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The organic chips market size is forecast to increase by USD 3.37 billion at a CAGR of 5.87% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Organic chips, including vegetable chips made from potatoes, carrots, kale, red onion, broccoli, and spinach, have gained popularity as healthier alternatives to traditional snack options. These clean-label food products cater to increasing health awareness and eating patterns, such as clean eating, mindful eating, calorie counting, and plant-based diets. Vegetable chips offer nutritional benefits with their low fat, low sugar content, and high fiber, making them a preferred choice for health-conscious consumers. Moreover, the rising trend of obesity and obesity-related health issues has fueled the demand for organic chips. companies are responding by offering a wide range of organic chips, including those made with superfoods, onion, and cinnamon, to enhance taste and nutritional value.
The food industry growth in the market is driven by the increasing preference for chemical-free food and food safety concerns. Retail channels, including store-based distribution and online retailing, are expanding their offerings to cater to the growing demand for organic chips. These snacks are not only popular as on-the-go snacks but also as healthy alternatives to processed snacks like potato chips. Organic farming practices and food processing techniques ensure the production of high-quality organic chips that offer health benefits, such as improved digestion, increased energy levels, and reduced inflammation. In conclusion, the market is witnessing significant growth due to the increasing demand for healthier snack options, clean-label products, and the health benefits associated with organic farming and food processing.
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The vegetable segment was valued at USD 3.29 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is experiencing significant growth, with the United States being the leading consumer in the region. companies in the market are focusing on offering USDA-certified organic variants of chips to cater to the increasing demand for healthy snacking options. The popularity of Mexican cuisine and the rising trend of healthy dietary patterns among consumers, particularly millennials, are major growth drivers. The younger demographic prefers snacking due to their hectic lifestyles, leading to an increase in demand for convenient and organic snack options. Additionally, the growth of e-commerce and retail and supermarket channels is facilitating the expansion of the market in North America.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for healthy food globally is the key driver of the market.
The growing prominence of online shopping is the upcoming trend in the market.
Mismatch in demand and supply is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to shifting eating habits towards clean-label food products and healthier alternatives. With increasing health awareness, consumers are seeking chemical-free food options, leading to a rise in demand for organic chips made from vegetables, fruits, cereals, and grains. These chips offer health benefits, including being plant-based, vegan, and vegetarian, making them popular among health-conscious individuals. Obesity trends and dietary patterns, such as clean eating, mindful eating, calorie counting, and on-the-go snacking, are driving the demand for organic chips. These snacks cater to various taste preferences by offering a wide range of flavors, including those made with spices and herbs.
Furthermore, organic chips are processed using food safety standards and organic farming practices, ensuring the highest nutritional value. The market is witnessing growth through various retail channels, including store-based distribution and online retailing. The food industry growth is further fueling the demand for organic chips, as snack culture continues to evolve and prioritize health benefits. Organic farming practices, which exclude the use of synthetic fertilizers, pesticides, and genetically modified organisms, are gaining popularity among consumers seeking safe and healthy food options. The market for organic chips is expected to continue its growth trajectory, offering a wide range of products, from potato chips to vegetable chips, catering to diverse consumer preferences.
Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.87% |
Market Growth 2024-2028 |
USD 3.37 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.99 |
Key countries |
US, Canada, China, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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