A snack is a small service of food and generally eaten between meals. Snacks come in a variety of forms including packaged snack foods and other processed foods, as well as items made from fresh ingredients at home. Snack foods are typically designed to be portable, quick, and satisfying. Processed snack foods, as one form of convenience food, are designed to be less perishable, more durable, and more portable than prepared foods. A chip (American English and Australian English) or crisp (British English) is any type of snack food in the form of a crisp, flat or slightly bowl shaped, bite-sized unit. Puffed cheese snacks do not count.
The Indian chips market, sized at Rs 7,000-7,500 crore according to Euro monitor, has been growing at a robust pace of 15% over the past five years and going forward, is expected to grow at a similar pace. Growth will come from rising disposable incomes, changing lifestyles, product innovations and strengthening of distribution to have better selling opportunities in lower-tier cities and rural areas, the report goes on to state. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
· A D F Foods Ltd.
· Bakeys Foods Pvt. Ltd.
· Balaji Wafers Pvt. Ltd.
· Bikaji Foods Intl. Ltd.
· Cholayil Pure & Natural Foods Pvt. Ltd.
· Energy Products (India) Ltd.