The potato chips industry is a significant player in the snack food market, providing consumers with a beloved and convenient treat. In this blog post, we will delve into the fascinating world of potato chips industry statistics, exploring trends, consumption patterns, market size, and more. Join us as we crunch the numbers and uncover the insights behind this iconic snack food industry.
The Latest Potato Chips Industry Statistics Explained
In 2020, the global potato chips market was valued at about 28.44 billion U.S. dollars.
The statistic stating that the global potato chips market was valued at about 28.44 billion U.S. dollars in 2020 provides insight into the economic significance and scale of the industry. This figure represents the total market value of potato chips products sold worldwide, indicating the size and demand for this popular snack food. The substantial market value highlights the widespread consumption and production of potato chips across various regions and emphasizes the significant role of this product within the global food market. This statistic serves as a key indicator of the market’s size and potential for growth, attracting attention from businesses, investors, and policymakers seeking to understand trends and opportunities within the potato chips industry.
By 2021, the U.S. potato chips market was projected to generate retail sales of approximately 10.52 billion U.S. dollars.
The statistic indicates that in 2021, the U.S. potato chips market was expected to generate total retail sales of around $10.52 billion. This projection suggests a significant value for the market size of potato chips in the United States. Retail sales figures are important indicators of consumer demand and market trends, reflecting the popularity and consumption habits of potato chips among consumers in the country. The projected sales value also highlights the economic significance of the potato chips industry within the broader snack food market and the overall food and beverage sector in the United States.
As of 2017, PepsiCo led the market with a value share of 57.7%.
The statistic ‘As of 2017, PepsiCo led the market with a value share of 57.7%’ indicates that in the year 2017, PepsiCo held the largest market share when measured by the value of goods sold compared to its competitors in the same industry. A value share of 57.7% suggests that PepsiCo generated sales revenue amounting to 57.7% of the total sales revenue in the market. This statistic highlights PepsiCo’s dominant position in the industry and its competitive advantage over other companies operating in the same market sector during that time period, showcasing its strong market presence and leadership in the beverage and food industry.
U.S. private label is the second largest manufacturer of potato chips with a market share of 5.9% as of 2017.
The statistic indicates that U.S. private label brands are the second largest producer of potato chips in the market, holding a market share of 5.9% as of 2017. This means that approximately 5.9% of all the potato chips sold in the US during that year were manufactured by private label brands. Private label brands typically refer to products that are manufactured by one company but sold under the brand name of a retailer or other reseller. The fact that private label brands hold the second-largest market share signifies their significant presence in the potato chip industry alongside other well-known national brands. This statistic provides insight into the competitive landscape of the potato chip market and the importance of private label brands as key players within this industry.
The U.S. potato chip market generated a revenue of $6 billion in 2016.
The statistic indicates that the U.S. potato chip market generated a total revenue of $6 billion in the year 2016. This figure represents the combined sales value of potato chips within the United States for that particular year. It suggests that potato chips were a significant and profitable product category within the U.S. snack food industry during that time, with consumers contributing to substantial economic activity through their purchases of potato chips. This statistic can be used to gauge the market size, competitiveness, and growth potential of the potato chip industry within the U.S. in 2016.
Since 2012, the potato chip industry has grown by 1.0% per year.
The statistic “Since 2012, the potato chip industry has grown by 1.0% per year” indicates that the potato chip industry has experienced a consistent annual growth rate of 1.0% since the year 2012. This means that the industry’s overall size and revenue have increased by an average of 1.0% each year during this time period. The growth rate suggests that the potato chip industry has been relatively stable and has been able to attract continued consumer demand and market expansion. This information can be useful for stakeholders in the industry, investors, and policymakers to understand the industry’s performance and trends over the past few years.
Europe dominated the potato chips market and held more than 40% share of the global revenue in 2018.
This statistic indicates that Europe had a significant influence on the potato chips market in 2018, holding more than 40% of the total global revenue generated from potato chips sales. This dominance suggests that European countries were key players in the production, distribution, and consumption of potato chips during that year. Factors such as popular flavors, established brands, and consumer preferences likely contributed to Europe’s strong market position in the potato chips industry. This statistic highlights Europe as a major market force within the global potato chips market in 2018.
By the end of 2025, India’s potato chips market is projected to reach a value of nearly US$ 3,400 Mn.
The statistic that India’s potato chips market is projected to reach a value of nearly US$ 3,400 Mn by the end of 2025 indicates an expected significant growth in the market for potato chips in India over the next few years. This projection suggests that the demand for potato chips is on the rise in India, likely driven by factors such as changing consumer preferences, increasing disposable income, and evolving snacking habits. The market value of US$ 3,400 Mn signifies a substantial economic value attributed to the potato chips industry in India by the end of 2025, highlighting the potential for growth and investment opportunities in this sector.
The APAC region is projected to register the highest CAGR of 4.3% during the period from 2017 to 2025 in the global potato chips market.
The statistic indicates that the Asia-Pacific (APAC) region is expected to experience the highest Compound Annual Growth Rate (CAGR) of 4.3% in the global potato chips market from 2017 to 2025. This implies that the demand for and consumption of potato chips in the APAC region is projected to increase at a faster rate compared to other regions during this period. Factors contributing to this growth could include changing consumer preferences, rising disposable incomes, increasing urbanization, and expanding retail distribution networks in the APAC countries. This forecast suggests significant opportunities for potato chips manufacturers and industry players to capitalize on the growing market potential in the APAC region in the coming years.
In 2015, around 14.36 billion 1oz servings of potato chips were consumed in the U.S.
The statistic suggests that in 2015, approximately 14.36 billion servings of potato chips, each measuring 1 ounce, were consumed by individuals in the United States. This figure highlights the significant popularity and widespread consumption of potato chips as a snack food in the U.S. The large quantity of servings consumed underscores the widespread availability of potato chips and their widespread appeal to consumers. The statistic also serves as an indicator of the scale of the snack food industry, reflecting the immense market demand for potato chips in the country during that year.
The U.S. produced about 1.6 million tons of potato chips in 2019.
The statistic “The U.S. produced about 1.6 million tons of potato chips in 2019” indicates the total quantity of potato chips manufactured within the United States during the year 2019. This figure reflects the significant scale of potato chip production in the U.S., highlighting the popularity and widespread consumption of this snack food item. Understanding the production volume of potato chips is crucial for various stakeholders such as industry professionals, policymakers, and consumers to analyze trends in food production, market demand, supply chain dynamics, and economic impact within the snack food industry. The statistic serves as a key indicator of the country’s snack food manufacturing output and consumption patterns, providing valuable insights into the food industry’s performance and market trends.
In 2017, the average American ate 6.6 pounds of potato chips.
The statistic that in 2017, the average American ate 6.6 pounds of potato chips indicates the typical amount of potato chips consumed by individuals in the United States during that year. This figure represents the mean quantity of potato chips consumed across the entire population, suggesting that on average, Americans consumed approximately 6.6 pounds of potato chips each. This statistic provides insight into the preferences and consumption habits of the American population, shedding light on the popularity and prevalence of potato chips as a snack food choice during that specific year.
Lays is the leading potato chip brand in the United States, with sales reaching around 1.86 billion U.S. dollars in 2017.
The statistic that Lays is the leading potato chip brand in the United States, with sales totaling around 1.86 billion U.S. dollars in 2017, highlights the significant market dominance and financial success of the brand within the potato chip industry. This figure not only indicates the popularity of Lays amongst consumers but also reflects its competitive edge over other potato chip brands in the U.S. market during the specified year. The substantial sales revenue achieved by Lays underscores the strong demand for its products and the effectiveness of its marketing strategies in capturing a significant share of the potato chip market.
In 2020, the potato chips sector in the US recorded a growth of over 5%, driven by the pandemic’s impact on consumer behavior.
The statistic highlights that the potato chips sector in the US experienced a growth rate of over 5% in 2020. This growth was primarily attributed to the impact of the pandemic on consumer behavior. During the COVID-19 pandemic, there was a significant shift in consumer preferences and habits, with more people staying at home and turning to comfort foods like potato chips for snacking. This increased demand for potato chips contributed to the sector’s growth despite challenging economic conditions in other industries. The statistic underscores the resilience and adaptability of the potato chips market in responding to changing consumer needs during unprecedented times.
The potato chips sector is set to record a CAGR of 4.3% during the forecast period of 2022-2027.
The statistic suggests that the potato chips sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period from 2022 to 2027. This growth rate indicates the annualized rate of return at which the sector is projected to expand over the specified time frame. A CAGR of 4.3% implies a steady and consistent growth pattern for the potato chips industry during the next five years, highlighting the increasing demand for this snack food category and potential market opportunities for businesses operating in this sector. This statistic can be valuable for industry stakeholders, investors, and decision-makers to assess the sector’s growth trajectory and make informed strategic decisions.
The sale of organic potato chips will rise at a comparatively high CAGR of 5.6% from 2017 to 2022.
The statistics statement indicates that the sale of organic potato chips is projected to experience a Compound Annual Growth Rate (CAGR) of 5.6% from 2017 to 2022, signaling a strong upwards trend in demand for this product over the specified time period. A CAGR of 5.6% suggests a relatively rapid and consistent increase in sales year over year, highlighting the potential for significant growth in the market for organic potato chips. This growth rate could be driven by increasing consumer awareness and interest in organic, healthier snack options, leading to higher demand for such products. In essence, this statistic forecasts a positive and lucrative market opportunity for organic potato chips in the coming years.
In the UK, the potato chips market was valued at approximately 924 million British pounds in 2020.
The statistic indicates that the UK potato chips market had a total estimated value of around 924 million British pounds in the year 2020. This value represents the overall worth of sales within the potato chips market in the UK during that period. The potato chips market is a significant segment of the snack food industry, reflecting consumer demand for convenient and flavorful snack options. The market value serves as a key indicator of the economic significance and popularity of potato chips in the UK, reflecting both consumer preferences and the competitiveness of the industry players operating within it.
By 2022, an estimated 16.5 million Australians will be consuming at least one bag of potato chips every four weeks.
The statistic suggests that by the year 2022, approximately 16.5 million individuals in Australia are projected to consume at least one bag of potato chips every four weeks. This indicates a significant portion of the Australian population regularly engaging in the consumption of this snack food item. The statistic provides insights into consumer behavior and preferences, highlighting the popularity and widespread consumption of potato chips in the country. This information can be valuable for businesses in the food industry to understand market demand and tailor their products and marketing strategies accordingly to cater to this consumer segment.
Private label brands dominate the potato chips market in Australia with a 27.4% share, followed by Smith’s with 20%.
The statistic indicates that private label brands hold a significant portion of the potato chips market in Australia, accounting for 27.4% of market share. This suggests that consumers in Australia are increasingly opting for private label potato chip products over traditional branded options. Following closely behind is Smith’s, a well-known brand, commanding a 20% share of the market. The dominance of private label brands in this market could be attributed to factors such as lower pricing, similar quality to branded products, and changing consumer preferences towards more affordable alternatives. This shift highlights the importance of private label brands in the Australian potato chips market and the impact they have on consumer choices and market dynamics.
References
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