Global Tortilla Market Information
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Global Tortilla Market Information
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 Non-Store Based) Region - Forecast till 2023
Key Players: The notable players in the Tortilla Market Size are Gruma SAB de CV (Mexico), General Mills, Inc. (U.S.), Azteca Foods Inc.(U.S.), Tyson Foods, Inc. (U.S.), Grupo Bimbo SAB de CV (Mexico), Ole Mexican Foods Inc. (U.S.),and Grupo Liven, S.A. (Spain)
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Global Tortilla Market Information
Tortillas have gained substantial demand as the popularity and availability of Mexican cuisine has increased globally. Reports that gauge the food, beverages & nutrition industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is expected to gain an ascendant CAGR in the forecast period. The nutritional value of tortillas is better than bread which has led to its increased intake globally. Moreover, the demand for healthy food options is motivating the tortilla market around the world. The availability of tortillas in various forms has increased the end user base drastically in the past few years and is likely to carry on in the upcoming forecast period.
Regional Analysis: The regional assessment of the tortilla market is carried out on the basis of regions such as Europe, Asia Pacific, North America and the rest of the world. The market for tortillas globally has been witnessing incessant growth for the duration of the forecast period primarily as a savory snack. Tortilla has gained fame in the possible application such as a bread replacer in the food industry. It also has gained use in a wide range of food dishes in diverse regions. In terms of value and volume, the North American region is expected to govern the tortilla market by controlling the key share of 59.24%. This is chiefly due to the continuous increase of the Hispanic population in the U.S. Besides, tortillas are gaining popularity even in non-Hispanic population groups in the North American region. Moreover, the Latin American region is anticipated to develop at a rate of 5.07% all through the forecast period.
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Global Tortilla Market Information
Segmentation The segmental analysis of the tortilla market is carried out on the basis of product type, source, claim, distribution channel and region. On the basis of product type, the tortilla market is segmented into pre-cooked tortilla, frozen tortilla, tortilla mix, and tortilla chips. On the basis of source, the tortilla market is segmented into corn and wheat. On the basis of the claim, the tortilla market comprises of low-carb and gluten-free. Based on the distribution channel, the tortilla market is segmented into store-based and non-store based. On the basis of region, the tortilla market is segmented into Europe, Asia Pacific, North America and the rest of the world.
Intended Audience Tortilla manufacturers Food industry Retailers, wholesalers and distributors Traders, importers and exporters
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Global Tortilla Market Information
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