Market Highlights
The demand for organic snacks is increasing rapidly all over the world due to the growing inclination of health-conscious consumers for products produced through organic farming and those free from artificial ingredients and additives. The major trends in the snacking industry include innovations in plant-based diets, grass-fed meat, and the rising consumption of edible flowers along with regular snacks produced organically. These trends are encouraging key players to include organic snacks in their product portfolios, thereby positively impacting the growth of the global organic snacks market share during the forecast period.
Based on product type, the global organic snacks market share has been segmented into cookies and crackers, dried fruits, puffs and chips, energy bars, meat snacks, and others. The puffs and chips segment is expected to dominate the global organic snacks market share during the forecast period due to the introduction of different flavors and shapes by key market players to attract younger consumers. The energy bars segment is expected to be the fastest-growing market during the forecast period owing to increasing health consciousness and the rising demand for energy and nutritional supplements. The ingredients used in organic energy bars are grown in organic farms without the use of chemical pesticides and genetically modified organisms. Organic energy bars offer a high level of nutrition due to their fiber, carbohydrate, and protein content.
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The global organic snacks market share has been divided, by packaging type, into pouches, cartons, and others. The pouches segment is expected to dominate the global organic snacks market share during the assessment period since pouches are cost-effective, easy to carry, and the inner lining help in prolonging shelf life. The cartons segment is projected to record the highest CAGR since cartons help in maintaining the brittle shapes and structures of snacks, thereby, minimizing the risk of breakage.
The global market for organic snacks has also been classified, by distribution channel, into store-based and non-store based. The store-based segment has been further segregated into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to generate higher revenue, with the supermarkets and hypermarkets sub-segment being the largest due to the strong and widespread network of stores. The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online retailing.
Regional Analysis
The global organic snacks market share has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.
Geographically, North America is expected to dominate the global organic snacks market share due to the high dependency of working professionals on convenience food and change in eating habits to address health concerns. Programs and investments by the US government for organic farming are expected to influence the growth of the organic snacks market share in the region during the forecast period. The organic snacks market share in Asia-Pacific is expected to grow rapidly due to the rising awareness of the health benefits of organic foods in emerging economies such as India and China.
Segmentation
The global organic snacks market share has been segmented based on product type, packaging type, distribution channel, and region.
By product type, the global organic snacks market share has been segregated into cookies and crackers, dried fruits, puffs and chips, energy bars, meat snacks, and others.
Pouches, cartons, and others are the packaging type segments of the global organic snacks market share.
On the basis of distribution channel, the global organic snacks market share has been divided into store-based and non-store-based. The store-based segment has been further segregated into supermarkets and hypermarkets, convenience stores, and others.
Key Players
Some of the key players in the Global Organic snacks market share are Conagra Brands, Inc. (US), General Mills, Inc. (US), Hain Celestial (US), Hormel Foods Corporation (US), SunOpta (Canada), YummyEarth, Inc. (US), Utz Quality Food, LLC (US), Eat Real (UK), Creative Snacks Co. (US), and NurturMe (US).
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Market HighlightsThe demand for organic snacks is increasing rapidly all over the world due to the growing inclination of health-conscious consumers for products produced through organic farming and those free from artificial ingredients and additives.
These trends are encouraging key players to include organic snacks in their product portfolios, thereby positively impacting the growth of the global organic snacks market during the forecast period.Based on product type, the global organic snacks market has been segmented into cookies and crackers, dried fruits, puffs and chips, energy bars, meat snacks, and others.
The energy bars segment is expected to be the fastest-growing market during the forecast period owing to increasing health consciousness and the rising demand for energy and nutritional supplements.
The ingredients used in organic energy bars are grown in organic farms without the use of chemical pesticides and genetically modified organisms.
The pouches segment is expected to dominate the global organic snacks market during the assessment period since pouches are cost-effective, easy to carry, and the inner lining help in prolonging shelf life.
The cartons segment is projected to record the highest CAGR since cartons help in maintaining the brittle shapes and structures of snacks, thereby, minimizing the risk of breakage.The global market for organic snacks has also been classified, by distribution channel, into store-based and non-store based.
Market Highlights The demand for organic snacks is increasing rapidly all over the world due to the growing inclination of health-conscious consumers for products produced through organic farming and those free from artificial ingredients and additives.
These trends are encouraging key players to include organic snacks in their product portfolios, thereby positively impacting the growth of the global organic snacks market during the forecast period.
The energy bars segment is expected to be the fastest-growing market during the forecast period owing to increasing health consciousness and the rising demand for energy and nutritional supplements.
The ingredients used in organic energy bars are grown in organic farms without the use of chemical pesticides and genetically modified organisms.
The pouches segment is expected to dominate the global organic snacks market during the assessment period since pouches are cost-effective, easy to carry, and the inner lining help in prolonging shelf life.
The cartons segment is projected to record the highest CAGR since cartons help in maintaining the brittle shapes and structures of snacks, thereby, minimizing the risk of breakage.
Market forecast:Global Dried Fruits Market is estimated to be valued at USD 9,081.70 Million by 2026, registering a CAGR of 4.41% during the forecast period.
Growing health concerns and the shifting lifestyle of the consumers are the significant factors responsible for the growth of functional beverages, both in developed and developing economies.
Furthermore, dried fruits find application in various industries, including bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals, with bakery and confectionery being the largest application industry.The Rest of the World was the largest market for dried fruits in 2019, and the region is expected to continue the dominate the global dried fruits market during the review period.
Furthermore, the dominance of some of the key industries, such as beverages, bakery, confectionery, and sweet and savory snacks, is further anticipated to proliferate the market growth of the Rest of the World during the review period.Key Players of Dried Fruits MarketMarket Research Future recognizes National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Tarina Foods (US), Sunbeam Foods Pty Ltd (Australia), Dole Food Company Inc (US), Sun-Maid Growers of California (US), Lion Raisins Inc (US), Paradise Fruits (Germany), and Bergin Fruit and Nut Company Inc. (US) as the Key Players in the Global Dried Fruits Market.The global dried fruits market is expected to register a notable growth rate during the forecast period.
Furthermore, the growing application of dried fruits in various industries is supporting the growth of the global dried fruits market.
However, the organic segment is projected to be the fastest-growing segment during the forecast period.Based on application, the market has been segmented into bakery and confectionery, dairy and frozen desserts, breakfast cereals, beverages, sweet and savory snacks, and others.
Market HighlightsGlobal Dried Fruits Market is estimated to be valued at USD 9,081.70 Million by 2026, registering a CAGR of 4.41% during the forecast period.
Growing health concerns and shifting lifestyle of the consumers are the significant factors responsible for the growth of functional beverages, both in developed and developing economies.
Furthermore, dried fruits find application in various industries, including bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals, with bakery and confectionery being the largest application industry.The Rest of the World was the largest market for dried fruits in 2019, and the region is expected to continue the dominate the global dried fruits market during the review period.
Increasing demand for clean label products is creating profitable opportunities for the manufacturers.
However, agro-climatic conditions are expected to hinder the growth of the global dried fruits market.Key PlayersMarket Research Future recognizes National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Traina Foods (US), Sunbeam Foods Pty Ltd (Australia), Dole Food Company Inc (US), Sun-Maid Growers of California (US), Lion Raisins Inc (US), Paradise Fruits (Germany), and Bergin Fruit and Nut Company Inc. (US) as the Key Players in the Global Dried Fruits Market.Segmental AnalysisGlobal Dried Fruits Market has been segmented on the basis of Type, Category, Application, and Region.By type, the market has been divided into apricots, figs, dates, raisins, berries, and others.
However, the organic segment is projected to be the fastest-growing segment during the forecast period.Based on application, the market has been segmented into bakery and confectionery, dairy and frozen desserts, breakfast cereals, beverages, sweet and savory snacks, and others.
The global Dried Fruits Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global dried fruits market are Bergin Fruit & Nut Co., Inc., Dole Food Company, Inc., Jiangsu Palarich Food Co., Ltd., Kiantama Oy, Lion Raisins, Inc., N. POLYCHRONIADIS & SIA O.E., Red River Foods Inc., Sunbeam Foods, Sun-Maid Growers of California, Inc., and Traina Foods, Inc.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Dried Fruits Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/dried-fruits-market/download-sampleMarket DynamicsThe increasing demand for dried fruits among consumers owing to their high nutritional benefits is primarily escalating the market growth.
Moreover, growing demand from food & beverages industry as dried fruits are increasingly used as a seasoning and flavoring agent in bakery and dairy products is further fueling the market growth.
On the contrary, loss of a certain amount of nutrients during the dehydration process could challenge the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
