The European Potato Chips Market Retains Growth Despite the Pandemic (2024)

FAQs

Who is driving the growth of the potato chip industry? ›

“Factors that are driving the growth of the U.S. potato chips market are increased consumption of snacks in the U.S., availability of various flavors of potato chips, cost-effectiveness of potato chips, and consistent launches of a variety of potato chips.

What is the estimated value of the Global Potato Chips Market? The Global Potato Chips Market was estimated to be valued at $32.2 Billion in 2021.

George Crum, who was a chef at the Moon's Lake House in New York, accidentally invented potato chips in 1853. After a guest at the restaurant kept returning potato fries, claiming that they weren't crisp enough, Crum sliced the potatoes thinly, fried them in hot oil and added salt.

According to the Bureau of Labor Statistics, the price of a 16-ounce bag of potato chips has increased from $5.04 to $5.49. Yahoo! News says the soaring price of cooking oils is one of the reasons potato chips are more expensive.

The growth rate of the Global Potato Chips Market is 3.1%, with an estimated value of $40.03 Billion by 2028.

Potato Crisps/Potato Chips Consumption Per Country

While 86% of consumers throughout the US and France consume potato crisps/potato chips, closely followed by 84% of GB consumers, China is at the far end of the scale with only 28% consumption.

Important problems in chip industry include the production and maintenance of suitable tubers, the disposal of wastes from peeling, trimming, and washing operations, and the elimination of undesirable oils and odors that escape through the stacks used to carry away the vapors from the cookers.

In the 1920s, a traveling salesman named Herman Lay was peddling potato chips to Southern grocers out of the trunk of his car. His widespread success helped popularize the snack and Lay's potato chips became the first successfully marketed national brand.

North America Potato Chips and Crisps Market was worth USD 12.42 billion in 2022 and estimated to be growing at a CAGR of 4.4%, to reach USD 15.41 billion by 2028.

Acrylamide is a chemical created in certain foods that are cooked at high temperatures. Because chips are sliced so thin and fried so hot, they're even heavier in acrylamide than French fries (which, sadly, 7 out of 9 experts warn against).

Are potato chips the worst snack? ›

Potato chips

Potato chips lack any significant nutritional value, therefore are empty calories, period. They're also are high in fat, and low in fiber and protein.

In retaliation, Crum sliced the spuds as thinly as he could, fried them in oil with some salt, and turned them into crispy potatoes. Vanderbilt loved them, and the chef's revenge turned out to be the genesis of one of America's most popular snack foods.

“Semiconductor components are critical to automobile production today,” says Hainlin. “With production delayed due to a lack of available chips, the supply of vehicles dropped and prices rose.” Higher costs for new and used cars were another major contributor to the rapid increase in the overall inflation rate.

A big drop in US potato production is exacerbating a worldwide spud shortage, as disruptions to potato supply chains impact places as far-flung as North America, Asia, and Africa. US potato production in 2021 was 7% below the five-year average.

There are only so many of them made. Demand is usually high because everyone wants to try the new or unique flavor. With high demand and low supply, potato chip manufacturers can make their specialty chips expensive.

The Auto Chip Shortage Remains, But It May Be Improving

Automotive manufacturers are still dealing with the effects of the microchip shortage that began in 2020.

While the COVID-19 pandemic was the initial catalyst for the chip shortage, structural factors were also part of the picture. Fundamentally, the auto industry is changing, with a major shift toward automation and electric vehicles. These require yet more chips, causing further strain on an already stretched industry.

Cars account for 15% of global chip consumption, while personal electronics account for around 50%. Chip revenues are even more skewed towards non-automotive sectors. The chip shortage is expected to cost the global automotive industry US$210 billion in revenue in 2021.

Another report cites that 86% of the people in both the United States and France eat potato chips/crisps. This figure makes them the two largest consumers.

How many Americans eat potato chips? ›

Consumption of potato chips in the U.S. 2020

According to this statistic, 284.37 million Americans consumed potato chips in 2020.

Eating a single bag of potato chips uses approximately 137 gallons of water, equivalent to the water used in a 50 minute shower. The creation and transportation of each bag also produces 10.6 ounces of CO2e, greenhouse gases that contribute to global warming as much as carbon dioxide does.

Main specifications of potato chips quality are: calor, fat content, taste, odor and texture, characteristic crispy texture has become one of their essential quality feature and perhaps the most attractive one as far the success on the market is taken into account.

The market size, measured by revenue, of the Potato Chip Production industry was $11.1bn in 2022.

In 2021-2022, Lay's was by far the most popular potato chip brand in America. It represented over 41% of the market for potato chips. Ruffles and Pringles, with respective market shares of 18% and 13%, were the next two leading competitors. In addition to PepsiCo, Inc.

A potato chip (North American English and Australian English; often just chip) or crisp (British and Irish English) is a thin slice of potato that has been deep fried, baked, or air fried until crunchy. They are commonly served as a snack, side dish, or appetizer.

William Tappendon of Cleveland, Ohio, is credited with taking the potato chips out of the restaurant and into the grocery stores. In 1895, he began selling potato chips to local grocers and turned his barn into the world's first potato chips factory.

Doritos is the most popular chip brand in America. They're produced by Frito-Lay.

C-store salty snacks had average gross margins of 40.83% in 2021, up 0.93% year on year (y-o-y). In 2021, gross profit increased 13.9% over 2020, averaging USD3,231 per store, per month, while gross margin contribution increased 0.26% y-o-y to 5.19%.

You can sell chips by the bag, tin or in bulk to grocery and snack suppliers, through an ecommerce website like a Shopify store, as well as online marketplaces and social media. Shopify allows you to connect your store to your social accounts, so you can tag your products in your posts.

Is chips or fries healthier? ›

Most chips are deep-fried, a process that creates trans fats, the most dangerous type. In addition, the oils used for frying chips are often saturated fats, which also contribute to high cholesterol levels.

If left untreated, high blood pressure can lead to stroke, heart failure, coronary heart disease, and kidney disease," says Dr. Parcells. Other long-term side effects of eating a lot of chips are weight gain, trouble sleeping, dry skin, kidney disease, headaches, and inflammation.

Ice Cream Versus Potato Chips

You're definitely avoiding sugar with a serving of these popular potato chips, but are actually consuming more calories and fat than in one serving of vanilla bean or chocolate ice cream!

The American Academy of Pediatric Dentistry has stated that starchy foods may even be worse for your teeth than candy because of the length of time they stay on teeth long after snacking has ended.

Potato chips are, you guessed it, made from potatoes that are peeled and sliced into thin pieces before being fried in oil until they're crisp. Pork rinds, on the other hand, are made from pig skin and are typically fried or baked.

The global chip shortage could be over by 2024—that's the best-case scenario. However, it could take longer than that to be resolved. On the bright side, electric vehicle production is expected to increase significantly over the next few months despite the global chip shortage.

As the labor market tightened during 2021 and 2022, core inflation rose as the ratio of job vacancies to unemployment increased. This ratio is used to measure wage pressures that then pass through to the prices for goods and services. As workers bargain for better pay, firms begin to increase prices.

There's a new inflation warning for consumers coming from the supply chain. Warehouses and distribution centers are pushing rates higher, with U.S. storage prices up 1.4% month-over-month and nearly 11% year-over-year.

Is there a potato shortage in USA? ›

United States potato production came in at 397 million cwt for 2022, according to the U.S. Department of Agriculture. Idaho planted fewer acres and yields were down overall in the U.S., leading to their reduced crop. Because of this shortfall, it's causing a shortage across the continent.

According to the fast-food chain, there was a poor harvest of the kind of potatoes needed to make French Fries and that has resulted in the shortage.

Access to Food

A: There are currently no nationwide shortages of food, although in some cases the inventory of certain foods at your grocery store might be temporarily low before stores can restock.

First of all, guess where that golden yellow colour often comes from? In the case of something like fries, it can be a corn-based dextrose sugar coating. Fries are literally starchy white carbs, covered in sugar, deep fried in saturated fat.

Potato chips are best known for two things: salt and fat. Studies have shown that eating salt triggers the release of dopamine, a chemical messenger that controls your brain's pleasure center. Once your brain gets that first reward hit, it starts craving more.

The market for fried potato chips is largely controlled by Frito-Lay, a subsidiary of PepsiCo, Inc. (NASDAQ:PEP). Lay's, Miss Vickie's, Red Rock Deli, Ruffles, and Munchos are the company's top-selling potato chip brands. In 2021-2022, Lay's was by far the most popular potato chip brand in America.

China and India are the main producers of potatoes, with the United States ranked fourth among the leading potato producers worldwide. In the United States, Idaho topped the ranking of leading potato producing states, with an annual production amount of about 121 million cwt of potatoes in 2022.

Countries by Potato Production. Worldwide 370,436,581 tonnes of potato is produced per year. China is the largest potato producer in the world with 91,881,397 tonnes production per year.

Who eats the most chips in the world? ›

Another report cites that 86% of the people in both the United States and France eat potato chips/crisps. This figure makes them the two largest consumers.

Doritos is the most popular chip brand in America. They're produced by Frito-Lay.

Lay's Chips

With that said, it's safe to say that Lay's is the best-selling potato chip brand in the world.

The top ranked country, China, accounted for 27.0 % of potato consumption in the world. The top 3 countries hold a 46.7 % share while the ten largest countries some 64.6 % in 2020.

Idaho is known for its potatoes for good reason — it produces the most of any state in the U.S., according to the Agriculture Marketing Resource Center. The Idaho State Department of Agriculture reports that the state cultivates one-third of the potatoes grown in the United States on more than 300,000 acres.

Is it suited more for classic French fries or a mega-sized cheesy scalloped potato dish? We may never know. All jokes aside, the giant potato is real... well, it's not a real potato, it's the retired spokespotato of the Idaho Potato Commission's Big Idaho Potato Tour – and you can stay the night inside of it!

J.R. Simplot, the kid who grew up on a dusty Declo, Idaho, farm, is now a driven 89-year-old and one of the 100 richest people in the world. The Simplot Co. has 12,000 employees worldwide and annual revenue of $2.8 billion. Yes, it is famous for its potatoes.

Gates also owns 14,000 acres in Washington's Columbia Basin that produces potatoes for McDonald's french fries, which operates as 100 Circle Farms. A 2021 LandReport.com story lists Gates' farmland holdings at more than 240,000 acres.

Potatoes are native to the Andes Mountains of South America. We call them Irish potatoes because the potato was first brought back to Europe in the 1500's and developed as a crop there. The Irish immigrants brought the culture of potato to the United States.

Who makes the most french fries? ›

McCain Foods is the world's largest manufacturer of frozen french fries and other potato specialities.