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.
Full Research Report On Organic Chips Market Visit Here:
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Organic Chips
Market Report Highlights
- 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.
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Organic Chips
Market Segmentation
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.
For more info visit @ https://www.grandviewresearch.com
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