Tortilla Market report 2018, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Tortilla Market research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Tortilla Market is based on company profiles and their efforts on increasing product value and production.
This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
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The report analyzes the market of Tortilla by main manufactures and geographic regions. The report includes Tortilla definitions, classifications, applications, and industry chain structure, development trends, competitive landscape analysis, and key regions development and market status.
By Market Players:
increasing demand for ethnic Hispanic cuisine in these regions.
Lucrative Growth for Organic-certified Tortilla
Among the nature segment, organic-certified tortilla is anticipated to register a high growth rate of 4.1% in terms of revenue in the global tortilla market, owing to increasing awareness of organic certification and their associated quality by consumers across the globe. Although currently, the conventional tortilla segment is estimated to hold a relatively large share of the market in 2018.
Healthy Tortilla Options Gaining Traction
Owing to a rise in the awareness about the health benefits associated with the consumption of healthy and natural food products, over the past few years, there has been a rise in the number of health and diet conscious consumers. Despite traditional flour and corn-based tortilla remaining mainstream, several alternatives such as sweet potato tortillas are carving a niche for themselves in retail shelves and diet plans as they offer a healthy, flavorful alternative to standard tortilla offerings. Additionally, consumers prefer products with a clean label, as well as vegan, organic and non-GMO project verified tortilla products such as those offered by Angelic Bakehouse.
Leading ingredient producer Cargill has developed a number of whole grain, low-fat tortilla flour prototypes in an effort to capture a slice of the growing U.S. market for healthy bread alternatives.
Food ingredient firm AB Mauri has developed a patented technology for reduced-fat tortillas, which paves an opportunity in gaining traction among health-conscious consumers. The company’s new patented technology enables manufacturers to develop reduced fat, reduced sodium, wheat-based tortillas.
Shrinking Sizes of Tortillas Lending Opportunities to Unique Recipes
Over the last several years, a consistent reduction in the size of tortillas has been observed, thereby lending opportunity to its use for tacos, as opposed to burritos. Tacos are more versatile, being in line with the consumption of food in smaller portions, as consumers feel the need to incorporate more variety by using tortillas in taco recipes rather than large portions of a single dish. These sentiments are also corroborated through an internal analysis of restaurant menus in the U.S., where the number of menu items with tacos is slightly higher than those with burritos in 2017. Based on product type, the taco shells segment accounted for a share of about 6% in terms of revenue in 2017 in the global tortilla market, however, is expected to register a robust growth rate of 5.6% over the forecast period, ranking second only to tortilla chips.
Proliferation of Tortillas into the Eastern Hemisphere
Traditionally part of a Hispanic cuisine, tortillas have found their way into Asia Pacific thanks to a rapid integration of ethnic food due to population migration, willingness to experiment with new cuisines, and the robust marketing and advertising campaigns by food giants such as PepsiCo. Several countries in Asia Pacific share cultural similarities with Latin America in terms of cuisine, which has also accelerated this process. By region, Asia Pacific excluding Japan is expected to exhibit the most lucrative growth, registering a CAGR of 7.4% over the forecast period.
Reasons to Purchase This Report:
Market analysis for the global Tortilla Market, with region-specific assessments and competition analysis on a global and regional scale.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which textile, raw material, and application is expected to dominate the market
Which country is expected to witness the fastest growth during the forecast period?
Identify the latest developments, market shares and strategies employed by the major market players.
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The key insights of the Tortilla market report:
- The report provides key statistics on the market status of the Tortilla manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2018-2024 market development trends of Tortilla industry.
- Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
- The report makes some important proposals for a new project of Tortilla Industry before evaluating its feasibility.