Tortilla Chips Market Analysis 2021-2031 | Trends and Top Players
The Tortilla Chips Market is expected to register a CAGR of 5.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by source (wheat, corn, and others). The report is further segmented by category (organic and conventional). The report further presents an analysis based on the distribution channel (supermarkets and hypermarkets, convenience stores, online retail, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Tortilla Chips Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Tortilla Chips Market Segmentation
Source- Wheat
- Corn
- Organic and Conventional
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Tortilla Chips Market Growth Drivers- Demand Driven by On-the-Go Lifestyles: On-the-go lifestyles have in turn increased the demand for snacks, and tortilla chips have fallen prey to this trend. Many people have adopted them as a snack because they are perfect for grabbing on the go or to munch with one's buddies. It appears that their busy lives contribute largely to this demand for convenient yet tasty snack options.
- Health-Conscious Snack Preferences: Snacks that resonate with healthy lifestyles are being sought out more and more amid heightened health consciousness. Areas of growth include whole grain and bean-based tortilla chips and organic offerings. The market will be pushed further by baked and reduced-fat versions offering indulgent flavors to consumers who desire the best balance between nutritional aspirations and satisfaction.
- Innovation in Flavors: Innovative flavor is the latest trend in the tortilla chip market, where brands are now pushing boundaries to create bold and unique taste profiles ranging from spicy salsas to sweet and savory blends. It is the ability of such innovative flavors to attract adventurous palates that drives attraction to new consumers, but also boosts brand loyalty through existing fans, which grows the business.
- Rise of Plant-Based and Alternative Flours: Plant-based diets are another trend affecting tortilla chips. Brands have already started to include these types of alternative flours: chickpeas, lentils, and quinoa. This addresses the health consumer looking for non-gluten alternatives, with improvement in nutrition and options for the tortilla chip towards a far more diversified population base.
- Sustainability Driving Consumer Preference:Growing environmental awareness is pushing consumers to choose brands that prioritize sustainability. Tortilla chip manufacturers are responding by adopting eco-friendly packaging, such as recyclable or biodegradable materials. This not only attracts eco-conscious customers but also strengthens brand loyalty, positioning companies as responsible market players in a competitive industry.
- Demand for Premium, Artisanal Products: Premium, artisanal tortilla chips that emphasize a focus on quality ingredients and distinct flavorings have become more in demand. Gourmet versions will be paid for at a premium mainly due to new combinations or use of locally sourced ingredients. This explains why brands can compete at the choosiest snacker who doesn't even care about the number.
- Expansion Opportunities in Emerging Markets: Emerging markets are the largest opportunities for tortilla chip brands to expand. With growth in urbanization and rises in disposable income, consumers in these countries develop more snacking habits. Adding adaptations of new products that better appeal to more local tastes and preferences, companies can break into new consumer bases, thereby expanding sales and brand awareness across the world.
- E-Commerce and Digital Marketing Growth: With rising e-commerce, the tortilla chip market is shifting and providing brands with an avenue to expand to larger markets. The companies find it easier to offer diverse lines of product and niche flavors through the sales they can make online. Additionally, companies can raise their visibility even further through digital marketing strategies, targeting the tech-savvy consumers who prefer to shop online.
- Collaborations for Limited-Edition Flavors: Collaborate with popular chefs or food brands to create limited-edition tortilla chip flavors. That is going to strike the hearts of consumers and create quite a commotion among them regarding the sales of the chips. It will cater to the dare-to-snack crowd. Such collaborations also enable brands to tap into existing audiences, thus enriching their market presence as well as differentiation in such a competitive landscape.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tortilla Chips Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Tortilla Chips Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift towards alternative flours is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the tortilla chips market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Gruma Corp, MASA Chips, Frito-Lay North America Inc, La Fama Foods Inc, Benestar Brands LLC, Hormel Foods LLC, Tutu’s Tortilla Chips, Late July Snacks LLC, Wellness Natural USA Inc, and Barcel USA
The major factors driving the tortilla chips market are:
1. Increased demand for convenient snacks.
2. Growth in popularity of baked and organic chips.
The Tortilla Chips Market is estimated to witness a CAGR of 5.1% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tortilla Chips Market - By Category
1.3.2 Tortilla Chips Market - By Distribution Channel
1.3.3 Tortilla Chips Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TORTILLA CHIPS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. TORTILLA CHIPS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TORTILLA CHIPS MARKET - GLOBAL MARKET ANALYSIS
6.1. TORTILLA CHIPS - GLOBAL MARKET OVERVIEW
6.2. TORTILLA CHIPS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. TORTILLA CHIPS MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. TORTILLA CHIPS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. TORTILLA CHIPS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Tortilla Chips Market Overview
9.1.2 North America Tortilla Chips Market Forecasts and Analysis
9.1.3 North America Tortilla Chips Market Forecasts and Analysis - By Category
9.1.4 North America Tortilla Chips Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Tortilla Chips Market Forecasts and Analysis - By Countries
9.1.5.1 United States Tortilla Chips Market
9.1.5.1.1 United States Tortilla Chips Market by Category
9.1.5.1.2 United States Tortilla Chips Market by Distribution Channel
9.1.5.2 Canada Tortilla Chips Market
9.1.5.2.1 Canada Tortilla Chips Market by Category
9.1.5.2.2 Canada Tortilla Chips Market by Distribution Channel
9.1.5.3 Mexico Tortilla Chips Market
9.1.5.3.1 Mexico Tortilla Chips Market by Category
9.1.5.3.2 Mexico Tortilla Chips Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Tortilla Chips Market Overview
9.2.2 Europe Tortilla Chips Market Forecasts and Analysis
9.2.3 Europe Tortilla Chips Market Forecasts and Analysis - By Category
9.2.4 Europe Tortilla Chips Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Tortilla Chips Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Tortilla Chips Market
9.2.5.1.1 Germany Tortilla Chips Market by Category
9.2.5.1.2 Germany Tortilla Chips Market by Distribution Channel
9.2.5.2 France Tortilla Chips Market
9.2.5.2.1 France Tortilla Chips Market by Category
9.2.5.2.2 France Tortilla Chips Market by Distribution Channel
9.2.5.3 Italy Tortilla Chips Market
9.2.5.3.1 Italy Tortilla Chips Market by Category
9.2.5.3.2 Italy Tortilla Chips Market by Distribution Channel
9.2.5.4 United Kingdom Tortilla Chips Market
9.2.5.4.1 United Kingdom Tortilla Chips Market by Category
9.2.5.4.2 United Kingdom Tortilla Chips Market by Distribution Channel
9.2.5.5 Russia Tortilla Chips Market
9.2.5.5.1 Russia Tortilla Chips Market by Category
9.2.5.5.2 Russia Tortilla Chips Market by Distribution Channel
9.2.5.6 Rest of Europe Tortilla Chips Market
9.2.5.6.1 Rest of Europe Tortilla Chips Market by Category
9.2.5.6.2 Rest of Europe Tortilla Chips Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Tortilla Chips Market Overview
9.3.2 Asia-Pacific Tortilla Chips Market Forecasts and Analysis
9.3.3 Asia-Pacific Tortilla Chips Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Tortilla Chips Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Tortilla Chips Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Tortilla Chips Market
9.3.5.1.1 Australia Tortilla Chips Market by Category
9.3.5.1.2 Australia Tortilla Chips Market by Distribution Channel
9.3.5.2 China Tortilla Chips Market
9.3.5.2.1 China Tortilla Chips Market by Category
9.3.5.2.2 China Tortilla Chips Market by Distribution Channel
9.3.5.3 India Tortilla Chips Market
9.3.5.3.1 India Tortilla Chips Market by Category
9.3.5.3.2 India Tortilla Chips Market by Distribution Channel
9.3.5.4 Japan Tortilla Chips Market
9.3.5.4.1 Japan Tortilla Chips Market by Category
9.3.5.4.2 Japan Tortilla Chips Market by Distribution Channel
9.3.5.5 South Korea Tortilla Chips Market
9.3.5.5.1 South Korea Tortilla Chips Market by Category
9.3.5.5.2 South Korea Tortilla Chips Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Tortilla Chips Market
9.3.5.6.1 Rest of Asia-Pacific Tortilla Chips Market by Category
9.3.5.6.2 Rest of Asia-Pacific Tortilla Chips Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Tortilla Chips Market Overview
9.4.2 Middle East and Africa Tortilla Chips Market Forecasts and Analysis
9.4.3 Middle East and Africa Tortilla Chips Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Tortilla Chips Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Tortilla Chips Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Tortilla Chips Market
9.4.5.1.1 South Africa Tortilla Chips Market by Category
9.4.5.1.2 South Africa Tortilla Chips Market by Distribution Channel
9.4.5.2 Saudi Arabia Tortilla Chips Market
9.4.5.2.1 Saudi Arabia Tortilla Chips Market by Category
9.4.5.2.2 Saudi Arabia Tortilla Chips Market by Distribution Channel
9.4.5.3 U.A.E Tortilla Chips Market
9.4.5.3.1 U.A.E Tortilla Chips Market by Category
9.4.5.3.2 U.A.E Tortilla Chips Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Tortilla Chips Market
9.4.5.4.1 Rest of Middle East and Africa Tortilla Chips Market by Category
9.4.5.4.2 Rest of Middle East and Africa Tortilla Chips Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Tortilla Chips Market Overview
9.5.2 South and Central America Tortilla Chips Market Forecasts and Analysis
9.5.3 South and Central America Tortilla Chips Market Forecasts and Analysis - By Category
9.5.4 South and Central America Tortilla Chips Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Tortilla Chips Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Tortilla Chips Market
9.5.5.1.1 Brazil Tortilla Chips Market by Category
9.5.5.1.2 Brazil Tortilla Chips Market by Distribution Channel
9.5.5.2 Argentina Tortilla Chips Market
9.5.5.2.1 Argentina Tortilla Chips Market by Category
9.5.5.2.2 Argentina Tortilla Chips Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TORTILLA CHIPS MARKET, KEY COMPANY PROFILES
11.1. GRUMA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PEPSICO, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EASY FOOD INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LA TORTILLA FACTORY INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LIVEN S.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TORTILLA KING INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CATALLIA MEXICAN FOODS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AREVALO FOODS INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. AXIUM FOODS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. AMICA CHIPS S.P.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Gruma
2. PepsiCo, Inc
3. Easy Food Inc.
4. La Tortilla Factory Inc.
5. LIVEN S.A.
6. Tortilla King Inc.
7. Catallia Mexican Foods
8. Arevalo Foods Inc
9. Axium Foods, Inc.
10. Amica Chips S.p.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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