Tortilla Market Growth Rate Forecast:
The Tortilla Market is estimated to grow at a Compound Annual Growth Rate (CAGR) of 5.8% from 2024 to 2030.
Tortilla Market Growth or Demand Increase or Decrease for what contains ?
The Tortilla Market was valued at USD 50.59 billion in 2023 and is projected to grow at a CAGR of 5.8% from 2024 to 2030, reaching USD 75.07 billion by the end of the forecast period. Tortillas, a staple in Mexican cuisine, are made primarily from cornmeal/maize or wheat flour. They are used in various dishes such as tacos, enchiladas, tostadas, and burritos. The market growth is driven by the increasing popularity of ready-made dishes and the perceived health benefits of tortillas, which include essential vitamins and minerals.
Increased tortilla eating is unhealthy.
Tortillas include vital carbs, however they also feature a high salt level. According to the Linus Pauling Institute, a 12-inch tortilla contains 803 milligrammes of salt, which accounts for 35% of the necessary daily sodium intake. To avoid salt overload, choose low-sodium tortillas wherever possible and consume them in moderation. To prepare healthy meals, utilise tortillas and avoid high-fat toppings such as sour cream and melted cheese. To replace cheese in tacos and fajitas, use unsweetened, nonfat Greek yoghurt and double the salsa.
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Tortilla Market Overview:
Maximise Market Research provides clients with a comprehensive understanding of the competitive landscape, making it an invaluable resource for strategic planning. The comprehensive Tortilla Market overview includes complete information on market size, trade statistics, key players, and a range of industry indicators such as the life cycle and current trends.
Tortilla Market Segmentation:
By Nature:
- Organic
- Conventional
By Processing Type:
- Fresh (Raw)
- Frozen
By processing type, the frozen category had a market share of approximately % in 2023 and is predicted to rise significantly throughout the forecast period. Frozen foods are growing more popular due to increased consumer tastes and availability, as they need less time and effort to prepare than fresh dishes. Because the frozen technique is one of the most well-established long-term preservation methods for producing high-quality, nutritious meals with an extended shelf life, frozen tortillas represent a significant portion of the global tortilla market that is rapidly expanding.
By Product Type:
- Tortilla chips
- Taco shells
- Tostadas
- Flour tortillas
- Corn tortillas
- Others
By Product Type, the tortilla chips category is predicted to expand fast during the forecast period as snack-based meal consumption rises. Furthermore, the availability of these chips in a wide range of flavours and types is likely to boost the tortilla chips market. To differentiate their products in the market, producers have experimented with new flavours and additives. These chips, which are seasoned with herbs and spices and often served with dips, have become a popular snack around the world.
By Source:
- Wheat
- Corn
By Distribution Channel:
- Hypermarkets/Supermarkets
- Convenience stores
- Online
- Others
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Tortilla Market Scope Methodology:
The Tortilla market is highly competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A thorough examination of the Tortilla Market’s drivers, constraints, possibilities, and issues. The Tortilla market estimations and growth rates were determined using a bottom-up approach.
To get insight into Tortilla Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study conducted regional analyses at the local, regional, and global levels. Essential information about the Tortilla Market, including companies, investors, and new entrants, is supplied to assist in the development of marketing strategies and investment plans.
The Tortilla Market was examined using primary and secondary data collection methods. Primary methods comprised surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news releases, annual and financial reports, white papers, and so on. The SWOT analysis identified market vulnerabilities and weaknesses, while the PORTER framework assessed industry competitiveness in the energy-efficient lighting sector.
Tortilla Market Growth or Demand in which regions?
North America:
- Dominated the market with a 40% revenue share in 2023.
- Driven by the increasing Hispanic and Latino population in the United States.
- High popularity of tortillas compared to other ethnic breads like pita bread and bagels.
South America:
- Rapid market growth expected due to the increasing population and economic development in countries like Brazil and Argentina.
- Influence of social media on consumer purchasing behavior driving the market.
- Significant market presence in Central America, with regular tortilla consumption in Mexico, Guatemala, El Salvador, and Nicaragua.
Latin America:
- Rapid growth anticipated due to abundant raw material supply and presence of major market players.
- Increased disposable income and consumer awareness about healthy products driving the market.
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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
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Key questions answered in theTortilla Market are:
- What is Tortilla Market?
- What is the growth rate of the Tortilla Market?
- Which are the factors expected to drive the Tortilla Market growth?
- What are the different segments of the Tortilla Market?
- What are the factors restraining the growth of the Tortilla Market?
- What is the demand pattern of the Tortilla Market?
- What major challenges could the Tortilla Market face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment |
- Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape Profiles of selected key players by region from a strategic perspective
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