Tortilla Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth, Demand, Growth Opportunities, Industry Share, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability.
Market Analysis:
Tortilla Market is projected to reach USD 29.39 billion at a CAGR of 5.50% over the forecast period. In North America, the tortilla is majorly marketed in the U.S., which alone holds the lion’s share of 74.57% of the total North American tortilla market. North America alone captures 59.06% global market share in the year 2017. It is a form of baked bread, which is mainly prepared from corn and wheat and majorly consumed in Mexico and Spain. Both the major sources of tortilla are nutritious such as corn is rich in vitamin B constituents, especially, thiamin and niacin whereas wheat are rich in mineral salts, catalytic elements, calcium, magnesium, and many more. The nutritious value of tortilla makes it a potential replacer for bread and has increased its application in various food industry. The different types of tortilla are available in the market, for instance, pre-cooked tortilla, tortilla mix, frozen tortilla, and tortilla chips.
Based on the type of tortilla, pre-cooked tortilla segment is dominating the market by holding a market share of 40.25%. However, tortilla mix segment is estimated to have the highest growth rate in North America over the forecast period 2017-2023 followed by tortilla chips. Moreover, continuous growth in the Hispanic population in the U.S. is a major contributor to the growth of tortilla market in this region. Increasing health concerns and inclination towards healthy diet among the consumers is another factor boosting the growth of the tortilla market. Moreover, continuous efforts from the key players for bringing innovative products to the market is further boosting the tortilla market.
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Major Key Players Updates:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major Tortilla market players. It further includes product portfolios, developments of leading players, which includes
Some of the leading players in the Global Tortilla Market are Azteca Foods Inc. (U.S.), Gruma SAB de CV (Mexico), General Mills, Inc. (U.S.), Tyson Foods, Inc. (U.S.), Grupo Bimbo SAB de CV (Mexico), Ole Mexican Foods Inc. (U.S.) and Grupo Liven, S.A. (Spain)
Key Findings:
Global tortilla market is projected to reach USD 48.51 billion by 2023 at a growth rate of 5.10%
Tortilla mix is witnessed to have a highest growth at a CAGR of 5.65% over the forecast period 2017-2023
Gluten-free claim is expected to grow at a CAGR of 6.20% followed by low-carb claim over the forecast period
Latin America is the second largest region in the global tortilla market, which is likely to grow at a CAGR of 5.07% over the estimated period
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The reports also cover country level analysis:
North America
- U.S.
- Canada
- Mexico
Europe
- The Netherlands
- Germany
- France
- Italy
- Spain
- Poland
- U.K.
- Rest of Europe
Asia Pacific
- Australia
- China, mainland
- India
- Indonesia
- Japan
- Republic of Korea
- Viet Nam
- Rest of APAC
RoW
- Middle East
- Africa
- Other Countries
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