The global organic chips market size is expected to reach USD
18.6 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 4.1% over the forecast period. Changing eating habits of
the population is majorly driving the sales of organic chips owing to
consumer’s shift towards eating between the meals in a day. Additionally, the
trend of consumption of clean-label food products on a global level is expected
to drive the market.
Increasing availability of advanced distributing channels and
networks for organic chips including hyper/supermarkets is expected to fuel the
demand. Manufacturers are focusing on targeting the demographic of urban
consumers willing to switch from the conventional and other baked chips to
healthier alternatives. They are majorly strategizing on involving more product
variations in the portfolio to grab the attention of the consumers.
Growing health awareness and demand for chemical free food
products are the major factors propelling the market growth. High investment in
the research and development sector is expected to fuel the revenue of the
major players in the market.
In 2018, North America held the largest share of 34.2% in terms of
revenue. Growing popularity of organic chips and rising prevalence of obesity
in the countries such as U.S. have propelled the market growth in the region.
Another factor boosting the market growth in North America is the strong
presence of the key players in the country such as Kettle Foods, Inc. (U.S.),
Luke’s Organic, General Mills Inc., and The Hain Celestial Group, Inc. (U.S.).
Asia Pacific is expected to witness the fastest growth in the market over the
forecast period due to improving economic conditions and growing disposable
income of consumers in the region.
The product segment of the market is categorized as vegetable,
fruits, cereal, and grain. The vegetable product segment hold the largest share
of the overall revenue, due to its easy availability and popularity. In
addition, consumer preference for potato chips over any other fruit chips is
another factor driving the segment.
Apart from vegetables, cereal and grain chips are expected to
witness high growth due to awareness of the health benefits of cereals and
grains. Increasing demand for spices in these organic products in Asia Pacific
has provided opportunities to the players for their product portfolio expansion
in order to maintain a strong foothold in the market.
Browse full research report on Organic Chips Market: https://www.grandviewresearch.com/industry-analysis/organic-chips-market
Further key findings from the study suggest:
- On
the basis of product type,fruit organic chips are projected to expand at a
CAGR of 4.3% in terms of revenue over the forecast period. The vegetable
product segment dominated the global market with a share of 34.9% in 2018
- North
America dominated the organic chips market in 2018, which constituted for
34.2% of the market. This trend is projected to resume over the next few
years
- Countries
such as Germany and France are expected to be the major markets, due to
high disposable income of the consumers, followed by India, China, and
Japan in Asia Pacific
- Various
manufacturers are concentrating on product portfolio expansion to fulfill
the consumer demand for a variety in the organic chips taste-wise and
estimating existing and future demand patterns from upcoming application
segments.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/organic-chips-market/request/rs1
Grand View Research has segmented the global organic chips market
on the basis of product type, distribution channel, and region:
Organic Chips Product Type Outlook (Revenue, USD Billion, 2015 -
2025)
- Vegetable
- Fruits
- Cereal
- Grain
Organic Chips Distribution Channel Outlook (Revenue, USD Billion,
2015 - 2025)
- Retail
and Supermarket
- Online
Platform
Organic Chips Region Outlook (Revenue, USD Billion, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- China
- Central
and South America
- Brazil
- Middle
East and Africa
- Saudi
Arabia
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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