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Vegan Snacks Market- Global Industry Size, Share, Trends, Opportunity, and Forecast 2017-2027 Segmented By Product Type (Nuts & Seeds, Bakery, Savory, Confectionery, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online, Others (Convenience Stores, Direct Sales, etc.)), By Region

March 2023 | 117 pages | ID: V3B440F729CAEN
TechSci Research

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The global vegan snacks market is anticipated to grow at an impressive CAGR during the forecast period. Due to the benefits of consuming vegan snacks, which include improved gut health, immune system support, and reduced inflammation, more consumers are incorporating vegan snacks into their snacking routines, assisting the market's expansion. Some businesses are aiming their products at people who want to switch to vegan diets to prevent cancer and cardiovascular disease. These assert to give such consumers more options, and by doing so, they seek to strengthen their overall position in the market for vegan snacks worldwide. The manufacturers are expected to launch a significant number of vegan snacks, which has opened lucrative growth opportunities for the sector. During the pandemic, there was a great demand for nutritious vegan snacks, which was advantageous for the industry. The healthcare professional advised daily intake of nutritious food to maintain the body's immunity during the COVID-19 pandemic. Additionally, the increase in snacking behaviors contributed positively to the market's expansion.

One of the main aspects influencing the appeal of vegan snacks is the convenience of consuming nutritious food. Furthermore, most newly released products regarded processing techniques that largely preserved their nutritional value. This is another encouraging development in the market for vegan snacks.

Launch Of New Products Propels the Market Growth

The significant number of people in rural areas who follow vegan, vegetarian, or flexitarian diets is a positive development for the promotion of vegan snacks. Manufacturers are releasing new, occasionally exotic flavors. One illustration is giving vegan snacks meat-like flavors. This has given the market's growth a significant boost. The demand for plant-based snacks has seen improved prospects in recent years as organic plant-based snacks have gained popularity in emerging markets like some developing economies in Asia. For instance, Healthline, a US-based company, offers vegan snacks which are made up of fruit and nut butter, with nutritional advantages While nut butter is rich in fiber and protein that can help one feel full and energized, fruits offer fiber, vitamins, and minerals. Bananas or apples with cashew, almond, or peanut butter are common pairings. Hence, this factor is anticipated to drive the growth of the vegan snacks market globally.

The Rising Popularity of Vegan Diets Propels the Market Growth

Vegan diets have become increasingly popular due to their use in nutritional interventions to treat chronic illnesses and cardiovascular diseases. A vegan diet comprises plants such as vegetables, grains, nuts, and fruits. Vegans abstain from eating foods derived from animals, such as dairy and eggs. The rising popularity of vegan diets fuels the growth of the vegan snacks market. Companies are launching and developing vegan snacks to attract consumers. For instance, in 2021, Dr. Gino Bortone, the creator of Cheetos Frito-Twisted Lay's Cheetos, announced a new cheesy vegan snack. Also, Protein Twists, a high-protein, cheesy snack, were introduced by the plant-based investment firm Eat Well Group into 300 Federated Co-Operatives expanded to other Co-Operatives, select retailers, and online sales.

Market Segmentation

The global vegan snacks market is segmented based on product type, distribution channel, region, and competitional landscape. Based on product type, the market is fragmented into Nuts & Seeds, Bakery, Savory, Confectionery, and Others). Based on distribution channel, the market is segmented into Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online, and Others (Convenience Stores, Direct Sales, etc.).

Company Profile

Amy's Kitchen, Danone S.A, The Archer Daniels Midland Company, Daiya Foods Inc., Tofutti Brands Inc., Eden Foods Inc., Sun Opta Inc., Hain Celestial Group Inc., Organic Valley Corporative, Green Pack Food Inc. are the major market players in the global platform that lead the market growth of the global vegan snacks market.

Report Scope:

In this report, the global vegan snacks market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • Vegan Snacks Market, By Product Type:
    • Nuts & Seeds
    • Bakery
    • Savory
    • Confectionery
    • Others
  • Vegan Snacks Market, By Distribution Channel:
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Specialty Stores
    • Online
    • Others
  • Vegan Snacks Market, By Region
  • North America
    • The United States
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Turkey
  • South America
    • Brazil
    • Argentina
    • Colombia
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global vegan snacks market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. IMPACT OF COVID-19 ON GLOBAL VEGAN SNACKS MARKET

5. VOICE OF CUSTOMER

5.1. Respondent Demographics
  5.1.1. By Age
  5.1.2. By Gender
  5.1.3. By Occupation
  5.1.4. By Income Group
5.2. Brand Awareness
5.3. Factors Influencing Purchase Decision
5.4. Challenges Faced During Post Purchase

6. GLOBAL VEGAN SNACKS MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Product Type (Nuts & Seeds, Bakery, Savory, Confectionery, and Others)
  6.2.2. By Distribution Channel (Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online, Others (Convenience Stores, Direct Sales, etc.))
  6.2.3. By Region
  6.2.4. By Company (2021)
6.3. Market Map (By Product Type, By Distribution Channel, By Region)

7. NORTH AMERICA VEGAN SNACKS MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Product Type
  7.2.2. By Distribution Channel
  7.2.3. By Country (United States; Canada; Mexico and Rest of North America)
7.3. North America: Country Analysis
  7.3.1. United States Vegan Snacks Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Product Type
      7.3.1.2.2. By Distribution Channel
  7.3.2. Canada Vegan Snacks Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Product Type
      7.3.2.2.2. By Distribution Channel
  7.3.3. Mexico Vegan Snacks Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Product Type
      7.3.3.2.2. By Distribution Channel

8. EUROPE VEGAN SNACKS MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Product Type
  8.2.2. By Distribution Channel
  8.2.3. By Country (France; Germany; UK; Italy; Spain and Rest of Europe)
8.3. Europe: Country Analysis
  8.3.1. France Vegan Snacks Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Product Type
      8.3.1.2.2. By Distribution Channel
  8.3.2. Germany Vegan Snacks Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Product Type
      8.3.2.2.2. By Distribution Channel
  8.3.3. United Kingdom Vegan Snacks Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Product Type
      8.3.3.2.2. By Distribution Channel
  8.3.4. Italy Vegan Snacks Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Product Type
      8.3.4.2.2. By Distribution Channel
  8.3.5. Spain Vegan Snacks Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Product Type
      8.3.5.2.2. By Distribution Channel

9. ASIA-PACIFIC VEGAN SNACKS MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Product Type
  9.2.2. By Distribution Channel
  9.2.3. By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)
9.3. Asia-Pacific: Country Analysis
  9.3.1. China Vegan Snacks Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Product Type
      9.3.1.2.2. By Distribution Channel
  9.3.2. India Vegan Snacks Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Product Type
      9.3.2.2.2. By Distribution Channel
  9.3.3. Japan Vegan Snacks Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Product Type
      9.3.3.2.2. By Distribution Channel
  9.3.4. South Korea Vegan Snacks Market Outlook
    9.3.4.1. Market Size & Forecast
      9.3.4.1.1. By Value
    9.3.4.2. Market Share & Forecast
      9.3.4.2.1. By Product Type
      9.3.4.2.2. By Distribution Channel
  9.3.5. Australia Vegan Snacks Market Outlook
    9.3.5.1. Market Size & Forecast
      9.3.5.1.1. By Value
    9.3.5.2. Market Share & Forecast
      9.3.5.2.1. By Product Type
      9.3.5.2.2. By Distribution Channel

10. MIDDLE EAST AND AFRICA VEGAN SNACKS MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Product Type
  10.2.2. By Distribution Channel
  10.2.3. By Country (South Africa; Saudi Arabia; UAE and Turkey, and Rest of Middle East & Africa)
10.3. MEA: Country Analysis
  10.3.1. South Africa Vegan Snacks Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Product Type
      10.3.1.2.2. By Distribution Channel
  10.3.2. Saudi Arabia Vegan Snacks Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Product Type
      10.3.2.2.2. By Distribution Channel
  10.3.3. UAE Vegan Snacks Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Product Type
      10.3.3.2.2. By Distribution Channel
  10.3.4. Turkey Vegan Snacks Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Product Type
      10.3.4.2.2. By Distribution Channel

11. SOUTH AMERICA VEGAN SNACKS MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value
11.2. Market Share & Forecast
  11.2.1. By Product Type
  11.2.2. By Distribution Channel
  11.2.3. By Country (Brazil; Argentina; Colombia; and Rest of South America)
11.3. South America: Country Analysis
  11.3.1. Brazil Vegan Snacks Market Outlook
    11.3.1.1. Market Size & Forecast
      11.3.1.1.1. By Value
    11.3.1.2. Market Share & Forecast
      11.3.1.2.1. By Product Type
      11.3.1.2.2. By Distribution Channel
  11.3.2. Argentina Vegan Snacks Market Outlook
    11.3.2.1. Market Size & Forecast
      11.3.2.1.1. By Value
    11.3.2.2. Market Share & Forecast
      11.3.2.2.1. By Product Type
      11.3.2.2.2. By Distribution Channel
  11.3.3. Colombia Vegan Snacks Market Outlook
    11.3.3.1. Market Size & Forecast
      11.3.3.1.1. By Value
    11.3.3.2. Market Share & Forecast
      11.3.3.2.1. By Product Type
      11.3.3.2.2. By Distribution Channel

12. SWOT ANALYSIS

13. SUPPLY CHAIN ANALYSIS

14. MARKET DYNAMICS

14.1. Drivers
14.2. Challenges

15. MARKET TRENDS & DEVELOPMENTS

16. COMPETITIVE LANDSCAPE

16.1. Company Profiles
  16.1.1. Amy's Kitchen
  16.1.2. Danone S.A
  16.1.3. The Archer Daniels Midland Company
  16.1.4. Daiya Foods Inc.
  16.1.5. Tofutti Brands Inc.
  16.1.6. Eden Foods Inc.
  16.1.7. Sun Opta Inc.
  16.1.8. Hain Celestial Group Inc.
  16.1.9. Organic Valley Corporative
  16.1.10. Green Pack Food Inc.

17. STRATEGIC RECOMMENDATIONS

18. ABOUT US & DISCLAIMER


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