Baked Chips Market Forecasts to 2030 – Global Analysis By Sources (Vegetable, Fruit, Grains and Other Sources), Flavors , Distribution Channel , Functionality , End User and By Geography

Baked Chips Market Forecasts to 2030 – Global Analysis By Sources (Vegetable, Fruit, Grains and Other Sources), Flavors , Distribution Channel , Functionality , End User and By GeographyAccording to Stratistics MRC, the Global Baked Chips Market is accounted for $7.20 billion in 2023 and is expected to reach $12.18 billion by 2030 growing at a CAGR of 7.7% during the forecast period. One of the most well-liked snacks that people all around the world like is baked chips. The term ""baked chips"" describes snack chips that are baked rather than fried. Because there is no need for extra oil while using this cooking method, the snack is healthier. Baking chips reduces the fat content while preserving the natural flavours and nutrients of the ingredients. Customers have a variety of options when it comes to baked chips because they come in a variety of flavours such potato, sweet potato, kale, beet, and multigrain.

According to Health Survey England data from 2021, 25.9% of adults in England are obese. According to Bizom statistics, in India ready-to-eat meals and rising out-of-home consumption drove a 95% year-over-year growth in packaged food sales in the months leading up to the holiday season.

Market Dynamics:

Driver:

Consumer desire for healthier options is rising

The market for baked chips is rising due to consumers' choice for healthy alternatives to traditional snack foods. Due to its low calorie and nutritional content, baked chips are favoured by consumers who are becoming more health conscious and seeking out nutritive snacks with the addition of useful ingredients like fibre, vitamins, and antioxidants in their diets. Because of this and other health concerns, people are increasingly interested in consuming baked chips, which is growing the market.

Restraint:

Availability of substitutes

Traditional fried potato chips continue to dominate the snack market, posing a challenge to the growth of baked chips. Fried chips offer a familiar taste and texture that some consumers may find difficult to replace with baked alternatives. Procuring high-quality ingredients for baked chips, such as fresh potatoes and root vegetables, can be a logistical challenge for manufacturers. Seasonal variations and supply chain complexities may impact production consistency and cost.

Opportunity:

Changing Lifestyles

The desire for easy-to-grab snacks has grown as a result of hectic schedules and mobile lives. A convenient and portable snack option that can be enjoyed anytime, anyplace are baked chips. Consumers are increasingly favouring innovative flavours like barbecue, sour cream and onion, sea salt, and vinegar. Market expansion has been greatly aided by baked chip availability in a variety of retail outlets, including supermarkets, convenience stores, and internet marketplaces.

Threat:

Price Sensitivity

Due to the use of premium ingredients and the baking process, baked chips frequently have a higher price point than their fried counterparts. Additionally, it is believed that the inadequate supply chain and the scarcity of adequate storage in numerous countries will impede market progress. Price-conscious customers could be reluctant to transition to baked chips, particularly if they think the price difference is substantial. A shoddy supply chain and inadequate infrastructure could cause problems for the market.

Covid-19 Impact

The pandemic had a minor detrimental effect on the baked chip market. Small market losses resulted from the disruption of supply chains and distribution routes in the early months of the epidemic; however, these losses were regained in the later stages. In addition to hindering production facilities, the COVID-19 pandemic has also affected supply chains, including those of material suppliers and distributors of the baked chips market internationally, which has led to a loss of business in terms of value sales. Due to their health benefits, snacks are a common food that many people consume all around the world. It is available in food products that can be consumed every day. Consumer demand for such a product is still strong.

The supermarkets and hypermarkets segment is expected to be the largest during the forecast period

The supermarkets and hypermarkets segment is estimated to have a lucrative growth, due to the availability of a broad range of consumer goods and food & beverages items under a single roof, ample parking space, and convenient operation timings. These shops give customers more options by carrying a variety of brands within a certain product area. Additionally, as metro areas rapidly urbanise and grow, there is a growing need for supermarkets and hypermarkets, which facilitate the efficient distribution of functional beverages and, consequently, spur market expansion.

The organic segment is expected to have the highest CAGR during the forecast period

The organic segment is anticipated to witness the fastest CAGR growth during the forecast period. Nowadays, people prefer baked chips than deep-fried ones since they want to eat better. Customers are looking for nutritious snacks that include nutritional elements like fibre, vitamins, and antioxidants in their meals as they become more health conscious. Since baked chips are low-fat and low-calorie, which is good for their health, this has led consumers to buy them.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to several factors, including consumer preferences for gluten-free products, a tendency to try new flavors and varieties, and the consumption of chips with moderate sodium content. Customers have also been actively seeking baked chip products that are manufactured with a higher percentage of organic or clean-label ingredients, are free of additives and preservatives, and are gluten-free.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increasing demand for baked goods and shifting cultural preferences. Due to the rising rates of consumer behaviour changes towards healthy foods and beverages and the knowledge of lifestyle modifications, this area will continue to dominate the market in the years to come. Producers present their goods in the market and emphasise celebrity endorsement campaigns in order to pique customer interest in their items.

Key players in the market

Some of the key players profiled in the Baked Chips Market include Mondelez International, Inc., The Kellogg Company, TagZ Foods, Guiltfree Industries Limited, PepsiCo, Inc., VMG Partners, General Mills, Inc., Brewer's Foods, Left Coast Naturals, Popchips, Kettle Foods, Inc., Herr Foods Inc., Bare Snacks, Burts Potato Chips, Calbee North America, Greendot Health Foods Pvt. Ltd., The Campbell Soup Company and Intersnack Foods GmbH.

Key Developments:

In March 2023, Pepsico is describing its new trial of paper-based and recyclable outer packaging for its Walkers brand of crisps as a first for savoury snacks flexible packaging in the UK.

In February 2023, Kettle Brand launched air-fried chip line into US market. ccording to Kettle Brand, the crisps are “the first-ever kettle-cooked, air-fried potato chip”. The crisps deliver a light, crispy texture with 30% less fat than the original versions and are available in Sea Salt & Vinegar, Jalapeno and Himalayan Salt flavours.

Sources Covered:
• Vegetable
• Fruit
• Grains
• Other Sources

Flavors Covered:
• Barbecue
• Classic
• Salty
• Other Flavors

Distribution Channels Covered:
• Convenience Stores
• Online Retail
• Supermarkets And Hypermarkets

Functionalities Covered:
• Low Sodium
• Gluten-Free
• Low Calories
• Organic
• Other Functionalities

End Users Covered:
• Restaurant and Cafes
• Household
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements