Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Healthy Fruit And Vegetable Chips Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Healthy Fruit And Vegetable Chips Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
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
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Major market players included in this report are:
Luke’s Organic
Rhythm Foods
GoPure
Rare Fare Foods, LLC
Walmart (Great Value)
Lantev
Plant Snacks
Rivera Foods
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.
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.
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The detailed segments and sub-segment of the market are explained below:
By Product:
Vegetable
Fruit
By Distribution Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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