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Plant Based Snacks Market

Global Plant Based Snacks Market Size, Share, Price, Report: By Nature: Organic, Conventional; By Flavour: Savoury, Sweet; By Product Type: Meat Alternative Snacks, Grain-Based Snacks, Fruit and Nut Snacks, Plant-Based Snack Bars, Others; By Packaging Type; By Distributional Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Plant Based Snacks Market Outlook

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.

 

Plant Based Snacks Market

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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.

 

Plant Based Snacks Market By Packaging Type

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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, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Plant Based Snacks Market by Region

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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.

 

Key Highlights of the Report

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:

  • Nature
  • Flavour
  • Product Type
  • Packaging Type
  • Distributional Channel
  • Region
Breakup by Nature
  • Organic
  • Conventional
Breakup by Flavour
  • Savoury
  • Sweet
Breakup by Product Type
  • Meat Alternative Snacks
  • Grain-Based Snacks
  • Fruit and Nut Snacks
  • Plant-Based Snack Bars
  • Others
Breakup by Packaging Type
  • Pouches
  • Wrappers
  • Bags
  • Tins
  • Others
Breakup by Distributional Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Plant Based Snacks Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Plant Based Snacks Historical Market (2018-2023) 
    8.3    Global Plant Based Snacks Market Forecast (2024-2032)
    8.4    Global Plant Based Snacks Market by Nature
        8.4.1    Organic
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Conventional
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Plant Based Snacks Market by Flavour
        8.5.1    Savoury
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Sweet
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Plant Based Snacks Market by Product Type
        8.6.1    Meat Alternative Snacks
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Grain-Based Snacks
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Fruit and Nut Snacks
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Plant-Based Snack Bars
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Plant Based Snacks Market by Packaging Type
        8.7.1    Pouches
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Wrappers
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Bags
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Tins
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Global Plant Based Snacks Market by Distributional Channel
        8.8.1    Supermarkets and Hypermarkets
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Convenience Stores
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Specialty Stores
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Online
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Others
    8.9    Global Plant Based Snacks Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032) 
9    North America Plant Based Snacks Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Plant Based Snacks Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Plant  Based Snacks Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Plant Based Snacks Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa  Plant Based Snacks Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Maple Leaf Foods Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    General Mills Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Unilever Plc
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Primal Spirit Foods, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Wyandot, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Brad's Plant Based, LLC
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    SunOpta Grains and Foods, Inc.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments
    
List of Key Figures and Tables

1.    Global Plant Based Snacks Market: Key Industry Highlights, 2018 and 2032
2.    Global Plant Based Snacks Historical Market: Breakup by Nature (USD Billion), 2018-2023
3.    Global Plant Based Snacks Market Forecast: Breakup by Nature (USD Billion), 2024-2032
4.    Global Plant Based Snacks Historical Market: Breakup by Flavour (USD Billion), 2018-2023
5.    Global Plant Based Snacks Market Forecast: Breakup by Flavour (USD Billion), 2024-2032
6.    Global Plant Based Snacks Historical Market: Breakup by Product Type (USD Billion), 2018-2023
7.    Global Plant Based Snacks Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
8.    Global Plant Based Snacks Historical Market: Breakup by Packaging Type (USD Billion), 2018-2023
9.    Global Plant Based Snacks Market Forecast: Breakup by Packaging Type (USD Billion), 2024-2032
10.    Global Plant Based Snacks Historical Market: Breakup by Distributional Channel (USD Billion), 2018-2023
11.    Global Plant Based Snacks Market Forecast: Breakup by Distributional Channel (USD Billion), 2024-2032
12.    Global Plant Based Snacks Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Plant Based Snacks Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Plant Based Snacks Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Plant Based Snacks Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Plant Based Snacks Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Plant Based Snacks Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Plant Based Snacks Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Plant Based Snacks Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Plant Based Snacks Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Plant Based Snacks Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Plant Based Snacks Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Plant Based Snacks Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Plant Based Snacks Market Structure

Key Questions Answered in the Report

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.

Analyst Review

The global plant based snacks market is being driven by the rising adoption of vegan diets. Aided by the growing introduction of new products, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.7%. The market is projected to reach USD 94.03 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on nature, the market is segmented into organic and conventional. By flavour, the market is bifurcated into savoury and sweet. Based on product type, the industry is segmented into meat alternative snacks, grain-based snacks, fruit and nut snacks, and plant-based snack bars, among others. By packaging type, the market is categorised into pouches, wrappers, bags, and tins, among others. Based on distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others. The major regional markets for plant based snacks are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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