Code: MTA3693 | Publication Date: Jan 1970 |
Thebaked chips industry has grown massively in the last few years with healthy snacking becoming more popular among consumers. As consumer awareness continues to rise with the dangers of consuming high-fat and fried foods, baked chips are now establishing themselves as an alternative snack option with the same tastes, textures, and flavors but less calories. The overall market size for baked chips continues to grow globally, with North America and Europe leading the demand due to consumer markets health consciousness.
The Asia-Pacific also has tremendous growth potential characteristics, like changing eating habits and a greater extent of urbanization and increase in disposable income. It is estimated that this market will be growing at a healthy growth rate over the next decade, bolstered by new expanding variations of product types and kids of various healthy snacking options and product emphasis on clean-label snacks.
Several key factors are driving the baked chips market growth. First and foremost, the global movement towards healthier lifestyle choices has led individuals to gravitate towards snacks that meet wellness trends that are lower in fat, high in nutrients, and low in artificial ingredients. Baked chip adoption has also relied on food technology to make chips more delectable and enjoyable while still appealing to health benefits.
Additionally, we have seen acceptance of vegan, gluten free and plant based eating lead to innovation in the baked chip space, that serves those sub-categories and contributes to the increasing diversity of baked chips. The increased focus on sustainability and environment-friendly packaging has also influenced buyers' purchasing behaviour.
The baked chips industry is expected to see continued growth in the future due to increased demand for healthier snack options from consumers. Due to greater awareness of the health risks of fried snacks, baked chips are able to capitalize on their perceived nutritional aspects, including reduced fat content. Many market players are pushing innovation in baked chips to keep up with the diverse range of chips.
Some of these new innovations involve an array of flavors, increased clean-label products, and sustainable packaging. The growth of online retail has also allowed baked chips more reach globally. Though, healthy snack options and price sensitivity present challenges that may limit growth. Overall, the baked chips market is in a healthy position for growth, due to the trends related to better-for-you purchasing criteria.