The global non-potato veggie chips market size is expected to reach USD 6.38 billion by 2032, according to a new study by Polaris Market Research. The report “Non-Potato Veggie Chips Market Share, Size, Trends, Industry Analysis Report, By Source (Root Vegetable Chips, Leafy Vegetable Chips, Others); By Flavors; By End-Use; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The major players in the market are working on innovating new product alternatives to potato chips due to the presence of higher amounts of calories. To tackle this issue, companies are working on innovating new health snacks. For instance, Lemonilo introduced cassamo healthy cassava chips in 2023 with 2 flavors: smoky BBQ & spicy BBQ. The widespread existence of smartphone users fueled awareness about healthy snacks. Furthermore, the list of ingredients used in snacks by companies is driving health-conscious consumers to check the disadvantages associated with food intake.
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The rise in popularity of healthier snacks is outpacing the rise in popularity of more conventional "junk" foods. According to recent statistics from the industrial player, demand for healthier snack options is up 252.41% this year compared to last year, but only by 138.61% for those considered to be unhealthy. This demonstrates the ongoing shift in consumer preferences towards healthy snacks, creating new growth potential for the non-potato veggie chips market soon.
Companies are stepping forward to meet ongoing consumer demand by innovating new product innovations in the market. For instance, Grace Foods introduced a new range of Caribbean-inspired chips under the Grace exotic chips portfolio in 2022. As companies introduce new non-potato veggie chips into the market, consumers are likely to adopt new snacking items driven by increasing disposable income and the need for convenience foods. New flavors and textures are likely to boost the adoption of non-potato veggie chips throughout the forecast period.
Non-Potato Veggie Chips Market Report Highlights
Polaris Market Research has segmented the non-potato veggie chips market report based on source, flavors, end-use, distribution channel and region:
Non-Potato Veggie Chips, Source Outlook (Revenue - USD Billion, 2019 - 2032)
Non-Potato Veggie Chips, Flavors Outlook (Revenue - USD Billion, 2019 - 2032)
Non-Potato Veggie Chips, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Non-Potato Veggie Chips, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Non-Potato Veggie Chips, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 4.22 billion |
Revenue forecast in 2032 |
USD 6.38 billion |
CAGR |
4.7% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019 – 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
Segments covered |
By Source, By Flavors, By End-Use, By Distribution Channel, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |