The global tortilla chips market size is expected to reach USD 48.7 billion by 2030. The market is estimated to expand at a CAGR of 8.8% from 2024 to 2030. Changing lifestyle is the most influential factor driving the product demand and growth of this market. Rising demand for on-the-go food due to hectic work schedules is also estimated to fuel the product demand.
Furthermore, rising number working individuals across the globe is likely to have a positive impact on the product demand. Manufacturers are investing in R&D to develop high-quality and healthy products. Companies are introducing products with whole-grain, gluten-free products with low sodium and fat contents. In addition, a variety of flavors is available in the market to suit consumer needs. For instance, Frito-Lay’s, under the brand Tostitos, offers tortilla chips in several flavors including black bean and garlic, jalapeno, lime, red pepper, salsa ranchera, and salsa verde.
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period. This growth is credited to the easy product availability as a result of growing number of supermarkets and hypermarkets, as well as online grocery stores, in the region. Furthermore, increasing consumer disposable income levels and popularity of western cuisines are contributing to the market growth in Asia Pacific.
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Furthermore, rising number working individuals across the globe is likely to have a positive impact on the product demand. Manufacturers are investing in R&D to develop high-quality and healthy products. Companies are introducing products with whole-grain, gluten-free products with low sodium and fat contents. In addition, a variety of flavors is available in the market to suit consumer needs. For instance, Frito-Lay’s, under the brand Tostitos, offers tortilla chips in several flavors including black bean and garlic, jalapeno, lime, red pepper, salsa ranchera, and salsa verde.
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period. This growth is credited to the easy product availability as a result of growing number of supermarkets and hypermarkets, as well as online grocery stores, in the region. Furthermore, increasing consumer disposable income levels and popularity of western cuisines are contributing to the market growth in Asia Pacific.
Tortilla Chips Market Report Highlights
- The conventional segment dominated the market in 2023, with a revenue share of 92.9% in 2023. The factors responsible for the growth are the presence of a predominant market due to the high consumption of tortilla chips.
- The fried segment dominated the market in 2023. The fried tortilla chips are available in different flavors and seasonings that caters to consumer’s taste preferences.
- The offline segment dominated the market in 2023, with a revenue share of 85.2%. The factors contributing to the rise in this market are the high presence of convenience stores and retail outlets.
- North America tortilla chips market dominated with a market share of 40.4% in 2023 due to the presence of significant companies and increased consumption of convenient snack foods.
The leading players in the Tortilla Chips market include:
- Grupo Bimbo
- PepsiCo
- Truco Enterprises
- Amplify Snack Brands
- Arca Continental S.A.B. de C.V.
- Fireworks Foods
- Greendot Health Foods
- Hain Celestial
- Intersnack Group
- Kellanova
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Tortilla Chips Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Tortilla Chips Market: Product Estimates & Trend Analysis
Chapter 6. Tortilla Chips Market: Type Estimates & Trend Analysis
Chapter 7. Tortilla Chips Market: Distribution Channel Estimates & Trend Analysis
Chapter 8. Tortilla Chips Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
The leading players in the Tortilla Chips market include:- Grupo Bimbo
- PepsiCo
- Truco Enterprises
- Amplify Snack Brands
- Arca Continental S.A.B. de C.V.
- Fireworks Foods
- Greendot Health Foods
- Hain Celestial
- Intersnack Group
- Kellanova
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 27.3 Billion |
| Forecasted Market Value ( USD | $ 48.7 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
