend:
Increasing Demand for Organic Protein Bars and Raising Awareness of Health Benefits of Plant-based Snacks
Market Growth Drivers:
Rapid Shifts towards Plant-based Food Products and Rising Popularity of Plant-based Snacks like Tofu, Tempeh, and other products.
Challenges:
Fluctuation of Raw Materials Prices over the Globe
Restraints:
Stringent Regulatory Standards for the Application and Production of the Plant-based Snacks
Opportunities:
Chances to Growth in Healthcare & Nutrition Sector due to the Health Benefits and Increasing Research and Development Activities owing to Plant-based Snacks Products
The Plant-based Snacks market study is being classified by Type (Dried fruit, Plant-Based Bars, Vegetable Chips, Chickpeas and Others), by Application and major geographies with country level break-up.
Global Plant-based Snacks is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
General Mills (United States), Maple Leaf Foods (Canada), Unilever (United Kingdom), Nestlé (Switzerland), Quorn (United Kingdom), Soul sprout (United States), Green Park Snacks (United Kingdom), Eat Natural (United Kingdom), Oomph (Sweden) and Blue Diamond Growers (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Plant-based Snacks market by Type, Application and Region.
On the basis of geography, the market of Plant-based Snacks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 6th July 2021, General Mills acquired Tyson Foods’. This acquisition represents how General Mills reshapes its portfolio for growth. The acquisition will help to build a strong portfolio and profitable growth ahead.
As per the Food Safety and Standards Authority of India, The Food Business Operator shall submit an application with all necessary details related to plant or machinery or premises to the Authority. Inspection and verification of the premises shall be done by the concerned Food Safety Officer or Designated Officer. The Food Authority may specify guidelines for endorsement of vegan logos and annual market surveillance for such products. The concerning registration or licensing authority shall carry out surveillance of the registered establishment at least once a year.
Key Target Audience
Plant-based Snacks Manufacturers, Plant-based Snacks Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Plant-based Snacks Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Plant-based Snacks Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Plant-based Snacks industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.