Organic Chips Market Growth Factors, Competitive Landscape and Revenue Forecast till 2025
The global Organic Chips Market is expected to grow with a CAGR of 4.1% over the forecast period. It is expected to reach USD 18.6 billion, by 2025, according to a new report published by Million Insights. Changing food habits and shift towards organic foods owing to health benefits associated with them are driving the demand for organic chips. In addition, the ongoing trend for clean-label products positively affects market growth.
Growing sales of
organic products through supermarket/hypermarket and increasing the online
popularity of online sales are fueling the growth of the market. Considering
the growing awareness regarding the health benefits of organic foods,
manufacturers are aiming to accelerate their product sales in urban areas where
consumers are adopting alternatives instead of processed ones.
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Growing emphasis on
reducing the consumption of chemical-free food products is supplementing the
organic chips market growth. Further, increasing R&D expenditure and
innovative product launches are expected to strengthen the demand for organic
chips.
North America with
34.2% of market share was the leading region, in 2018. Increasing obesity and
changing food habits are driving demand in the region. Further, the presence of
leading players in the region is positively attributing to its growth. Key players in the region are The Hain
Celestial Group, Inc., General Mills Inc., Kettle Foods, Inc. and others. The
Asia Pacific, on the other hand, is anticipated to witness the highest CAGR
largely because of improving living standards in the region coupled with
increased purchasing power.
Various products used
in chips manufacturing are vegetables, grain, cereal and fruits. Among all, the
vegetable segment held the largest market share in 2018. The growing popularity
of this segment is attributed to the easy availability of several vegetables.
The increasing popularity of potato chips is further strengthening this
segment’s market share. Cereal and grain are also gaining traction owing to
multiple health benefits associated with them. Increasing demand for spices
from Asia Pacific countries is providing lucrative opportunities for market
players to expand their presence in the region.
Organic Chips Product 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
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Market Report with TOC @ https://www.millioninsights.com/industry-reports/global-organic-chips-market
Further key findings from the report suggest:
• Based on product type,
vegetable segment held the largest market share with over 34% in 2018. Fruit
segment is expected to grow with a CAGR of 4.3% over the forecast period.
• North America occupied
34.2% of the market share in 2018, and the region is expected to continue its
dominance in near future.
• European countries such
as Germany and France are likely to be prominent market. On the other hand,
China and India are also expected to contribute significantly in market growth.
• Leading manufacturers
are focusing on new product development and introduction of organic chips in
different flavors.
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