PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151970
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151970
Global Tortilla Chips Market Size study, By Product (Conventional, Organic), By Distribution Channel (Online, Offline), and Regional Forecasts 2022-2028
Global Tortilla Chips Market is valued approximately USD 28.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.4 % over the forecast period 2022-2028.
Tortilla Chips is a snack food made from corn tortillas. Corn tortilla are cut into triangle shape and then baked or fried to obtain chips. Tortilla Chips are said to be low in fat and calories than potato chips. These chips are widely made from corn and from wheat also. The growing expansion of global Snack Food Sector and increasing number of working people worldwide as well as recent product announcements from leading market players are factors that are accelerating the global market demand. For instance, according to Statista - as of 2022, the revenue of global snack food segment is estimated at USD 506.20 billion, and the market is projected to grow at CAGR of 5.58% between 2022 & 2027 to reach to USD 664.10 billion. Moreover, leading market players are working towards different strategic initiatives including new product launches and acquisitions to leverage the growing demand for Tortilla Chips. For instance, in January 2021, Pennsylvania, USA based Utz Brands Inc. completed the acquisition of Carrollton, Texas, United States based Truco Enterprises for a transaction value of USD 480 billion. Truco Enterprises is a leading seller of tortilla chips, salsa and queso under the brand name ON THE BORDER("OTB"). Further, in September 2021, Ontario, Canada based Kazoo Snacks launched new upcycled tortilla chips. The packaging of Kazoo Tortilla Chips is made using 40% upcycled corn germ and the new chips are vegan, kosher, gluten-free and available in three different varieties including restaurant style, bite-sized and lime zest. Also, growing expansion online sales channels coupled with increasing emergence of quick service restaurants are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, health concern associated with fried products and availability of healthy alternatives such as Kale Chips, Zucchini chips impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Tortilla Chips Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing consumption of tortilla chips and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the quick service restaurants and increasing penetration of online grocery stores in the region, would create lucrative growth prospects for the Tortilla Chips Market across the Asia Pacific region.
Major market players included in this report are:
Frito-Lay, Inc.
Mission Foods
Truco Enterprises LP
Herr's
Trader Joe's
GRUMA, S.A.B. de C.V.
Target Brands, Inc.
El Milagro, Inc.
Utz Quality Snacks
Brimhall Foods Company, Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Conventional
Organic
By Distribution Channel
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period: 2022 to 2028
Target Audience of the Global Tortilla Chips Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Global Tortilla Chips Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Global Tortilla Chips Market, by Product, 2020-2028 (USD Billion)
- 1.2.3. Global Tortilla Chips Market, by Distribution Channel, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Tortilla Chips Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Tortilla Chips Market Dynamics
- 3.1. Tortilla Chips Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing expansion of global Snack Food Sector.
- 3.1.1.2. Increasing number of working people worldwide.
- 3.1.1.3. Recent product announcements from leading market players.
- 3.1.2. Market Challenges
- 3.1.2.1. Health concern associated with fried products.
- 3.1.2.2. Availability of healthy alternatives
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing expansion online sales channels.
- 3.1.3.2. Increasing emergence of quick service restaurants.
- 3.1.1. Market Drivers
Chapter 4. Global Tortilla Chips Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Tortilla Chips Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Tortilla Chips Market by Product, Performance - Potential Analysis
- 6.3. Global Tortilla Chips Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
- 6.4. Tortilla Chips Market, Sub Segment Analysis
- 6.4.1. Conventional
- 6.4.2. Organic
Chapter 7. Global Tortilla Chips Market, by Distribution Channel
- 7.1. Market Snapshot
- 7.2. Global Tortilla Chips Market by Distribution Channel, Performance - Potential Analysis
- 7.3. Global Tortilla Chips Market Estimates & Forecasts by Distribution Channel 2018-2028 (USD Billion)
- 7.4. Tortilla Chips Market, Sub Segment Analysis
- 7.4.1. Online
- 7.4.2. Offline
Chapter 8. Global Tortilla Chips Market, Regional Analysis
- 8.1. Tortilla Chips Market, Regional Market Snapshot
- 8.2. North America Tortilla Chips Market
- 8.2.1. U.S. Tortilla Chips Market
- 8.2.1.1. Product estimates & forecasts, 2018-2028
- 8.2.1.2. Distribution Channel estimates & forecasts, 2018-2028
- 8.2.2. Canada Tortilla Chips Market
- 8.2.1. U.S. Tortilla Chips Market
- 8.3. Europe Tortilla Chips Market Snapshot
- 8.3.1. U.K. Tortilla Chips Market
- 8.3.2. Germany Tortilla Chips Market
- 8.3.3. France Tortilla Chips Market
- 8.3.4. Spain Tortilla Chips Market
- 8.3.5. Italy Tortilla Chips Market
- 8.3.6. Rest of Europe Tortilla Chips Market
- 8.4. Asia-Pacific Tortilla Chips Market Snapshot
- 8.4.1. China Tortilla Chips Market
- 8.4.2. India Tortilla Chips Market
- 8.4.3. Japan Tortilla Chips Market
- 8.4.4. Australia Tortilla Chips Market
- 8.4.5. South Korea Tortilla Chips Market
- 8.4.6. Rest of Asia Pacific Tortilla Chips Market
- 8.5. Latin America Tortilla Chips Market Snapshot
- 8.5.1. Brazil Tortilla Chips Market
- 8.5.2. Mexico Tortilla Chips Market
- 8.6. Rest of The World Tortilla Chips Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Frito-Lay, Inc.
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Mission Foods
- 9.2.3. Truco Enterprises LP
- 9.2.4. Herr's
- 9.2.5. Trader Joe's
- 9.2.6. GRUMA, S.A.B. de C.V.
- 9.2.7. Target Brands, Inc.
- 9.2.8. El Milagro, Inc.
- 9.2.9. Utz Quality Snacks
- 9.2.10. Brimhall Foods Company, Inc
- 9.2.1. Frito-Lay, Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Tortilla Chips Market, report scope
- TABLE 2. Global Tortilla Chips Market estimates & forecasts by Region 2018-2028 (USD Billion)
- TABLE 3. Global Tortilla Chips Market estimates & forecasts by Product 2018-2028 (USD Billion)
- TABLE 4. Global Tortilla Chips Market estimates & forecasts by Distribution Channel 2018-2028 (USD Billion)
- TABLE 5. Global Tortilla Chips Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 6. Global Tortilla Chips Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 7. Global Tortilla Chips Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 8. Global Tortilla Chips Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 9. Global Tortilla Chips Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 10. Global Tortilla Chips Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 11. Global Tortilla Chips Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 12. Global Tortilla Chips Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 13. Global Tortilla Chips Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 14. Global Tortilla Chips Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 15. U.S. Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 16. U.S. Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 17. U.S. Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 18. Canada Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 19. Canada Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 20. Canada Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 21. UK Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 22. UK Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 23. UK Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 24. Germany Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 25. Germany Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 26. Germany Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 27. RoE Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 28. RoE Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 29. RoE Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 30. China Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 31. China Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 32. China Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 33. India Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 34. India Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 35. India Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 36. Japan Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 37. Japan Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 38. Japan Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 39. RoAPAC Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 40. RoAPAC Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 41. RoAPAC Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 42. Brazil Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 43. Brazil Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 44. Brazil Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 45. Mexico Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 46. Mexico Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 47. Mexico Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 48. RoLA Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 49. RoLA Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 50. RoLA Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 51. Row Tortilla Chips Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 52. Row Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 53. Row Tortilla Chips Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 54. List of secondary sources, used in the study of global Tortilla Chips Market
- TABLE 55. List of primary sources, used in the study of global Tortilla Chips Market
- TABLE 56. Years considered for the study
- TABLE 57. Exchange rates considered
LIST OF FIGURES
List of figures
- FIG 1. Global Tortilla Chips Market, research methodology
- FIG 2. Global Tortilla Chips Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Tortilla Chips Market, key trends 2021
- FIG 5. Global Tortilla Chips Market, growth prospects 2022-2028
- FIG 6. Global Tortilla Chips Market, porters 5 force model
- FIG 7. Global Tortilla Chips Market, pest analysis
- FIG 8. Global Tortilla Chips Market, value chain analysis
- FIG 9. Global Tortilla Chips Market by segment, 2018 & 2028 (USD Billion)
- FIG 10. Global Tortilla Chips Market by segment, 2018 & 2028 (USD Billion)
- FIG 11. Global Tortilla Chips Market by segment, 2018 & 2028 (USD Billion)
- FIG 12. Global Tortilla Chips Market by segment, 2018 & 2028 (USD Billion)
- FIG 13. Global Tortilla Chips Market by segment, 2018 & 2028 (USD Billion)
- FIG 14. Global Tortilla Chips Market, regional snapshot 2018 & 2028
- FIG 15. North America Tortilla Chips Market 2018 & 2028 (USD Billion)
- FIG 16. Europe Tortilla Chips Market 2018 & 2028 (USD Billion)
- FIG 17. Asia pacific Market 2018 & 2028 (USD Billion)
- FIG 18. Latin America Tortilla Chips Market 2018 & 2028 (USD Billion)
- FIG 19. Global Tortilla Chips Market, company Market share analysis (2021)
