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Report Overview
The global plant based snacks market witnessed a healthy growth in the historical period of 2018-2024. The market is expected to grow at a CAGR of 8.70% in the forecast period of 2025-2034 to reach a value of USD 94.03 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
Compound Annual Growth Rate
Value in USD Billion
8.7%
2025-2034
Plant Based Snacks Market Outlook
*this image is indicative*
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| al Plant Based Snacks Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | XX |
| Market Size 2034 | USD Billion | 94.03 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 8.70% |
| CAGR 2025-2034 - Market by Region | Asia Pacific | 11.3% |
| CAGR 2025-2034 - Market by Country | India | 12.9% |
| CAGR 2025-2034 - Market by Country | Brazil | 9.5% |
| CAGR 2025-2034 - Market by Nature | Organic | 9.6% |
| CAGR 2025-2034 - Market by Packaging Type | Pouches | 9.8% |
| Market Share by Country 2024 | Brazil | 2.3% |
Rising Adoption of Vegan and Vegetarian Diet is Aiding the Global Market for Plant Based Snacks
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: Market Segmentation
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.
On the basis of nature, the market is divided into:
- Organic
- Conventional
Based on flavour, the industry can be segmented into:
- Savoury
- Sweet
On the basis of product type, the industry is categorised into:
- Meat Alternative Snacks
- Grain-Based Snacks
- Fruit and Nut Snacks
- Plant-Based Snack Bars
- Others
On the basis of packaging type, the industry is divided into:
- Pouches
- Wrappers
- Bags
- Tins
- Others
By distribution channel, the industry is segregated into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
The regional markets for the product include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
| CAGR 2025-2034 - 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% |
Rising Concerns Associated with the Health Complications to Aid the Global Market Growth of Plant Based Snacks
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.
Key Industry Players in the Global Plant Based Snacks Market
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:
- Maple Leaf Foods Inc.
- General Mills Inc.
- Unilever Plc
- Primal Spirit Foods, Inc.
- Wyandot, Inc.
- Brad's Plant Based, LLC
- SunOpta Grains and Foods, Inc.
- Others
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.
*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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Key Questions Answered in the Report
The global plant based snacks market is projected to grow at a CAGR of 8.70% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 94.03 billion by 2034.
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.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Nature |
|
| Breakup by Flavour |
|
| Breakup by Product Type |
|
| Breakup by Packaging Type |
|
| Breakup by Distributional Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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