Global Strips and Chips Market, By Source Type (Brown, Red, Green), Distribution Channel (Convenience Stores, Specialty Stores, Online, Supermarket and Hypermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The strips and chips market size is expected to reach a value of USD 1,405.15 million by 2028. Strips and chips market report analyses the growth, which is currently being growing due to the high nutritional properties coupled with the product.
The strips and chips also known as crisp is a type of snack food in the form of a crisp, flat or slightly bowl shaped. These snacks are of bite-sized unit and most of the chips are savory snacks along with the sweet fruit chips.
The high demand for better-for-you food items among consumers is one of the major factors anticipated to drive the strips and chips market growth rate. Moreover, the rise in the trend of “free-from” food products as well as the high popularity of e-commerce is also expected to fuel the growth of the strips and chips market in the forecast period of 2021 to 2028. Also the market is largely driven by the rapid change in the lifestyle of people and high disposable income of individuals. Additionally, the rise in vegan consumers in various countries and the rapid surge in the awareness regarding healthy diet and nutritional food are also expected to highly impact the growth of the strips and chips market. While, the rise in the consumer preferences for readymade snacks along and the high purchasing capability of people are also amongst the major factors expected to fuel the growth of the strips and chips market in the above mentioned forecast period.
In addition, the high demand for new products with different ingredients, increase in the increase the demand for seaweed snacks and rise in preference for healthy foods are expected to bring various opportunities that will lead to the growth of the strips and chips market in the above mentioned forecast period.
However, the lack of financial support and government engagement along with the inappropriate marine spatial plans are expected to act as a major limiting factor for strips and chips market, whereas the, high production costs and uncertainty of raw materials can challenge the growth of the strips and chips market in the forecast period of 2021 to 2028.
This strips and chips market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the strips and chips market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Strips and Chips Market Scope and Market Size
The strips and chips market is segmented on the basis of source type and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on source type, the strips and chips market is segmented into brown, red and green.
- The distribution channel segment of the strips and chips market is segmented into convenience stores, specialty stores, online and supermarket and hypermarket.
Strips and Chips Market Country Level Analysis
The strips and chips market is analyzed and market size, volume information is provided by country, source type and distribution channel as referenced above.
The countries covered in the strips and chips market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the strips and chips market because of the increase in the rise in the demand for strips and chips food products and presence of several regional players. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in awareness regarding health and obesity and rapid shift in the inclination towards healthy diet consumption.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. This report also informs readers about the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Strips and Chips Market Share Analysis
The strips and chips market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to strips and chips market.
The major players covered in the strips and chips market report are Mission Foods, Tyson Foods, Inc., PepsiCo, Inc., Cargill, Incorporated, DuPont, gimMe Health Foods, Inc., Frito-Lay North America, Inc., Annie Chun’s, Inc., Kimnori USA, SeaSnax, KPOP Foods, and Ocean’s Halo, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.