Hey, get ready for some serious growth in the world of vegan snacks! We're talking a pretty awesome CAGR over the next few years. Why? Well, people are realizing that vegan snacks can be good for you, helping with your gut, boosting your immune system, and even fighting inflammation. More and more folks are making them a part of their daily snacking routine. Plus, some companies are really going after the health-conscious crowd – you know, people looking to reduce their risk of cancer and heart disease by going vegan. They're offering up more choices and trying to become the go-to brand for vegan snacks worldwide. And with manufacturers expected to release a ton of new vegan goodies, things are looking pretty sweet for the sector. Even during the pandemic, the demand for healthy vegan snacks went through the roof, which was a big win for the industry. Remember when healthcare pros were telling everyone to eat nutritious foods to stay healthy during COVID-19? That definitely helped! And let's be honest, we were all snacking a little more anyway, which also gave the market a nice little boost. Thinking about making the switch? Check out some delicious vegan snack options!
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
It's great to see so many people in rural areas embracing vegan, vegetarian, or even just flexitarian diets! This is fantastic news for anyone making vegan snacks. We're seeing tons of cool, sometimes even wild, new flavors popping up. Some companies are even creating vegan snacks with meat-like flavors. This has really given the market a boost. And with organic plant-based snacks becoming more popular, especially in developing economies in Asia, the future looks bright for plant-based snacking. Take Healthline, for example, a US-based company that offers awesome vegan snacks made with fruit and nut butter, packing a nutritional punch. Nut butter is full of fiber and protein to keep you full and energized, while fruits provide fiber, vitamins, and minerals. Think bananas or apples paired with cashew, almond, or peanut butter – yum! All this is expected to keep the vegan snacks market growing worldwide.
The Rising Popularity of Vegan Diets Propels the Market Growth
So, vegan diets are really taking off, especially because people are using them to help manage things like heart problems and other long-term illnesses. Basically, it's all about eating plants – veggies, grains, nuts, and fruits – and skipping anything that comes from animals, like dairy and eggs. And because more people are going vegan, the market for vegan snacks is booming! Companies are rushing to create tasty new options to grab our attention. For example, back in 2021, the guy who invented Cheetos and Fritos, Dr. Gino Bortone, unveiled a brand-new cheesy vegan snack. Plus, Protein Twists, a cheesy snack packed with protein, were launched by Eat Well Group (a plant-based investment company) in 300 Federated Co-Operatives and then spread to other Co-Ops, select stores, and online.
Market Segmentation
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
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Product typeDistribution ChannelRegionCompany |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
| Country Scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia, South Africa; Saudi Arabia; UAE, Turkey, Brazil; Argentina; Colombia |
| Key Companies Profiled | 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., etc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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
- 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
