Global Frozen Tortilla Market

Published: 2021-08-23 Views: 116
Author: Gaarti
Published in: Arts & Entertainment

Global Frozen Tortilla Market size was valued at US$ 6.96 Bn in 2019 and the total revenue is expected to grow at 4.9% through 2021 to 2027, reaching nearly US$ 10.20 Bn.

Global Frozen Tortilla Market Overview:

Factors attributing to the growth of the Frozen Tortilla Market are growing health consciousness among the people and the presence of various nutritional contents in it like vitamins, proteins, and minerals.

Global Frozen Tortilla Market size was estimated at US$ 6.96 Bn. in 2019 and the total revenue is expected to grow at a CAGR of 4.9% through 2021 to 2027, reaching nearly US$ 10.20 Bn. in 2027.

Global Frozen Tortilla Market

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2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2026. 2020 is a year of exception and analyzed specially with the impact of lockdown by region

Global Frozen Tortilla Market Dynamics:

The frozen tortilla market is witnessing significant growth in the global market over the forecast periods owing to the decreasing price of two important raw materials which are used in the manufacturing of tortillas which leads to the growth of tortillas in the global market. Also, the preference for Mexican foods in various other regions also provides growth opportunities for the tortilla. Nowadays producers are focusing on the production of low-fat tortillas and whole-grain tortillas to fulfill the rising demand of consumers for a variety of products.

The tortilla market is growing at a higher pace. Factors attributing to the growth of this market is the presence of various nutritional contents like vitamins, proteins, and minerals. Also, the increasing health consciousness among the consumers drives the growth of the frozen tortilla market in the global market. Moreover, attractive packaging is another key factor that drives the growth of this market in the global market.

High competition among local players and despite innovations traditional tortillas have a major share are the biggest constraints for tortilla markets. The worldwide tortilla market is restricted by a lack of knowledge about the presentation and preparation of tortillas, as well as their insignificant inventory presence in retail stores. Furthermore, knowledge of tortilla utilization is limited to niche markets in industrialized countries, and the availability of substitutes is one of the biggest challenges in the tortilla market.

In Feb 2020, a huge amount of investment of approximately USD 90 million was made by Stripes Group LLC, for expansion plans in Siete Family Foods that makes plant-based, dairy-free products, and grain-free products.

Global Frozen Tortilla Market Segment Analysis:

Based on the Source, the global frozen tortilla market is segmented into wheat, corn, and others. Wheat is the major segment in the global frozen tortilla market, it held largest market share of xx% in 2019, owing to the fact that most of the tortilla producers are using wheat as a main raw material for tortilla production due to its benefits like catalytic elements, mineral salts, calcium, magnesium, etc. Corn is also a popular segment among tortilla manufactures due to its nutritional value and rich source of protein.

Global Frozen Tortilla Market 1

Based on the Distribution Channel, the global frozen tortilla market is classified into store based and non-store based. Store Based segments dominate the global frozen tortilla market due to convenience and wide range of products with different prices. Non-Stored online retailers also capture the major market share due to the wide reach of mobile and another digital mediums.

Global Frozen Tortilla Market 2

Global Frozen Tortilla Market Regional Analysis:

Asia Pacific is witnessing significant growth of xx% in the forecast period, owing to the rise in disposable income of consumers and a large number of food processing industries present in the region. China, India, and Japan are the major producers of tortillas in the Asia Pacific regions.

North America dominates the global tortilla market due to high production and awareness among the people regarding the health benefits and nutritional value offered by tortillas. In 2020 the market value of tortillas in the US was USD 2 Bn. the United States, Canada, and Mexico are the dominating regions of North America in the tortilla market.

Europe is expected to remain at the third position during the forecast period. Factors attributing to the strong growth of this region is high production and consumption of tortillas. Nutritional deficiency among European people is one of the reasons for the demand for tortillas in this region. In 2020 the market value of frozen tortillas in Europe was USD 1.27 Bn.

The Middle East and Africa relatively show slow growth over the forecast period owing to low economical, industrial, and agricultural developments.

Global Frozen Tortilla Market 3

The objective of the report is to present a comprehensive analysis of the global frozen 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 analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global frozen tortilla market dynamics, structure by analyzing the market segments and project the global frozen 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 global frozen tortilla market make the report investor’s guide.

Global Frozen Tortilla Market Scope: Inquire before buying

Global Frozen Tortilla Market 4

Global Frozen Tortilla Market, by Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Global Frozen Tortilla Market Key Players

• Azteca Foods Inc.

• General Mills, Inc.

• Gruma SAB de CV

• Grupo Bimbo SAB de CV

• Grupo Liven, S.A.

• Ole Mexican Foods Inc.

• Tyson Foods, Inc.

• Easy Food Inc.

• Rudy’s Tortilla

• Tortilla king Inc.

• Bimbo Bakeries USA

• Liven S.A.

• Mexican Food Specialties, Inc.

• Mission Foods

• Signature Flatbreads Ltd.

• Tyson Mexican Original, Inc.

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