Organic Savory Snacks Industry is Expected to Grow at a CAGR 3.5% during the period 2017-2023

Pune India - August 7, 2017 /MarketersMedia/ —

Global Organic Savory Snacks Market Information- By Processing Method (Baked, Fried, Roasted, Dehydrated, Others), By Product-Type (Chips, Crackers, Nachos, Popcorn, Dried and Crip Vegetables, Dried and Fried Edible Nuts, Others), By Ingredient (Potato, Corn, Grains, Vegetables, Edible Nuts, Others) By Flavor (Salted, Spicy, Herbs, Cheese, Tomato, Others) and By Region Forecast to 2023
The increasing sale of organic savory snacks is driven by changing consumer’s preference and adoption of chemical-free food consumption trend. Convenience food based property of organic savory snacks is increasing its sale in the market as a potential healthy snacks option. The health benefits obtained from organic savory snacks backed up by its high anti-oxidant content is also supporting its sale amongst the consumers. Increasing consumption of natural food products has a positive impact on the organic savory snacks market. The consumption of organic savory snacks is found to be high in and North America and is evaluated to increase at a positive growth rate in various countries of Europe and Asia-Pacific region.

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Globally, the organic savory snacks market share is estimated to escalate at a higher growth rate due its preserved nutritional profile. Organic savory snacks is free of any chemicals and is known to boost up the immune system thereby improving the body’s metabolic functions. High consumption of organic savory snacks is backed up by developing economy and innovations in food industries globally. The rising demand for beverages with rich and unique flavors is supporting the sale of the product. The nutritional value of organic savory snacks also has increased its demand as a potential on-the-go food product.
All these factors contribute to the calculated CAGR of 3.5% of organic savory snacks market during 2017-2023.
Consumption of baked organic savory snacks is growing at significant rate based on high demand from the consumer’s side due to increasing health consciousness. In addition, the market of organic chips is experiencing a rapid increase. Based on the ingredients, potato based savory snacks holds a lion’s share with high production volume of potato all over the globe.
The sale of spicy organic savory snacks is experiencing a surge backed up by consumer’s preference for flavor rich savory snacks. In addition, cheese based organic savory snacks is evaluated to hold the second largest share.
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The global organic Savory Snacks market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America holds a major market share followed by Europe. The high demands for organic savory snacks from the developed countries of these regions is contributing to the positive growth of organic savory snacks market. France, U.S., U.K., Germany and Canada are the major importers of organic savory snacks. North America is found to be the major exporter of Organic Savory Snacks and exports majorly to countries of Europe and Asia-Pacific.
Organic Savory Snacks manufacturers across various regions follow the strategy of improving their existing product as well as increasing the manufacture of flavored organic savory snacks to meet the consumer’s demand to expand their business. This is one of the major factors due to which the demands of organic savory snacks is experiencing a surge. U.S. is amongst the dominating countries holding a major share in organic savory snacks market and exports the product in various other countries which include China, Canada, Mexico, U.K. and others.

Key Findings:
• Growth of corn based savory snacks is anticipated to have a high growth during the forecast period.
• Top exporters of organic savory snacks include U.S., U.K., Germany, France, Belgium

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Regional Analysis
The Global Organic Savory Snacks Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America has the major market share followed by Europe. Changing life-style has led to adoption of natural ingredients based products pattern due to which Europe is projected to generate a high revenue during the given forecast period. The Major importers of organic Savory Snacks include France, U.S., U.K., Germany and Canada. Based on the higher demand for healthy snacks, the import and export of organic savory snacks in the developed countries is found to rise at a steady growth rate.

Key Players
The key players profiled in the global organic savory snacks market are

• Madeinnature (U.S.)
• Lesserevil (U.S.)
• Peeledsnacks (U.S.)
• Latejuly Snacks (U.S.)
• Heavenlytasty (U.K.)
• Conagra Brands Inc. (U.S.)
• Beanitos Inc (U.S.)

The Global organic savory Snacks Market is segmented under the following regions mentioned below:
North America
• U.S.
• Canada
• Mexico
Europe
• Germany
• France
• Italy
• Spain
• U.K.
• Rest of Europe
Asia-Pacific
• China
• India
• Australia
• Japan
• Rest of Asia Pacific
Rest of the world
• Brazil
• Argentina
• Saudi Arabia
• South Africa
• Others

The report for Global Organic Savory Snacks Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

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