Tortilla Market Overview:
According to MRFR analysis, the global Tortilla market is expected to register a CAGR of ~5.45% from 2023 to 2032 and hold a value of over USD 57.7 Billion by 2032.
The North American region, comprising the United States, Canada, and Mexico, forms a significant market for tortillas, driven by factors such as cultural diversity, changing dietary habits, and the popularity of Mexican cuisine. Tortillas serve as a versatile staple in the North American diet, enjoyed in various forms ranging from tacos and burritos to wraps and chips. Their convenience, affordability, and adaptability to different culinary traditions contribute to their widespread consumption. Furthermore, the growing demand for healthier and gluten-free alternatives fuels innovation in the tortilla market, with manufacturers introducing products made from alternative grains and natural ingredients. With a strong presence in both retail and foodservice sectors, the North American Tortilla Market continues to expand, solidifying its position as a key segment within the global food industry.
There are several varieties of tortillas developed and produced across the world. These tortillas may be eaten both cooked and uncooked. These tortillas may be served in a variety of shapes and sizes, and they are available in three distinct packages, including tostadas, tortilla chips, and taco shells. The Global Tortilla Market is being driven by factors that have led to a rise in tortilla consumption among consumers. As for the low quantity of fat products used in the manufacturing of the tortilla, it is preferable to be used in a product's nutritious diet. A tortilla contains no nutritional fibers, which may cause health problems such as gastrointestinal disorders. They provide a decent substitute for the currently ingested fiber-based dietary products. However, because specific nutritional fibers are involved and produce a significant, long-lasting effect in the market, there has been a larger audience that did not support the use of tortillas.
The global pandemic crisis had a negative impact on people's usual working lives. Because of the expanding global pandemic, one must now cope with both financial and health difficulties. The lockdown and subsequent post-lockdown situations have put the economies into forced recession. During the lockout, the majority of the tortilla production facilities were shut down, resulting in a significant drop in income.
Market Segmentations:
The global Tortilla market has been segmented into product type, source, claim, and distribution channels.
Based on Product Type, the market has been segmented into tostadas, taco shells, tortilla mix, corn tortillas, frozen tortillas, flour tortillas, tortilla chips, and pre-cooked tortillas.
Based on Source, the market has been segmented into a corn source and a wheat source.
Based on Claim, the market has been segmented into the gluten-made tortilla and gluten-free tortillas.
Based on distribution channels, the market has been segmented into non-store-based and store based.
Key Players:
Some of the Key Tortilla Industry are Tyson Foods Inc, Gruma SAB de CV, Grupo Bimbo SAB de CV, General Mills Inc, Azteca Foods Inc, Ole Mexican Foods Inc, Grupo Liven
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