Healthy Fruit And Vegetable Chips Market Growth & Trends
The global healthy fruit and vegetable chips market size is expected to reach USD 22.88 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 8.1% from 2022 to 2030. The shift in consumers’ preference toward functional snacks is driving the market growth of the healthy fruits and vegetable market. These snacks are lower in fat, and calories and include a high amount of proteins, fiber, and vitamins compared to fried chips. Furthermore, ready-to-eat and healthier snacking along with the emergence of vegan diets among health-conscious consumers is anticipated to propel the market demand for healthy fruits and vegetable chips.
The fruits segment is anticipated to register a faster growth over the forecast period. The positive market outlook can be contributed to the growing demand for nutrient-loaded processed snacks. Moreover, the rising prevalence of various health issues such as obesity, diabetes, and inclination towards healthy and clean eating will drive the market growth for this segment.
Apple chips held the largest revenue share in 2021 and are expected to maintain its dominance over the forecast timeline. Apple chips are loaded with fiber, potassium, calcium, iron, polyphenols, vitamins, and minerals which are beneficial for skin, reduce joint pain, maintain gum health, manage blood pressure levels, and aid in regulating the body’s natural metabolism. These snacks are consumed as an alternative to unhealthy fried snacks owing to their sweet taste. Such instances are boosting the segment growth.
The offline distribution channel dominated the market share in 2021. Physical verification and easy availability of the products are the two key factors driving product sales through various offline channels. The majority of market players focus on offline retail such as hypermarkets, supermarkets, grocery, and convenience stores to expand product reach.
Major players in the market include a combination of a few established players and many small players. Moreover, there is intense competition between the leading players in this market as some of them are major manufacturers and have a large customer base both on regional and international levels.
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Healthy Fruit And Vegetable Chips Market Report Highlights
North America is expected to contribute a majority of the share to become the largest division in 2021. The increasing demand for natural and organic snacks in the U.S. and Canada will support the regional market growth over the forecast period
The fruit segment is projected to register faster growth during the forecast period owing to its growing availability and various health benefits of fruits
The offline segment held the largest market share in 2021. However, the online channel is predicted to become a faster-growing segment during the forecast period owing to easy doorstep delivery services. Growing internet penetration and convenience of purchasing will further enhance the segment growth.
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