Report ID : AMR1004181 | Industries : | Published On :December 2023 | Page Count : 238
Global Plant-Based Snacks Market Size, Trends & Growth Opportunity, By Product Type (Meat Alternative Snacks, Grain-Based Snacks, Fruit and Nut Snacks, Plant-Based Snack Bars, Wafers, Others), By Flavor (Savory, Sweet), By Category (Conventional, Organic), By Distribution Channel (Convenience Stores, Mass Merchandisers Specialty Stores, Online Retails), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Plant-Based Snacks Market
The Plant-Based Snacks Market was valued at USD 45.9 Billion in 2022 and is expected to expand to USD 77.9 Billion in 2030 at a CAGR of 6.83% during the forecast period 2023- 2030.
Market Overview
Plant-based snacks contain elements derived from vegetables, fruits, plants (including tubers), and cereals. In general, the fibre component in plant-based snacks is composed of indigestible substances such as resistant starch, pectins, cellulose, and hemicellulose.
Market Drivers
Growing consumer inclination towards veganism is driving the expansion of the market for plant-based snacks. This is because consumers are becoming more conscious of sustainability, social effect, and health. Customers are becoming more and more vegan due to concerns about both personal health and animal welfare. Additionally, there is a growing market for plant-based goods such vegan cake, muffins, buns, snacking bars, cookies, and bread. Consequently, the market for plant-based snacks is expected to develop further during the forecast period.
Market Restraints
Stringent regulations and a lack of consumer awareness of plant-based snacks are two factors that are predicted to stymie market growth. The market would be impeded during the projected period due to the high production rate of organic foods, as well as the lack of preservatives and the short shelf life of plant-based products.
Impact of Covid-19
The COVID-19 pandemic has affected a significant number of people worldwide. Everyone fears for their immunity and keeps social distance. During the lockdown, a number of end-user companies' manufacturing was suspended, which decreased demand for the plant-based snacking market and, as a result, sales revenue. Because supply chain networks were severely impacted, profit margins declined. However, the market for plant-based snacks is expected to recover from this global epidemic in the future years with cautious planning based on customer demand.
Market Segmentation
Global Plant-Based Snacks Market is segmented into Product Type, Flavor, Category, and Distribution Channel. By Product Type, the Global Plant-Based Snacks Market is segmented into Meat Alternative Snacks, Grain-Based Snacks, Fruit and Nut Snacks, Plant-Based Snack Bars, Wafers, Others. By Flavor, the Global Plant-Based Snacks Market is segmented into Savory, Sweet. By Category, the Global Plant-Based Snacks Market is segmented into Conventional, Organic. By Distribution Channel, the Global Plant-Based Snacks Market is segmented into Convenience Stores, Mass Merchandisers Specialty Stores, Online Retails.
Regional Analysis
Global Plant-Based Snacks Market is segmented into five regions such as North America, Europe, Latin America, Asia Pacific Middle East and Africa. The expanding veganism and shifting dietary habits of consumers in Europe are predicted to propel the region to the forefront of the worldwide market for plant-based snacks. Consumers' shifting dietary habits are a major factor contributing to the rise in veganism in European nations like the UK.
Market Key Players
Various key players are discussed in this report such as Maple Leaf Foods, Quorn, Nestle S.A., Upton's Natural, Louisville Vegan Jerky Company, Zelle Organic, Atlantic Natural Foods Company, Green Park Brands, Eat Natural, Primal Spirit Foods, Inc., and Siren Snacks.
Key Developments
• Atlantic Natural Foods Company in the United Kingdom produced plant-based snacks with hot pad thai and tikka masala in January 2019 to expand their spicy food category in the country.
Market Taxonomy
By Product Type
• Meat Alternative Snacks
• Grain-Based Snacks
• Fruit and Nut Snacks
• Plant-Based Snack Bars
• Wafers
• Others
By Flavor
• Savory
• Sweet
By Category
• Conventional
• Organic
By Distribution Channel
• Convenience Stores
• Mass Merchandisers Specialty Stores
• Online Retails
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Plant-Based Snacks Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Plant-Based Snacks Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Plant-Based Snacks Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Plant-Based Snacks Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Plant-Based Snacks Market Share Analysis, By Product Type
5.3 Global Plant-Based Snacks Market Size and Forecast, By Product Type
5.3.1 Meat Alternative Snacks
5.3.2 Grain-Based Snacks
5.3.3 Fruit and Nut Snacks
5.3.4 Plant-Based Snack Bars
5.3.5 Wafers
5.3.6 Others
6 Global Plant-Based Snacks Market, By Flavor
6.1 Y-o-Y Growth Comparison, By Flavor
6.2 Global Plant-Based Snacks Market Share Analysis, By Flavor
6.3 Global Plant-Based Snacks Market Size and Forecast, By Flavor
6.3.1 Savory
6.3.2 Sweet
7 Global Plant-Based Snacks Market, By Category
7.1 Y-o-Y Growth Comparison, By Category
7.2 Global Plant-Based Snacks Market Share Analysis, By Category
7.3 Global Plant-Based Snacks Market Size and Forecast, By Category
7.3.1 Conventional
7.3.2 Organic
8 Global Plant-Based Snacks Market, By Distribution Channel
8.1 Y-o-Y Growth Comparison, By Distribution Channel
8.2 Global Plant-Based Snacks Market Share Analysis, By Distribution Channel
8.3 Global Plant-Based Snacks Market Size and Forecast, By Distribution Channel
8.3.1 Convenience Stores
8.3.2 Mass Merchandisers Specialty Stores
8.3.3 Online Retails
9 Global Plant-Based Snacks Market, By Region
9.1 Global Plant-Based Snacks Market Share Analysis, By Region
9.2 Global Plant-Based Snacks Market Size and Forecast, By Region
9.3 Global Plant-Based Snacks Market Trends and Forecast, By Region
10 North America Plant-Based Snacks Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Plant-Based Snacks Market Size and Forecast, By Product Type
10.3 North America Plant-Based Snacks Market Size and Forecast, By Flavor
10.4 North America Plant-Based Snacks Market Size and Forecast, By Category
10.5 North America Plant-Based Snacks Market Size and Forecast, By Distribution Channel
10.6 North America Plant-Based Snacks Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Product Type
10.6.1.2 Market Size and Forecast, By Flavor
10.6.1.3 Market Size and Forecast, By Category
10.6.1.4 Market Size and Forecast, By Distribution Channel
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Product Type
10.6.2.2 Market Size and Forecast, By Flavor
10.6.2.3 Market Size and Forecast, By Category
10.6.2.4 Market Size and Forecast, By Distribution Channel
10.6.3 Mexico
10.6.3.1 Market Size and Forecast, By Product Type
10.6.3.2 Market Size and Forecast, By Flavor
10.6.3.3 Market Size and Forecast, By Category
10.6.3.4 Market Size and Forecast, By Distribution Channel
11 Europe Plant-Based Snacks Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Plant-Based Snacks Market Size and Forecast, By Product Type
11.3 Europe Plant-Based Snacks Market Size and Forecast, By Flavor
11.4 Europe Plant-Based Snacks Market Size and Forecast, By Category
11.5 Europe Plant-Based Snacks Market Size and Forecast, By Distribution Channel
11.6 Europe Plant-Based Snacks Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Product Type
11.6.1.2 Market Size and Forecast, By Flavor
11.6.1.3 Market Size and Forecast, By Category
11.6.1.4 Market Size and Forecast, By Distribution Channel
11.6.2 France
11.6.2.1 Market Size and Forecast, By Product Type
11.6.2.2 Market Size and Forecast, By Flavor
11.6.2.3 Market Size and Forecast, By Category
11.6.2.4 Market Size and Forecast, By Distribution Channel
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Product Type
11.6.3.2 Market Size and Forecast, By Flavor
11.6.3.3 Market Size and Forecast, By Category
11.6.3.4 Market Size and Forecast, By Distribution Channel
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Product Type
11.6.4.2 Market Size and Forecast, By Flavor
11.6.4.3 Market Size and Forecast, By Category
11.6.4.4 Market Size and Forecast, By Distribution Channel
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Product Type
11.6.5.2 Market Size and Forecast, By Flavor
11.6.5.3 Market Size and Forecast, By Category
11.6.5.4 Market Size and Forecast, By Distribution Channel
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Product Type
11.6.6.2 Market Size and Forecast, By Flavor
11.6.6.3 Market Size and Forecast, By Category
11.6.6.4 Market Size and Forecast, By Distribution Channel
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Product Type
11.6.7.2 Market Size and Forecast, By Flavor
11.6.7.3 Market Size and Forecast, By Category
11.6.7.4 Market Size and Forecast, By Distribution Channel
12 Asia Pacific Plant-Based Snacks Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Plant-Based Snacks Market Size and Forecast, By Product Type
12.3 Asia Pacific Plant-Based Snacks Market Size and Forecast, By Flavor
12.4 Asia Pacific Plant-Based Snacks Market Size and Forecast, By Category
12.5 Asia Pacific Plant-Based Snacks Market Size and Forecast, By Distribution Channel
12.6 Asia Pacific Plant-Based Snacks Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Product Type
12.6.1.2 Market Size and Forecast, By Flavor
12.6.1.3 Market Size and Forecast, By Category
12.6.1.4 Market Size and Forecast, By Distribution Channel
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Product Type
12.6.2.2 Market Size and Forecast, By Flavor
12.6.2.3 Market Size and Forecast, By Category
12.6.2.4 Market Size and Forecast, By Distribution Channel
12.6.3 India
12.6.3.1 Market Size and Forecast, By Product Type
12.6.3.2 Market Size and Forecast, By Flavor
12.6.3.3 Market Size and Forecast, By Category
12.6.3.4 Market Size and Forecast, By Distribution Channel
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Product Type
12.6.4.2 Market Size and Forecast, By Flavor
12.6.4.3 Market Size and Forecast, By Category
12.6.4.4 Market Size and Forecast, By Distribution Channel
12.6.5 Australia
12.6.5.1 Market Size and Forecast, By Product Type
12.6.5.2 Market Size and Forecast, By Flavor
12.6.5.3 Market Size and Forecast, By Category
12.6.5.4 Market Size and Forecast, By Distribution Channel
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Product Type
12.6.6.2 Market Size and Forecast, By Flavor
12.6.6.3 Market Size and Forecast, By Category
12.6.6.4 Market Size and Forecast, By Distribution Channel
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Product Type
12.6.7.2 Market Size and Forecast, By Flavor
12.6.7.3 Market Size and Forecast, By Category
12.6.7.4 Market Size and Forecast, By Distribution Channel
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Product Type
12.6.8.2 Market Size and Forecast, By Flavor
12.6.8.3 Market Size and Forecast, By Category
12.6.8.4 Market Size and Forecast, By Distribution Channel
12.6.9 Rest of Asia
12.6.9.1 Market Size and Forecast, By Product Type
12.6.9.2 Market Size and Forecast, By Flavor
12.6.9.3 Market Size and Forecast, By Category
12.6.9.4 Market Size and Forecast, By Distribution Channel
13 Latin America Plant-Based Snacks Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Plant-Based Snacks Market Size and Forecast, By Product Type
13.3 Latin America Plant-Based Snacks Market Size and Forecast, By Flavor
13.4 Latin America Plant-Based Snacks Market Size and Forecast, By Category
13.5 Latin America Plant-Based Snacks Market Size and Forecast, By Distribution Channel
13.6 Latin America Plant-Based Snacks Market Size and Forecast, By Country
13.6.1 Brazil
13.6.1.1 Market Size and Forecast, By Product Type
13.6.1.2 Market Size and Forecast, By Flavor
13.6.1.3 Market Size and Forecast, By Category
13.6.1.4 Market Size and Forecast, By Distribution Channel
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Product Type
13.6.2.2 Market Size and Forecast, By Flavor
13.6.2.3 Market Size and Forecast, By Category
13.6.2.4 Market Size and Forecast, By Distribution Channel
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Product Type
13.6.3.2 Market Size and Forecast, By Flavor
13.6.3.3 Market Size and Forecast, By Category
13.6.3.4 Market Size and Forecast, By Distribution Channel
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Product Type
13.6.4.2 Market Size and Forecast, By Flavor
13.6.4.3 Market Size and Forecast, By Category
13.6.4.4 Market Size and Forecast, By Distribution Channel
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Product Type
13.6.5.2 Market Size and Forecast, By Flavor
13.6.5.3 Market Size and Forecast, By Category
13.6.5.4 Market Size and Forecast, By Distribution Channel
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Product Type
13.6.6.2 Market Size and Forecast, By Flavor
13.6.6.3 Market Size and Forecast, By Category
13.6.6.4 Market Size and Forecast, By Distribution Channel
13.6.7 Rest of Latin America
13.6.7.1 Market Size and Forecast, By Product Type
13.6.7.2 Market Size and Forecast, By Flavor
13.6.7.3 Market Size and Forecast, By Category
13.6.7.4 Market Size and Forecast, By Distribution Channel
14 Middle East Plant-Based Snacks Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Plant-Based Snacks Market Size and Forecast, By Product Type
14.3 Middle East Plant-Based Snacks Market Size and Forecast, By Flavor
14.4 Middle East Plant-Based Snacks Market Size and Forecast, By Category
14.5 Middle East Plant-Based Snacks Market Size and Forecast, By Distribution Channel
14.6 Middle East Plant-Based Snacks Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.1.1 Market Size and Forecast, By Product Type
14.6.1.2 Market Size and Forecast, By Flavor
14.6.1.3 Market Size and Forecast, By Category
14.6.1.4 Market Size and Forecast, By Distribution Channel
14.6.2 UAE
14.6.2.1 Market Size and Forecast, By Product Type
14.6.2.2 Market Size and Forecast, By Flavor
14.6.2.3 Market Size and Forecast, By Category
14.6.2.4 Market Size and Forecast, By Distribution Channel
14.6.3 Egypt
14.6.3.1 Market Size and Forecast, By Product Type
14.6.3.2 Market Size and Forecast, By Flavor
14.6.3.3 Market Size and Forecast, By Category
14.6.3.4 Market Size and Forecast, By Distribution Channel
14.6.4 Kuwait
14.6.4.1 Market Size and Forecast, By Product Type
14.6.4.2 Market Size and Forecast, By Flavor
14.6.4.3 Market Size and Forecast, By Category
14.6.4.4 Market Size and Forecast, By Distribution Channel
14.6.5 South Africa
14.6.5.1 Market Size and Forecast, By Product Type
14.6.5.2 Market Size and Forecast, By Flavor
14.6.5.3 Market Size and Forecast, By Category
14.6.5.4 Market Size and Forecast, By Distribution Channel
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Product Type
14.6.6.2 Market Size and Forecast, By Flavor
14.6.6.3 Market Size and Forecast, By Category
14.6.6.4 Market Size and Forecast, By Distribution Channel
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Maple Leaf Foods
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Quorn
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Nestle S.A.
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Upton's Natural
16.4.1 Overview
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Louisville Vegan Jerky Company
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Zelle Organic
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Atlantic Natural Foods Company
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Green Park Brands
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Eat Natural
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Siren Snacks
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
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