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Tortilla Market by Product and Geography - Forecast and Analysis 2020-2024 - Product Image

Tortilla Market by Product and Geography - Forecast and Analysis 2020-2024

  • ID: 4876567
  • Report
  • November 2019
  • Region: Global
  • 146 pages
  • TechNavio
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FEATURED COMPANIES

  • Arevalo Foods Inc.
  • Azteca Foods Inc.
  • Bunge Ltd.
  • Cargill Inc.
  • Easy Food Inc.
  • General Mills Inc.
  • MORE
Global Tortilla Market: About this market
The tortilla market analysis considers sales from tortilla chips, pre-cooked tortilla, and tortilla mix products. Our study also finds the sales of tortilla in APAC, Europe, MEA, North America, and South America. In 2019, the tortilla chips segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing per capita consumption in developed regions such as North America and Europe will play a significant role in the tortilla chips segment to maintain its market position. Also, our global tortilla market report looks at factors such as growing demand for convenience foods, a rise in the number of initiatives to improve agricultural output, and expansion in retail landscapes. However, fluctuations in food commodity prices, stringent regulations, and the high number of product recalls may hamper the growth of the tortilla industry over the forecast period.

Global Tortilla Market: Overview

Growing demand for convenience foods
Factors such as high participation of women in the workforce and rapid urbanization are driving the demand for convenience and easy to prepare food products such as tortillas. In addition, they are healthy and provide the body with the required amount of sodium essential for maintaining the water balance in the body. They help in the reduction of body fatigue and regulate metabolism as tortillas contain folate and pantothenic acid. Thus, the growing demand for convenience foods will lead to the expansion of the global tortilla market at a CAGR of over 6% during the forecast period.

Rising demand for gluten-free tortillas
Gluten is a protein present in several types of grains. Consumers are increasingly looking for gluten-free tortillas owing to the awareness about the health implications of gluten. Leaky gut caused due to gluten consumption leads to the infusion of bacterial proteins and other toxic compounds into the bloodstream, thereby causing autoimmune attacks. Gluten consumption can lead to hypothyroidism, type 1 diabetes, and inflammation of the gut. Many food manufacturers are offering gluten-free tortillas in their portfolio to cater to the demands of customers who want to avoid gluten. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global tortilla market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tortilla manufacturers, that include Arevalo Foods Inc., Azteca Foods Inc., Bunge Ltd., Cargill Inc., Easy Food Inc., General Mills Inc., GRUMA SAB de CV, Grupo Bimbo SAB de CV, PepsiCo Inc., and Tyson Foods Inc.

Also, the tortilla market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Arevalo Foods Inc.
  • Azteca Foods Inc.
  • Bunge Ltd.
  • Cargill Inc.
  • Easy Food Inc.
  • General Mills Inc.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
  • Market outlook
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Tortilla chips - Market size and forecast 2019-2024
  • Pre-cooked tortilla - Market size and forecast 2019-2024
  • Tortilla mix - Market size and forecast 2019-2024
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Rise in demand for gluten-free tortillas
  • Growing demand from mobile foodservice outlets
  • Growing prominence of private label brands
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Arevalo Foods Inc.
  • Azteca Foods Inc.
  • Bunge Ltd.
  • Cargill Inc.
  • Easy Food Inc.
  • General Mills Inc.
  • GRUMA SAB de CV
  • Grupo Bimbo SAB de CV
  • PepsiCo Inc.
  • Tyson Foods Inc.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global packaged foods and meats market
Exhibit 02: Segments of global packaged foods and meats market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Vendors: Key offerings
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Product - Market share 2020-2025 (%)
Exhibit 19: Comparison by product
Exhibit 20: Tortilla chips - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Tortilla chips - Year-over-year growth 2020-2024 (%)
Exhibit 22: Pre-cooked tortilla - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Pre-cooked tortilla - Year-over-year growth 2020-2024 (%)
Exhibit 24: Tortilla mix - Market size and forecast 2019-2024 ($ millions)
Exhibit 25: Tortilla mix - Year-over-year growth 2020-2024 (%)
Exhibit 26: Market opportunity by product
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2020-2025 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 31: North America - Year-over-year growth 2020-2024 (%)
Exhibit 32: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: South America - Year-over-year growth 2020-2024 (%)
Exhibit 34: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 36: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 38: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Wheat prices in the US ($ per metric ton)
Exhibit 43: Impact of drivers and challenges
Exhibit 44: Vendor landscape
Exhibit 45: Landscape disruption
Exhibit 46: Vendors covered
Exhibit 47: Vendor classification
Exhibit 48: Market positioning of vendors
Exhibit 49: Arevalo Foods Inc. - Vendor overview
Exhibit 50: Arevalo Foods Inc. - Product segments
Exhibit 51: Arevalo Foods Inc. - Key offerings
Exhibit 52: Azteca Foods Inc. - Vendor overview
Exhibit 53: Azteca Foods Inc. - Product segments
Exhibit 54: Azteca Foods Inc. - Key offerings
Exhibit 55: Bunge Ltd. - Vendor overview
Exhibit 56: Bunge Ltd. - Business segments
Exhibit 57: Bunge Ltd. - Organizational developments
Exhibit 58: Bunge Ltd. - Geographic focus
Exhibit 59: Bunge Ltd. - Segment focus
Exhibit 60: Bunge Ltd. - Key offerings
Exhibit 61: Cargill Inc. - Vendor overview
Exhibit 62: Cargill Inc. - Business segments
Exhibit 63: Cargill Inc. - Organizational developments
Exhibit 64: Cargill Inc. - Geographic focus
Exhibit 65: Cargill Inc. - Key offerings
Exhibit 66: Easy Food Inc. - Vendor overview
Exhibit 67: Easy Food Inc. - Product segments
Exhibit 68: Easy Food Inc. - Key offerings
Exhibit 69: General Mills Inc. - Vendor overview
Exhibit 70: General Mills Inc. - Business segments
Exhibit 71: General Mills Inc. - Organizational developments
Exhibit 72: General Mills Inc. - Geographic focus
Exhibit 73: General Mills Inc. - Segment focus
Exhibit 74: General Mills Inc. - Key offerings
Exhibit 75: GRUMA SAB de CV - Vendor overview
Exhibit 76: GRUMA SAB de CV - Business segments
Exhibit 77: GRUMA SAB de CV - Geographic focus
Exhibit 78: GRUMA SAB de CV - Segment focus
Exhibit 79: GRUMA SAB de CV - Key offerings
Exhibit 80: Grupo Bimbo SAB de CV - Vendor overview
Exhibit 81: Grupo Bimbo SAB de CV - Product segments
Exhibit 82: Grupo Bimbo SAB de CV - Organizational developments
Exhibit 83: Grupo Bimbo SAB de CV - Key offerings
Exhibit 84: PepsiCo Inc. - Vendor overview
Exhibit 85: PepsiCo Inc. - Business segments
Exhibit 86: PepsiCo Inc. - Organizational developments
Exhibit 87: PepsiCo Inc. - Geographic focus
Exhibit 88: PepsiCo Inc. - Segment focus
Exhibit 89: PepsiCo Inc. - Key offerings
Exhibit 90: Tyson Foods Inc. - Vendor overview
Exhibit 91: Tyson Foods Inc. - Business segments
Exhibit 92: Tyson Foods Inc. - Organizational developments
Exhibit 93: Tyson Foods Inc. - Segment focus
Exhibit 94: Tyson Foods Inc. - Key offerings
Exhibit 95: Validation techniques employed for market sizing
Exhibit 96: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Arevalo Foods Inc.
  • Azteca Foods Inc.
  • Bunge Ltd.
  • Cargill Inc.
  • Easy Food Inc.
  • General Mills Inc.
  • MORE
The following companies as the key players in the global tortilla market: Arevalo Foods Inc., Azteca Foods Inc., Bunge Ltd., Cargill Inc., Easy Food Inc., General Mills Inc., GRUMA SAB de CV, Grupo Bimbo SAB de CV, PepsiCo Inc., and Tyson Foods Inc.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rising demand for gluten-free tortillas.”

According to the report, one of the major drivers for this market is the growing demand for convenience foods.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in food commodity prices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Arevalo Foods Inc.
  • Azteca Foods Inc.
  • Bunge Ltd.
  • Cargill Inc.
  • Easy Food Inc.
  • General Mills Inc.
  • GRUMA SAB de CV
  • Grupo Bimbo SAB de CV
  • PepsiCo Inc.
  • Tyson Foods Inc.
Note: Product cover images may vary from those shown
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