Data Bridge Market Research analyses that the vegetable snacks market was valued at USD 4.20 billion in 2021 and is expected to reach the value of USD 6.11 billion by 2029, at a CAGR of 4.8% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Vegetable Snacks Market Dynamics: -
Drivers
A shift to healthy lifestyle due to rising health problems around the world
Over time, people have become more aware of the importance of food. This is due to an increase in chronic health problems. To combat the health problem, consumers have adopted special diet plans and even made lifestyle changes to stay fit. One notable change associated with this trend is the increased use of vegetable snack products. The adoption of vegetable snacks is due to the fact that they do not contain additives and provide far fewer calories than are required to maintain a healthy weight.
Expansion of retail channels combined with rise in consumers spending power
Increased snack food demand and consumption in Asia-Pacific emerging markets has significantly fuelled the growth of the global vegetable snacks market. Rising disposable income and changes in lifestyle and food habits drive the growth of the snacks market. Furthermore, the rapid expansion of large retail chains, such as hypermarkets and supermarkets, drives demand for vegetable snacks. Furthermore, an increase in people's inclination for readymade and convenient food products, an increase in their spending capacity, and an increase in demand for organic and conventional snacks food increase demand for vegetable snacks, thereby accelerating the growth of the vegetable snacks market.
Opportunity
Furthermore, rising R&D activities and increased modernization in new products on the market will open up new opportunities for the vegetable snacks market. Nonetheless, increased collaborations among major players along with rising brand awareness is creating a huge market opportunity.
Restraints
Some factors, such as a lack of awareness about vegetable snacks and stringent regulations, are expected to impede the growth of the vegetable snacks market. High production rate to prepare organic foods is also a factor impeding market growth, as is the absence of preservatives and the shorter expiry period of vegetable products, which will impede market growth and pose challenges in the forecast period.
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Global Vegetable Snacks Market Scope: -
The vegetable snacks market is segmented on the basis of source, application, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
Chips
Nuts & Seeds
Biscuits & Cookies
Popcorns
Others
Application
Pouches
Cans
Jars
Others
Distribution channel
Store-Based
Supermarket & Hypermarket
Convenience Store
Non-Store-Based
Vegetable Snacks Market Regional Analysis/Insights: -
The countries covered in the vegetable snacks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Vegetable Snacks Market Share Analysis: -
Some of the major players operating in the vegetable snacks market are:
Maple Leaf Foods Inc. (Canada)
Marlow Foods (U.K.)
Oumph (U.K.)
Upton’s Natural (U.S.)
Hilary's - Drink Eat Well, LLC (U.S.)
Siren Snacks (U.S.)
Green Park Brands (U.K.)
Eat Natural (U.K.)
PRIMAL SPIRIT FOODS INC. (U.S.)
LOUISVILLE VEGAN JERKY COMPANY (U.S.
Nestle S.A. (Switzerland)
Conagra Brands, Inc. (U.S.)
General Mills Inc. (U.S.)
Unilever (U.K.)
Outstanding Foods, Inc. (U.S.)
Vegan Rob’s (U.S.)
Amy’s Kitchen Inc, (U.S.)
Blue Diamond Growers (U.S.)
Eat Real (U.S.)
NutriFusion L.L.C (U.S.)
Greenleaf Foods SPC (U.S.)
MAJOR TOC OF THE REPORT: -
Chapter One: Introduction
Chapter Two: Market Analysis and Insights
Chapter Three: Market Dynamics
Chapter Four: Market Scope
Chapter Five: Market Regional Insights
Chapter Six: Competitive Landscape System Market
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