Global Corn Chips Market Size, Share, and COVID-19 Impact Analysis, By Type (Traditional Corn Chips, Flavored Corn Chips, and Others), By End-User (Individual Consumers, Food Service Sector, Retail Sector, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033

Global Corn Chips Market Insights Forecasts to 2033

• The Global Corn Chips Market Size was estimated at USD 7.98 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 3.68% from 2023 to 2033
• The Worldwide Corn Chips Market Size is Expected to Reach USD 11.45 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Corn Chips Market Size is Expected to Cross USD 11.45 Billion by 2033, Growing at a CAGR of 3.68% from 2023 to 2033.

Market Overview

The global corn chips market refers to the industry that manufactures, distributes, and sells snack products made primarily from cornmeal or whole corn, which are typically fried or baked into crisp, flavorful chips. Corn chips are popular savory snacks and come in a variety of shapes, including strips, scoops, curls, and traditional chip shapes. They are frequently seasoned with spices, cheese, or other flavorings. The market, which includes both branded and private label products, is being driven by rising snack consumption, urbanization, changing dietary habits, and increased demand for convenient, ready-to-eat foods. The growing demand for on-the-go snacks as a result of hectic lives presents an opportunity to improve distribution through convenience stores, vending machines, and internet channels. Emerging markets in Asia-Pacific and Latin America, together with new flavor developments and premium product choices, drive growth in the corn chips industry. Furthermore, the growing trend toward sustainability allows firms to differentiate themselves by using eco-friendly packaging and lowering their environmental impact.

Report Coverage

This research report categorizes the corn chips market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the corn chips market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the corn chips market.

Driving Factors

The global corn chips market is driven by a number of reasons, including rising demand for quick snack foods as people seek easy-to-consume, ready-to-eat options due to their hectic lifestyles. The growing popularity of savory snacks, particularly among younger generations, has fueled the market. Furthermore, the variety of flavors available, ranging from traditional to novel selections, appeals to a wide spectrum of consumer interests and preferences. Corn chips are becoming increasingly available to people all around the world as retail outlets, including supermarkets, hypermarkets, and online platforms, expand. Furthermore, the rise of snack consumption in emerging regions, as well as an increased emphasis on product quality, packaging, and branding, are major drivers of market growth.

Restraining Factors

The global corn chips market is constrained by health concerns over high salt, fat, and calorie content, which may hinder health-conscious consumers. The growing competition from various snack alternatives, such as baked snacks and healthier options, also poses a hurdle to market growth. Furthermore, fluctuating raw material prices, particularly for corn, might affect production costs. In addition, the environmental impact of packaging waste, as well as the push for sustainability, may necessitate investments in eco-friendly solutions, which may increase operational expenses.

Market Segmentation

The corn chips market share is classified into type and end-user.   

• The flavored corn chips segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the type, the corn chips market is divided into traditional corn chips, flavored corn chips, and others. Among these, the flavored corn chips segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This dominance is fueled by consumers' growing need for diversity and creativity in snack flavors, with businesses offering a diverse range of options such as cheese, spicy, BBQ, sour cream, and exotic flavors. Flavored corn chips appeal to a wide range of taste preferences, particularly younger customers looking for new and exciting snack experiences.

• The individual consumers segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe.

Based on the end-user, the corn chips market is divided into individual consumers, food service sector, retail sector, and others. Among these, the individual consumers segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe. This dominance is linked to customers' increased need for convenient, on-the-go snack options, which is fueled by busy lives and a preference for ready-to-eat meals. This segment's growth is also driven by the availability of a variety of flavors and packaging sizes to suit individual preferences.

Regional Segment Analysis of the Corn Chips Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the corn chips market over the predicted timeframe.

North America is anticipated to hold the largest share of the corn chips market over the predicted timeframe. This dominance stems from the region's strong snacking culture, a well-established processed food industry, and high consumption of savory snacks, particularly in the United States. Corn chips are a common snack in American households, either on their own or with dips such as salsa, guacamole, or cheese. The presence of major snack food manufacturers, continuous product innovation, and a diverse range of flavors all help to maintain consumer interest. Furthermore, the growing demand for gluten-free and plant-based snacks, as well as increased spending on convenient food options, is fueling the market.

Asia-Pacific is expected to grow at the fastest CAGR growth of the corn chips market during the forecast period. Rising urbanization, rising disposable incomes, and the increasing influence of Western food culture in countries such as China, India, Japan, and South Korea are all driving growth. This growth is being driven primarily by the region's growing young population, which has a strong preference for snack foods and convenience products. Furthermore, the growing presence of international snack brands, as well as localized flavor innovations tailored to regional preferences, is driving demand. The expansion of modern retail formats and e-commerce platforms has also increased product accessibility, while ongoing advancements in product marketing and packaging continue to attract new customers throughout the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the corn chips market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• PepsiCo, Inc.
• Conagra Brands, Inc.
• Hain Celestial Group, Inc.
• Old Dutch Foods, Inc.
• Utz Quality Foods, LLC
• Grupo Bimbo
• Herr Foods Inc.
• Intersnack Group GmbH & Co. KG
• Arca Continental
• Frito-Lay, Inc.
• Kellogg Company
• General Mills, Inc.
• Amplify Snack Brands, Inc.
• Calbee, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the corn chips market based on the below-mentioned segments: 

Global Corn Chips Market, By Type

• Traditional Corn Chips
• Flavored Corn Chips
• Others

Global Corn Chips Market, By End-User

• Individual Consumers
• Food Service Sector
• Retail Sector
• Others

Global Corn Chips Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa