Tortilla Market Research Report - Forecast till 2030

Tortilla Market Information: Product Type (Tortilla Mix, Pre-Cooked Tortilla, Frozen Tortilla, and Tortilla Chips) Source (Corn and Wheat) Claim (Gluten-Free and Low-Carb) Distribution Channel (Store-Based and Non-Store Based) Region - Forecast till 2030

ID: MRFR/F-B & N/1789-CR | February 2021 | Region: Global | 97 Pages         

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Tortilla Market

Tortilla market size is anticipated to reach USD 55.45 billion by 2030, registering a CAGR of 5.45% during 2022 to 2030.

Segmentation
By Product Type Tortilla Mix Pre-Cooked Tortilla Frozen Tortilla Tortilla Chips Others
By Source Corn Wheat Others
By Claim Gluten-Free Low-Carb
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Rest of the World
Key Players
Companies Profiled   Tyson Foods Inc. (U.S.)    Gruma SAB de CV (Mexico)    Grupo Bimbo SAB de CV (Mexico)    General Mills Inc. (U.S.)    Azteca Foods Inc. (U.S.)    Ole Mexican Foods Inc. (U.S.)    Grupo Liven S.A. (Spain)
Drivers
Market Driving Forces   Presence of various nutritional contents    Increasing awareness about health consciousness    Use of tortillas in the wrappers
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Global Tortilla Market Overview


It is expected that the tortilla market will increase at a high CAGR of 5.45% in the global market to account for a larger market value of approximately USD 55.45 billion during the forecasted period from 2022 to 2030. There are so many different types of tortillas made and produced worldwide. These tortillas can be consumed cooked and uncooked both. These tortillas can be served in different forms and sizes, and they come in three different packages, such as tostadas, tortilla chips, and taco shells.


The Global Tortilla Market is driven by factors that have led consumers to increase their tortilla consumption. Due to the least amount of fat products being used in the preparation of the tortilla, it is preferably be used in the nutritional diet of a product. The content of a tortilla doesn’t consist of any dietary fibers that may lead to health issues like gastrointestinal functions. They are pretty much a good replacement for the fibre-based food products that are being consumed. However, there has been a wider audience than did not promote tortilla consumption due to the involvement of certain dietary fibers that makes a huge sustained difference at the market level.


COVID 19 Analysis


The situation of the global pandemic has affected the normal working of the people adversely. Owing to the growing outbreak of the global pandemic of COVID 19 now, one has to deal with financial crises along with health issues. The lockdown situation and the post lockdown situation have pushed the economies into forced recession. During the lockdown situation, most of the manufacturing units of the tortilla market has been shut down which resulted in a steep downfall in revenues.


It is expected that the market for tortilla will recover from this global pandemic situation at the end of the second quarter of the coming year during the forecasted period.


Market Dynamics


Drivers



  • The tortilla market is increasing at a higher pace. Owing to the presence of various nutritional contents like vitamins, proteins, and minerals drive the growth of the tortilla market in the global market. Also, the increasing awareness about health consciousness in the consumers in the global market accelerated the growth of this market in the global market. Moreover, the use of tortillas in the wrappers is another factor that drives the growth of this market in the global market.


Opportunities



  • The increasing demand of this market in the global market. Owing to the decreasing price of two important raw material which helps in the manufacturing of tortilla provides various growth opportunities to the tortilla market in the global market. Moreover, the increasing demand for Mexican foods in various other regions also provides various growth opportunities in this market. To capture the growing demand for tortilla products, most of the manufacturers are focusing on the production of low-fat tortilla and whole-grain tortilla provides growth opportunities in the tortilla market in the global market.


Restraints



  • The tortilla market is growing very rapidly but some factors restrict the growth of this market like the availability of substitutes in the tortilla industry hampers the growth of the tortilla market in the global market. Another, factor that restricts the growth of this market is the no-awareness of the importance of the nutritional value present in the tortilla products hinders the growth during the forecasted period.


Value Chain Analysis


The global tortilla market is increasing tremendously in the global market during the forecasted period owing to various benefits provided by the tortilla products. The tortilla products are rich in fiber content and hence consumed as a weight-loss meal as it is a low-calorie product. The tortillas act as a substitute of dairy products as it is rich in calcium content and folic acids. The consumption of tortillas provides a high level of energy to work throughout the market and hence boost the growth of this market in the global market.


Market Segmentation


The tortilla market in the global market has been segmented based on the product type, source, claim, and distribution channels.


Based on the Product Type



  • The tortilla market in the global market has been divided based on the product type into tostadas, taco shells, tortilla mix, corn tortilla, frozen tortilla, flour tortilla, tortilla chips, pre-cooked tortilla. The largest market share in this division is held by the pre-cooked tortilla and hence dominates the market. Moreover, tortilla mix is observed to be the fastest-growing in the product type dividend during the forecasted period.


Based on the Source



  • The market for tortilla has been divided based on the source into corn source and wheat source. The largest market share in this dividend is held by the corn dividend and hence it dominates the market. The wheat source tortilla is showing a positive growth rate in this market.


Based on the Claim



  • The market for tortilla has been divided based on the claim into gluten made tortilla and gluten-free tortilla. Since a major portion of the population is suffering from lactose intolerance, gluten-free tortilla holds the largest market share in this market.


Based on the Distribution Channels



  • The global market has been divided based on the distribution channels into store-based distribution channels and non-store-based distribution channels. The store-based distribution channel is further sub-divided into hypermarket, supermarket, and specialty stores. The largest market share is held by the store-based distribution channel. Moreover, the non-store-based distribution channel also shows a positive growth rate in the tortilla market in the global market.


Regional Analysis


The largest market share in the tortilla market is held by the North American region as it is estimated to account for a higher market value of approximately USD 22.45 million and hence it dominates in the global market. The second-largest market share in this market is held by the Latin American region as it is expected to grow at a high CAGR of 5.07% during the forecasted period followed by the Asia-Pacific region, European region, the Middle East region respectively.


Competitive Landscape


The most prominent major key players in the tortilla market in the global market are as follows:



  • Tyson Foods Inc. (U.S.)

  • Gruma SAB de CV (Mexico)

  • Grupo Bimbo SAB de CV (Mexico)

  • General Mills, Inc. (U.S.)

  • Azteca Foods Inc. (U.S.)

  • Ole Mexican Foods Inc. (U.S.)

  • Grupo Liven, S.A. (Spain)


These most prominent major key players in the tortilla market in the global market use various strategies to capture the untapped potential market all across the globe by doing a collaboration, mergers, and acquisitions, establishing a new joint venture, developing a new product, innovation in the existing production, developing a new production process, expansion, and establishing a partnership.


Recent Developments


In August 2022, the tortilla food firm created a suburban Indianapolis and had the mergers collab with them by establishing 500 new jobs by the end of the year 2030.


In July 2022, the firm Frito-Lay had planned to collaborate almost a sum of around 200 million dollars to manufacture snacks. Then the addition of operational brands came out of the concern.


In June 2022, the casual Mexican restaurant that had a chain retail producing tortillas made sure of the investment in the company’s plans and so on.


Report Overview


This global tortilla research report contains various elements such as:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This global tortilla research report consists of various factors that drive the market along with the factors that restrict the growth of this market. Various growth opportunities in this market are also mentioned during the forecasted period. This report also contains the impact of the global pandemic of COVID 19 on the market. The future growth rate in the tortilla industry in the global market during the forecasted period is estimated and mentioned.


Users


Tortilla manufacturers, the food industry, retailers, wholesalers and distributors, traders, importers and exporters, and others.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 55.45 Billion
  CAGR   5.45% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Billion)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, By Source, By Claim, By Distribution Channel, and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Tyson Foods Inc. (U.S.), Gruma SAB de CV (Mexico), Grupo Bimbo SAB de CV (Mexico), General Mills Inc. (U.S.), Azteca Foods Inc. (U.S.), Ole Mexican Foods Inc. (U.S.), Grupo Liven S.A. (Spain)
  Key Market Opportunities   Decreasing price of two important raw material which helps in the manufacturing of tortilla, Increasing demand for Mexican foods
  Key Market Drivers   Presence of various nutritional contents, Increasing awareness about health consciousness, Use of tortillas in the wrappers


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Frequently Asked Questions (FAQ) :

It is expected that the tortilla market will grow at a high CAGR of approximately 5.45% in the global market during the forecasted period.

The tortilla market is expected to account for a higher market value share of approximately USD 55.45 million in the global market during the forecasted period.

Tyson Foods Inc. (U.S.), Gruma SAB de CV (Mexico), Grupo Bimbo SAB de CV (Mexico), General Mills Inc. (U.S.), Azteca Foods Inc. (U.S.), Ole Mexican Foods Inc. (U.S.), and Grupo Liven S.A. (Spain) are some of the key players that dominate the tortilla market.

The largest market share in the tortilla market in the global market is held by the North American region.