Global Plant-Based Snacks Market Size, Share, Growth Analysis Report - Forecast 2034

Plant-Based Snacks Market: Industry Perspective

The global plant-based snacks market size was worth around USD 18.20 Billion in 2024 and is predicted to grow to around USD 39.28 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8% between 2025 and 2034. The report analyzes the global plant-based snacks market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the plant-based snacks industry.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace. The plant-based snacks industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the plant-based snacks market report explores the investor and stakeholder space to help companies make data-driven decisions.

Plant-Based Snacks Market: Overview

Plant-based snacks have huge demand in the food & beverage sector. Moreover, the escalating consumption of cereal snacks, nut-based snacks, plant-based snack bars, and fruits has proliferated the popularity of plant-based snacks in recent years. With growing consumer inclination towards healthy & natural diet, the market for plant-based snacks is anticipated to gain traction in the years ahead. In addition to this, plant-based snacks possess high nutritive value as it comprises minerals, proteins, and fibers. Reportedly, the altering end-user preference and changing consumption patterns have encouraged the producers in capitalizing on new plant-based snacks with loaded nutrition.

Key Insights

• As per the analysis shared by our research analyst, the global plant-based snacks market is estimated to grow annually at a CAGR of around 8% over the forecast period (2025-2034).
• Regarding revenue, the global plant-based snacks market size was valued at around USD 18.20 Billion in 2024 and is projected to reach USD 39.28 Billion by 2034.
• The plant-based snacks market is projected to grow at a significant rate due to Rising veganism and health-conscious consumer behavior drive demand for clean-label, meat-free snacks. Innovation in flavor and texture supports market expansion.
• Based on Product Type, the Chips & Crisps segment is expected to lead the global market.
• On the basis of Source, the Fruits segment is growing at a high rate and will continue to dominate the global market.
• Based on the Distribution Channel, the Supermarkets/Hypermarkets segment is projected to swipe the largest market share.
• By Consumer Group, the Adults segment is expected to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

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Plant-Based Snacks Market: Growth Factors

Humungous demand for vegan diet to bolster the expansion of the global market in 2023-2030

Escalating demand for packaged diets among the urban population along with the rise in intake of plant-based food will steer the growth of the plant-based snacks market across the globe. Growing preference for vegan foods in European countries and North American countries will proliferate the size of the growth of the global market. In addition to this, plant-based snacks offer various benefits to the customers in the form of a sugar-free diet, high proteins, and low oil & fat contents. Rise in the diabetic population in the countries such as the U.S., India, and China has led to huge demand for sugar-free snacks, thereby steering the global market trends.

Furthermore, surging health concerns owing to complications such as heart disorders and obesity will embellish the scope of growth of the global plant-based snacks market. Growing demand for healthy snacks will steer the expansion of the market across the globe. Large-scale need to intaking food with low fats to reduce cholesterol in the blood will spearhead the global market surge.

Plant-Based Snacks Market: Hindrances

Increase in the costs of ingredients used in manufacture of products can put brakes on the global industry elevation

Rise in raw material costs used for manufacturing plant-based snacks and massive supply chain processes can result in a decline in the growth of the global plant-based snacks industry in the upcoming years.

Plant-Based Snacks Market: Opportunities

Growing consumption of meat substitutes is likely to open new vistas of growth for the global market

Increasing demand for meat alternatives and growing awareness about benefits accrued due to the intake of a vegan diet will open new growth opportunities for the global plant-based snacks market. Surge in the demand for vegan diets in the emerging economies of Latin America and Asia will enlarge the scope of the market across the globe. 

Plant-Based Snacks Market: Challenges

Changes in government regulations pertaining to import & export duties on products can challenge the growth of the global industry

Changing government policies pertaining to levying of import duties as well as export duties to be levied on the import & export of plant-based snacks products can result in a rise in product costs. This can prove to be a major challenge in the growth of the global plant-based snacks industry. Unfavorable government guidelines pertaining to product sales & use of ingredients in the manufacture of plant-based snacks can prove to be the highest challenge in the growth of the global industry.

Plant-Based Snacks Market: Segmentation

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

Based on the nature, the global plant-based snacks market is divided into organic & conventional segments. In addition to this, the organic segment, which contributed for more than two-thirds of the global market share in 2022, is slated to retain its segment domination even during 2023-2030. The segmental expansion in the next eight years can be attributed to the growing trend of consuming organic foods owing to its beneficial effects on human health along with its high nutritive contents.

Based on the type, the global plant-based snacks industry is divided into wafers, cookies, and snack bars segments. The snack bars segment, which dominated the type segment in 2022, is set to account for a major market share over the forecast timeline. The growth of the segment in the coming years can be due to the humungous demand for snack bars among the youth and millennial population as well as the rise in demand for convenience food due to the surge in the working women population in the emerging economies.

On the basis of distribution channel, the plant-based snacks market across the globe is bifurcated into online retail stores, mass merchandisers, specialty stores, and convenience stores. The convenience stores segment, which accounted for nearly 50% of the global market earnings in 2022, is predicted to establish a leading position in the global market in the coming years. The segmental surge over the next eight years can be subject to the easy availability of plant-based snacks in convenience stores along with huge shelf space occupied by these food products on the shelves of convenience stores with the aim of the food producers to promote them.

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

Recent Breakthroughs

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

Plant-Based Snacks Market: Report Scope

Plant-Based Snacks Market: Regional Insights

North American Plant-Based Snacks market to record noteworthy growth over 2025 - 2034

North America, which accounted for a major revenue share of the global plant-based snacks market in 2022, is anticipated to lead the regional market growth over the forecast timespan. The regional market surge over 2025 - 2034 can be due to a rise in the vegan population in the countries such as Canada and the U.S. The presence of key food producers in North American countries will catapult the regional market expansion.

On the other hand, the plant-based snacks industry in the Asia-Pacific region is predicted to record the fastest CAGR of 9.1% in the forthcoming years. The regional market expansion over the forecast timeline can be due to the massive demand for convenience diets from the working population in the countries such as India, Japan, China, Singapore, Taiwan, and Malaysia.

Plant-Based Snacks Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the plant-based snacks market on a global and regional basis.

The global plant-based snacks market is dominated by players like:

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