Global Healthy Fruit And Vegetable Chips Market is valued approximately USD 11.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2022-2029. The market demand is being driven by consumers' shifting preferences toward flavorful, convenient, and practical ready-to-eat snacks. Consumers are looking for ready-to-eat, time-saving, and wholesome snacks, which is expanding market potential for fruit and vegetable chips. In April 2021 report from the National Library of Medicine, it was discovered that a sizeable amount of the population's snacking has increased by 18.9% to 45%. According to the National Online Consumer Survey from June 2021, the pandemic outbreak has led to nearly 31.0% of consumers looking for vitamins and minerals in their snacks. Therefore, increasing customer interest in consuming functional foods is fueling market expansion.
Obesity and diabetes are becoming more common among consumers as a result of a sedentary lifestyle, which is predicted to increase demand for healthy snacks like fruit and vegetable chips. Additionally, obesity has been labelled a public health concern in the United States. In June 2021, the World Health Organization estimates that 32% of adults in the United States and 40% of adults in the country, respectively, would be obese. A growing number of customers are being encouraged by these demographic trends to switch to healthier snack options and keep a healthy weight. However, throughout the projection period of 2022-2029, Healthy Fruit and Vegetable Chips' high price restrains market expansion.
The key regions considered for the Global Healthy Fruit and Vegetable Chips Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the dominance of branded products and the region's increasing obesity prevalence. Asia Pacific is expected to grow significantly during the forecast period, due to expanding consumer demand in the region, leading manufacturers are introducing more and more intriguing flavours there, which is anticipated to promote market expansion in the future years. For instance, Pringles introduced "Veggie Creations" in May 2021, a new line of potato chips with a vegetable and spice theme.
Major market players included in this report are:
Rare Fare Foods, LLC
Walmart (Great Value)
Seneca Foods Corp.
Spare Snacks Limited
Recent Developments in the Market:
In January 2022, Beyond Snacks introduced banana chips in four flavours: peri-peri, onion, black pepper, and sour cream.
In May 2021, Veggie Creations, a new line of potato chips with a vegetable and spice theme, was introduced by Pringles. The product line comes in a variety of tastes, including potato, purple sweet potato, and sea salt, as well as potato, tomato, with mozzarella, and herbs.
In July 2021, A new line of thin-cut fruit chips in the exotic tastes of oranges, kiwis, and apples was introduced by RIND Snacks, Inc., a producer of sustainable fruit snacks. Natural fibre, vitamins, and antioxidants are present in the product line.
Global Healthy Fruit And Vegetable Chips Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Distribution Channel:
Rest of the World