The Potato Chips Market is being driven by Growing snacking culture
The Potato Chips Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13205.8 million. The global potato chips market is experiencing a shift in consumer preferences towards healthier snacking options. With an increasing focus on wellness and dietary goals, the industry is responding by introducing healthier potato chip alternatives. Consumers are seeking clear labeling, reduced artificial additives, and nutritional information. In response, manufacturers have developed baked or reduced-fat potato chips, catering to those desiring lower calorie options. Additionally, the introduction of gluten-free and allergen-friendly potato chips addresses the needs of consumers with dietary restrictions. These developments reflect the market's adaptability to evolving consumer demands.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
200 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2025-2029 |
USD 13205.8 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
5.0 |
Key countries |
US, China, India, Russia, Canada, Germany, France, Bangladesh, Mexico, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Potato Chips Market encompasses various production methods such as kettle cooking, vacuum frying, and extrusion cooking. Thin-cut, thick-cut, crinkle-cut, wavy chips are popular types, with organic and GMO-free potatoes gaining preference. Sustainable agriculture, potato peel processing, and waste reduction strategies are key trends. Biodegradable, compostable, and recyclable packaging are prioritized for minimizing carbon footprint, water usage, and energy consumption. Food waste, food security, consumer health, and dietary guidelines are crucial factors. Ingredient traceability, supply chain transparency, allergen information, and nutritional labeling are essential for brand equity. Product lifecycle management, marketing campaign effectiveness, sales performance, and customer satisfaction drive growth. Product line extensions, new product development, competitive advantage, joint ventures, industry consolidation, automation technologies, artificial intelligence, and big data analytics shape the industry landscape.
The potato chips market is a significant segment of the global packaged foods and meats industry, encompassing vendors engaged in the processing and packaging of this popular snack. The market's size is determined by the consolidated revenue generated by these entities, excluding those specializing in food processing equipment manufacturing. Potato varieties, starch content, oil types, packaging materials, production lines, and packaging machinery are essential factors influencing the market's growth. The health benefits associated with consuming minimally processed foods, such as potato chips, contribute to the market's expansion. These snacks offer nutritional advantages, including potassium, dietary fiber, folate, vitamin A, and vitamin C. As consumer preferences shift towards healthier options, the demand for potato chips made from specific potato varieties, low starch content, and healthier oil types will increase. Advancements in production lines and packaging machinery enable vendors to improve efficiency, reduce waste, and extend product shelf life. Furthermore, robust distribution networks ensure timely delivery and availability of potato chips to consumers worldwide. The market's growth is also driven by the convenience and portability of packaged potato chips, making them a preferred choice for consumers on-the-go.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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