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 2031" 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 2021 to 2031 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.
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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 2021 to 2031 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Healthy Snack Chips Market - By Product Type
1.3.2 Healthy Snack Chips Market - By Distribution Channel
1.3.3 Healthy Snack Chips Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHY SNACK CHIPS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. HEALTHY SNACK CHIPS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HEALTHY SNACK CHIPS MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHY SNACK CHIPS - GLOBAL MARKET OVERVIEW
6.2. HEALTHY SNACK CHIPS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEALTHY SNACK CHIPS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. POPCORN
7.3.1. Overview
7.3.2. Popcorn Market Forecast and Analysis
7.4. POTATO CHIPS
7.4.1. Overview
7.4.2. Potato Chips Market Forecast and Analysis
7.5. TAPIOCA CHIPS
7.5.1. Overview
7.5.2. Tapioca Chips Market Forecast and Analysis
7.6. TORTILLA CHIPS
7.6.1. Overview
7.6.2. Tortilla Chips Market Forecast and Analysis
7.7. BEAN CHIPS
7.7.1. Overview
7.7.2. Bean Chips Market Forecast and Analysis
7.8. CORN CHIPS
7.8.1. Overview
7.8.2. Corn Chips Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. HEALTHY SNACK CHIPS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORE
8.4.1. Overview
8.4.2. Convenience Store Market Forecast and Analysis
8.5. ONLINE STORES
8.5.1. Overview
8.5.2. Online Stores Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HEALTHY SNACK CHIPS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Healthy Snack Chips Market Overview
9.1.2 North America Healthy Snack Chips Market Forecasts and Analysis
9.1.3 North America Healthy Snack Chips Market Forecasts and Analysis - By Product Type
9.1.4 North America Healthy Snack Chips Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Healthy Snack Chips Market Forecasts and Analysis - By Countries
9.1.5.1 United States Healthy Snack Chips Market
9.1.5.1.1 United States Healthy Snack Chips Market by Product Type
9.1.5.1.2 United States Healthy Snack Chips Market by Distribution Channel
9.1.5.2 Canada Healthy Snack Chips Market
9.1.5.2.1 Canada Healthy Snack Chips Market by Product Type
9.1.5.2.2 Canada Healthy Snack Chips Market by Distribution Channel
9.1.5.3 Mexico Healthy Snack Chips Market
9.1.5.3.1 Mexico Healthy Snack Chips Market by Product Type
9.1.5.3.2 Mexico Healthy Snack Chips Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Healthy Snack Chips Market Overview
9.2.2 Europe Healthy Snack Chips Market Forecasts and Analysis
9.2.3 Europe Healthy Snack Chips Market Forecasts and Analysis - By Product Type
9.2.4 Europe Healthy Snack Chips Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Healthy Snack Chips Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Healthy Snack Chips Market
9.2.5.1.1 Germany Healthy Snack Chips Market by Product Type
9.2.5.1.2 Germany Healthy Snack Chips Market by Distribution Channel
9.2.5.2 France Healthy Snack Chips Market
9.2.5.2.1 France Healthy Snack Chips Market by Product Type
9.2.5.2.2 France Healthy Snack Chips Market by Distribution Channel
9.2.5.3 Italy Healthy Snack Chips Market
9.2.5.3.1 Italy Healthy Snack Chips Market by Product Type
9.2.5.3.2 Italy Healthy Snack Chips Market by Distribution Channel
9.2.5.4 United Kingdom Healthy Snack Chips Market
9.2.5.4.1 United Kingdom Healthy Snack Chips Market by Product Type
9.2.5.4.2 United Kingdom Healthy Snack Chips Market by Distribution Channel
9.2.5.5 Russia Healthy Snack Chips Market
9.2.5.5.1 Russia Healthy Snack Chips Market by Product Type
9.2.5.5.2 Russia Healthy Snack Chips Market by Distribution Channel
9.2.5.6 Rest of Europe Healthy Snack Chips Market
9.2.5.6.1 Rest of Europe Healthy Snack Chips Market by Product Type
9.2.5.6.2 Rest of Europe Healthy Snack Chips Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Healthy Snack Chips Market Overview
9.3.2 Asia-Pacific Healthy Snack Chips Market Forecasts and Analysis
9.3.3 Asia-Pacific Healthy Snack Chips Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Healthy Snack Chips Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Healthy Snack Chips Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Healthy Snack Chips Market
9.3.5.1.1 Australia Healthy Snack Chips Market by Product Type
9.3.5.1.2 Australia Healthy Snack Chips Market by Distribution Channel
9.3.5.2 China Healthy Snack Chips Market
9.3.5.2.1 China Healthy Snack Chips Market by Product Type
9.3.5.2.2 China Healthy Snack Chips Market by Distribution Channel
9.3.5.3 India Healthy Snack Chips Market
9.3.5.3.1 India Healthy Snack Chips Market by Product Type
9.3.5.3.2 India Healthy Snack Chips Market by Distribution Channel
9.3.5.4 Japan Healthy Snack Chips Market
9.3.5.4.1 Japan Healthy Snack Chips Market by Product Type
9.3.5.4.2 Japan Healthy Snack Chips Market by Distribution Channel
9.3.5.5 South Korea Healthy Snack Chips Market
9.3.5.5.1 South Korea Healthy Snack Chips Market by Product Type
9.3.5.5.2 South Korea Healthy Snack Chips Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Healthy Snack Chips Market
9.3.5.6.1 Rest of Asia-Pacific Healthy Snack Chips Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Healthy Snack Chips Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Healthy Snack Chips Market Overview
9.4.2 Middle East and Africa Healthy Snack Chips Market Forecasts and Analysis
9.4.3 Middle East and Africa Healthy Snack Chips Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Healthy Snack Chips Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Healthy Snack Chips Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Healthy Snack Chips Market
9.4.5.1.1 South Africa Healthy Snack Chips Market by Product Type
9.4.5.1.2 South Africa Healthy Snack Chips Market by Distribution Channel
9.4.5.2 Saudi Arabia Healthy Snack Chips Market
9.4.5.2.1 Saudi Arabia Healthy Snack Chips Market by Product Type
9.4.5.2.2 Saudi Arabia Healthy Snack Chips Market by Distribution Channel
9.4.5.3 U.A.E Healthy Snack Chips Market
9.4.5.3.1 U.A.E Healthy Snack Chips Market by Product Type
9.4.5.3.2 U.A.E Healthy Snack Chips Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Healthy Snack Chips Market
9.4.5.4.1 Rest of Middle East and Africa Healthy Snack Chips Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Healthy Snack Chips Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Healthy Snack Chips Market Overview
9.5.2 South and Central America Healthy Snack Chips Market Forecasts and Analysis
9.5.3 South and Central America Healthy Snack Chips Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Healthy Snack Chips Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Healthy Snack Chips Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Healthy Snack Chips Market
9.5.5.1.1 Brazil Healthy Snack Chips Market by Product Type
9.5.5.1.2 Brazil Healthy Snack Chips Market by Distribution Channel
9.5.5.2 Argentina Healthy Snack Chips Market
9.5.5.2.1 Argentina Healthy Snack Chips Market by Product Type
9.5.5.2.2 Argentina Healthy Snack Chips Market by Distribution Channel
9.5.5.3 Rest of South and Central America Healthy Snack Chips Market
9.5.5.3.1 Rest of South and Central America Healthy Snack Chips Market by Product Type
9.5.5.3.2 Rest of South and Central America Healthy Snack Chips Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HEALTHY SNACK CHIPS MARKET, KEY COMPANY PROFILES
11.1. ARA FOOD CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CAMPBELL SOUP COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FRITO-LAY NORTH AMERICA, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL MILLS, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HAIN CELESTIAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HERR'S FOOD, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MISSION FOODS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PEPSICO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE KELLOGG COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WAY BETTER SNACKS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ARA Food Corporation
2. Campbell Soup Company
3. Frito-Lay North America, Inc.
4. General Mills, Inc.
5. Hain Celestial
6. Herr's Food, Inc.
7. Mission Foods
8. PepsiCo
9. The Kellogg Company
10. Way Better Snacks
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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