Portland, OR — Worldwide sales for organic snacks are anticipated to reach $24.03 billion by 2025, representing a compound annual growth rate (CAGR) of 13.6 percent, according to Allied Market Research.
Consumer interest in clean labels, development of retail structure in developing markets and demand for convenience foods will drive organic snacks, the research company reports. While sales are projected up, high cost of production will restrain some market growth.
Among regions, North America held the largest share in 2017, representing more than 60 percent of the market share and is projected to continue dominating the sector through the forecast period. While North America has the bulk of sales, Asia Pacific is expected to have the fastest growth, with a projected CAGR of 16.3 percent.