Market Overview
The increasing sale of organic savory snacks is driven by changing consumer’s preference and adoption of chemical-free food consumption trend. Convenience food based property of organic savory snacks is increasing its sale in the market as a potential healthy snacks option. The health benefits obtained from organic savory snacks backed up by its high anti-oxidant content is also supporting its sale amongst the consumers. Increasing consumption of natural food products has a positive impact on the organic savory snacks market. The consumption of organic savory snacks is found to be high in and North America and is evaluated to increase at a positive growth rate in various countries of Europe and Asia-Pacific region.
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Market Forecast
Globally, the organic savory snacks market share is estimated to escalate at a higher growth rate due its preserved nutritional profile. Organic savory snacks is free of any chemicals and is known to boost up the immune system thereby improving the body’s metabolic functions. High consumption of organic savory snacks is backed up by developing economy and innovations in food industries globally. The rising demand for beverages with rich and unique flavors is supporting the sale of the product. The nutritional value of organic savory snacks also has increased its demand as a potential on-the-go food product.
All these factors contribute to the calculated CAGR of 3.5% of organic savory snacks market during 2017-2023.
Downstream analysis-
Consumption of baked organic savory snacks is growing at significant rate based on high demand from the consumer’s side due to increasing health consciousness. In addition, the market of organic chips is experiencing a rapid increase. Based on the ingredients, potato based savory snacks holds a lion’s share with high production volume of potato all over the globe.
The sale of spicy organic savory snacks is experiencing a surge backed up by consumer’s preference for flavor rich savory snacks. In addition, cheese based organic savory snacks is evaluated to hold the second largest share.
Competitive analysis-
The major key players in Organic Savory Snacks market are
Madeinnature (U.S.)
Lesserevil (U.S.)
Peeledsnacks (U.S.)
Latejuly Snacks (U.S.)
Heavenlytasty (U.K.)
Conagra Brands Inc. (U.S.)
Beanitos Inc (U.S.)
Organic Savory Snacks manufacturers across various regions follow the strategy of improving their existing product as well as increasing the manufacture of flavored organic savory snacks to meet the consumer’s demand to expand their business. This is one of the major factors due to which the demands of organic savory snacks is experiencing a surge. U.S. is amongst the dominating countries holding a major share in organic savory snacks market and exports the product in various other countries which include China, Canada, Mexico, U.K. and others.
Regional Analysis
The global organic Savory Snacks market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America holds a major market share followed by Europe. The high demands for organic savory snacks from the developed countries of these regions is contributing to the positive growth of organic savory snacks market. France, U.S., U.K., Germany and Canada are the major importers of organic savory snacks. North America is found to be the major exporter of Organic Savory Snacks and exports majorly to countries of Europe and Asia-Pacific.
Market Segmentation-
Global Organic Savory Snacks market is segmented by Processing method, Product-Type, Ingredient, Flavor and Region
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