Tortilla Market size was valued at US$ 41.5 Bn. in 2020. Corn, one of the segments reviewed in our report dominated Tortilla Market.
Tortilla Market Overview:Tortillas are thin unleavened bread that is mainly used in Mexican cuisine to make burritos and enchiladas and are mainly used as wraps called tacos. Made from corn and wheat, tortillas are thought to be rich in protein, vitamins, and minerals, making them a staple food for Hispanics. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Tortilla Market Dynamics:The growing diabetic and health-conscious population are leading to demand tortillas as a bread substitute is increasing. Due to its low-calorie content and low carbohydrate content, tortillas are becoming a popular alternative to bread. In addition, the versatile use of tortillas as a wrapper in the food and beverage industry. These factors are driving the demand for a tortilla in the market. Consumers are increasingly looking to organic nutrition, and the availability of organic tortillas is driving the market growth. As the diabetic population grows, people are increasingly looking for gluten-free products. Therefore, countries with a high prevalence of diabetics are an opportunity for the global tortilla market growth. The major players manufacturing tortilla products are focused on diversifying their businesses through mergers, acquisitions, collaborations, and joint ventures. They are introducing new product variations into their product portfolio in response to changing consumer patterns, taking into account the nutritional value of their products. They are also investing in product packaging and labeling to attract consumers. Consumers are also familiar with these products for their hygienic and nutritional value. These factors are driving the growth of the tortilla market. Consumer demand for organic foods is increasing. Organic foods are pesticide-free, preservative-free, and GMO-free. Tortillas are thin unleavened bread made primarily from wheat and corn. Consumers these days are very concerned that the use of traditional foods and foods derived from GMOs (genetically modified organisms) has contributed to an increase in health problems. Tortilla manufacturers are also focusing on developing and marketing organic tortillas. This is one of the major factors driving the market growth. Manufacturers use clean-labeled ingredients such as dry yeast and enzymes to simplify their consumer ingredient list and increase the availability of healthy organic tortilla products. They mimic the properties of reducing agents, and manufacturers use these clean labeling ingredients to find the right balance between health and enjoyment. Clean labels and exciting flavors of organic tortilla products create valuable opportunities for manufacturers. Manufacturers use reducing agents such as cysteine and sodium metabisulfite to obtain the proper dough rheology. Many consumers do not fully understand the importance of such ingredients on labels is restraining the market growth of the product. Market trends and challenges are analyzed and compiled in the report. The data of 2020 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2016 to 2019 with market forecast until 2027.
Tortilla Market Segment Analysis:By Source, the Corn segment dominated the market with a 45 % share in 2020. Corn is a good source of fiber and magnesium. They are low in carbohydrates, have fewer calories, and fat as compared to other sources. These are the factors growing the demand for a corn tortilla. Increasing healthy lifestyle, the growing popularity of Mexican corn tacos are the major factors driving the market growth of the segment. Others Segment is expected to grow at a CAGR of 3 % through the forecast period. Increasing efforts to strike the perfect balance between indulgence and health, usage of consumer-friendly ingredients, and introduction of multigrain ingredients to meet the demand of millennials. These factors are expected to drive the market growth through the forecast period. By Nature, the Conventional segment dominated the market with a 54 % share in 2020. Conventional tortillas are made from raw materials grown traditionally. Raw materials from grains such as corn and wheat are grown using pesticides, chemical herbicides, and other chemicals. This method is suitable for large-scale production and inexpensive, so traditional agriculture is economical and beneficial for farmers to earn more income. These factors are driving the market growth of the segment in the market. The organic segment is expected to grow at a CAGR of 9% through the forecast period. The clean labels and exciting flavors of organic tortilla products create valuable opportunities for manufacturers. Consumers are choosing healthier foods that use nutritious natural ingredients. Demand for organic tortillas is expected to increase in the near future as they meet the demand for healthier, cleaner, and more natural snacks. These factors are expected to drive the market growth through the forecast period.
Tortilla Market Regional Insights:North America dominated the market with a 40 % share in 2020. Tortilla despite being native food to Mexico, has more consumption in this region. Increased demand for gluten-free products and the presence of major market leaders in the region. Food retailing chains such as Taco Bell and Tex-Mex are gaining huge popularity driving the demand for tortillas. These factors are driving the tortilla market in this region. Asia Pacific is expected to grow at a CAGR of 4.8 % through the forecast period. Easy product availability due to increasing supermarkets and online grocery stores are expected to drive the demand for a tortilla in this region. Growing adoption of western cuisines, increasing disposable income levels, and Mexican food becoming an essential diet in Asian countries. These are the factors expected to drive the market growth of tortillas through the forecast period. The objective of the report is to present a comprehensive analysis of the 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 analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Tortilla market dynamics, structure by analyzing the market segments and projecting the 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 Tortilla market make the report investor’s guide.
Tortilla Market Scope: Inquire before buying
Tortilla Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Tortilla Market Key Players• GRUMA • S.A.B. de C.V • Tyson Foods, Inc. • PepsiCo • Olé Mexican Foods Inc. • Easy Foods, Inc. • Mi Rancho • Arevalo Foods Inc. • Azteca Foods, Inc. • Rudy's Tortillas • Tortilla King Inc. • Fiesta Tortilla Factory Inc. • Los Amigos Tortilla Manufacturing, Inc. • Rudy's Tortillas • Franco Whole Foods, LLC • La Tortilla Factory • Eagle Foods Australia • Catallia Mexican Foods
FAQ:1] What segments are covered in the Tortilla Market report? Ans. The segments covered in the Tortilla Market report are based on Source and Nature. 2] Which region is expected to hold the highest share in the Tortilla Market? Ans. Asia Pacific Region is expected to hold the highest share in the Tortilla Market. 3] What is the market size of the Tortilla Market by 2027? Ans. The market size of Tortilla Market by 2027 is US $ 65.34 Bn. 4] Who are the top key players in the Tortilla Market? Ans. GRUMA, S.A.B. de C.V, Tyson Foods, Inc., PepsiCo, Olé Mexican Foods Inc., Easy Foods, Inc., Mi Rancho, Arevalo Foods Inc., Azteca Foods, Inc., Rudy's Tortillas, Tortilla King Inc., Fiesta Tortilla Factory Inc., Los Amigos Tortilla Manufacturing, Rudy's Tortillas, Franco Whole Foods, LLC, La Tortilla Factory, Eagle Foods Australia, Catallia Mexican Foods. 5] What was the market size of the Tortilla Market in 2020? Ans. The market size of Tortilla Market in 2020 was US $ 41.5 Bn.
1. Global Tortilla Market: Research Methodology 2. Global Tortilla Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Tortilla Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Tortilla Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Tortilla Market Segmentation 4.1. Global Tortilla Market, by Source (2020-2027) • Wheat • Corn • Others 4.2. Global Tortilla Market, by Nature (2020-2027) • Conventional • Organic 5. North America Tortilla Market(2020-2027) 5.1. Global Tortilla Market, by Source (2020-2027) • Wheat • Corn • Others 5.2. Global Tortilla Market, by Nature (2020-2027) • Conventional • Organic 5.3. North America Tortilla Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Tortilla Market (2020-2027) 6.1. European Tortilla Market, by Source (2020-2027) 6.2. European Tortilla Market, by Nature (2020-2027) 6.3. European Tortilla Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Tortilla Market (2020-2027) 7.1. Asia Pacific Tortilla Market, by Source (2020-2027) 7.2. Asia Pacific Tortilla Market, by Nature (2020-2027) 7.3. Asia Pacific Tortilla Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Tortilla Market (2020-2027) 8.1. Middle East and Africa Tortilla Market, by Source (2020-2027) 8.2. Middle East and Africa Tortilla Market, by Nature (2020-2027) 8.3. Middle East and Africa Tortilla Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Tortilla Market (2020-2027) 9.1. Latin America Tortilla Market, by Source (2020-2027) 9.2. Latin America Tortilla Market, by Nature (2020-2027) 9.3. Latin America Tortilla Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. GRUMA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. S.A.B. de C.V 10.3. Tyson Foods, Inc. 10.4. PepsiCo 10.5. Olé Mexican Foods Inc. 10.6. Easy Foods, Inc. 10.7. Mi Rancho 10.8. Arevalo Foods Inc. 10.9. Azteca Foods, Inc. 10.10. Rudy's Tortillas 10.11. Tortilla King Inc. 10.12. Fiesta Tortilla Factory Inc. 10.13. Los Amigos Tortilla Manufacturing, Inc. 10.14. Rudy's Tortillas 10.15. Franco Whole Foods, LLC 10.16. La Tortilla Factory 10.17. Eagle Foods Australia 10.18. Catallia Mexican Foods