Potato Chips Market Is Expected To Gain Major Traction With The Kellogg Company Partnering With Wendy’s To Launch Pringles Baconator Potato Crisps, Which Is Inspired By Wendy’s Signature Sandwich
Potato chips, also called crisps, are thick slices of potato that have either been cooked or deep-fried until very crunchy. They are typically served as an appetizer, side dish, or snack. Typically, potato chips are eaten by eating them without the peel, which gives them a crisp outside while maintaining their softness inside. They are widely available in any store which sells snacks, and they are usually inexpensive.
Increasing demand and production of
potato is expected to drive growth of the global potato chips market. According
to the Food and Agriculture Organization (FAO) of the United Nations, global
potato production was around 388,191,000 tons in 2017 with China leading the
production pegged at 99,205,600 tons followed by India at 48,605,000 tons.
According to the same source, in 2017, potato production in the U.S. reached
20,017,400. As a result of this, the production of potato chips has increased
significantly in both developed as well as emerging economies. Hence, these
factors are expected to drive growth of the global potato chips market. Furthermore,
rising preference for convenience food products coupled with increasing number
of supermarket chains is expected to propel the global potato chips market
growth in the near future.
Availability of many substitutes for
potato chips combined with advent healthier alternatives such as low-fat,
low-sodium, baked chips are expected to hamper the global potato chips market
growth in the near future. Among regions, North America is expected to witness
significant growth in the global potato chips market. This is owing to a wide
range of availability of unique flavors and the introduction of newer flavors
in the region. Besides, increasing demand for quick snacks is expected to
propel the global potato chips market growth in the near future. Moreover, Asia
Pacific is expected to exhibit a robust growth rate, owing to increasing
consumption of convenience snacks in the region.
Key players involved in the global
potato chips market are Burts Potato Chips Ltd, The Kellogg Company, Calbee,
Inc., Herr Foods Inc., PepsiCo, Inc., Intersnack Group GmbH & Co. KG, Utz
Quality Foods, LLC, The Lorenz Bahlsen Snack-World GmbH & Co KG, Kettle
Foods, Inc., and Great Lakes Potato Chip.
For instance, in June 2020, The
Kellogg Company partnered with Wendy’s Co., a U.S.-based fast-food chain
restaurant, to launch Pringles Baconator potato crisps, which is inspired by
Restaurant Company’s signature sandwich.
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