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Global Plant-Based Snacks Market Revenue to Cross a Whopping 73 Billion Dollars by 2028

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There is the rapidly rising trend for vegan/vegetarian/flexitarian diets, which is boosting the market for plant-based snacks.

SBWIRE: ‘The global plant-based snacks market is estimated to be valued at US$ 31,832.6 million in 2018, and expected to reach US$ 73,610.2 million by 2028, at a CAGR of 8.7% during 2018-2028, revised from the previous CAGR of 6.4%… The market for plant-based snacks is anticipated to increase over the forecast years, owing to growing consumer awareness regarding health and wellness.

Besides, there is the rapidly rising trend for vegan/vegetarian/flexitarian diets, which is boosting the market for plant-based snacks. Also, increasing health issues, food-borne allergies, and intolerances have made consumers shift and prefer natural and healthier plant-based snacks.

The global plant-based snacks market has been segmented on the basis of product type, into meat alternative snacks, cereal-/grain-based snacks, plant-based salted snacks, plant-based snack bars, fruit and nut snacks, and others. The meat alternative snacks segment is expected to witness the highest CAGR among the other segments, over the forecast years’. SOURCE…

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