Plant-Based Snacks Market, By Nature (Conventional, and Organic), By Type (Cookies, Snack Bar, Wafers, and Others), By Product Type (Meat Alternative Snacks, Cereal/Grain Based Snacks, and Others), By Source (Fruit, Vegetables, Legumes, Cereals, and Tubers), By Flavor (Savory & Sweet Flavor, Herb & Spice Flavor, Chocolate Flavor, and Others), By Packaging (Pouches, Wrappers, Bags, and Tins), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Small Groceries, Online Retailers, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Plant-Based Snacks Market was valued at US$ 38.6 Billion in 2024 and is projected to grow at a CAGR of 14.60% to reach US$ 133.2 Billion by 2034.

The plant-based snacks market encompasses a wide range of snacks that are derived from plant-based sources, excluding animal products. These snacks cater to consumers who follow vegetarian, vegan, or flexitarian diets or those who are seeking healthier and sustainable snack options. Plant-based snacks can include items like veggie chips, fruit snacks, nuts, seeds, and snacks made from alternative protein sources like legumes or plant-based proteins.       

Dividing this target market into segments:

Plant-Based Snacks Market is segmented based on Nature, Type, Product Type, Source, Flavor, Packaging, Distribution Channel and Region.

Nature Insight

On the basis of Nature, the target market is segmented into Conventional, and Organic.

Type Insight

On the basis of Type, the target market is segmented into Cookies, Snack Bar, Wafers, and Others.

Product Type Insight

On the basis of Product Type, the target market is segmented into Meat Alternative Snacks, Cereal/Grain Based Snacks, and Others.

Source Insight

On the basis of Source, the target market is segmented into Fruit, Vegetables, Legumes, Cereals, and Tubers.

Flavor Insight

On the basis of Flavor, the target market is segmented into Savory & Sweet Flavor, Herb & Spice Flavor, Chocolate Flavor, and Others.

Packaging Insight

On the basis of Packaging, the target market is segmented into Pouches, Wrappers, Bags, and Tins.

Distribution Channel Insight

On the basis of Distribution Channel, the target market is segmented into Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Small Groceries, Online Retailers, and Others.

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. North America has seen a significant surge in the demand for plant-based products, including snacks. This trend is driven by increasing awareness of health and wellness, environmental sustainability concerns, and a growing population of consumers adopting vegetarian, vegan, or flexitarian diets.

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. Asia-Pacific region has experienced a shift in dietary patterns, with an increasing number of consumers adopting plant-based or flexitarian diets. This shift is influenced by factors such as health consciousness, ethical considerations, and concerns about the environmental impact of food choices

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032.

Few Other Promising Reports:

• Savory Snacks Market
• Ginger Market

The key players operating the Plant-Based Snacks Market includes, General Mills, Inc., Nestlé S.A, Maple Leaf Foods Inc., The Unilever Group, Blue Diamond Growers, Inc., Louisville Vegan Jerky Company, Eat Natural Ltd., The Real Food Company, Green Park Brands,  and Quorn Foods Ltd.

Recent Development:

             The New Launched Product News,

• In October 2023, Schouten launched plant-based snack for kids packed with 46% vegetables. With 46% of their ingredients coming from veggies, Schouten's new nibbles contain red pepper, onion, maize, carrots and garden peas. It's claimed that the nuggets have a crispy feel. They are shaped like hearts, circles, and stars to appeal to both kids and adults.  
• In October 2023, Nestlé launched 3 new plant-based fish alternatives to white fish in countries across Europe, including Germany, Spain, Italy, Austria, Poland, the Czech Republic, and Slovakia. Under the Garden Gourmet brand in Europe, the new substitutes include marine-style crispy fillet and marine-style crispy nuggets. Under the Harvest Gourmet brand, the company has already introduced crispy fish-free fingers to Malaysia and Singapore.
• In January 2022, Snack producer launched plant-based protein bar line. Each 2.2-ounce chocolate chip peanut butter and double chocolate almond butter snack bar is kosher, gluten-free and free of genetically modified ingredients. Pea proteins are combined with almonds or peanuts to make the single-serving bars, which provide 15 grams of protein each bar.
• In December 2021, Eat Well Group-owned Sapientia Technologies launched new plant-based snack “Protein Twists” into 350 federated Co-operatives. There are two vegan flavors of Protein Twists: vegan cheese and vegan ketchup. Eat Well Group also worked on two other flavors: Mediterranean and chilly lime. Compared to competing products, the vegan twisted curls have a greater nutritional profile and around 30% fewer calories.