What is Plant-based Snacks?
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.
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Dried fruit, Plant-Based Bars, Vegetable Chips, Chickpeas and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Plant-based Snacks market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are 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).
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.
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.
Increasing Demand for Organic Protein Bars and Raising Awareness of Health Benefits of Plant-based Snacks
- Stringent Regulatory Standards for the Application and Production of the Plant-based Snacks
Chances to Growth in Healthcare & Nutrition Sector due to the Health Benefits and Increasing Research and Development Activities owing to Plant-based Snacks Products
Key highlights of the Global Plant-based Snacks market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Plant-based Snacks market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Plant-based Snacks market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Plant-based Snacks Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plant-based Snacks market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plant-based Snacks market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Plant-based Snacks Manufacturers, Plant-based Snacks Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. Where the Plant-based Snacks industry is heading?
Plant-based Snacks Market is heading robustly to achieve new growth cycle.2. Is Plant-based Snacks market is changing from growth to value?
The Concentration Rate of Global Plant-based Snacks market is dominated by Vendors and may generate healthy valuation by 2027.
3. Who are the key players profiled in the Plant-based Snacks Market?
Companies that are profiled in Global Plant-based Snacks Market are 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) etc.