U.K. Potato Chips Market Outlook (2018 to 2032)
Synopsis
The above chart is U.K. Potato Chips Market Outlook (2018 to 2032)
Market Dynamics
the potato chips industry in the united kingdom has witnessed some significant changes in the past few years. this article will analyze the current market outlook of the u.k. potato chips industry, and look at what trends are expected to shape the industry in the coming years.
the u.k. potato chip market is highly competitive and has seen rapid changes in the past decade, with large international players such as frito-lay and walkers dominating the market. many u.k. manufacturers, such as tyrrells and made for drink, have increased in popularity, while smaller players such as tyrrells have gained market share. additionally, the u.k. has seen a surge in healthier snack options, driving consumers away from traditional potato chips towards healthier alternatives.
the market outlook for the u.k. potato chips market is expected to remain positive. growing health consciousness among u.k. consumers is expected to lead to further switching away from conventional potato chips towards healthier alternatives. additionally, product innovations, such as gluten-free or dairy-free versions, look set to continue to drive sales in the u.k. potato chips market.
improved production technology, along with increased focus on sustainability, has had a positive impact on the potato chips industry in the u.k. frito-lay, for instance, has invested in new technology to reduce their carbon footprint and has pledged to become carbon-neutral by 2025. furthermore, companies such as tyrrells have worked to create sustainable packaging for their products.
in the short-term, the outlook is generally optimistic, however, external factors such as brexit may have a negative impact on the industry in the long-term. u.k. potato chips manufacturers could face increased competition from products produced in countries with lower production costs and will be faced with the challenge of adapting to new trade regulations.
all in all, the potato chips industry in the u.k. is expected to remain competitive in the coming years. with continued focus on innovation, sustainability, and health-consciousness, the outlook is expected to remain positive in the long-term. companies will have to be on the look-out for external threats, such as brexit, in order to remain competitive.