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Global Potato Chips Market to Reach US$ 36.59 Billion by 2026.
According to a new report by Expert Market Research, the global sales of potato chips reached a value of US$ 31.87 Billion in 2020 and is further expected to reach a value of US$ 36.59 Billion by 2026.
Potato chips currently represent the second largest category of savoury snacks. On account of their reasonable price, crispiness and availability in a variety of flavours, they are preferred by the majority of the global population. According to a new report by Expert Market Research, the global sales of potato chips reached a value of US$ 31.87 Billion in 2020 and is further expected to reach a value of US$ 36.59 Billion by 2026.
Factors that are currently driving the global potato chips market include rising global population, increasing disposable incomes, urbanization, rising demand for packaged food and growth in emerging markets. Hectic lifestyles and long working hours have also shifted the consumption patterns of the consumers towards convenience and ready-to-eat foods. As a result, they have developed an affinity towards snack foods like potato chips. Furthermore, in order to keep up with the consumer‘s changing demand patterns, manufacturers are constantly bringing variations in ingredients, flavours and taste. Some of the popular and innovative flavours of potato chips include plain, barbecue, sour cream & onion, cheese, jalapeno, creamy garlic caesar, bacon mac & cheese, cinnamon bun, etc.
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Key findings from the report:
- Major markets for potato chips include North America, Asia-Pacific, Europe and Others.
- Country-wise, the United States dominated the market with a share of nearly one-fourth of the total global volumes in 2018. Other major markets include the North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- Some of the major players operating in the global potato chips market are Calbee Foods Co., ltd, Herr, Intersnack Group, PepsiCo, Synder’s-Lance and UTZ Quality Foods.
- These players are focussing on high-quality products and are targeting developing markets by expanding their production and geographical reach.
Expert Market Research has analyzed the global potato chips market according to region, country and major players:
Market breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market breakup by Country
- The United States
- United Kingdom
- Russia
- China
- Argentina
- Brazil
- India
Top Players
- Calbee Food Co.,ltd
- Synder’s-Lance
- Herr
- PepsiCo
- UTZ Quality Foods
- Intersnack Group
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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