LONDON–(BUSINESS WIRE)–The superfood-based packaged snacks market is expected to grow by USD 29.39 billion, progressing at a CAGR of over 13% during the forecast period.
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The rise in the number of new product launches is one of the major factors propelling market growth. However, factors such as side effects of superfoods will hamper the market growth.
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Superfood-based Packaged Snacks Market: Product Landscape
The growing awareness about the health benefits of nut grain seeds, growing support from the government in offering trade and tariff standoff to pecan growers, and the increasing number of organized retailing outlets across the globe are driving the growth of the nuts, grains, and seeds segment. Because of the significant health benefits of nut grain seeds, several vendors are offering products such as flax seeds, chia seeds, pumpkin seeds, hemp seeds, hemp seeds, watermelon seeds, guarana seeds, sesame seeds, pine seeds, poppy seeds, nigella seeds and sunflower seeds to meet the growing demand for such products. Market growth in this segment will be slower than the growth of the market in the edible seaweed and superfruit segment.
Superfood-based Packaged Snacks Market: Geographic Landscape
North America was the largest superfood-based packaged snacks market in 2019, 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’s 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.
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Companies Covered:
- Actspand Pte Ltd.
- Creative Nature Ltd.
- General Mills Inc.
- Healthy Truth
- Navitas LLC
- Nutrisure Ltd. T/A Naturya
- Suncore Foods Inc.
- Sunfood Corp.
- Superlife Co. Pte Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Nuts grains and seeds – Market size and forecast 2019-2024
- Edible seaweed – Market size and forecast 2019-2024
- Superfruit – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Actspand Pte Ltd.
- Creative Nature Ltd.
- General Mills, Inc.
- Healthy Truth
- Nature’s Path Foods Inc.
- Navitas LLC
- Nutrisure Ltd. T/A Naturya
- Suncore Foods, Inc.
- Sunfood Corp.
- Superlife Co. Pte Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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