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The global vegan snacks market size was US$ 45.3 billion in 2021. The global vegan snacks market size is forecast to reach US$ 99.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.
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Anything that doesn’t contain animal products like meat, dairy, or eggs is considered a vegan snack. Many possibilities for vegan snacks contain fairly common elements that are also present in non-vegan snacks, such as wheat, oats, sugar, corn, potatoes, etc. Additionally, fruits and vegetables are always a quick and wholesome snack alternative. In general, vegan diets tend to be lower in dietary calories, saturated fat, cholesterol, omega-3 fatty acids, vitamin D, calcium, zinc, and vitamin B. They also tend to be higher in dietary fiber, magnesium, folic acid, vitamin C, vitamin E, iron, and phytochemicals.
Factors Influencing Market Growth
• The growing consumer awareness about health and wellness and the rising trend of veganism among celebrities and athletes drive the global market.
• The availability of various alternative vegan snacks and increased processing cost may slow down the overall market growth.
• The rise in the number of product launches in plant-based snacks by the manufacturer is forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market. The healthcare professional advised a regular consumption of nutritious meals to preserve the body’s immunity during the COVID-19 pandemic. Additionally, as people’s health and immunity became more important, so did the desire for vegan cuisine. Intake of plant-based proteins has become more popular throughout COVID-19 to meet nutritional needs. Additionally, during the lockdown, online sales of plant-based food items grew quickly, supporting the market expansion. In addition, the inclination of people to snack after working from home contributed to its expansion. It was required to eat healthily while staying at home and engaging in less exercise. As a result, vegan snacks with a longer shelf life and higher nutritional content were widely available.
Regional Analysis
North America garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increasing awareness of environmental conservation and animal cruelty in the food sector. In addition, rising sales of plant-based food due to the consumer trend of eating foods that taste great and bring in line with health advantages.
The Asia Pacific region is forecast to have considerable growth during the forecast period. As a result of the increasing awareness regarding the health benefits of vegan foods. In addition, the growing development of the snack business.
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Leading Competitors
The leading prominent companies profiled in the global vegan snacks market are:
• Archer Daniel’s Midland Company
• Amy’s Kitchen Inc.
• Beyond Meat
• Plamil Food Ltd.
• Daiya Foods Inc.
• Tofutti Brands, Inc.
• Vbites Food Ltd.
• Danone SA
• Eden Foods Inc.
• Vitasoy International Holdings Ltd.
• Other Prominent Players
Scope of the Report
The global vegan snacks market segmentation focuses on Nature, Source, Product Type, Distribution Channel, and Region.
Segmentation based on Nature
• Organic
• Conventional
Segmentation based on Source
• Fruits
• Vegetables
• Legumes
• Cereal
• Others
Segmentation based on Product Type
• Nuts & Seeds
• Confectionery
• Savory
• Bakery
• Others
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Segmentation based on Distribution Channel
• Online
• Offline
Segmentation based on Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
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Meta Title: Vegan Snacks Market Size, Share, Insight and Forecast 2022 to 2030
Meta Description: Global Vegan Snacks Market is projected to reach US$ 99.2 billion by the end of 2030 from US$ 45.3 billion in 2021, at a CAGR of 9.1%
Meta Keywords: vegan snacks market Size, vegan snacks market share, vegan snacks market trend, vegan snacks market Forecast, vegan snacks market insight
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