Zero calorie chips are increasingly becoming popular among millennial consumers owing to variety of taste and manufacturing that employs non-GMO ingredients. The global zero calorie chips market is expected to grow at a dexterous 7% CAGR during the forecast period (2020-2030). Consumer awareness about health hazards of traditional snacks propel the demand for zero calorie chips. Advancements in food manufacturing enable market players to introduce nutritional elements in everyday snacks. Prevalence of zero calorie chips points to the increasingly busy lifestyles that millennial consumers follow. On the back of these factors the zero calorie chips market will continue to produce remunerative opportunities throughout the forecast period.
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Key Takeaways of Zero Calorie Chips Market Study
- Puff chips lead the product type segment with more than 1/4th of total market share.
- Healthy potato chips are the most in demand 1/4th market share coupled with a healthy growth rate.
- North America maintains share-wide dominance accounting for 1/4th of the total market value.
- Middle East & Africa accounts for 17% market share which makes it the second most dominant region when dividing the global market.
- East Asia offers the most gainful opportunities for market players with a double digit growth rate throughout the forecast period.
- Direct to consumer distribution channels account for a majority of market share with over 40% of global sales coming from this segment.
- Online stores will offers lucrative growth opportunities on the back of internet savvy millennial consumers.
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Digital Distribution will Dictate Sales
Online channels of distribution will prevail as the most remunerative channels for sales in the market. Millennial consumers are likely to support this growth owing to their comfort with purchasing products online. Another factor that influences the growth of this market is government regulations and quality standards. Statutory bodies such as the US Food and Drug Association (USFDA) are lobbying manufacturing trends and establishing stringent quality standards. Hence, market players must be diligent in production and marketing of zero calorie chips.
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Zero Calorie Chips Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the zero calorie chips market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.