Base Year
Historical Year
Forecast Year
The global plant based snacks market witnessed a healthy growth in the historical period of 2018-2023. The market is expected to grow at a CAGR of 8.7% in the forecast period of 2024-2032 to reach a value of USD 94.03 billion by 2032.
| al Plant Based Snacks Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | 94.03 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 8.7% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 11.3% |
| CAGR 2024-2032 - Market by Country | India | 12.9% |
| CAGR 2024-2032 - Market by Country | Brazil | 9.5% |
| CAGR 2024-2032 - Market by Nature | Organic | 9.6% |
| CAGR 2024-2032 - Market by Packaging Type | Pouches | 9.8% |
| Market Share by Country 2023 | Brazil | 2.3% |
The market for plant based snacks is driven by the rising adoption of vegan and vegetarian diet in the developed economies. Economies of North America are significantly contributing to the expanding market size of plant-based snacks. This can be attributed to the rise in the adoption of a vegetarian and vegan diet. Following North America, the Asia Pacific region is demonstrating enormous growth in the plant based snacks industry, as the consumers are inclined towards purchasing products that are associated with health and wellness. Further, the market in the region is highly influenced by the rising disposable incomes, changing lifestyles, and rapid urbanisation, along with the growing awareness regarding the health benefits of consuming plant based snacks.
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Plant based snacks are those snacks that are almost purely derived from various plants and are healthy to munch on. They are produced, keeping in mind the health-conscious people as they usually have lower calories and are rich in nutrients.
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On the basis of nature, the market is divided into:
Based on flavour, the industry can be segmented into:
On the basis of product type, the industry is categorised into:
On the basis of packaging type, the industry is divided into:
By distribution channel, the industry is segregated into:
| CAGR 2024-2032 - Market by | Country |
| India | 12.9% |
| Brazil | 9.5% |
| UK | 8.0% |
| Australia | 7.7% |
| USA | 7.1% |
| Canada | XX% |
| Germany | 6.4% |
| France | XX% |
| China | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
| Italy | 5.4% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market for plant based snacks is driven by the rising concerns associated with the health complications such as diabetes, obesity, and cardiovascular diseases, which have contributed significantly to the shift from the fried snacks to the healthier snacks. Thereby increasing the market growth of plant based snacks. Further, the rising demand for plant based cereals such as fruit and nut snacks, cereal-based snacks, and plant based snack bars is providing impetus to the market growth as a result of its high nutritional value. The market is also expected to grow in the forecast period aided by the introduction of new products by the major players in the industry.
The report gives a detailed analysis of the following key players in the global plant based snacks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
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| Breakup by Flavour |
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| Breakup by Product Type |
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| Breakup by Packaging Type |
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| Breakup by Distributional Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global plant based snacks market is projected to grow at a CAGR of 8.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 94.03 billion by 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, the growing adoption of a vegan and vegetarian diet, changing lifestyles, rapid urbanisation, and rising awareness regarding the health benefits of consuming plant based snacks, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for plant based cereals and the growing introduction of new products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading natures of plant based snacks in the market are organic and conventional.
The major flavours of plant based snacks in the industry are savoury and sweet.
The significant product types in the market are meat alternative snacks, grain-based snacks, fruit and nut snacks, and plant-based snack bars, among others.
The major packaging types of plant based snacks in the industry are pouches, wrappers, bags, and tins, among others.
The leading distribution channels in the market are supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others.
The major players in the industry are Maple Leaf Foods Inc., General Mills Inc., Unilever Plc, Primal Spirit Foods, Inc., Wyandot, Inc., Brad's Plant Based, LLC, and SunOpta Grains and Foods, Inc., among others.
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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