PUBLISHER: Market Research Future | PRODUCT CODE: 1578147
PUBLISHER: Market Research Future | PRODUCT CODE: 1578147
Global Tortilla Market Research Report Information By Type (Industrial, and Artisanal), by Processing Type (Fresh and Frozen), Product Type (Tortilla Mix, Pre-Cooked Tortilla, Tostadas, Tortilla Chips, Taco Shell, and Others), By Nature (Organic and Conventional), By Source (Corn and Wheat), By Category (Standard/Regular, and Gluten-Free), By Distribution Channel (B2B, and B2C), And By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Forecast Till 2032
The Tortilla Industry is expected to expand from 2024 to USD 66,464.53 million by 2032, with a compound annual growth rate (CAGR) of 4.41% over the forecast period (2024-2032). The rising demand for gluten-free and healthy options is driving the steady demand for tortillas. In recent years, there has been a clear shift in what people want in their meals, with an increased emphasis on healthier options. This shift is being driven by a growing knowledge of dietary requirements and health issues. One major feature in this movement is the proliferation of new applications. As more people became aware of these concerns, the popularity of gluten-free alternatives increased, resulting in tremendous growth in the tortilla market.
The introduction of innovative flavors and fillings is transforming the tortilla business, leveraging client interests and broadening its gastronomic appeal. Businesses are experimenting with different flavors to meet changing client tastes and preferences for exciting consumption experiences.
Market Segment insights
The Tortilla Market is divided into two segments: industrial and artisanal.
The Tortilla Market is divided into two segments based on processing type: fresh and frozen.
The market is divided into product types such as tortilla mix, pre-cooked tortilla, tostadas, tortilla chips, taco shell, and others.
The market is divided into organic and conventional categories based on nature. According to the source, the market is divided into two segments: corn and wheat. The Tortilla Market offers two categories: standard/regular and gluten-free. The market is divided into two segments based on distribution channel: B2B and B2C.
Regional insights
The North American tortilla market will account for 73.04% of the market in 2023 and is predicted to grow at a CAGR of 4.17%. The North American tortilla market sits at the crossroads of tradition and innovation, representing a dynamic landscape molded by cultural legacy and shifting consumer preferences.
The European tortilla market has grown significantly in recent years, owing to a number of main factors. For starters, growing multiculturalism and globalization have increased demand for varied cuisines such as Mexican and Tex-Mex, which use tortillas as a major ingredient.
The Asia Pacific tortilla market has grown significantly in recent years, mainly to the increasing popularity of Mexican cuisine, urbanization, and shifting consumer tastes toward healthier choices.
The South American tortilla industry is a complex and dynamic terrain characterized by distinct regional tastes, cultural influences, and economic factors.
The Middle East and Africa (MEA) tortilla market is expanding rapidly, driven mostly by changing consumer preferences, urbanization, and increased adoption of Western cuisine trends.
Key Companies in the Tortilla market include Paulig Group (Finland), Signature Flatbreads Ltd (London), General Mills Inc. (USA), Grupo Bimbo S.A.B. de C.V. (Mexico), Tyson Foods Inc (US), GRUMA S.A.B. DE C.V (Mexico), Dona Cholita (Australia), Aranda's Tortilla Company Inc. (US), PepsiCo Inc. (US), Ole Mexican Foods Inc. (Georgia), Easy Foods Inc. (US), Catallia Mexican Foods (US), and La Tortilleria (Australia).