Latin America Potato Chips And Crisps Market

Latin America Potato Chips and Crisps Market Size (2024 to 2032)

Latin America Potato Chips and Crisps Market is worth USD 3.05 billion in 2024 and estimated to be growing at a CAGR of 4.65%, to reach USD 4.39 billion by 2032.

Potato chips and crisps are one of the most popular snack foods consumed worldwide. Over the years, the potato chips and crisp market has witnessed substantial growth, turning it into a multibillion-dollar market. However, the market is currently witnessing a shift in consumption patterns, a fluctuation in price of raw materials, and intense competition from substitutes. Manufacturers in the market are expected to meet success by developing newer products and quickly modifying ingredients of existing products to meet changes in consumer demand.

Market Drivers and Restraints

Changing lifestyles and longer working hours have reduced the tendency of consumers to have elaborate meals. This is a key factor driving the potato chips and crisps market. A rise in the demand for packaged food, urbanization, increasing disposable incomes of consumers and growth in the economy of developing nations are collectively boosting the growth of the potato chips and crisps market. On the other hand, a rise in health consciousness among consumers has encouraged a shift towards healthier eating patterns, such as fruits and wholegrain crackers. This is expected to threaten the potato chips and crisps market. However, manufacturers in the industry are responding to this threat by developing a premium range of healthier potato chips and crisps.

Segmental Analysis

Latin America Potato Chips and Crisps Market Segmentation By Type

• Sliced
• Compound
• Baked
• Dehydrated

Latin America Potato Chips and Crisps Market Segmentation by Taste

• Plain
• Salted
• Chilli
• Flavoured

Plain potato chips dominated this segment during the forecast period.

Latin America Potato Chips and Crisps Market Segmentation By Distribution channel

• Supermarkets
• Convenience stores
• Independent retailers
• Others

The supermarkets accounted for a major share of the market.

Latin America Potato Chips and Crisps Market Segmentation By Region

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America

Key Players in the Market

Major Key Players in the Latin America Potato Chips And Crisps Market are Calbee Foods, Herr, Intersnack Group, PepsiCo, Snyder’s-Lance, and UTZ Quality foods