Zero Calorie Chips Market 2022 to 2032 | Country Level Analysis, Current Trade Size And Future Prospective
The global zero-calorie chips market is expected to grow at a CAGR of 6.7% between 2022 and 2032, totaling around US$ 3.77 Bn by 2032. Surge in lifestyle diseases, increasing health awareness, rise in the millennial population, and a rapid shift towards healthy snacks are some of the key factors propelling sales of zero-calorie chips.
Millennial snacking culture worldwide is playing a crucial
role in driving the global zero-calorie chips market. Young consumers,
particularly millennials, are at the forefront of the snacking revolution, with
one in every four now reporting that they snack 4+ times per day, compared to
10% of Generation X and baby boomers.
Millennials are driving the market with what’s hot, tying
their interest in snacks to other values like demand for label-friendly and
organic ingredients, as well as less-processed foods. They also have a taste
for adventure in both food and experiences, so they seek out new and unique
products, such as salty snacks from other cultures or with bold, spicy flavors.
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Though millennials are ahead of the curve, many of the
trends behind snacking transcend generational boundaries, with adult consumers
across generations seeking an appropriate diet to help them lose or maintain
weight, and increasingly believing that snacking, or smaller meals, is a better
approach.
Although there is conflicting evidence about whether eating
small meals is truly beneficial for weight management, experts agree that the
quality of snacks, such as those containing whole grains, is important. Thus,
consumers are shifting their preferences towards healthy snacks like zero
calorie chips. This will continue to accelerate growth of the zero calorie
chips market.
Consumers today are not substituting convenience for
quality, rather they are becoming more mindful snackers, and looking for
products that are fresh, healthy, less processed, with simple, natural
ingredients.
Key Takeaways from Market Study
- Based
on source, the potato segment is likely to continue dominating the global
zero calorie chips market, accounting for around 64.9% of the revenue and
it is expected to grow with a CAGR of 5.9% over the forecast period.
- In
terms of price range, medium segment is expected to grow at 6.4% CAGR
between 2022 and 2032, holding around 6.4% CAGR over the forecast period.
- By
packaging type, the pouches segment is expected to grow at a CAGR of 3%
over the next ten years.
- The
U.S. zero calorie chips market is likely to grow at 9% CAGR
over the forecast period.
- Demand
for zero calorie chips in the U.K. is slated to grow at a CAGR of
around 2% between 2022 and 2032.
- The
zero calorie chips market in China is expected to grow at a CAGR of
around 2%over the forecast period.
“The rising demand for healthy and on-the-go snacks are
acting as catalysts for escalating growth of zero-calorie chips market. Besides
this, social media is also playing a silent role in advocating the adoption of
zero-calorie chips through lifestyle bloggers and dieticians.” says a
Future Market Insights analyst.
Competitive Landscape
Key manufacturers of global zero-calorie chips market are
majorly focusing on research & development in order to develop innovative
and unique product offerings. In addition to this, they are also concentrating
on mergers, acquisitions and joint ventures to expand their geographical
presence and also to increase the existing production capacity. For instance
- In
April 2022, Mondelēz International announced a US$ 1.3 billion deal with
Grupo Bimbo to acquire Ricolino, its confectionery business. Ricolino is a
growing company that is a market leader in Mexican confectionery.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an
impartial analysis of the global Zero-Calorie Chips market, presenting
historical data (2017-2021) and estimation statistics for the forecast period
of 2022-2032.
The study offers compelling insights based on Source
(Potato, Tortilla, Tapioca), by Distribution Channel (B2B, B2C) by Price Range
(Economy, Mid-Range, Premium) by Packaging (Pouches, Box, Combination Pack) and
across seven major regions of the world.
Information Source:
https://www.futuremarketinsights.com/reports/healthy-snack-chips-market
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