Global Tortilla Chips Market, By Nature (Organic, Conventional), Source (Wheat and Corn), Product (Masa Flour-Based Tortilla Chips, Cooked Corn-Based Tortilla Chips, Industrial Corn Flour-Based Tortilla Chips and Others), Cooking Type (Baked and Fried), Sales Channel (Store-Based Retailing and Non-Store Retailing), Distribution Channel (Online and Offline), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Tortilla Chips Market
The tortilla chips market is expected to witness market growth at a rate of 4.70% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the tortilla chips market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while impacting the market's growth. The shift in the lifestyle is escalating the growth of tortilla chips market.
Tortilla is baked from wheat flour or freshly ground maize. The worldwide popularity of snackification has been one of the projecting factors that is responsible for the increasing requirement for snacking food products where, such food products are substituted by traditional meals.
Major factors that are expected to boost the growth of the tortilla chips market in the forecast period are the rise in the consumption of snack-based meals from several regions. Furthermore, the accessibility of these chips in different flavours and several variants is further anticipated to propel the growth of the tortilla chips market. Moreover, the growing consumption for organic and gluten-free chips is further estimated to cushion the growth of the tortilla chips market. On the other hand, unstable nature of raw material costs is further projected to impede the growth of the tortilla chips market in the timeline period.
In addition, the variations in lifestyle of individuals resulting in high-pressure professional life will further provide potential opportunities for the growth of the tortilla chips market in the coming years. However, the threats of alternatives and new entrants might further challenge the growth of the tortilla chips market in the near future.
This tortilla chips market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on tortilla chips market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Tortilla Chips Market Scope and Market Size
The tortilla chips market is segmented on the basis of nature, source, product, cooking type, sales channel and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the tortilla chips market is segmented into organic and conventional.
- On the basis of source, the tortilla chips market is segmented into wheat and corn. Corn is further sub segmented into yellow corn, white corn, blue corn and red corn.
- On the basis of product, the tortilla chips market are segmented into meat processing, masa flour-based tortilla chips, cooked corn-based tortilla chips, industrial corn flour-based tortilla chips and others.
- On the basis of cooking type, the tortilla chips market is segmented into baked and fried
- On the basis of sales channel, the tortilla chips market is segmented into store-based retailing and non-store retailing. Store-based retailing is further sub segmented into modern grocery retailers and traditional grocery retailers. Modern grocery retailers is further sub segmented into hypermarkets or supermarkets, convenience stores, discount stores, departmental stores and specialty stores. Traditional grocery retailers is further sub segmented into food and drink specialists and independent small grocery retailers.
- On the basis of distribution channel, the tortilla chips market is segmented into online and offline.
Tortilla Chips Market Country Level Analysis
The tortilla chips market is segmented on the basis of nature, source, product, cooking type, sales channel and distribution channel.
The countries covered in the tortilla chips market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the tortilla chips market due to the occurrence of various prominent Ready-To-Eat (RTE) food brands. Furthermore, the rise in the number of supermarkets and hypermarkets, the rise in the consumer disposable income levels, and the increase in the trend of western cuisines will further boost the growth of the tortilla chips market in the region during the forecast period.
The country section of the tortilla chips market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tortilla Chips Market Share Analysis
The tortilla chips market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tortilla chips market.
The major players covered in the tortilla chips market report are MEXICAN CORN PRODUCTS INC., Kellogg Co., Intersnack Group GmbH & Co. KG, Hain Celestial, Cornitos, Fireworks Foods, Arca Continental S.A.B. de C.V., Amplify Snack Brands, Truco Enterprises LP, PepsiCo, Inc., GRUMA, S.A.B. de C.V, Aranda's Tortilla Company Inc., Super-Mex Foods, Grupo Bimbo, Lafortaleza Products, Herr Foods Inc., Trader Joe's, Utz Quality Foods, El Milagro, Inc. and Xochitl Chips & Salsa among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.