Confectionery

PUBLISHER: Persistence Market Research | PRODUCT CODE: 1547081

PUBLISHER: Persistence Market Research | PRODUCT CODE: 1547081

Plant-based Snacks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

PUBLISHED: August 26, 2024

PAGES: 148 Pages

DELIVERY TIME: 2-5 business days

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Description

Persistence Market Research has recently published an extensive report on the global Plant-based Snacks Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

Plant-based Snacks Market Size (2024E): US$14.1 Bn
Projected Market Value (2031F): US$25.0 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 8.5%

Plant-based Snacks Market - Report Scope:

The Plant-based Snacks Market encompasses a wide array of snacks made from plant-derived ingredients such as fruits, vegetables, grains, nuts, seeds, and legumes. These snacks are designed to offer healthier alternatives to traditional snacks, appealing to a broad spectrum of consumers, including vegans, vegetarians, flexitarians, and health-conscious individuals. The market serves diverse segments, including supermarkets, convenience stores, online platforms, and direct-to-consumer services. Growth is driven by the increasing consumer preference for healthier snacking options, advancements in food processing technologies, and the expanding application of novel flavors across various consumer demographics.

Market Growth Drivers:

Several key factors are driving the global Plant-based Snacks Market. The rising demand for healthier snacking options among consumers boosts the market's growth. Technological advancements in food processing and packaging, such as extrusion and dehydration, have improved the taste, texture, and shelf life of plant-based snacks, further fueling market expansion. Additionally, the growing consumer focus on sustainability and ethical eating habits drives demand for plant-based snacks. Enhanced research and development activities, along with the introduction of innovative flavors and ingredients, contribute to market growth by offering more tailored solutions for consumers with different dietary preferences and lifestyles.

Market Restraints:

Despite promising growth prospects, the Plant-based Snacks Market faces challenges related to the high costs of premium and organic products and the potential taste and texture concerns associated with some plant-based snacks. Market growth can be hindered by the availability of alternative snack options, such as traditional snacks, which may be preferred by some consumers due to their familiarity and taste. Additionally, concerns about the nutritional profile of some plant-based snacks, such as high sugar or fat content, pose challenges for market expansion. Addressing these issues requires ongoing investment in research and development to improve the taste and nutritional profile of plant-based snacks, reduce sugar and fat levels, and incorporate natural ingredients.

Market Opportunities:

The market presents significant opportunities driven by the increasing adoption of plant-based and organic snacks and the rising demand for globally inspired flavors. The development of advanced processing technologies, such as high-pressure processing (HPP) and cold extrusion, caters to the growing need for more nutritious and preservative-free plant-based snack options. The expansion of e-commerce platforms and direct-to-consumer delivery services provides new channels for market growth, allowing companies to reach a broader audience and offer convenient access to a wide variety of products. Strategic partnerships, investments in sustainable packaging, and the introduction of functional and fortified snacks are essential for capitalizing on emerging opportunities and maintaining market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Plant-based Snacks Market globally?
Which types and formats of plant-based snacks are leading the adoption in various settings?
How are technological advancements influencing the competitive landscape of the Plant-based Snacks Market?
Who are the key players in the Plant-based Snacks Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Plant-based Snacks Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Plant-based Snacks Market, including The Hain Celestial Group, Inc., General Mills, Inc., and PepsiCo, Inc., focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced plant-based snack solutions and explore new flavor combinations. Collaborations with suppliers, distributors, and retail partners facilitate market access and promote new product adoption. Emphasis on consumer education, high-quality products, and comprehensive marketing strategies fosters market growth and enhances brand loyalty in the evolving Plant-based Snacks Market landscape.

Key Companies Profiled:

Zelle Organic
Siren Snacks Inc.
Green Park Snacks Ltd
Eat Natural
Primal Spirit Foods Inc
Louisville Vegan Jerky Co.
Nestle S.A. (Switzerland)
Conagra Brands, Inc.
General Mills Inc.
Unilever Group
Outstanding Foods, Inc.
Vegan Rob's

Plant-based Snacks Market Industry Segmentation

By Product Type

Meat Alternative Snack
Cereal/Grain-Based Snacks
Fruit & Nut Snacks
Plant-Based Snack Bars

By Packaging

Pouches
Wrappers
Bags
Tins

By Flavor

Savory
Sweet

By Distribution Channel

Direct
Indirect

By Region

North America
Europe
Asia Pacific
Middle East
Oceania
Africa

Product Code: PMRREP27622

1. Executive Summary

1.1. Global Plant-based Snacks Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Industry Developments and Key Market Events
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Plant-based Snacks Market: Value Chain
- 2.3.1. List of key players
- 2.3.2. List of key distributors
2.4. Forecast Factors - Relevance and Impact
2.5. Covid-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter Five Force's Analysis

3. Key Regulations/ Standards

4. Price Trend Analysis, 2019-2031

4.1. Key Factors Impacting Prices
4.2. Prices by Product Type

5. Global Plant-based Snacks Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Market Size (US$ Bn) Analysis and Forecast
- 5.1.1. Historical Market Size Analysis, 2019-2023
- 5.1.2. Current Market Size Forecast, 2024-2031
5.2. Global Plant-based Snacks Market Outlook: Product Type
- 5.2.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 5.2.2.1. Meat Alternative Snack
  - 5.2.2.2. Cereal/Grain-Based Snacks
  - 5.2.2.3. Fruit & Nut Snacks
  - 5.2.2.4. Plant-Based Snack Bars
- 5.2.3. Market Attractiveness Analysis: Product Type
5.3. Global Plant-based Snacks Market Outlook: Packaging
- 5.3.1. Historical Market Size (US$ Bn) Analysis By Packaging, 2019-2023
- 5.3.2. Current Market Size (US$ Bn) Forecast By Packaging, 2024-2031
  - 5.3.2.1. Pouches
  - 5.3.2.2. Wrappers
  - 5.3.2.3. Bags
  - 5.3.2.4. Tins
- 5.3.3. Market Attractiveness Analysis: Packaging
5.4. Global Plant-based Snacks Market Outlook: Flavor
- 5.4.1. Historical Market Size (US$ Bn) Analysis By Flavor, 2019-2023
- 5.4.2. Current Market Size (US$ Bn) Forecast By Flavor, 2024-2031
  - 5.4.2.1. Savory
  - 5.4.2.2. Sweet
- 5.4.3. Market Attractiveness Analysis: Flavor
5.5. Global Plant-based Snacks Market Outlook: Distribution Channel
- 5.5.1. Historical Market Size (US$ Bn) Analysis By Distribution Channel, 2019-2023
- 5.5.2. Current Market Size (US$ Bn) Forecast By Distribution Channel, 2024-2031
  - 5.5.2.1. Direct
  - 5.5.2.2. Indirect
    - 5.5.2.2.1. Hypermarkets/Supermarkets
    - 5.5.2.2.2. Convenience Store
    - 5.5.2.2.3. Specialty Stores
    - 5.5.2.2.4. Grocery Stores
    - 5.5.2.2.5. Independent Retailers
    - 5.5.2.2.6. Online Retailers
- 5.5.3. Market Attractiveness Analysis: Distribution Channel

6. Global Plant-based Snacks Market Outlook: Region

6.1. Historical Market Size (US$ Bn) Analysis By Region, 2019-2023
6.2. Current Market Size (US$ Bn) Forecast By Region, 2024-2031
- 6.2.1. North America
- 6.2.2. Europe
- 6.2.3. East Asia
- 6.2.4. South Asia and Oceania
- 6.2.5. Latin America
- 6.2.6. Middle East & Africa
6.3. Market Attractiveness Analysis: Region

7. North America Plant-based Snacks Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 7.1.1. By Country
- 7.1.2. By Product Type
- 7.1.3. By Packaging
- 7.1.4. By Flavor
- 7.1.5. By Distribution Channel
7.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 7.2.1. U.S.
- 7.2.2. Canada
7.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 7.3.1. Meat Alternative Snack
- 7.3.2. Cereal/Grain-Based Snacks
- 7.3.3. Fruit & Nut Snacks
- 7.3.4. Plant-Based Snack Bars
7.4. Current Market Size (US$ Bn) Forecast By Packaging, 2024-2031
- 7.4.1. Pouches
- 7.4.2. Wrappers
- 7.4.3. Bags
- 7.4.4. Tins
7.5. Current Market Size (US$ Bn) Forecast By Flavor, 2024-2031
- 7.5.1. Savory
- 7.5.2. Sweet
7.6. Current Market Size (US$ Bn) Forecast By Distribution Channel, 2024-2031
- 7.6.1. Direct
- 7.6.2. Indirect
  - 7.6.2.1. Hypermarkets/Supermarkets
  - 7.6.2.2. Convenience Store
  - 7.6.2.3. Specialty Stores
  - 7.6.2.4. Grocery Stores
  - 7.6.2.5. Independent Retailers
  - 7.6.2.6. Online Retailers
7.7. Market Attractiveness Analysis

8. Europe Plant-based Snacks Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 8.1.1. By Country
- 8.1.2. By Product Type
- 8.1.3. By Packaging
- 8.1.4. By Flavor
- 8.1.5. By Distribution Channel
8.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 8.2.1. Germany
- 8.2.2. France
- 8.2.3. U.K.
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
8.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 8.3.1. Meat Alternative Snack
- 8.3.2. Cereal/Grain-Based Snacks
- 8.3.3. Fruit & Nut Snacks
- 8.3.4. Plant-Based Snack Bars
8.4. Current Market Size (US$ Bn) Forecast By Packaging, 2024-2031
- 8.4.1. Pouches
- 8.4.2. Wrappers
- 8.4.3. Bags
- 8.4.4. Tins
8.5. Current Market Size (US$ Bn) Forecast By Flavor, 2024-2031
- 8.5.1. Savory
- 8.5.2. Sweet
8.6. Current Market Size (US$ Bn) Forecast By Distribution Channel, 2024-2031
- 8.6.1. Direct
- 8.6.2. Indirect
  - 8.6.2.1. Hypermarkets/Supermarkets
  - 8.6.2.2. Convenience Store
  - 8.6.2.3. Specialty Stores
  - 8.6.2.4. Grocery Stores
  - 8.6.2.5. Independent Retailers
  - 8.6.2.6. Online Retailers
8.7. Market Attractiveness Analysis

9. East Asia Plant-based Snacks Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 9.1.1. By Country
- 9.1.2. By Product Type
- 9.1.3. By Packaging
- 9.1.4. By Flavor
- 9.1.5. By Distribution Channel
9.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 9.2.1. China
- 9.2.2. Japan
- 9.2.3. South Korea
9.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 9.3.1. Meat Alternative Snack
- 9.3.2. Cereal/Grain-Based Snacks
- 9.3.3. Fruit & Nut Snacks
- 9.3.4. Plant-Based Snack Bars
9.4. Current Market Size (US$ Bn) Forecast By Packaging, 2024-2031
- 9.4.1. Pouches
- 9.4.2. Wrappers
- 9.4.3. Bags
- 9.4.4. Tins
9.5. Current Market Size (US$ Bn) Forecast By Flavor, 2024-2031
- 9.5.1. Savory
- 9.5.2. Sweet
9.6. Current Market Size (US$ Bn) Forecast By Distribution Channel, 2024-2031
- 9.6.1. Direct
- 9.6.2. Indirect
  - 9.6.2.1. Hypermarkets/Supermarkets
  - 9.6.2.2. Convenience Store
  - 9.6.2.3. Specialty Stores
  - 9.6.2.4. Grocery Stores
  - 9.6.2.5. Independent Retailers
  - 9.6.2.6. Online Retailers
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Plant-based Snacks Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 10.1.1. By Country
- 10.1.2. By Product Type
- 10.1.3. By Packaging
- 10.1.4. By Flavor
- 10.1.5. By Distribution Channel
10.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 10.2.1. India
- 10.2.2. Southeast Asia
- 10.2.3. ANZ
- 10.2.4. Rest of South Asia & Oceania
10.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 10.3.1. Meat Alternative Snack
- 10.3.2. Cereal/Grain-Based Snacks
- 10.3.3. Fruit & Nut Snacks
- 10.3.4. Plant-Based Snack Bars
10.4. Current Market Size (US$ Bn) Forecast By Packaging, 2024-2031
- 10.4.1. Pouches
- 10.4.2. Wrappers
- 10.4.3. Bags
- 10.4.4. Tins
10.5. Current Market Size (US$ Bn) Forecast By Flavor, 2024-2031
- 10.5.1. Savory
- 10.5.2. Sweet
10.6. Current Market Size (US$ Bn) Forecast By Distribution Channel, 2024-2031
- 10.6.1. Direct
- 10.6.2. Indirect
  - 10.6.2.1. Hypermarkets/Supermarkets
  - 10.6.2.2. Convenience Store
  - 10.6.2.3. Specialty Stores
  - 10.6.2.4. Grocery Stores
  - 10.6.2.5. Independent Retailers
  - 10.6.2.6. Online Retailers
10.7. Market Attractiveness Analysis

11. Latin America Plant-based Snacks Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 11.1.1. By Country
- 11.1.2. By Product Type
- 11.1.3. By Packaging
- 11.1.4. By Flavor
- 11.1.5. By Distribution Channel
11.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 11.2.1. Brazil
- 11.2.2. Mexico
11.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 11.3.1. Meat Alternative Snack
- 11.3.2. Cereal/Grain-Based Snacks
- 11.3.3. Fruit & Nut Snacks
- 11.3.4. Plant-Based Snack Bars
11.4. Current Market Size (US$ Bn) Forecast By Packaging, 2024-2031
- 11.4.1. Pouches
- 11.4.2. Wrappers
- 11.4.3. Bags
- 11.4.4. Tins
11.5. Current Market Size (US$ Bn) Forecast By Flavor, 2024-2031
- 11.5.1. Savory
- 11.5.2. Sweet
11.6. Market Attractiveness Analysis
11.7. Current Market Size (US$ Bn) Forecast By Distribution Channel, 2024-2031
- 11.7.1. Direct
- 11.7.2. Indirect
  - 11.7.2.1. Hypermarkets/Supermarkets
  - 11.7.2.2. Convenience Store
  - 11.7.2.3. Specialty Stores
  - 11.7.2.4. Grocery Stores
  - 11.7.2.5. Independent Retailers
  - 11.7.2.6. Online Retailers
11.8. Market Attractiveness Analysis

12. Middle East & Africa Plant-based Snacks Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 12.1.1. By Country
- 12.1.2. By Product Type
- 12.1.3. By Packaging
- 12.1.4. By Flavor
- 12.1.5. By Distribution Channel
12.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 12.2.1. GCC
- 12.2.2. South Africa
- 12.2.3. Northern Africa
12.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 12.3.1. Meat Alternative Snack
- 12.3.2. Cereal/Grain-Based Snacks
- 12.3.3. Fruit & Nut Snacks
- 12.3.4. Plant-Based Snack Bars
12.4. Current Market Size (US$ Bn) Forecast By Packaging, 2024-2031
- 12.4.1. Pouches
- 12.4.2. Wrappers
- 12.4.3. Bags
- 12.4.4. Tins
12.5. Current Market Size (US$ Bn) Forecast By Flavor, 2024-2031
- 12.5.1. Savory
- 12.5.2. Sweet
12.6. Market Attractiveness Analysis
12.7. Current Market Size (US$ Bn) Forecast By Distribution Channel, 2024-2031
- 12.7.1. Direct
- 12.7.2. Indirect
  - 12.7.2.1. Hypermarkets/Supermarkets
  - 12.7.2.2. Convenience Store
  - 12.7.2.3. Specialty Stores
  - 12.7.2.4. Grocery Stores
  - 12.7.2.5. Independent Retailers
  - 12.7.2.6. Online Retailers
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Tier Structure Analysis
- 13.2.4. Regional Presence Analysis
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Zelle Organic
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Siren Snacks Inc.
- 13.3.3. Green Park Snacks Ltd
- 13.3.4. Eat Natural
- 13.3.5. Primal Spirit Foods Inc
- 13.3.6. Louisville Vegan Jerky Co.
- 13.3.7. Nestle S.A. (Switzerland)
- 13.3.8. Conagra Brands, Inc.
- 13.3.9. General Mills Inc.
- 13.3.10. Unilever Group
- 13.3.11. Outstanding Foods, Inc.
- 13.3.12. Vegan Rob's
- 13.3.13. Others

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

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