Increasing Awareness of Vegan Diet to Bolster the Growth of Global Plant-based Snacks Market

 Published Date: 2019-07-12   |   Views: 49   |  Food & Beverages  

QYR Consulting has once again come up with a new publication titled, “Global Plant-based Snacks Market Report, History and Forecast 2014-2025,” for the forecasted period of 6-years, i.e. between 2019 and 2025. According to this report, the global plant-based snacks market is anticipated to grow at a faster pace. An increasing awareness about vegan diet along with rising population of health conscious people across the globe are two important factors which are contributing in the growth of the global plant-based snacks market. Snacks with Plant-based elements consists of nutritional values and this is one of the significant reasons that the market is anticipated to grow remarkably in the years to come.  

Global Plant-based Snacks Market: Regional Analysis

According to this report it has been observed that the global plan-based snacks market is anticipated to grow rapidly in developed economies. Asia-pacific market for plant-based snacks is likely to grow significantly in the forecasted period. On the other hand Western Europe and North America are expected to dominate the plant-based snacks market throughout the projected period.

Global Plant-based Snacks Market: Drivers

Rising health consciousness, and increasing disposable income are some of the major factors which are predicted to fuel the growth of the global plant-based snacks market. The increasing adoption of vegetarian and vegan diet particularly in North America and Europe region is creating a positive impact on the growth of the global plant-based snacks market. Various health problems such as cardiovascular diseases, diabetes and obesity have impelled significant ratio of global population to improve their lifestyle by adopting flexitarian diet. This particular factor is boosting the growth of the plant-based snacks market. Food intolerance and allergies are some of the other elements that have compelled people to include plant-based meals which is ultimately propelling the growth of the global market.  

However, plant-based snacks have lesser shelf life as they do not contain any preservatives. This particular factor is likely to hamper the market growth.  Apart from this, the higher cost of plant-based snacks may create negative impact on the global market for plant-based snacks. 

Global Plant-based Snacks Market: Market Segmentation

On the basis of product type, the plant-based snacks market is segmented into fruit and nut snacks, meat alternative snacks, plant-based snack bar, cereal/grain-based snacks plant-based salted snacks and others. The plant-based snacks bar is likely to lead the market because of changing diet habits across the globe. Based on application, the market is segmented into online Retail, food service providers, small groceries, hypermarkets/supermarkets, specialty stores and convenience stores.     

Global Plant-based Snacks Market: Key Players

This report has given detail information about competitive landscape and also offers key recommendations to the market players to strategize their policies. Some of the key players operating in the market are Louisville Vegan Jerky Company, Maple Leaf Foods, The Unilever Group, General Mills, Eat Real, Nestle, Primal Spirit Foods, Green Park Snacks, Upton’s Naturals, Soul Sprout, Quorn, Louisville Vegan Jerky Company, Blue Diamond Growers, and Eat Natural.

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