How big is the potato chip industry?

How big is the potato chip industry?

Therefore, the potato chips market value, which was USD 22.10 billion in 2020, will increase up to USD 31.18 billion by 2028. A promotional Potato Chips Market Research Report provides an overview of the Potato Chips Market Industry which is gaining momentum in the last few years.

What is the leading brand of potato chips?

Lay’s was the leading potato chip brand of the United States with about 1.7 billion U.S. dollars worth of sales in 2017, accounting for approximately 29.6 percent of the potato chip market that year. Potato chips are one of the subcategories of the retail snacking department.

Who controls the potato chip market?

The company’s collection of potato chip brands control nearly 60 percent of the U.S. potato chip market. Frito Lay is a subsidiary of Pepsico that mainly focuses on snack foods like potato chips. The company was formed in 1961 and merged with the Pepsi-Cola Company in 1965 to form Pepsico.

How are potato chips marketed?

The market is segmented into fried and baked. By flavor type, the market has been segmented into plain and salted chips and flavored chips. By distribution channel, the market studied can be segmented into hypermarkets/supermarkets, convenience stores, online channels, and other distribution channels.

How popular are potato chips?

Potato chips are one of the most popular snacks in the U.S. We consume more than 1.5 billion pounds every year, but once they were a luxury food only available at restaurants.

How much money does the potato chip industry make?

What is the market size of the Potato Chip Production industry in the US in 2021? The market size, measured by revenue, of the Potato Chip Production industry is $10.5bn in 2021.

What’s the most popular chips in the world?

Top 10 Bestselling Potato Chips Brand

  • ☃ Top one: Lay’s.
  • ☃ Top two: Ruffles.
  • ☃ Top three: Pringles.
  • ☃ Top four: Utz.
  • ☃ Top five: Kettle Brand.
  • ☃ Top six: Cape Cod Potato Chips.
  • ☃ Top seven: Herr’s.
  • ☃ Top eight: Wise.

How do you evaluate potato chips?

Traditionally the potato chip color has been measured instrumentally with special devices called colorimeters. In some European factories, some computer vision systems have been testing the online evaluation of potato chips, allowing chips to be sorted according to defects like black spots or blisters.

Which country eats most chips?

Potato crisps/potato chips consumption per country:

  • USA: 86%
  • France: 86%
  • GB: 84%
  • Egypt: 72%
  • Brazil: 51%
  • South Africa: 43%,
  • China: 28%.

What’s the forecast for the potato chips market?

Market Overview. The global potato chips market is forecasted to witness a CAGR of 4.40% during the forecast period (2019 – 2024).

Who is the market leader in potato chips?

PepsiCo. Inc. is one of the undisputed market leaders, with a stronghold over the majority of the fried potato chips market. Through its portfolio of strong brands in the potato chips market, PepsiCo has been creating a separate consumer base in every market it enters.

How is potato chip market affected by covid-19?

The outbreak of COVID-19 resulted in unprecedented stress on the supply chain of potatoes, resulting in a negative impact on the overall growth of the potato chip of the market. For instance, exports of dehydrated potatoes declined by 16% and fresh by 13% in 2020 as compared to the fiscal year 2019 in the United States.

Which is the best type of potato chips?

Our report has categorized the market based on product type and distribution channel. The potato chips market has been segmented on the basis of different type of product available for consumers including plain and flavoured. Currently, plain potato chips are the most preferred type of potato chips across the globe.

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