Portland, OR—The Organic Snacks Market is expected to reach $24.03 billion by 2025, growing at a CAGR of 13.6% from 2018 to 2025, according to a press release from Allied Market Research (AMR).
AMR recently released a report on the Organic Snacks Market, according to the release, which offers a detailed analysis on changing market dynamics, major segments, and market competition. It notes that increasing awareness about health, development in the retail structure, and increasing demand for convenience food is driving the market, although high cost of production is restraining it.
The release says that the salty snacks segment was the largest in 2017, capturing nearly two-fifths of the market share, and that the report predicts salty snacks will maintain their dominance. That said, the candy bars segment will grow at the fastest CAGR of 15.2%. Retail stores are and will be dominant, but the report found that the e-commerce segment will witness the fastest CAGR of 15.9% during the forecast period.
Key players in the industry, the release says, include Pure Organic, Hormel Foods, Hain Celestial, General Mills, and Woodstock Farms Manufacturing.
For more information or to buy the report, go here.