Tortilla Market Overview
MMR published a report on the Tortilla market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
A tortilla is a thin, circular, Mexican bread made with cornmeal, maize, or, less commonly, wheat flour that hasn’t been leavened. Nowadays, the majority of tortillas are bought from tortilleras, where the dough is prepared automatically, shaped into discs, and then moved by a conveyer belt over a flame. Since they go bad quickly, tortillas are usually bought fresh every day or even for every meal. Tortillas are typically served with Mexican cuisine.
Growth of the Tortilla Market
Tortilla Market size was valued at US$ 47.82 Bn. in 2022 and the total Tortilla revenue is expected to grow by 5.8% from 2023 to 2029, reaching nearly US$ 70.96 Bn.
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Tortilla Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Tortilla market. It offers a thorough examination of the competitive environment in the Tortilla market, taking into account the main players’ business plans. A list of the major rivals of Tortilla is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Tortilla sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Tortilla market.
The size of the worldwide and regional Tortilla markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Tortilla production process. In order to comprehend the Tortilla market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Growth of the Tortilla Dynamics:
The organic qualities of tortillas draw in customers.
The rise in popularity of prepared foods is propelling the expansion of tortilla, which is seen as a possible replacement for bread. It is used to treat numerous bone problems and contains enough lipids, vitamins, calcium, and magnesium for proper body growth. People have long favoured organic and plant-based diets as a result. This makes it the main driver of the tortilla market’s expansion. Since tortilla doesn’t have any additional chemicals or preservatives, it is safe for human consumption. The global demand for tortillas is predicted to rise because to ongoing R&D, product standardisation, increased disposable income, investments in cutting-edge technology, and innovation.
Tortilla Market Segmentation:
by Nature
Organic
Conventional
by Processing Type
Fresh (Raw)
Frozen
The frozen sector, categorised by processing type, had a market share of roughly xx% in 2022 and is anticipated to increase significantly over the course of the forecast period. Due to rising customer tastes and accessibility, frozen foods are growing in popularity because they need less preparation time and effort than fresh foods. Due to the fact that the frozen process is one of the most reliable long-term preservation methods for producing wholesome, high-quality meals with a longer shelf life, frozen tortillas represent a sizeable and rapidly expanding portion of the worldwide tortilla market. This frozen method gives small producers in underdeveloped nations an extra means of enhancing the worth of their goods in a market where competition is fierce. In the refrigerator, fresh tortillas or an opened container of store-bought tortillas would last for around ten.
by Product type
Tortilla chips
Taco shells
Tostadas
Flour tortillas
Corn tortillas
Others
Because there will be more people consuming snack-based meals over the projection period, the tortilla chips product category is anticipated to rise at a high rate. Furthermore, the market for tortilla chips is anticipated to be driven by the availability of these chips in a wide range of flavours and types. Manufacturers have been experimenting with unique tastes and additions to make their products stand out in the marketplace. These chips, made with spices and herbs and usually served with dips, have gained popularity as a snack all over the world. Growth has also been aided by the use of new types like low-fat, gluten-free, and organic chips. The company that makes the tortilla chips was able to expand into new regions thanks to the health benefits of these chips. Methodical retail techniques that facilitate the production of new.
by Source
Wheat
Corn
by Distribution channel
Hypermarkets/Supermarkets
Convenience stores
Online
Others
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Tortilla Market Key Players:
1. GRUMA
2. S.A.B. de C.V
3. Tyson Foods, Inc.
4. PepsiCo
5. Olé Mexican Foods Inc.
6. Easy Foods, Inc.
7. Mi Rancho
8. Arevalo Foods Inc.
9. Azteca Foods, Inc.
10.Rudy’s Tortillas
11.Tortilla King Inc.
12.Fiesta Tortilla Factory Inc.
13.Los Amigos Tortilla Manufacturing, Inc.
14.Rudy’s Tortillas
15.Franco Whole Foods, LLC
16.La Tortilla Factory
17.Eagle Foods Australia
18.Catallia Mexican Foods
Tortilla Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Tortilla market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Key Questions answered in the Tortilla Market Report are:
- What is the expected Tortilla market size by 2030?
- What will be the CAGR of the Tortilla market during the forecast period?
- Which segment held the largest share in the Tortilla market?
- How is the competitive scenario of the Tortilla market?
- Which are the key factors driving the Tortilla market growth?
- What are the factors restraining the Tortilla market growth?
- Which region holds the maximum share in the Tortilla market?
- Who are the key players in the Tortilla market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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