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
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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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. |
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