Vegetable Chips

Vegetable Chips

Global Vegetable Chips Market to Reach US$16.2 Billion by 2030

The global market for Vegetable Chips estimated at US$12.1 Billion in the year 2023, is expected to reach US$16.2 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2023-2030. Root Chips, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$10.8 Billion by the end of the analysis period. Growth in the Leafy Chips segment is estimated at 3.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.3 Billion While China is Forecast to Grow at 7.1% CAGR

The Vegetable Chips market in the U.S. is estimated at US$3.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Vegetable Chips- Key Trends and Drivers

Vegetable chips are snacks made from thinly sliced vegetables that are baked or fried until crispy. Unlike traditional potato chips, vegetable chips can be made from a variety of vegetables such as sweet potatoes, beets, carrots, kale, and zucchini. These chips are often seasoned with natural herbs and spices, providing a flavorful and healthful alternative to conventional snacks. The appeal of vegetable chips lies in their nutritional benefits; they are generally lower in fat and calories and higher in vitamins, minerals, and fiber compared to standard potato chips. This makes them a popular choice among health-conscious consumers looking for a satisfying yet nutritious snack option.

The vegetable chips market has seen significant growth due to the rising health awareness among consumers and the increasing demand for convenient, healthy snacks. Consumers are becoming more mindful of their dietary choices, seeking snacks that offer both taste and nutritional value. Vegetable chips cater to this demand by providing a crunchy, tasty snack that also delivers essential nutrients. The variety of vegetables used in these chips also allows for a wide range of flavors and textures, appealing to diverse consumer preferences. Furthermore, the clean label trend, which emphasizes minimal and natural ingredients, has driven the popularity of vegetable chips, as many brands market their products as free from artificial additives and preservatives.

The growth in the vegetable chips market is driven by several factors. Technological advancements in food processing and packaging have enabled the production of high-quality vegetable chips that retain their nutritional value and have extended shelf lives. The increasing consumer preference for plant-based and vegan diets has significantly boosted the demand for vegetable chips as they align well with these dietary trends. Additionally, the rising incidence of lifestyle-related health issues such as obesity and diabetes has encouraged consumers to opt for healthier snack alternatives, further propelling market growth. The expansion of retail channels, including e-commerce platforms and health food stores, has made vegetable chips more accessible to a broader audience. Furthermore, innovative marketing strategies and product diversification, including the introduction of exotic vegetable varieties and unique flavor combinations, have attracted new consumers and retained existing ones. These factors collectively drive the robust growth of the vegetable chips market, reflecting a shift in consumer preferences towards healthier and more sustainable snacking options.

Select Competitors (Total 37 Featured) -

• Calbee, Inc.
• Camel Nuts
• Garden Veggie Snacks (a brand of Hain Celestial)
• GoPure (Yellow Chips B.V.)
• Hunter Foods (L.L.C)
• Jagdish Farshan Pvt. Ltd
• Kiwa Natural Life
• PepsiCo, Inc.
• Plant Snacks
• Popchips, Inc.
• Rivera
• Scrubbys (Part of AIB Foods Ltd)

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