According to a new report, published by KBV research, The Global Baked Chips Market size is expected to reach $10.7 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,97,162.9 Tonnes, experiencing a growth of 12.6% (2020-2023).
The rising popularity of plant-based snacks is a significant trend shaping the baked chips market. As consumers become more aware of the environmental impact of animal agriculture, many are seeking more sustainable and eco-friendly plant-based alternatives. One of the key drivers of this trend is the growing concern about sustainability. Animal agriculture is a major contributor to greenhouse gas emissions, deforestation, and water pollution. Consumers can reduce their environmental footprint and contribute to a more sustainable food system by choosing plant-based snacks like baked chips.
The baked chips market is gaining traction due to the health benefits associated with plant-based diets. Plant-based foods, including baked chips, are often lower in saturated fats and cholesterol, making them a healthier alternative to traditional snack foods. Baked chips, baked instead of fried, are also lower in fat and calories, making them an appealing choice for health-conscious consumers. The availability of a diverse range of plant-based snacks, including baked chips, further fuels their popularity. Manufacturers increasingly offer plant-based alternatives to traditional snack foods, providing consumers with healthier snacking options.
The Restaurant & Cafes segment would exhibit a CAGR of 6.9% during (2024 - 2031). As consumers become more health-conscious and seek alternatives to traditional fried snacks, baked chips offer a nutritious and satisfying option that aligns with their dietary preferences. Restaurants and cafes respond to this demand by incorporating baked chips into their menus as a side dish, appetizer, or accompaniment to main courses, providing their customers with a flavorful and guilt-free.
The Supermarkets & Hypermarkets segment is leading in the Global Baked Chips Market by Distribution Channel in 2023; thereby, achieving a market value of $4.1 billion by 2031. Supermarkets and hypermarkets offer a wide selection of baked chips from various brands, flavors, and packaging sizes. Consumers can choose from an extensive range of options, including classic flavors like sea salt, barbecue, sour cream, onion, and specialty and gourmet varieties. Seasonal displays and themed promotions for holidays, sporting events, or special occasions create excitement and drive impulse purchases.
The Cereals segment is experiencing a CAGR of 7% during (2024 - 2031). Baked chips are primarily made from cereal grains such as wheat, corn, rice, oats, or barley. They are typically produced using baking rather than deep-frying, making them a healthier alternative to traditional fried potato chips. Cereal-based baked chips come in various flavors to cater to diverse consumer preferences.
Full Report: https://www.kbvresearch.com/baked-chips-market/
The North America region dominated the Global Baked Chips Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.7 billion by 2031. The Europe region is anticipated to grow at a CAGR of 5.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 7.1% during (2024 - 2031).
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)
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