Global Tortilla Chips Market to Reach $43.9 Billion by 2026

SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Tortilla Chips - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 2273
Companies: 12 - Players covered include Amplify Snack Brands, Inc.; Arca Continental SAB de CV; Fireworks Foods; Greendot Health Foods Pvt. Ltd.; Gruma SA de CV; Grupo Bimbo, S.A.B. de C.V.; Hain Celestial Group; Intersnack Group GmbH & Co. KG; Kellogg Company; Mexican Corn Products Inc.; PepsiCo, Inc.; Truco Enterprises LP and Others.
Coverage: All major geographies and key segments
Segments: Ingredient (Masa Flour, Industrial Corn Flour, Wheat Flour, Other Ingredients)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Tortilla Chips Market to Reach $43.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Tortilla Chips estimated at US$22.6 Billion in the year 2020, is projected to reach a revised size of US$43.9 Billion by 2026, growing at a CAGR of 11.4% over the analysis period. Masa Flour, one of the segments analyzed in the report, is projected to record a 12.3% CAGR and reach US$22 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Corn Flour segment is readjusted to a revised 11.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.3 Billion in 2021, While China is Forecast to Reach $7.9 Billion by 2026
The Tortilla Chips market in the U.S. is estimated at US$7.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.9 Billion by the year 2026 trailing a CAGR of 15.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 10% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.

Wheat Flour Segment to Reach US$7.5 Billion by the year 2026
In the global Wheat Flour segment, USA, Canada, Japan, China and Europe will drive the 10% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3 Billion in the year 2020 will reach a projected size of US$5.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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