The U.S potato chips market size is expected to reach USD 11.31 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.4% during the forecast period. Rising number of flavors and surging demand for quick snacks are poised to contribute to the market during the forecast period. Moreover, rising disposable income and the busy lifestyles of consumers are likely to fuel the growth prospects of the market in the U.S.
Plain/Salted emerged as the largest product segment in the U.S potato chips market. The flavored segment is anticipated to expand at a CAGR of 5.8% from 2017 to 2025. The flavored segment includes a wide spectrum of chips including barbecue, sour cream & onion, salt & vinegar, hot and spicy, and dill pickle.
The supermarket segment is estimated to dominate the market due to the fact that consumers usually purchase a large number of products during their shopping trips. In addition, consumers prefer to purchase from shops with numerous options.
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Further key findings from the report suggest:
The flavored segment is projected to be the most promising segment expanding at a CAGR of 5.8% during the forecast period.
Supermarkets are poised to register a CAGR of 4.3% from 2017 to 2025 owing to the presence of a large number of supermarket chains and changing retail landscape
The convenience stores segment is likely to witness a CAGR of 5.4% during the same period. The location is the major influencing factor that drives the growth of this distribution channel
Other distribution channels in the U.S are service stations, drug stores, and online retail. This particular segment is likely to witness a sluggish growth of 2.4% over the forecast period
In February 2016, ConAgra Foods sold its private label business to TreeHouse Foods, which helped the company to enhance its private label dry and refrigerated grocery offerings.
Grand View Research has segmented the U.S potato chips market on the basis of flavor and distribution channel.
U.S. Potato Chips Flavor Outlook (Revenue, USD Million, 2014 - 2025)
U.S. Potato Chips Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025)
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