The Tortilla Market accounted for US$ 37,865.2 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 59,444.8 Mn by 2027.
The North America region accounted for the highest share in the global tortilla market. The North America, tortilla market is primarily being driven by growing demand for convenience food products among the consumers. Factors such as rapid urbanization, high purchasing power among the customers, and rising participation of women in the workforce and are driving the demand for convenience and easy to prepare food products. This factor has propelled the demand for tortilla and tortilla products such as tortilla chips, taco shells, tostadas, flour tortillas, and corn tortillas. Moreover, tortillas are considered as a healthy snack alternative and also used in the foodservice industry to produce various products such as wraps. In addition to that, strong performance of the retail sector and product promotions have played a vital role in increasing the sales of tortilla via supermarkets and hypermarkets and convenience stores in this region.
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Key Players profiled in this report are:GRUMA, S.A.B. de C.V, PepsiCo Inc., Easy Foods Inc., La Tortilla Factory, Liven, S.A., Ole Mexican Foods Inc., Catallia Mexican Foods, Aranda’s Tortilla Company, Inc., Arevalo Tortilleria, Inc., Azteca Foods, Inc
Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology
The reports cover key developments in the Tortilla Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.
The report analyses factors affecting the Tortilla Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Tortilla Marketin these regions.
Growing demand for organic, non-GMO, and gluten-free food items creating growth opportunities for the global tortilla market:
There is an increasing demand for organic food items among consumers globally. Organic food is free from pesticides, does not contain preservatives, and is GMO-free. Consumers nowadays are quite concerned about using conventional food products or foods obtained through GMO due to their contribution to increasing incidents of health issues. Manufacturers of tortilla are also focusing on developing and marketing organic tortillas owing to the market’s demand. Market players such as La Tortilla Factory, Mission Foods, North America, Maria and Ricardo’s, and Mi Rancho offer organic and non-GMO tortillas for consumers across the world. In addition, food processing companies also provide gluten-free tortillas. Corn-based tortillas are among the gluten-free food items.
The Table of Content for Tahini Market research study includes:
- Introduction
- Key Takeaways
- Research Methodology
- Tahini Market Landscape
- Tahini Market – Key Market Dynamics
- Tahini Market – Global Market Analysis
- Tahini Market – Revenue And Forecasts to 2027 – Type
- Tahini Market – Revenue And Forecasts to 2027 – Type of Product
- Tahini Market – Revenue And Forecasts to 2027 – Service
- Tahini Market Revenue And Forecasts to 2027 – Geographical Analysis
- Impact of Covid-19 Pandemic on Global Tahini Market
- Industry Landscape
- Tahini Market, Key Company Profiles
- Appendix
- List of Tables
- List of Figures
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