Global Plant-Based Snacks Market Is Anticipated to Surge Approximately $19.6 Billion By 2030

17-May-2023 | Zion Market Research

The global plant-based snacks industry size was nearly $15.6 Billion in 2022 and is anticipated to surge to approximately $19.6 Billion by 2030 along with recording the highest growth rate of nearly 7.8% from 2023 to 2030.

Global Plant-Based Snacks Market Size

Plant-based snacks have humungous demand across the food & beverage sector. Moreover, the large-scale intake of cereal snacks, nut-based snacks, plant-based snack bars, and fruits has prompted the demand for plant-based snacks in the upcoming years. With growing customer preference towards healthy & natural diets, the market for plant-based snacks is predicted to gain traction in the years ahead. In addition to this, plant-based snacks have high nutritional content as it includes ingredients such as proteins, minerals, and fibers.  

Huge demand for packaged food among the urban population coupled with a surge in the consumption of plant-based diets is likely to augment the growth of the plant-based snacks market globally. In addition to this, growing health complications arising due to cardiac disorders and obesity have expanded the scope of demand for plant-based snacks across the globe.  Apart from this, plant-based snacks provide a slew of benefits to consumers in the form of a sugar-free diet, large-scale proteins, and low oil & fat contents. Surge in the diabetic populace in the countries such as the U.S., India, and China has translated into escalating demand for sugar-free snacks, thereby characterizing the expansion of the global market.

Nevertheless, a surge in prices of raw components used in the manufacture of plant-based snacks and disruption in supply chain activities can decimate the growth of the global plant-based snacks industry in the forecasting timeframe. However, growing preference for meat substitutes and escalating consciousness about advantages derived through vegan food consumption will open new growth avenues for the global industry.

Global Plant-Based Snacks Market

The global plant-based snacks market is divided into nature, type, source, distribution channel, and region.               

The nature segment of the plant-based snacks market is sub-segmented into organic & conventional segments. In addition to this, the organic segment, which accounted for over 66% of the global market earnings in 2022, is anticipated to retain its market domination even in the next eight years. The segmental growth in the ensuing years can be credited to escalating intake of organic foods due to their beneficial effects on human health along with their high nutritional contents.  

Based on the distribution channel, the plant-based snacks industry across the globe is sectored into online retail stores, mass merchandisers, specialty stores, and convenience stores. The convenience stores segment, which accounted for nearly half of the global market revenue in 2022, is anticipated to retain its numero uno position in the global market in the upcoming years. The segmental expansion in the next eight years can be owing to the plenty of products dispatched in convenience stores due to growing product demand. Rise in shopping activities witnessed at convenience stores will prompt the demand for products in convenience stores.

On the basis of type, the global plant-based snacks market is divided into wafers, cookies, and snack bars segments. The snack bars segment, which led the type segment in 2022, is set to contribute a major market share over the forecast timespan. The growth of the segment in the ensuing years can be subject to lucrative demand for snack bars among the young, old, and millennial population as well as a rise in demand for convenience food among the working population in the developing countries.

In terms of source, the global plant-based snacks industry is segmented into vegetables, cereals, tubers, legumes, and fruits.

Furthermore, North America, which contributed for a major revenue share of the global plant-based snacks market in 2022, is expected to dominate the market growth in North America in the years ahead. The growth of the market in North America in the next eight years can be due to an increase in the vegan population in the countries such as Canada and the U.S. The presence of key food manufacturers in North American countries will propagate regional market growth.

Browse the full “Plant-Based Snacks Market By Nature (Organic and Conventional), By Type (Wafers, Cookies, and Snack Bars), By Source (Vegetables, Cereals, Legumes, Fruits, and Tubers), By Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail Stores, and Convenience Stores), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030. Report at

Recent Developments:

  • In the second quarter of 2019, Atlantic Natural Foods, LLC, introduced a new kind of plant-based snack in the UK. The newly launched product includes Tikka Masala Snack and Spicy Pad Thai for expanding their spiced food portfolio in the UK. The move will boost the portfolio of plant-based snacks in the UK.
  • In the first half of 2018, the Unilever Group introduced plant-based snack products including corn seed cluster, coconut seed cluster, and cocoa chipotle. The initiative is likely to contribute lucratively towards the growth of its plant-based snacks product portfolio.

Key players in the global plant-based snacks market include:

  • Unilever Group
  • Green Park Snacks
  • Nestle S.A.
  • General Mills
  • Quorn
  • Conagra Brands Inc.
  • Maple Leaf Foods
  • Blue Diamonds Growers Inc.

The global plant-based snacks market is segmented as follows:

By Nature

  • Organic
  • Conventional

By Type

  • Wafers
  • Cookies
  • Snack Bars

By Source

  • Vegetables
  • Cereals
  • Legumes
  • Fruits
  • Tubers

By Distribution Channel

  • Mass Merchandisers
  • Specialty Stores
  • Online Retail Stores
  • Convenience Stores

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed