There is an increasing demand for Ready-to-Eat (RTE) foods among most of the consumer globally. The market for healthy snack chips is expected to witness substantial growth on account of a surge in demand for easy-to-eat foods. Millennials are an important driving force behind the growth of the RTE meal market. Products such as popcorn, potato chips, tapioca chips, tortilla chips, bean chips, corn chips, and others come under healthy snacks chips.
MARKET DYNAMICS
The healthy snack chips market has witnessed significant growth owing to factors such as the availability of a wider range of products, such as popcorn, potato chips, tapioca chips, tortilla chips, bean chips, corn chips, and others through various sales channels. Snacks and RTE products are replacing elaborate meals, thereby leading to increased sales of products that are healthy as well as convenient. Distribution channels play an important role in this market, wherein supermarkets and hypermarkets are the preferred distribution channels by most manufacturers. The rising penetration of e-commerce is also expected to play a major role in the growth of this market. The tapioca product segment is expected to witness rapid growth over the next few years on account of the rising demand for healthy snacking options. Moreover, the rising popularity of the product as an instant source of energy is further expected to drive its demand. However, various rules and regulations by different authorities on packaged food products may hamper the growth of the healthy snack chips market. Nevertheless, with the steady growth in the food processing industry and packaging industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Healthy Snack Chips Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthy snack chips market with detailed market segmentation by product type, distribution channel, and geography. The global healthy snack chips market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading healthy snack chips market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global healthy snack chips market is segmented on the basis of product type, and distribution channel. The healthy snack chips market on the basis of the product type is classified into popcorn, potato chips, tapioca chips, tortilla chips, bean chips, corn chips, and others. On the basis of distribution channel, global healthy snack chips market is bifurcated into supermarkets & hypermarkets, convenience store, online stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global healthy snack chips market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The healthy snack chips market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the healthy snack chips market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthy snack chips market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global healthy snack chips market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from healthy snack chips market are anticipated to lucrative growth opportunities in the future with the rising demand for healthy snack chips in the global market. Below mentioned is the list of few companies engaged in the healthy snack chips market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthy snack chips market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
ARA Food Corporation
Campbell Soup Company
Frito-Lay North America, Inc.
General Mills, Inc.
Hain Celestial
Herr's Food, Inc.
Mission Foods
PepsiCo
The Kellogg Company
Way Better Snacks
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.