11-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Tortilla Market By Product Type (Tortilla Chips, Taco Shells, Tostada, Flour Tortilla, and Corn Tortilla), By Source (Corn, Wheat, and Others), By Nature (Organic and Conventional), By Distribution Channels (Online Retailing, Food & Drink Specialty Stores, Hypermarket/Supermarket, Discount Stores, and Convenience Stores), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global tortilla market in 2019 exceeded USD 39,500 Million. The market is expected to grow at a CAGR of over 5% and is anticipated to reach around USD 56,000 Million by 2026.
A tortilla is flat circle-shaped bread made from wheat or corn. It is a core element in most of the Mexican cuisines. For decades, the Hispanic population has been consuming tortilla as a staple food. However, the product is consumed as wraps and snacks in other regions.
Browse the full “Tortilla Market By Product Type (Tortilla Chips, Taco Shells, Tostada, Flour Tortilla, and Corn Tortilla), By Source (Corn, Wheat, and Others), By Nature (Organic and Conventional), By Distribution Channels (Online Retailing, Food & Drink Specialty Stores, Hypermarket/Supermarket, Discount Stores, and Convenience Stores), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-tortilla-market-by-product-type-tortilla-chips-680
Some key factors that are flourishing the global tortilla market are the constantly budding demand for fast foods & convenience foods worldwide, changing food habits & lifestyle, rapid urbanization, and rising trends of nuclear families, which, in turn, escalate the growth of the tortilla industry at a global level. Apart from this, tortilla offers a wide range of health benefits, such as effectively regulating the metabolism, enhance physical activity, fatigue reduction, and maintaining the optimum water level in the body. The aforementioned aids of tortilla consumption are likely to further prosper the demand for the product throughout the study timeframe. As gluten is the major ingredient present in a wheat-based tortilla, the gluten-related health implications in rare cases urge the industrial players to expand their product portfolio by introducing gluten-free tortillas, thereby escalating the global tortilla market growth.
The “tortilla chips” category accounts for the major share of the global tortilla market under the product type segment
Tortilla chips are prepared from corn flour and are consumed as a snack in different regions. Yellow corn is majorly used in the preparation of tortilla chips. As already mentioned, there are multiple health benefits of tortilla, which is the key factor driving the tortilla chips segment and has been attracting consumers worldwide. Tortilla chips are being served in food courts, sports bars, and restaurants globally.
North America tortilla market held the major revenue share generated globally
In 2019, North America held the leading position in the global tortilla market and the region is projected to offer multiple business avenues to key industry vendors during the study timeframe. The regional market is likely to be driven by the enormous growth of the fast-food industry, the rising Hispanic population, the presence of a large number of leading players, and rapid urbanization.
Some of the key players driving the global tortilla market target Brands Inc., Mission Foods, GRUMA, Utz Quality Snacks, Herr’s, El Milagro Inc., Truco Enterprises LP, S.A.B. de C.V., Trader Joe’s, Frito-Lay Inc., Easy Foods, and PepsiCo Inc., among others.
This report segments the global tortilla market as follows:
Global Tortilla Market: Product Type Segmentation Analysis
- Corn tortilla
- Taco shells
- Tortilla chips
- Flour tortilla
Global Tortilla Market: Nature Segmentation Analysis
Global Tortilla Market: Source Segmentation Analysis
Global Tortilla Market: Distribution Channel Segmentation Analysis
- Online Retailing
- Food & Drink Specialty Stores
- Convenience Stores
- Discount Stores
Global Tortilla Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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