Superfood-based Packaged Snacks Market Size to Grow by $ 29.39 bn through 2020-2024
The superfood-based packaged snacks market is expected to grow by $ 29.39 bn, accelerating at a CAGR of almost 13% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Superfood-based Packaged Snacks Market: Segmentation by Product
This report provides a detailed analysis of the market by Product (Nuts grains seeds, edible seaweed, superfruit, and others) and Geography (North America, South America, Europe, MEA, and APAC). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Superfood-based Packaged Snacks Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Actspand Pte Ltd., Creative Nature Ltd., General Mills Inc., Healthy Truth, Navitas LLC, Nutrisure Ltd. T/A Naturya, Suncore Foods Inc., Sunfood Corp., and Superlife Co. Pte Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Superfood-based Packaged Snacks Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024
Technavio has been monitoring the superfood-based packaged snacks market and it is expected to grow by USD 29.39 bn, accelerating at a CAGR of almost 13% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Superfood-based Packaged Snacks Market: Key Trends to impact market growth
The emergence of new varieties of superfood-based packaged snacks is one of the key superfood-based packaged snacks market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Superfood-based Packaged Snacks Market: Top Drivers to Boost Demand
The rise in number of new product launches is one of the primary factors driving the growth of the superfood-based packaged snacks market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Actspand Pte Ltd., Creative Nature Ltd. and General Mills Inc. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Actspand Pte Ltd., Creative Nature Ltd., General Mills Inc., Healthy Truth, Navitas LLC, Nutrisure Ltd. T/A Naturya, Suncore Foods Inc., Sunfood Corp., and Superlife Co. Pte Ltd. are some of the major market participants.
For more insights on this market: Download a Free Sample Report
Superfood-based Packaged Snacks Market: Key Highlights of the Report for 2020-2024
The Global Superfood-based Packaged Snacks Market is expected to grow by USD 29.39 billion, accelerating at a CAGR of over 13% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our Free Sample Report
Superfood-based Packaged Snacks Market: Segmentation by Product
The nuts, grains and seeds segment dominated the Global Superfood-based Packaged Snacks Market in 2020. The growing awareness about the health benefits of nuts, grains, and seeds, along with growing support from the government in offering trade and tariff standoff is driving the growth of this segment. In addition, the increasing number of organized retailing outlets across the globe is adding to market growth due to easy access to quality products. The growing demand for healthy snacks is driving several vendors to offer products such as flax seeds, chia seeds, pumpkin seeds, hemp seeds, watermelon seeds, guarana seeds, sesame seeds, pine seeds, poppy seeds, nigella seeds and sunflower seeds. However, market growth in this segment will be slower than the growth of the market in the edible seaweed and superfruit segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood-based packaged snacks market size.
Superfood-based Packaged Snacks Market: North America to Drive Market Growth
North America was the largest superfood-based packaged snacks market in recent years, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing demand for superfood-based packaged snacks will significantly influence superfood-based packaged snacks market growth in this region. 37% of the market growth will originate from North America during the forecast period. The US and Canada are the key markets for superfood-based packaged snacks in North America. Market growth in this region will be faster than the growth of the market in South America.
Superfood-based Packaged Snacks Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Actspand Pte Ltd., Creative Nature Ltd., General Mills Inc., Healthy Truth, Navitas LLC, Nutrisure Ltd. T/A Naturya, Suncore Foods Inc., Sunfood Corp., and Superlife Co. Pte Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
