Tortilla Market Research Report - Global Forecast till 2027
Tortilla Market Research Report - Global Forecast till 2027
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Copyright © 2017 Market Research Future.
Tortilla Market Research Report - Global Forecast till 2027
1 Summary Global Tortilla Market Information: Product Type (Tortilla Mix, Pre-Cooked Tortilla, Frozen Tortilla and Tortilla Chips) Source (Corn and Wheat) Claim (Gluten-Free and Low-Carb) Distribution Channel (Store Based and NonStore Based) Region - Forecast till 2027 Tortilla Market, Tortilla Market research, Tortilla Market analysis, Tortilla Market industry analysis, Tortilla Market size, Global Tortilla Market research reports, Global Tortilla Market, Tortilla Industry, Tortilla Market Share
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Copyright © 2017 Market Research Future.
Tortilla Market Research Report - Global Forecast till 2027
2 Market Overview Tortillas have gained a lot of demand in the past few years due to increased need for healthy and diverse eating options. Market Research Future, a firm which specializes in market reports related to Food, Beverages & Nutrition sector among others, recently published a report on this market. The Global tortilla market is projected to reach USD 48.51 billion by 2023 while expanding at a growth rate of 5.10%. Versatility and a generally pleasing flavor profile of tortillas has been instrumental in creating high demand levels and opening diverse geographical markets for the products. As it is a plausible alternative to bread, its demand has further surged. Creation of gluten free and low carb options of tortillas has also been successful in tapping the health and wellness sector. Spread of Hispanic population on the global level has also played a significant role in growth of this industry. Regional Analysis: As per the MRFR analysis, the global market for tortilla has been witnessing continuous growth during the forecast period as a savory snack. Tortilla has gained popularity in potential application as bread replacer in the food industry. It has gained application in wide range of food dishes in different regions. In terms of value and volume, North America is estimated to dominate the tortilla market by holding the major share of 59.24%. Also, Latin America is projected to grow at a rate of 5.07% during the forecast period. Consumption of tortilla in Europe is also expected to grow swiftly at a CAGR of 5.07% during the given period due to growing health conscious population and growing inclination towards tortillas as a healthy alternative to bread.
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Copyright © 2017 Market Research Future.
Tortilla Market Research Report - Global Forecast till 2027
3 Pages Segmentation The market for tortilla chips has been divided into product types such as tortilla mix, pre-cooked tortilla, frozen tortilla and tortilla chips. On the basis of source into corn and wheat. The segment is further segmented on the basis of claim into gluten-free and low-carb and lastly on the base of distribution channel into store based and nonstore based. Gluten-free claim is anticipated to grow at a CAGR of 6.20% followed by low-carb claim over the forecast period while tortilla mix has observed to have a highest growth at a CAGR of 5.65% over the forecast period 2017-2023. On the basis of the distribution channel, store based distribution channel dominates the market in which convenience store is holding a leading share of 30% based on one stop shopping experience. Pre-cooked tortilla market is projected to dominate the market and is projected to hold a major share of 40.24% in the global market. Intended Audience • • • • •
Smoothie’s manufacturers Functional foods & beverages industry Raw material suppliers Retailers and wholesaler Traders, importers, and exporters
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Copyright © 2017 Market Research Future.
Tortilla Market Research Report - Global Forecast till 2027
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Copyright © 2017 Market Research Future.
