Baked Chips Market Size was valued at USD 28.2 Billion in 2022. The Baked Chips market industry is projected to grow from USD 30.03 Billion in 2023 to USD 49.70 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2023 - 2032). The rising consumption of nutritious snacks among the working population, as well as dietary preferences, are significant industry drivers promoting market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market CAGR for baked chip's is driven by consumers' rising preference for baked food. Consumer preference for baked foods over fried foods is a crucial factor driving market expansion. Furthermore, baked dishes are considered low-cholesterol foods compared to their fried equivalents. Furthermore, fried foods lose their nutrition because they are cooked at high temperatures. Consumer dietary patterns change dramatically as the demand for healthier food products rises. Consumers nowadays seek health-based baked snacks that can help them maintain good health while providing flavor and convenience. As a result, baked snacks are thought to be healthier and more nutritious than fried snacks. Furthermore, many consumers are willing to spend more on healthy snack items. As a result, manufacturers introduce new items to meet customer demand for baked goods.
Ancient grains are gaining popularity due to their health benefits, which raise consumer interest in grain eating. Snack products are increasing, including grains such as malt and whole grains. The market is growing due to increased healthy eating habits caused by using whole grains snacks. People are attempting to consume more whole grains. Whole grain snack foods are thought to reduce the risk of acquiring cancer and diabetes because they contain dietary fiber, protein, vitamins, and magnesium.
Furthermore, the makers introduced new items with grain ingredients in their snacks. The availability of numerous snacks in various flavors and a substantial shift in customers' eating habits drive demand for healthy food products. Consumers nowadays choose healthy snack products that can help them maintain good health while being tasty. Furthermore, the working millennial generation is driving the market for low-calorie, low-fat, gluten-free, whole wheat snacks such as savory snacks and bakery products with no chemical preservatives and flavors. Products like roasted veggie chips, roasted pita chips, and nutritious muesli bars are high in fiber, which aids in weight loss by keeping you satiated for longer. Thus, driving the Baked Chips market revenue.
Based on the source, the Baked Chips market segmentation includes vegetables, fruits, cereals, grains, and others, By Functionality (Organic, Gluten-Free, Low Calories, Low Sodium, And Others). The vegetables segment dominated the market, accounting for 45% of market revenue. Iron, vitamin A, protein, fiber, and vitamin C are all found in vegetable-based chips. They have fewer calories and fat than regular potato chips. As a result, they are a favorite snack for those attempting to lose weight. Veggie chips with various colors, shapes, sizes, and textures are more aesthetically appealing and create a more thrilling crunch and chew feeling.
Based on functionality, the Baked Chips market segmentation includes organic, gluten-free, low calories, low sodium, and others. The organic segment dominated the market. People nowadays prefer baked chips to deep-fried chips because they choose healthier options. Customers are becoming more health conscious and seeking healthy snacks that include functional components such as fiber, vitamins, and antioxidants in their diets. This has prompted them to purchase baked chips since they are low-fat and low-calorie, which benefits their health.
Based on distribution channels, the Baked Chips market segmentation includes store-based and non-store-based. The store-based category generated the most income (70.4%). Consumers like store-based categories because they provide a wide range of things, from food and beverages to consumer goods, all in one location. Furthermore, supermarkets are considered a convenient food alternative for acquiring frozen or fresh products because they can be conveniently stored, contributing to their quality attributes. The most popular are nuts and seeds and baked chips, highly preferred and widely available through retail channels. Furthermore, supermarkets and hypermarkets offer various options that allow customers to obtain various products.
Figure 1: Baked Chips Market, by Distribution channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Baked Chips market area will dominate this market due to rising demand for tastier and healthier snacks while maintaining nutritional quality and the existence of high-income consumers in the region who favor baked savory snacks for their convenience.
Hence, the main countries covered in the market report are German, Italy, The US, Canada, Spain, China, Japan, India, France, the UK, Australia, South Korea, and Brazil.
Figure 2: BAKED CHIPS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe holds the second-largest market share for Baked Chips because of the growing demand for baked chips and the use of convenience foods. Snacking on social occasions or on the road is common in European countries, but more customers prefer healthier snacking options. Healthier snacks typically consumed between meals, are the greatest market for organic and natural snacks. Furthermore, the German Baked Chips market had the biggest market share, while the UK Baked Chips market was the fastest expanding market in the European region.
The Asia-Pacific Baked Chips Market is estimated to expand at the quickest CAGR between 2023 and 2032. Growing rapidly due to several factors, including consumer preferences for gluten-free products, a predisposition to try new flavors and varieties, and consumption of chips with reduced salt content. Furthermore, buyers have been actively seeking gluten-free, additive- and preservative-free baked chip foods made with a higher percentage of organic or clean-label ingredients. Furthermore, China's Baked Chips market had the greatest market share, while India's Baked Chips market was the fastest expanding market in the Asia-Pacific region.
Leading industry companies are making significant R&D investments to diversify their product offerings, which will drive the Baked Chips market’s expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. To expand and survive in a more competitive and tough market climate, the Baked Chips industry must produce inexpensive products.
Local manufacturing to minimize operating costs is one of the key business tactics manufacturers use in the Baked Chips industry to support clients and increase the market sector. In recent years, the Baked Chips industry has offered some of the most significant advantages. Major players in the Baked Chips market, including Pringles, The Kellogg Company, General Mills Inc. and others, are attempting to increase market demand by investing in research and development operations.
Pringles is a brand of stackable potato chips created by Procter & Gamble in 1968 and branded "Pringle's Newfangled Potato Chips." Kellogg's bought the brand in 2012. Pringles are saddle-shaped potato chips. The Pringles brand has had an intriguing history and is noted for its distinctive can in which Pringles chips are sold. The chip can is meant to prevent crushing and to keep Pringles intact and uniform for the consumer. In May 2019, Kellogg's popular subsidiary "Pringles" has announced the release of a new edition dubbed "Pickle Rick Flavour." This flavor was inspired by the popular cartoon "Rick and Morty" and was created for the US market.
PeaTos is on a quest to make America's favorite snacks healthier and free of artificial ingredients. With brands such as Cheetos, Doritos, and Funyuns, PeaTos is challenging Frito Lay's current monopoly in salty chips. They utilize a combination of art and science to recreate the incredible taste and joy of traditional Junk Food, but by replacing the typical corn filler with nutrition-dense peas and lentils and removing all of the chemical muck, PeaTos has discovered a method to produce 'Junk Food WITHOUT The Junk. In June 2021, Peatos, a pea-based snack brand, introduces tortilla-style chips in three flavors: nacho cheese, zesty ranch, and fiery vegan nacho. The goods were created as a healthier alternative to Doritos.
Baked Chips Industry Developments
March 2022: The footlong sandwich was first, then the footlong cookie, and now the BAKED Lay's Footlong. BAKED Lay's has revealed its latest collaboration with Subway, showcasing the world's first 12-inch crisp just in time for National Potato Chip Day. This new crunchy invention will be available exclusively at a Subway in Frisco, Texas, on Tuesday, March 14. Everything is bigger in Texas, which makes it the ideal location for Lay's and Subway to promote the BAKED Lay's Footlong.
February 2022: BRB introduced popcorn-flavored chips. Furthermore, the product line is available on the company's D2C website and Amazon.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 28.2 Billion |
| Market Size 2023 | USD 30.03 Billion |
| Market Size 2032 | USD 49.70 Billion |
| Compound Annual Growth Rate (CAGR) | 6.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type ,Functionality, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Popchips (US)General Mills (US)Frito-Lay (US)Greendot Health Foods Pvt. Ltd. (India)Kettle Foods, Inc. (US)Calbee North America (US)Burts Potato Chips Ltd. (UK)Intersnack Foods GmbH (Germany)PepsiCo, Inc. (US)The Campbell Soup Company (US)Bare Snacks (US)Hippie Snacks (Canada)Kelloggs (US) |
| Key Market Opportunities | Development of new products |
| Key Market Dynamics | The Introduction of new flavours |
Baked Chips Market Highlights:
Frequently Asked Questions (FAQ) :
The Baked Chips market size was valued at USD 28.2 Billion in 2022.
The market is projected to grow at a CAGR of 6.50% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Popchips (US)General Mills (US)Frito-Lay (US)Greendot Health Foods Pvt. Ltd. (India)Kettle Foods, Inc. (US)Calbee North America (US)Burts Potato Chips Ltd.
The vegetable category dominated the market in 2022.
The store based had the largest share in the market.
Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
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