Global Tortilla Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
21 Jul, 2023
The global tortilla market size is expected to grow from $47.40 billion in 2022 to $50.42 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tortilla market size is expected to reach $63.85 billion in 2027 at a CAGR of 6.1%.
Global Tortilla Market Key Driver
The growing number of people suffering from nutritional inadequacies is predicted to drive the tortilla industry ahead. Nutritional deficiency is defined as a lack of essential vitamins and minerals in the diet, which can lead to malnutrition and anaemia. Tortillas assist prevent nutritional deficiency because they are low in calories and abundant in protein, vitamins, iron, fibre, and other vitamins. They use high-potential foods to improve the body's growth and energy.
Get a sample of the global tortilla market reportGlobal Tortilla Market Segments
The global tortilla market is segmented:
1) By Product Type: Tortilla Chips, Taco Shells, Tostadas, Flour Tortillas, Corn Tortillas, Other Products
2) By Nature: Organic, Conventional
3) By Processing Type: Fresh, Frozen
4) By Source: Wheat, Corn
5) By Distribution Channels: Hypermarkets, Supermarkets, Convenience Stores, Online, Other Distribution Channels
6) By Geography: The regions covered in the tortilla market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global tortilla market.
Major Tortilla Industry Players
GRUMA S.A.B. de C.V, PepsiCo Inc., Easy Food Inc., La Tortilla Factory Inc., Liven S.A., Ole Mexican Foods Inc., Catallia Mexican Foods LLC., Aranda's Tortilla Company Inc., Arevalo Foods, Azteca Foods Inc., Tyson Foods Inc., Fiesta Tortillas, Eagle Foods Australia, Cargill Incorporated., Grupo Bimbo S.A.B. de C.V
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Tortilla Market Overview
Tortilla refers to a thin, unleavened flatbread, made of corn flour, filled with cheese, salsa, beans, guacamole, or meat. It is used to scoop up sauced or stewed dishes and contains enough lipids, vitamins, calcium, and magnesium for proper body growth. Tortillas are common in many parts of Mexican food.
Tortilla Global Market Report 2023 provides data on the global tortilla market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tortilla market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.