Tortilla Market: Global Industry Analysis And Forecast (2022-2029)

Tortilla Market size was valued at US$ 45.2 Bn. in 2021 and the total Tortilla revenue is expected to grow by 5.8% from 2022 to 2029, reaching nearly US$ 70.96 Bn.
Tortilla Market Overview:
Tortilla is a round, thin, flat Mexican bread prepared with unleavened cornmeal/ maize or, less frequently, wheat flour. Most tortillas are now purchased at tortilleras, where the dough is made by machine, formed into discs, and pushed over a flame by a conveyer belt. Tortillas become stale rapidly and are frequently purchased fresh every day or even for each meal. Most Mexican recipes are served with tortillas. Tacos are made by folding tortillas over a filling of meat, beans, or cheese and a spicy sauce. Enchiladas are tortillas that have been wrapped or folded around a filling and baked beneath a sauce. Tostadas are crispy fried tortillas topped with meat, beans, cheese, lettuce, and tomatoes. Burritos are made using wheat flour tortillas rolled around a filling of beans, meat, or cheese. Sopes, chalupas, quesadillas, and panuchos are all made of tortilla dough that has been shaped into different shapes to hold a savory filling.



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The global tortilla market is expected to grow significantly during the forecast period because of the many benefits served by tortilla products. The report investigates the Tortilla market's drivers, limitations, prospects, and barriers. This MMR report includes recommendations for the investor, new entrant, etc. based on a thorough examination of the Tortilla market's contemporary competitive scenario. The report provides the Tortilla market's segments by Nature, Processing Type, Product Type, Source, Distribution channel, and Region. The data provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020.
Tortilla Market Dynamics:
Tortilla's organic properties attract consumers.

Tortilla is considered a potential alternative for bread, and the surge in popularity of ready-made dishes is driving its growth. It includes lipids, vitamins, calcium, and magnesium in sufficient quantities for optimal body growth and is used to treat various bone disorders. Due to this, People have always preferred organic and plant-based foods. As a result, this is the primary factor for the growth of the tortilla market. Tortilla contains no extra preservatives or chemical components, making it suitable for human consumption. Continuous R&D, product standardization, rising disposable income, investment in advanced technology, and innovation are all expected to increase worldwide demand for tortillas.

Increasing awareness about the benefits associated with tortilla consumption growing the demand for the market.

Changing lifestyles seem to be driving global growth and demand for the tortilla market. Moreover, busy schedules, deteriorated health conditions, and an increase in urban working populations are some of the major factors leading to tortilla consumption growth. Customers' rising health concern has also increased tortilla consumption, as consumers find the nutritional properties of tortillas, particularly vitamin B3 and fiber, to be beneficial. Tortillas are also label-friendly, as they include identifiable components such as maize or wheat, salt, vegetable oil, and water. Even it is better for today's health-conscious customers. Tortillas are a rich source of fiber and are also available in gluten-free forms, providing a nutritional advantage that has increased their use among consumers.

Increased tortilla consumption is unhealthy.

While tortillas contain important carbohydrates, they also include a high salt content. According to the Linus Pauling Institute, a 12-inch tortilla increases your salt consumption by 803 milligrams, giving 35% of the recommended daily laimit sodium intake. To avoid salt overload, choose low-sodium tortillas wherever feasible and consume tortillas in moderation. To make healthy meals, use tortillas and avoid high-fat toppings like sour cream and melted cheese. Instead, use unsweetened, nonfat Greek yogurt in tacos and fajitas and double the salsa to replace cheese without compromising flavor.
Tortilla Market Segment Analysis:
By processing Type, the frozen segment held a market share of about xx% in 2021 and is expected to grow significantly during the forecast period. Frozen foods are becoming more popular as a result of increasing consumer preferences and availability, as they need less time and effort to make than fresh dishes. Because the frozen technique is among the most well-established long-term preservation methods for creating high-quality, nutritious foods with extended shelf-life, frozen tortillas are a substantial segment of the global tortilla market witnessing rapid growth. This frozen technique offers small manufacturers in developing countries an additional way to add value to their products in a competitive market. Fresh tortillas or an opened package of store-bought tortillas would keep in the refrigerator for approximately 10 days; much longer and the quality might suffer. Frozen Tortillas for at least two months without losing quality. The tortillas can likely stay longer in the freezer if sealed properly with any excess air removed.



By Product Type, the tortilla chips segment is expected to grow rapidly during the forecast period because of the increased consumption of snack-based meals. Moreover, the availability of these chips in many flavors and varieties is expected to drive the tortilla chips market. To make their products stand out in the market, manufacturers have been exploring novel tastes and additives. These chips, prepared with herbs and spices and typically served with dips, have become a beloved snack across the world. The usage of novel varieties, as well as organic, gluten-free, and low-fat chips, has also contributed to growth. Because of the health advantages of these chips, the tortilla chip company was able to enter new markets. Systematic retail strategies that ease the manufacture of new tasty snacks for consumers may potentially drive tortilla consumption during the forecast period. Novelties launched by tortilla chip ingredient providers are also growth contributors.
Tortilla Market Regional Insights:
The North American market had the highest revenue share of about 40% in 2021 and is expected to maintain its dominance throughout the forecast period. The increasing Hispanic and Latino population in the United States is one of the key drivers of the tortilla market. Tortilla and tortilla products are more popular among US consumers than any other ethnic bread, including pita bread, English muffins, and bagels. Tortilla is one of the most popular Mexican dishes, due to this, its demand is increasing as the Hispanic population in North America increases.

The increasing population, along with continuous advancements in the beverages industry, has had a substantial positive impact on the economic development of Brazil and Argentina. Argentina and the rest of the continent are behind Brazil in the South American tortilla market. Social media has a major impact on client purchase behavior in Brazil, driving the tortilla products business during the forecast period.



The Latin American market is expected to grow rapidly during the forecast period. The enormous and readily accessible supply of raw materials required to create tortillas, as well as the presence of significant global market participants, has driven the tortilla industry's growth in this region. Some of the major factors driving the tortilla, particularly in South America, are increased nutrition and health expenditures, disposable income, and consumer awareness of healthy products.

In addition, although tortilla culture is observed from Mexico to Argentina, it is much more popular in Central America. Tortillas are consumed regularly by the majority of the people in Mexico, Guatemala, El Salvador, and Nicaragua. The tortilla's versatility as wrapping is unlimited. Tortillas are often used as eating utensils, as a platter as in a tostada, and for a variety of other purposes among native Mexicans. The tortilla is no longer seen just as an ethnic bread in the United States. This is due in part to a rise in the Hispanic population.

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, and 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.
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Global Tortilla Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 45.2 Bn.


Forecast Period 2022 to 2029 CAGR:
5.8 %
Market Size in 2029:
US $ 70.96 Bn.


 Segments Covered:
by Nature
• Organic
• Conventional


by Processing Type
• Fresh (Raw)
• Frozen


by Product type
• Tortilla chips
• Taco shells
• Tostadas
• Flour tortillas
• Corn tortillas
• Others


by Source
• Wheat
• Corn


by Distribution channel
• Hypermarkets/Supermarkets
• Convenience stores
• Online
• Others



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

FAQs:

1. Which is the potential market for Tortilla in terms of the region?
Ans. North America is the potential market for tortillas in terms of region.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is Tortilla's organic innovative properties to attract consumers.

3. What is expected to drive the growth of the Tortilla market in the forecast period?
Ans. Increasing awareness about the benefits associated with tortilla consumption growing the demand for the market.

4. What is the projected market size & growth rate of the Tortilla Market?
Ans. Tortilla Market size was valued at US$ 45.2 Bn. in 2021 and the total Tortilla revenue is expected to grow by 5.8% from 2022 to 2029, reaching nearly US$ 70.96 Bn.

5. What segments are covered in the Tortilla Market report?
Ans. The segments covered are Nature, Processing Type, Product Type, Source, Distribution channel, and Region.