Cibi e Bevande
Organic Chips Market Size Worth $80.6 Billion by 2025 | CAGR: 4.1%: Grand View Research, Inc.
Growing health awareness and demand for chemical free food products are the major factors propelling the market growth. High investment in the research and development sector is expected to fuel the revenue of the major players in the market.
In 2018, North America held the largest share of 34.2% in terms of revenue. Growing popularity of organic chips and rising prevalence of obesity in the countries such as U.S. have propelled the market growth in the region. Another factor boosting the market growth in North America is the strong presence of the key players in the country such as Kettle Foods, Inc. (U.S.), Luke's Organic, General Mills Inc ., and The Hain Celestial Group, Inc. (U.S.). Asia Pacific is expected to witness the fastest growth in the market over the forecast period due to improving economic conditions and growing disposable income of consumers in the region.
The product segment of the market is categorized as vegetable, fruits, cereal, and grain. The vegetable product segment hold the largest share of the overall revenue, due to its easy availability and popularity. In addition, consumer preference for potato chips over any other fruit chips is another factor driving the segment.
Apart from vegetables, cereal and grain chips are expected to witness high growth due to awareness of the health benefits of cereals and grains. Increasing demand for spices in these organic products in Asia Pacific has provided opportunities to the players for their product portfolio expansion in order to maintain a strong foothold in the market.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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