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)

Growing demand for a healthier lifestyle

This industry is growing mainly due to people's growing demand for a healthier lifestyle. A vegan is not the same as a vegetarian. Vegetarians do not eat fish, poultry and other animal products. Vegans are stricter vegetarians who also give up milk, eggs and any other foods containing animal products. Vegetarianism is considered the strictest form of vegetarianism.  The Vegan Society now views veganism as a lifestyle that strives to avoid harming or exploiting animals. Being exploited for profit or for any other reason is also included. Therefore, a vegan diet limits the consumption of milk, eggs, and other animal-based products. Projections indicate that the industry will witness significant growth due to the growing vegetarian trend among athletes and celebrities around the world. Many groups have claimed that there are more vegetarians than ever before in the world. For Instance, according to a survey conducted by Vegan Society and Vegan Living magazines, the number of vegetarians in the UK has increased by more than 360%. There are currently about 850,000 vegetarians in Canada, an increase of 250% over the previous year. Therefore, this has led to the expansion of the revenue of the plant-based snacks market.