Market Outlook

Global Meat Substitute’s Market size can balloon to USD 9.25 Bn by 2023. Inclination of consumers towards plant alternatives to animal protein is the major driver of the market. Advocation of veganism by consumers as well as the production of plant meats by food manufacturers is expected to bode well for the market from 2018 to 2023 (forecast period).

New product launches and extended offerings by meat analogue manufacturers to reach a wide consumer base is expected to spur the market growth. Rising sentiment and sympathy towards animals and increasing activism is predicted to work favorably for the meat substitutes market. 

However, the high price of vegan foods compared to other foods can impede the market.

Competitive Outlook

Sunfed, Ltd., AMY’s Kitchen, Inc., Beyond Meat, Quorn Foods, Inc, VBites Foods, Ltd., Blue Chip Group, Garden Protein International, Inc., Schouten Europe B.V., MorningStar Farms L.C., and others are some of the major players in the Meat Substitutes Market. Collaborations, mergers, and new product launches engulf the market landscape.

Segment Analysis

Global Meat Substitutes Market Analysis is segmented by product type, source, category, and distribution channel.

By type, it is segmented into tofu & tofu products, tempeh, textured vegetable protein (TVP), seitan, quorn, other soy-based products, and other meat substitute products. The textured vegetable protein segment was the largest in 2017 and will retain its top position in the coming years. Its derivation from soy combined with its popularity among vegans can drive the segment growth. On the other hand, seitan is presumed to exhibit 6.87% CAGR during the forecast period.

By source, it is segmented into mycoprotein, wheat, soy, and others. The soy segment is anticipated to grow at a robust rate during the forecast timespan. Health benefits such as reduction of obesity due to consumption and application in snacks are likely to boost the segment valuation.

By category, it is segmented into ambient, refrigerated, and frozen. The frozen segment holds close to 50% market share and will continue to dominate till the end of the forecast period. This can be attributed to the availability of frozen vegan products. On the flip side, the refrigerated segment can showcase the fastest growth rate till 2023 due to new launches by companies.

By distribution channel, it is segmented into store-based and non-store based. The store-based channel holds a share above 70% currently. This can be attributed to retail stores and hypermarket chains keeping vegan products in stock for customers. On the other hand, the non-store-based segment can showcase 7.36% CAGR till 2023 due to convenience offered by ecommerce stores.

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Regional Analysis

Asia Pacific (APAC), Latin America, the Middle East & Africa (MEA), North America, and Europe are regions covered in the global meat substitute’s market report.

North America and Europe are major regions of the global market. The former can contribute to market revenue by offering a plethora of meat substitutes and the decision of consumers to shift to veganism to reduce obesity levels. Awareness created via advertisements and posters can induce market demand in the region. The latter can exhibit a strong growth rate due to rise of veganism and large consumer population aware of meat substitutes.

On the other hand, the APAC region can display 7% CAGR during the assessment period due to a large vegetarian population, rise in purchasing power, and urbanization.

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Market Overview

Ice-cream is a frozen-food, sweet in flavour and is enjoyed as a dessert all over the globe. It contains dairy and non-dairy ingredients. The ice cream industry has developed on the basis of supply of ingredients in reasonable rates. Ice cream is recommended as an effective delivery medium for probiotic organisms. It is valuable for its high-quality protein and easily assimilated calcium.  Ice-cream comes in variety of flavours in which fruits, nuts and other ingredients can be added to enhance the nutritional value and organoleptic property of the product. It is stored in the freezing- temperature and contains mild preservatives. Ice-cream is considered as a dairy product as milk remains the key ingredient of the product. In today’s scenario, ice-cream as a specialty diet is becoming popular amongst the consumers.

Improving economic conditions, population growth of various economies of the regions is the major driver for the growth of ice-cream market. The increased demand for frozen desserts in the developed countries is supporting the sale of ice-creams in those regions. The developing technologies have helped in enhancing and innovating new flavours in the ice-creams which have also helped in fuelling up the market share of the product. Overall, the popularity of ice-cream is rising based on the above factors.

Key Players

Identified and profiled in the MRFR Analysis some of the key players profiled in the Ice-Cream Market Sizeare Blue Bell Creameries (U.S.), Nestlé S.A. (Switzerland), Unilever (U.K.), General Mills, Inc. (U.S.), Mars, Incorporated (U.S.), AMUL (India), LOTTE Confectionery (South Korea), Amy’s Ice Creams (U.S.)

Brands adoption of innovation is the key trend with which the Key Players allure their consumers.  Offering better and unique taste variants is matched by the rising aspirations of consumers and their willingness to pay a premium. Nestlé’s MOVENPICK offers tropical fruit sorbets and sorbet-and-ice-cream combinations while AMUL has a wide range of mid-market and premium products and has recently introduced the super-premium Crème Rich.

The global Ice creams market is well-established.   Matured major players with the presence in the international and regional market; illustrate the market of ice-creams as highly competitive and fragmented. Top players compete upon innovation, quality, cost, and financial stability. To maintain their market position and to drive the market players are focusing upon developing their product portfolio with the help of advance technologies. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.

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Market Segments

Ice-cream Product Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product-form: Comprises sticks, buckets, sundae, cones, floats and others.

Segmentation by Flavors: Comprises chocolate, vanilla, strawberry, butter pecan, cookies and cream and others.

Segmentation by Specialty-diet: Comprises reduced-fat, no-added sugar, gluten-free, lactose-free and others.

Segmentation by distribution channel: Comprises hypermarket and supermarket, convenience stores, retailers, specialty stores and others.

Segmentation On the basis of Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

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Market Overview

Growing health consciousness among the global populace is majorly driving the global protein bars market. Protein bars are perceived to be a healthy food item among consumers. Moreover, increasing demand for convenience food has induced greater demand within the market. Due to fast-paced lifestyle, millennial and the working population highly prefer on-the-go food products such as protein bars which can also be an alternative to breakfast. Protein bars have attracted the attention of athletes and weight watchers as a post workout food. 

A high number of the world’s populace is lactose intolerant or allergic to milk protein. Against the backdrop of increasing incidence rate of lactose intolerance and celiac diseases, plant-sourced protein has gained massive popularity. This has urged food manufacturers to introduce plant-based, dairy free protein bars which can cater to a broader consumer base.   Availability in various flavors, tastes, serving size and variants is a key factor driving growth within the market. Easy accessibility through supermarkets, hypermarkets, and retail stores and are marketed rigorously by a multitude of brands. 

Competitive Landscape

Atkins Nutritionals, Inc. (U.S.), Lenny & Larry’s Incorporated (U.S.), Caveman Foods LLC (U.S.), Premier Nutrition (U.S.), Quest Nutrition (U.S.), Clif Bar & Company. (U.S.), General Mills Inc. (U.S.), Abbott Nutrition Manufacturing Inc. (U.S.), Mars Incorporated (U.S.), and Kellogg Co. (U.S.) are the key players in the Global Protein Bars Market.

Segmentation

Global Protein Bars Market Analysis has been segmented based on type, flavor, and distribution channel.

By type, the global protein bars market has been segmented into plant protein and animal protein. The plant protein segment is estimated to showcase rapid growth over the forecast period due to increasing demand for plant-based, gluten-free protein source to cater to the dietary needs of celiac patients. 

By flavor, the global protein bars market has been segmented into chocolates, fruits, peanut butter, savory, spices, and others. The chocolate segment is dominating the market while the fruits and peanut butter segments are likely to showcase substantial growth over the forecast period. 

By distribution channel, the global protein bars market has been segmented into store based and non-store based. Protein bars are majorly sold through store-based distribution channel, especially wholesale and retail stores. 

Regional Analysis

By region, the global protein bars market has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

North America has commanded the topmost position in the global protein bars market. Majority of the market players are based in the US which coupled with high demand for convenience food in the region is fostering the growth of the North America market. 

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North America is followed by Europe. Growing number of health-conscious population and higher affinity for functional food items are boosting the growth of the Europe market. 

APAC is poised to showcase relatively faster growth rate as compared to other regional markets. Emerging trend of health & fitness and market players increasing their foothold in the region are factors supporting the growth of the market. China, Japan, and Australia are the key contributors to the APAC market. 

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Market Overview

Global Tree Nuts Market is expected to rise to a volume of 15,856.49 kilotons by 2024, exhibiting a solid 3.46% CAGR over the forecast period from 2016 to 2024. The global tree nuts market is driven mainly by the growing awareness about the health benefits of tree nuts and the growing use of tree nuts in direct consumption as well as other culinary uses. This information comes from a new research report published by Market Research Future (MRFR). 

Global Tree Nuts Market is mainly driven by the growing awareness about the health benefits of eating tree nuts. Tree nuts contain high amounts of vital nutrients such as vitamin E and B as well as minerals such as zinc, magnesium, manganese, and iron in large amounts, making them highly popular among the fitness-conscious. The relative absence of sugars in tree nuts also makes them safe for diabetics, which is another key aspect of the growing demand from the tree nuts market over the forecast period. Increasing demand for tree nuts for direct consumption is likely to be a major aspect of the global tree nuts market’s growth over the forecast period. 

Competitive Analysis

Leading players in the Global Tree Nuts Market Analysis include Golden Peanut Company LLC, Diamond Foods Inc., Blue Diamond Growers, Waterford Nut Co. Inc., Select Harvests Ltd., Mariani Nut Company, and Olam International Ltd.

Segmentation

Global Tree Nuts Market is segmented on the basis of type, form, application, and region.

By type, the global tree nuts market is segmented into cashews, almonds, walnuts, pistachios, brazil nuts, hazelnuts, chestnuts, and others. Cashews are likely to witness an exponential growth in demand over the forecast period, with the segment expected to exhibit a robust 5.52% CAGR over the forecast period from 2016 to 2024. The cashews segment held close to 30% of the global tree nuts market in 2015 and is likely to remain similarly dominant in the market over the forecast period due to the widespread popularity of cashew nuts for direct consumption as well as for use in other recipes and bakery products. 

By form, the global tree nuts market is segmented into whole nuts, roasted nuts, powder, splits, and others. The whole nuts segment is expected to exhibit a CAGR of 3.56% over the forecast period, reaching a market volume of 8,383 kilotons by 2024. The rising consumer preference for whole nuts is likely to remain the major driver for the whole form segment over the forecast period, as direct consumption of fresh as well as salted tree nuts such as cashews is highly popular in regions around the world. 

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By application, the global tree nuts market is segmented into direct/culinary consumption, bakery and confectionery products, snacks, breakfast cereals, butter and spreads, flavoured drinks, dairy products, and others. The bakery and confectionery products segment dominated the global tree nuts market in 2016 and is likely to remain the dominant revenue generator over the forecast period, although the direct consumption and flavoured drinks segments are also expected to exhibit solid CAGRs of 3.83% and 3.96%, respectively, over the forecast period. 

Regional Analysis

Global Tree Nuts Market is segmented by Region into North America, South America, Europe, Asia Pacific, and rest of the world. 

Asia Pacific is expected to retain the dominant share in the global tree nuts market over the forecast period, having accounted for more than 55% of the market in 2015. The regional segment is expected to reach a volume of more than 8,000 kilotons over the forecast period at a CAGR of 3.45%. The widespread popularity of tree nuts in Asia Pacific due to the widespread awareness about their health benefits and its widespread use in culinary preparations in the region is likely to remain the major driver for the tree nuts market in Asia Pacific over the Forecast Period.

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Market Overview

A2 milk is fetched from cows, and it contains A2 beta-casein protein. The increasing awareness about the benefits of the protein content is likely to increase the demand for the milk in the foreseeable future. Market Research Future (MRFR) has unfolded in its latest report that the global A2 milk market is prognosticated to scale a valuation of USD 13,970.0 Mn by 2025 reflecting a CAGR of 14.6% over the projection period 2018 to 2025.

A2 milk lacks A1 beta-casein protein, which causes stomach ache and gastrointestinal problems. This, in turn, is anticipated to catalyse the revenue generation of A2 Milk Market Analysis over the next couple of years. Also, the focus of dairy farms on increasing production of A2 milk is expected to unleash developmental opportunities to the market in the forthcoming years. 

Industry Trends

They ongoing key trends that are expected to boost the revenue growth of the players of the global A2 milk market are product launches, expansion of distribution channels, penetration of regional markets, packaging innovations, etc. To illustrate, In October 2018, Nestlé S.A., a Swiss multinational food and drink processing conglomerate, announced its plan of launching A2 beta-casein protein infant formula in New Zealand and Australia to compete with first mover A2 milk. 

Key Players

Nestlé S.A. (Switzerland), Olitia Foods Pvt. Ltd (India), Provilac Dairy Farms Pvt. Ltd (India), The a2 Milk Company Limited (New Zealand), Freedom Foods Group Limited (Australia), Gujarat Cooperative Milk Marketing Federation Ltd (India), Vinamilk (Vietnam), Ripley Farms LLC (US), Taw River Dairy (UK) and Urban Farms Milk (India).

Market Segmentation

Global A2 Milk Market has been segmented on the basis of category for presenting an in-depth analysis. The segments include jersey, Holstein, Guernsey, and brown swiss. Among these, the Holstein segment is leading the growth pace of the market and accounts for the highest milk production in the world. The segment is expected to touch a valuation of USD 3,948.6 Mn by 2023, reflecting a relatively higher ACGR over the evaluation period. The jersey segment is expected to gain traction of the market in the years to come. The segment is projected to grow substantially in regions that focus on the production of butter. Some of the prime country-level markets for the jersey segment are Denmark and New Zealand.

The segments of the A2 milk market, on the basis of packaging type, include bottles, cartons, and others.

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The two distribution channels of the global A2 milk market assessed in this report are store-based and non-store-based.

Regional Analysis                                                                                                   

The geographical study of the global A2 milk market spans across four key regions, namely North America, Asia Pacific, Europe, and the Rest of the World (RoW). Asia Pacific held the lion’s share of the global market in 2017, which accounted for 40.88% share. The region is led by the drastic developments in the country-level markets of New Zealand and Australia. The growth of the A2 milk market in these countries is expected to contribute most prominently to the development of the market in Asia Pacific over the next couple of years. Meanwhile, the market in India is also expected to exhibit tremendous potential for growth. India is projected to scale a relatively higher CAGR of 15.3% across the forecast period 2018 to 2025. 

North America is anticipated to expand at a remarkable pace to exceed a valuation of USD 4,000 Mn by 2025. A considerable fraction of the dairy farms are shifting to cattle breeds such as Guernsey and Jersey for increasing production of A2 milk. This, in turn, is anticipated to accelerate revenue creation for market players in the upcoming years.  In addition, the efforts directed towards the expansion of distribution channels by these dairy farms are poised to impact the A2 milk market favorably in the years to come.

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Market Overview

Planning a proper meal and preparing it accordingly is now mostly a weekend job. Changing lifestyle has impacted the food habit of people so much that traditional culinary skills are often a far-fetched attempt. Living up to the speed of the urbanization and industrialization has opened up a space for foods that can be made instantly. The table is all set for instant noodles for quite some time now to grab on and make an upheaving move in the market. 

The impact of instant noodles is expected to be a long lasting one as it abides by the demands of consumers for food with nutritional value, variety, and product appeal. These products are also getting accolades as they save time when most consider cooking as a cumbersome chore.

However, instant noodles market can face a few setbacks as well. Excessive use of artificial color, preservatives, and flavourings to increase the shelf life may halt the growth rate. Governments are also taking proper measures to check the quality standard to ensure public health. But people’s growing affinity for the product can assist the market to bypass hurdles by investing substantially in research and developments to improve standards.     

Market Dashboard

The highly competitive market banks mainly on innovative flavors and the densely packed market are experiencing a constant influx of new flavours. 

The key players profiled in the Instant Noodles Market Analysis are Nestle SA (Switzerland), Ajinomoto Co., Inc. (Japan) and The Unilever Group (Pot Noodles) (U.K.), Campbell Soup Company (U.S.), Nissin Foods Co., Ltd (Hong Kong), Capital Foods Limited (India), ITC Limited (India) and others.

Industry Trends

The industry is witnessing a constant evolution in taste with market leaders bringing in a variety of instant noodles with delectable tastes to beat their competitors. For instance, CARJEN’S NYONYA Curry LAKSA comes with a nice blend of coconut milk powder and the dipping sauce has a tang of spicy shrimp is ensuring a big market pull. Another brand, Mom’s Dry Noodles introduced a new Flavor that has a blend of chili oil, sesame paste, soy sauce and a dry combo of Sichuan peppercorn hulls and garlic. 

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Segmentation

Global Instant Noodles Market can be segmented by packaging type, broth, and distribution channel. 

Based on packaging type, the market can be segmented into packets, cups, and others. Packets are enlisting huge growth since the beginning. However, the last few years have seen cup noodles picking up the pace and expected to grow at a much higher rate during the foreseeable future. 

Broth-based segmentation includes sea-food, chicken, vegetable, and others. Vegetable is the highest grossing segment.

On the basis of distribution channel, the market is segmented into store-based and non-store based. 

Regional Analysis

The market span of instant noodles can be segmented regionally into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The APAC region is holding the maximum share as most of the renowned brands are from this region only. A growth rate of 5.02% during this period seems achievable for the region. Emerging economies such as China, India, Japan and other countries of the region are expected to boost the growth rate. Europe will also chart an inspiring growth rate. Latin America is also likely to project steady growth as the booming region is showing an inclination towards consumption of such foods.

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Market Analysis

Global Potato Chips Market is witnessing a boom fueled by the changes in food patterns of the masses. Potato chips is one of the most easily available snacks in the market that appeals to consumers belonging to all age groups. Although the market has already penetrated the target segment, it is anticipated to attract a larger consumer base in the years to come. Also, the rising demand for convenience food in conjunction with a sedentary lifestyle is expected to augment the potato chips market over the next couple of years.

Flavor innovation is one of the key areas of focus for the market players. In order to capitalize on the market growth, the industry leaders are emphasizing on the introduction of new flavors to satiate the taste buds of the consumers and gain an edge over competitors. In addition, the emphasis is also placed on the packaging of the product. Investments are projected to increase in packaging for attracting the consumers. It is expected to have a positive influence on the revenue acceleration of the market participants over the next few years. 

Competitive Dashboard

The prominent players studies in this MRFR report on Potato Chips Market Size are PepsiCo, Inc. (U.S.)., Diamond Foods, Inc. (U.S.), CALBEE, Inc. (Japan), Herr Foods Inc. (U.S.), Intersnack Group (Germany), Lorenz Bahlsen Snack-World Group (Germany), and Snyder’s-Lance (U.S.)

Industry News

In April 2019, Vlasic, an American brand for pickles, has announced the launch of a range of snacks including pickle flavored potato chips to Bigs Vlasic Dill Sunflower Seeds.

In March 2019, PrimoHoagies, a United States east coast-based, fast casual restaurant chain, revealed its plan of introducing Italian hoagie-flavored, potato chips by the end of this year.

In January 2019, Potato supplier Albert Bartlett has announced the launch of its branded chilled Rooster Homestyle Chips at UK retailer Sainsbury.

Market Segmentation

By flavor, the global potato chips market has been segmented into salt & pepper, barbecue, cheddar & sour cream, classic potato chips, cheese & onion, spicy jalapeno, and others. Among these, the salt & pepper segment is expected to maintain its dominant position over the assessment period. 

By product type, the potato chips market has been segmented into salted, chili, plain, flavored, and others. The salted and chili segments are expected to dominate the growth trajectory of the market in Asia Pacific over the next couple of years.

By specialty food type, the global potato chips market has been segmented into gluten-free, GMO- free, vegetarian, kosher, organic, and others. 

By distribution channel, the potato chips market has been segmented into supermarket/hypermarket, convenience store, e-commerce, and others.

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Regional Analysis

Global Potato Chips Market by Region, has been segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America is presently holding the maximum share of the market and is projected to retain its prominence over the assessment period. The efforts directed towards the production oh healthier potato chips are anticipated to augment the regional market in the upcoming years. Asia Pacific is poised to hold the second spot and maintain it through the forecast period. Increasing population in conjunction with rising purchasing power is expected to have a favourable impact on the growth of the potato chips market in the region.

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Market Analysis

Global Organic Energy Bar Market is set to grow at a stable 6.1% CAGR over the 2017-2023 forecast period, according to a new report from Market Research Future (MRFR). The global organic energy bar market is mainly driven by the growing demand for healthy foods among the urban demographic, which plays a key role in the growth of the market for snack items such as energy bars. Growing awareness about the health contribution of dietary items is likely to play a leading role in driving the global organic energy bar market over the forecast period.

The urban population in developed regions such as North America has become a major driver for the market for energy bars, snack bars, and other such items, as these items offer a convenient and fulfilling snack option for busy urban customers. As urban users often find it hard to make time to prepare meals in the traditional manner, the demand for snack items that don’t overload the blood sugar content and also provide nutritional content is growing rapidly. This is likely to remain a major driver for the global organic energy bar market over the forecast period. 

The increasingly favourable social perception of organic foods is likely to be a major driver for the global organic energy bar market over the forecast period. While organic foods present no notable improvements in nutritional content and studies have shown that organic farming is not notably better for the environment than conventional farming, the popularity of organically grown produce has grown, especially among high-income demographics who are increasingly preferring foods with an organic label. 

In March 2019, Clif Bar used the popular appeal of organic produce to challenge its competitor, Kind Healthy Snacks, to include organic products in its snacks. While Clif Bar has incorporated organic foods into its products, Kind Healthy Snacks doesn’t currently offer organic products. This sparked a social media feud between the two companies, showing the commercial importance of the popular appeal of organic foods. 

Competitive Analysis

Leading players in the Global Organic Energy Bar Market Size include Clif Bar & Company, Kellogg Company, Quest Nutrition LLC, Quaker Oats Company, McKee Foods Corporation, Atkins Nutritionals Inc., and General Mills Inc. 

Product innovation to produce multiple flavours and compositions energy bars is likely to be a key strategy for players in the global organic energy bar market over the forecast period, as there is not much scope for price-based competition in the market. The increasing consumer demographic with gluten intolerance could also play a key role in the growth of the global organic energy bar market over the forecast period, as companies catering to this demographic stands to steal a march on its competitors and make significant profits. 

Segmentation

Global Organic Energy Bar Market has been segmented on the basis of ingredient into fruits, cereals, nuts and seeds, sweeteners, and others. The cereal segment dominates the global organic energy bar market at present. However, fruits are likely to rise in popularity in organic energy bars over the forecast period due to the increasing demand for fruit-based energy bars and the presence of simple sugars in fruits, which allows for smooth digestion and absorption into the body. 

The organic energy bar market is segmented on the basis of certification into 95% certified and 100% certified.

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The organic energy bar market has been segmented on the basis of distribution channel into store-based and non-store based. Store-based distribution is likely to dominate the global organic energy bar market over the forecast period due to the ease of storing organic energy bars in modern urban shopping centres. The store-based distribution channel segment has been further sub-segmented into supermarkets and hypermarkets, convenience stores, specialist retailers, and others.

Regional Analysis

North America is likely to dominate the global organic energy bar market over the forecast period, followed by Europe, due to the growing demand for organic food in North America. Europe is also a major consumer of organic products and is likely to retain a major share in the global organic energy bar market over the forecast period. Asia Pacific is likely to exhibit the highest growth rate over the forecast period due to the growing demand for organic energy bars, which remain a novelty in many parts of the region. China is likely to dominate the Asia Pacific market over the forecast period.

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Market Overview

Global Savory Snacks Market is stemmed from changing food consumption patterns, growing popularity of convenience food items, and rise in disposable income. 

The consolidating trend of healthy snacking has compelled food manufacturers to turn to healthier snack manufacturing. With a substantial base of global population embracing heather diet options, manufacturers are increasingly innovating healthy snacks. Baked savory items have gained massive popularity and new product launches are estimated to influence the growth of the market. 

The prolific growth of the retail industry has been a key factor influencing the growth of the savory snacks market. The retail industry is shifting to lager formats such as supermarkets and hypermarkets. These places accommodate a variety of snacks of varying range and types. Moreover, attractive discounts offered by these stores encourage consumers to purchase larger quantities of savory snacks, which in turn, is propelling the growth of the market. The rise in disposable income, especially in the developing countries of APAC has also stimulated the growth of the market. Rapid urbanization and growth in the number of retail outlets have also resulted in accelerated sales. 

Competitive Landscape

Kellogg Company (U.S.), CALBEE, Inc. (Japan), Lorenz Bahlsen Snack-World Group (Germany), Diamond Foods, Inc. (U.S.), General Mills, Inc. (U.S.), ConAgra Foods, Inc. (U.S.), Kraft Foods Group, Inc. (U.S.), PepsiCo (U.S.), Orkla ASA (Norway), and Intersnack Group GmbH & Co. KG (Germany) are  the notable players in the Global Savory Snacks Market. 

Segmentation

Global Savory Snacks Market Size has been segmented based on type and distribution channel.

By type, the savory snacks market has been segmented into potato chips, processed snacks, popcorn, nuts and others. The potato chips segment is dominating the market. Potato chips is highly preferred among consumers due to its taste, low price, and easy availability. Moreover, any flavor or spices can be added to potato chips without ruining its taste. The processed snacks segment is anticipated to capture the highest CAGR over the forecast period due to shifting consumer preferences. 

By distribution channel, the savory snacks market has been segmented into store-based and non-store based. The store-based segment is dominating the market as it provides convenience and one-stop shopping experience. Changing global scenario and rapid technology adoption is anticipated to spur the sales of savory snacks through e-commerce platforms. 

Regional Analysis

Region-wise, the savory snacks market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC). 

North America is the largest savory snack market followed by Europe. Various multinational food corporations are based in the US, which gives the region unprecedented leverage over others. Given the high disposable income of consumers in the region, the savory snacks market bodes well in the region. Moreover, the presence of consumers who are inclined towards on-the-go and convenience food items has been beneficial for the growth of the market. Product innovation by market players to survive the tide of growing health consciousness is also expected to support the growth of the market in coming years. 

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Europe too accounts for an advantageous share of the global savory snacks market. Expanding bakery industry and rise in disposable income is aiding the growth of the market. Europe too has a substantial presence of leading market players in Germany and Norway. 

The APAC Savory Snacks Market is likely to exhibit the highest CAGR over the forecast period. Burgeoning population growth, rise in disposable income, and surging demand for convenience food are factors supporting the growth of the market. Moreover, a number of small market players have cropped up in the region, which acts as an advantage for the market. Surging sales of savory snacks through e-commerce portals is also a key factor enhancing the market growth. 

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Market Overview

The significant factor driving the growth of the Organic Sugar Market Size is the increasing demand of ready to eat foods, both in the developed and developing economies. Sugarcane crop is increasingly sprayed with harmful pesticides and chemicals during growing stage to protect crops from various pests and weeds. These pesticides can cause severe health issues among consumers. However, organic farming of sugarcane eliminates the risk of harmful pesticides. Hence, lack in use of pesticides is another key factor spiking the demand for organic sugar. Organic sugar retains various nutrients which otherwise are lost during over-processing of conventional sugar. The organic unrefined sugar contains 17 amino acids, 11 minerals (such as sodium, magnesium, and calcium) and many different vitamins. It retains its fructose and glucose along with sucrose, while the processed sugar only contains sucrose and glucose. Therefore, this factor is playing a key role to drive sales of organic sugar.

The market players have increased their level of investment in research to identify right formulation and to improve product functionality to capture lion’s share and create brand recognition in organic sugar market. Also, government authorities, NGOs, and farmer organizations in developing countries are promoting organic farming by providing financial support, market information and trends in organic foods market. Developing countries are providing subsidies to small farmers to promote organic farming. NGOs, farmer organizations, traders are conducting training programs to encourage farmers to adopt organic farming. Government and non-government organizations such as FiBL (Switzerland), APEDA (India), and USDA (U.S.) support conventional farmers to switch to organic farming. All these efforts from government and NGOs are supporting the use of organic sugar.

Competitive Analysis

Key manufacturers are focusing to enhance its brand name by arranging various promotional activities. The company has participated in various social media promotions, events, and interaction with the consumers. The manufacturers have demonstrated their new product offerings to attract the new customers. By this strategy, the product of the company will be popular among the consumers which will aid to increase the overall profitability of the company. Moreover, the key players are emphasizing in the research & development process to introduce new product also to extend the product line. Key players are introducing various new products to increase the volume sales and also to increase the overall revenue of the company.

The key players profiled in Organic Sugar Market Sizeare Cosan Ltd. (Brazil), Tereos Internacional (Brazil), Shree Renuka Sugars Limited (India), Raizen S.A (Brazil), Dwarikesh Sugar Industries Limited (India), Mitr Phol Group (Thailand), Wangkanai Group (Thailand), and Bunge Limited (Brazil) among many others.

Market Segments

Global Organic Sugar Market has been divided into application, and region

Based on Application: Food & Beverages, Pharma and personal care, Others

Based on Region: Latin America, Asia Pacific, and Rest of the World

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Regional Analysis

Global Organic Sugar Market is segmented into Latin America, APAC, and Rest of the World (RoW). Latin America is estimated to retain its dominance throughout the forecast period of 2017-2024. Among the Latin American countries, Brazil is accounting for major market share due to the high production of organic sugar. Paraguay is also holding 30% of the market proportion in the Latin America organic sugar market. Also, Paraguay exports the maximum production to USA. Asia Pacific region is also accounting for significant market share in the global organic sugar market in the year of 2017 and it is expected to witness massive growth during the forecast period. Among the Asia Pacific, Thailand is one of the attractive destinations among the organic sugar manufacturers. Apart from that, Colombia, and Ecuador collectively account for 80% of the market share in the Rest of the World.

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