Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.6 Billion | USD 19.6 Billion | 7.8% | 2022 |
FrequentlyAsked Questions
Plant-based snacks have huge demand in the food & beverage sector. Moreover, the escalating consumption of cereal snacks, nut-based snacks, plant-based snack bars, and fruits has proliferated the popularity of plant-based snacks in recent years. With growing consumer inclination towards healthy & natural diet, the market for plant-based snacks is anticipated to gain traction in the years ahead. In addition to this, plant-based snacks possess high nutritive value as it comprises minerals, proteins, and fibers.
The global plant-based snacks market is projected to expand over 2023-2030 due to a growing preference for vegan foods in European countries and North American countries will proliferate the size of the growth of the global market. In addition to this, plant-based snacks offer various benefits to the customers in the form of a sugar-free diet, high proteins, and low oil & fat contents.
According to study, the global plant-based snacks market size was $15.6 billion in 2022 and is projected to reach $19.6 billion by the end of 2030.
The global plant-based snacks market is anticipated to record a CAGR of nearly 7.8% from 2023 to 2030.
The Asia-Pacific plant-based snacks industry is set to register the fastest CAGR over the forecasting period subject to the massive demand for convenience diets from the working population in the countries such as India, Japan, China, Singapore, Taiwan, and Malaysia.
The global plant-based snacks market is led by industry players such as Unilever Group, Green Park Snacks, Nestle S.A., General Mills, Quorn, Conagra Brands Inc., Maple Leaf Foods, and Blue Diamonds Growers Inc.
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