Global Frozen Tortilla Market size was valued at US$ 8.02 Bn in 2022 and the total revenue is expected to grow at 4.9% through 2023 to 2029, reaching nearly US$ 11.22 Bn.Frozen Tortilla Market Overview:
Factors attributing to the growth of the Frozen Tortilla Market are growing health consciousness among the people and the presence of various nutritional contents in it like vitamins, proteins, and minerals. Global Frozen Tortilla Market size was estimated at US$ 8.02 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 4.9% through 2023 to 2029, reaching nearly US$ 11.22 Bn. in 2029.To know about the Research Methodology :- Request Free Sample Report
Frozen Tortilla Market Dynamics:
The frozen tortilla market is witnessing significant growth in the global market over the forecast periods owing to the decreasing price of two important raw materials which are used in the manufacturing of tortillas which leads to the growth of tortillas in the global market. Also, the preference for Mexican foods in various other regions also provides growth opportunities for the tortilla. Nowadays producers are focusing on the production of low-fat tortillas and whole-grain tortillas to fulfill the rising demand of consumers for a variety of products. The tortilla market is growing at a higher pace. Factors attributing to the growth of this market is the presence of various nutritional contents like vitamins, proteins, and minerals. Also, the increasing health consciousness among the consumers drives the growth of the frozen tortilla market in the global market. Moreover, attractive packaging is another key factor that drives the growth of this market in the global market. High competition among local players and despite innovations traditional tortillas have a major share are the biggest constraints for tortilla markets. The worldwide tortilla market is restricted by a lack of knowledge about the presentation and preparation of tortillas, as well as their insignificant inventory presence in retail stores. Furthermore, knowledge of tortilla utilization is limited to niche markets in industrialized countries, and the availability of substitutes is one of the biggest challenges in the tortilla market. In Feb 2021, a huge amount of investment of approximately USD 90 million was made by Stripes Group LLC, for expansion plans in Siete Family Foods that makes plant-based, dairy-free products, and grain-free products.Frozen Tortilla Market Segment Analysis:
Based on the Source, the global frozen tortilla market is segmented into wheat, corn, and others. Wheat is the major segment in the global frozen tortilla market, it held largest market share of xx% in 2022, owing to the fact that most of the tortilla producers are using wheat as a main raw material for tortilla production due to its benefits like catalytic elements, mineral salts, calcium, magnesium, etc. Corn is also a popular segment among tortilla manufactures due to its nutritional value and rich source of protein. Based on the Distribution Channel, the global frozen tortilla market is classified into store based and non-store based. Store Based segments dominate the global frozen tortilla market due to convenience and wide range of products with different prices. Non-Stored online retailers also capture the major market share due to the wide reach of mobile and another digital mediums.Regional Insights:
Asia Pacific is witnessing significant growth of xx% in the forecast period, owing to the rise in disposable income of consumers and a large number of food processing industries present in the region. China, India, and Japan are the major producers of tortillas in the Asia Pacific regions. North America dominates the global tortilla market due to high production and awareness among the people regarding the health benefits and nutritional value offered by tortillas. In 2022 the market value of tortillas in the US was USD 2 Bn. the United States, Canada, and Mexico are the dominating regions of North America in the tortilla market. Europe is expected to remain at the third position during the forecast period. Factors attributing to the strong growth of this region is high production and consumption of tortillas. Nutritional deficiency among European people is one of the reasons for the demand for tortillas in this region. In 2022 the market value of frozen tortillas in Europe was USD 1.27 Bn. The Middle East and Africa relatively show slow growth over the forecast period owing to low economical, industrial, and agricultural developments. The objective of the report is to present a comprehensive analysis of the global frozen tortilla market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global frozen tortilla market dynamics, structure by analyzing the market segments and project the global frozen tortilla market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global frozen tortilla market make the report investor’s guide.Frozen Tortilla Market Scope: Inquire before buying
Frozen Tortilla Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 4.9% US$ 8.02 Bn US$ 11.22 Bn Segments Covered by Source Wheat Corn Others by Distribution Channel Store Based Non-Store Based Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Key Players are:
1. Azteca Foods Inc. 2. General Mills, Inc. 3. Gruma SAB de CV 4. Grupo Bimbo SAB de CV 5. Grupo Liven, S.A. 6. Ole Mexican Foods Inc. 7. Tyson Foods, Inc. 8. Easy Food Inc. 9. Rudy’s Tortilla 10.Tortilla king Inc. 11.Bimbo Bakeries USA 12.Liven S.A. 13.Mexican Food Specialties, Inc. 14.Mission Foods 15.Signature Flatbreads Ltd. 16.Tyson Mexican Original, Inc.FAQ
1. What are the factors responsible for growth of global tortilla market in North America? Ans: The factors responsible for growth of global tortilla market in North America are awareness about the health benefits offered by tortilla and easy availability of these products through different modes 2. What are the expected growth rate and revenue of global tortilla market from 2023-2029? Ans: The total revenue is expected to grow at 4.9% through 2023 to 2029, reaching nearly US$ 11.22 Bn. 3. Why Middle East and Africa Shows slow growth rate over the forecast period? Ans: Middle East and Africa relatively shows slow growth over the forecast period owing to low economical, industrial and agricultural developments 4. What are the key manufacturing players in the global tortilla market? Ans: The key manufacturing players in the global tortilla market are Tyson Foods, Inc, Easy Food Inc, and Rudy’s Tortilla, Tortilla king Inc, Bimbo Bakeries USA, Liven S.A., Mexican Food Specialties, Inc, Mission Foods, Signature Flatbreads Ltd., and Tyson Mexican Original, Inc. 5. What are the segments for global frozen tortilla market? Ans: There are two segments in the global frozen tortilla market which are on the basis of source and distribution channel.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Frozen Tortilla Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Frozen Tortilla Market 3.4. Geographical Snapshot of the Frozen Tortilla Market, By Manufacturer share 4. Global Frozen Tortilla Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Frozen Tortilla Market 5. Supply Side and Demand Side Indicators 6. Global Frozen Tortilla Market Analysis and Forecast, 2022-2029 6.1. Global Frozen Tortilla Market Size & Y-o-Y Growth Analysis. 7. Global Frozen Tortilla Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 7.1.1. Wheat 7.1.2. Corn 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.2.1. Store Based 7.2.2. Non-Store Based 8. Global Frozen Tortilla Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Frozen Tortilla Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 9.1.1. Wheat 9.1.2. Corn 9.1.3. Others 9.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.2.1. Store Based 9.2.2. Non-Store Based 10. North America Frozen Tortilla Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Frozen Tortilla Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Frozen Tortilla Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Frozen Tortilla Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Frozen Tortilla Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Frozen Tortilla Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Frozen Tortilla Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Frozen Tortilla Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Frozen Tortilla Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Frozen Tortilla Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Frozen Tortilla Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Frozen Tortilla Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Frozen Tortilla Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Frozen Tortilla Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Frozen Tortilla Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Frozen Tortilla Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Frozen Tortilla Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Frozen Tortilla Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Frozen Tortilla Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Frozen Tortilla Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Frozen Tortilla Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Frozen Tortilla Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Frozen Tortilla Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Frozen Tortilla Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Frozen Tortilla Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Frozen Tortilla Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Frozen Tortilla Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Frozen Tortilla Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Frozen Tortilla Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Frozen Tortilla Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Frozen Tortilla Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Frozen Tortilla Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Frozen Tortilla Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Frozen Tortilla Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Frozen Tortilla Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Source, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Frozen Tortilla Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profiles – Key Players 45.3.1. Azteca Foods Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. General Mills, Inc. 45.3.3. Gruma SAB de CV 45.3.4. Grupo Bimbo SAB de CV 45.3.5. Grupo Liven, S.A. 45.3.6. Ole Mexican Foods Inc. 45.3.7. Tyson Foods, Inc. 45.3.8. Easy Food Inc. 45.3.9. Rudy’s Tortilla 45.3.10. Tortilla king Inc. 45.3.11. Bimbo Bakeries USA 45.3.12. Liven S.A. 45.3.13. Mexican Food Specialties, Inc. 45.3.14. Mission Foods 45.3.15. Signature Flatbreads Ltd. 45.3.16. Tyson Mexican Original, Inc. 45.3.17. Other 46. Primary Key Insights