Potato Chips Market to witness USD 9.79 Bn revenue expansion through 2023-2027 : Increased brand recognition and the rising popularity of snacking are expansion propellers
The desire for versatile, and easily portable snacks like potato chips has surged due to a shift in culture. Potato chips and other portable and accessible foods are in constant demand because snacking culture encourages individuals to munch often throughout the day. As more individuals lead hectic lifestyles, there is a growing demand for fast, portable snacks that people can eat on the move. Potato chips meet this demand admirably.
Rising snacking habit combined with increasing brand awareness and loyalty will probably lead to sustained expansion in the potato chip market. By 2027, the market is projected to have grown by USD 9.79 billion at a compound annual growth rate of 4.46%.
Snapshot of the Potato Chips Market Analysis
Culture shifts have made it easier for culinary fads to spread globally, which has given potato chip makers the freedom to experiment with a wide range of flavours influenced by different countries' cuisines as the industry develops in the upcoming years.
Leading players such as Bikaji Foods International Ltd., Burts Snacks Ltd., Calbee Four Seas Co. Ltd., Campbell Soup Co., Emsland Starke GmbH, Great Lakes Potato Chip Co.,Herr Foods Inc., Intersnack Group GmbH and Co. KG, ITC Ltd., Kellogg Co., Kiwi Food , KOIKE YA Inc., McCain Foods Ltd., Notions Group, Old Dutch Foods Ltd.,etc are some of prominent names with strong market presence when it comes to Potato Chips Market
As a result, throughout the projection period, the market will rise thanks to the expanding snacking culture.Learn more about the characteristics of the market and the variables that our thorough analysis predicts will have the biggest effects on it.
Technavio’s analysis of the Potato Chips market also includes:
