The Latin America, Middle East and Africa Baked Chips Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 20,840.1 Tonnes, showcasing a growth of 10.0% (2024-2031).
Convenience stores serve as convenient outlets for baked chips, offering on-the-go consumers quick and accessible snacking options. The popularity of these chips in convenience stores stems from their convenient packaging and long shelf life, making them ideal for impulse purchases or as grab-and-go snacks. Therefore, the convenience stores in Brazil sold 1,150.04 Tonnes of this product in 2023.
The Brazil market dominated the LAMEA Baked Chips Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $249.5 million by 2031. The Argentina market is showcasing a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.2% during (2024 - 2031).
The increasing number of supermarkets is another pivotal factor that boosts the growth of baked chips. Supermarkets provide extensive distribution networks, allowing the manufacturers of this product to reach a larger audience. With more supermarkets opening, especially in growing urban areas, the geographic coverage for these chips increases, leading to higher accessibility and sales potential. These chips benefit from being readily available alongside other groceries.
Consumers are increasingly prioritizing health and wellness, leading to a shift away from traditional fried snacks towards healthier alternatives. As awareness of the health benefits of this product grows, more consumers are incorporating them into their snack choices. These products cater to consumers with specific dietary preferences and restrictions, such as gluten-free, vegan, or dairy-free diets.
In countries across LAMEA, there is a growing trend towards healthier eating habits, with consumers seeking snacks that are lower in fat, calories, and artificial ingredients. In addition, as internet penetration and online shopping continue to grow in these regions, consumers are increasingly turning to e-commerce platforms to purchase a wide range of products, including snacks like these chips. Therefore, owing to all of these aforementioned factors, the market is expected to grow rapidly in the region throughout the forecast period.
Free Valuable Insights: The Worldwide Baked Chips Market is Projected to reach USD 10.7 Billion by 2031, at a CAGR of 6.3%
Based on End User, the market is segmented into Household, Restaurant & Cafes, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience stores, Online Retail, and Others. Based on Source, the market is segmented into Vegetables, Fruits, Cereals, Grains, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By End User (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Source (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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