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Subject: MRR

Organic Chips Market - 37% of Growth to Originate from North America|Rising Demand for Healthy Food to Boost Market |17000+ Technavio Reports


NEW YORK, Jan. 17, 2022 /PRNewswire/ -- 37% of the market's growth will originate from North America for the organic chips market. The US and Canada are the key markets for organic chips in the region. However, the market growth rate in North America will be slower than the growth of the market in other regions. The organic chips market estimates a market value of USD 6.05 billion from 2021 to 2026. In addition, the market is to progress at a CAGR of  5.43% as per the latest market forecast report by Technavio.

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Organic Chips Market: Rising demand for healthy food among the global population to drive growth

The use of synthetic chemical fertilizers and pesticides in food products causes various health issues such as cancer, obesity, and birth defects. The growing number of health problems worldwide has made more consumers aware of the ingredients that they eat without any health hazards and hence, has driven the consumption of foods such as organic chips among these people. The growth in the number of young people globally is one of the key drivers for the market, as young people, who are increasingly becoming health-conscious, are demanding healthy substitutes in their routine diet and snacking at an increasing rate. This is resulting in an increase in the demand for organic chips among people worldwide during the forecast period. 

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Organic Chips Market: Segmentation Analysis & Revenue Generating Segment

This market research report segments the organic chips market by Distribution Channel (offline and online) and Geography (North America, Europe, APAC, South America, and MEA).

The organic chips market share growth by the offline segment will be significant for revenue generation. The offline distribution segment includes supermarkets and hypermarkets, discount stores, convenience stores, and individual retailers. Hypermarkets and supermarkets offer multiple organic chips with different tastes from various brands. The high popularity of this distribution channel can be attributed to rapid urbanization and changing consumer lifestyles for a healthy lifestyle. Moreover, in-house promotions by retailers and easy ways to compare prices attract consumers to shop from hypermarkets and supermarkets at an increasing rate.

Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the organic chips market size and actionable market insights on each segment which will assist in creating efficient business plans & strategies.

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Related Reports:

Organic Coconut Water Market -The organic coconut water market share is expected to increase by USD 435.48 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.92%. Download a free sample now!

Organic Food Preservatives Market -The organic food preservatives market share is expected to increase by USD 367.66 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.71%. Download a free sample now!

Organic Chips Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.43%

Market growth 2022-2026

USD 6.05 billion

Market structure

Fragmented

YoY growth (%)

4.15

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, Canada, Germany, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bare Snacks, Campbell Soup Co., FZ Organic Food, GoPure, Late July Snacks LLC, Mission Foods, Rhythm Foods, Saratoga Chips LLC, and The Hain Celestial Group Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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News published on 17 january 2022 at 01:30 and distributed by: