An Incisive, In-depth Analysis on the Healthy Snack Chips Market
This study offers a comprehensive, 360 degree analysis on the Healthy Snack Chips market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Healthy Snack Chips market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Zero Calorie Chips Market to Witness Robust Growth
Consumer trends that emphasize importance of low calorie or zero calorie snacking will propel the zero calorie chips market growth. As per Future Market Insights (FMI), the market will expand at a CAGR of above 7% between 2020 and 2030. The growth will be a collective result of favorable dietary trends and technological developments in convenience food manufacturing.
Healthy Puff Chips Sales Bolstered by Rising Consumer Preference
Among products available in the global market for zero calorie chips, the demand for puff chips variety is considerably high. Healthy puff chips maintain share-wide dominance with more than 1/4th of total market share. This is followed by healthy potato chips owing to their popularity as the oldest type of snack. Healthy potato chips account for over 1/4th of market share with the most lucrative growth rate. Manufacturers and consumers alike prefer healthy potato chips. For consumers it is comfort of a staple snack and for manufacturers it is the easy availability of raw material which makes healthy potato chips the most remunerative segment in the market.
North America Leads Global Sales, East Asia Offers Lucrative Opportunities
North America leads global sales with over 1/4th of market share and a steady growth rate throughout the forecast period. Millennial consumers are a driving force for zero calories snacks in countries such as the U.S. Convenience food products such as zero calorie chips garner increasing demand on the back of surging adoption of ready-to-eat (RTE) food products. Consumers are looking for food products that can be easily integrated with busy lifestyles. Middle East & Africa (MEA) follow the ‘early adopter’ region with a market share of 17% and a dexterous growth rate of 8% through the end of 2029. Developing economies in MEA are witnessing accretive penetration of healthy eating trends. East Asia offers the most remunerative growth prospects with a double digit CAGR of 10% through the end of 2029.
Rising Population of Health Conscious Consumers will Drive Mass-adoption
Manufacturers are under pressure from consumers due to the rising demand for good quality nutritional products. The demand is especially high in the zero calorie chips category, since snack chips have traditionally termed as ‘junk food’ by consumers. Surging medical diseases such as obesity, and blood pressure problems will drive demand for zero snacks chips as consumers will increasingly look for healthy alternatives. Tapioca zero calorie chips is expected to emerge as a popular choice among millennial consumers. This can be attributed to the increasing popularity of the product type as an instant source of energy.
Sales Lie in Direct-to-Consumer Channels
Direct to consumer distribution channels account for a majority market share of over 40% of the current market value followed by super markets which holds 1/4th market share. Gainful growth opportunities lie in online store segment which is expected grow at a healthy growth rate of over 6% through the end of forecast period. Internet savvy millennial consumers are driving mass-adoption of online stores. Coupled with surging interest in health conscious diets, new consumers are expected to adopt zero snacks chips during the forecast period.
Zero Calorie Chips Market - Key Research Findings
- The market will exhibit a CAGR of 7% between 2019 and 2029.
- Puff chips will account for a fourth of the overall zero calorie chips market through the forecast period.
- Healthy potato snack chips account for 1/4th of the overall market value.
- Direct-to-consumer distribution channels remain highly preferred.
- Online stores will generate lucrative opportunities, driven by demand from millennial consumers.
Key Factors Shaping the Zero Calorie Chips Market
- Rising Demand for RTE Meals is Rising
Millennials are an important driving force behind the growth of the zero calorie chips market. Snacks and RTE products are replacing elaborate meals, thereby leading to an increased sales of products that are healthy as well as convenient. Prominent product categories in the market include tortilla, popcorn, potato, and pop chips. While changes in food consumption and snacking habits may seem to have considerable impact on sales proceeds, zero calorie chips will be in high demand once coronavirus passes.
- Potato Chips Segment is Projected to Exhibit High Growth
Potato chips have remained highly popular and a global favorite in the snacking community. Innovations in manufacturing technologies ensuring production of healthy and zero calorie potato chips can prove to be a boon for the market. This, coupled with bold promotion strategies adopted by market players will give significant impetus to the market in the near future.
- Healthy Snacking Habits Aids Expansion
Consumers are more willing to pay for healthier snacks. Long working hours and hectic life have bolstered the demand for snacks around the world. However, increasing stress due to unhealthy lifestyle and unbridled snacking habits have led to the higher incidence of various diseases. Since consumers nowadays have become highly aware, they are more likely to spend on healthier varieties of snacks. This will enable the zero calorie chips market gain momentum.
Zero Calorie Chips Market - Structure Analysis
- Manufacturers are leveraging high growth potential of zero calorie chips market across various regions.
- Market players are targeting investments in food technology, to meet the global demand for zero calorie chips.
Base year considered
Actual estimates/ Historical data
2014 - 2018
2019 - 2029
Market Value in 2019
Form, Application, Function and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Deep River Snacks, The Kellogg Company, Frito-Lay North America Inc., Mission Foods, BFY Brands, Tastemorr Snacks, General Mills Inc., Shearer’s Snacks, ARA Food Corporation, Herr’s Food Inc., Popchips, and Snyder’s-Lance Inc.
Zero Calorie Chips Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the zero calorie chips market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
The global zero calorie chips market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Product Type
By Distribution Channel
Chapter 01 - Executive Summary
The executive summary of the zero calorie chips market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global zero calorie chips market.
Chapter 02 - Market Introduction
Readers can find the detailed segmentation and definition of the zero calorie chips market in this chapter, which will help them understand basic information about the zero calorie chips market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the zero calorie chips market report.
Chapter 03 - Market Background
The associated industry assessment of the zero calorie chips market is carried out in this section. The macroeconomic factors affecting growth of the zero calorie chips market are provided in this section and the impact of these macroeconomic indicators on the zero calorie chips market is analyzed. The processing overview and technological advancements in the zero calorie chips market is also provided.
Chapter 04 - Global Zero Calorie Chips Market Value Chain
Profit margins at each level of the zero calorie chips market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 05 - Market Dynamics
The drivers and restraints impacting the growth of the zero calorie chips market are explained in this chapter. Opportunities and ongoing trends in the zero calorie chips market are also comprehensively discussed.
Chapter 06 - Global Zero Calorie Chips Market Analysis and Forecast 2015-2029
This chapter includes detailed analysis of the historical zero calorie chips market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030). This chapter provides details about the zero calorie chips market on the basis of product type, and by distribution channel. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the zero calorie chips market is anticipated to grow across North America, Latin America, Europe, South Asia, Oceania, East Asia and Middle East and Africa.
Chapter 07 - North America Zero Calorie Chips Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the zero calorie chips market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type and countries in the North America region.
Chapter 08 - Latin America Zero Calorie Chips Market Analysis 2015-2019 & Forecast 2020-2030
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the zero calorie chips market in the Latin America region. This chapter also includes growth prospects of the zero calorie chips market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Chapter 09 - Europe Zero Calorie Chips Market Analysis 2015-2019 & Forecast 2020-2030
Important growth prospects of the zero calorie chips market based on its end user in several countries such as Germany, Italy, France, U.K., Spain, BENLUX, Russia and Rest of Europe are included in this chapter.
Chapter 10 - South Asia Zero Calorie Chips Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the zero calorie chips market in South Asia region including the important growth prospects of the zero calorie chips market in several countries such as India, Thailand, Indonesia, Malaysia, and Oceania and Rest of South Africa are included in this chapter.
Chapter 11 - East Asia Zero Calorie Chips Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the zero calorie chips market in East Asia region including the important growth prospects of the zero calorie chips market in several countries such as China, Japan and South Korea are included in this chapter
Chapter 12 - Oceania Zero Calorie Chips Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the zero calorie chips market in the Oceania. Readers can also find regional trends, regulations, and market growth of countries in the Oceania
Chapter 13 - Middle East and Africa Zero Calorie Chips Market Analysis 2015-2019 & Forecast 2020-2030
This chapter offers insights into how the zero calorie chips market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, Northern Africa and the Rest of MEA, during the forecast period 2020-2030.
Chapter 15- Competition Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the zero calorie chips market along with their market presence analysis by region and product portfolio. Readers can find a comprehensive list of leading manufacturers in the zero calorie chips market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players and end users featured in the report The Kellogg Company, Mission Foods, Tastemorr Snacks, Shearer's Snacks, Herr's Food, Inc., Snyder's-Lance, Inc. , PopChips Market , ARA Food Corporation, General Mills, Inc., BFY Brands, Frito-Lay North America, Inc., Frito-Lay North America, Inc., Deep River Snacks and others.
Chapter 16 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the zero calorie chips market report.
Chapter 17 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the zero calorie chips market.
Sources and Primary Research Splits (%)