Tortilla Market Size is Expected to Reach USD 57.7 Billion by 2032 at a CAGR of 5.45%

Research Reports

Jul 16, 2023

Market Research Future Insights

According to MRFR analysis, the global Tortilla market is expected to register a CAGR of ~5.45% from 2023 to 2032 and hold a value of over USD 57.7 Billion by 2032.

The tortilla market is the global market for tortillas, which are thin, round flatbreads made from corn or wheat flour. Tortillas have been an integral part of many cuisines, especially in North America, Latin America, and parts of Asia. The COVID-19 pandemic had a significant impact on the tortilla market globally. The outbreak led to disruptions in the supply chains, affecting the production and distribution of tortilla products. With restrictions on movement and temporary closures of restaurants and food establishments, there was a decline in the demand for tortilla-based dishes. The pandemic also influenced consumer behavior and preferences. With people staying at home and cooking more meals, there was an increased demand for convenience foods, including tortilla products. Many consumers turned to tortillas as a versatile and easy-to-use ingredient for homemade tacos, quesadillas, and wraps.

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Key Players

Some of the market key players are Tyson Foods Inc. (U.S.), Gruma SAB de CV (Mexico), Grupo Bimbo SAB de CV (Mexico), General Mills Inc. (U.S.), Azteca Foods Inc. (U.S.), Ole Mexican Foods Inc. (U.S.), Grupo Liven S.A. (Spain)

Market Segmentation

The Global Tortilla market has been segmented into Product Type, Source, Claim and Distribution Channels

Based on the Product Type: tostadas, taco shells, tortilla mix, corn tortilla, frozen tortilla, flour tortilla, tortilla chips and pre-cooked tortilla

Based on the Source: source into corn source and wheat source

Based on the Claim: gluten made tortilla and gluten-free tortilla

Based on the Distribution Channels: store-based distribution channels and non-store-based distribution channels

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Regional Analysis

The impact of COVID-19 on the tortilla market varied. North America, being one of the major consumers of tortilla products, experienced disruptions in the supply chain and fluctuations in demand. Latin America, where tortillas are a staple food, faced similar challenges. In Asia, the impact varied depending on the level of reliance on imported tortilla products. As the world gradually recovers from the pandemic, the tortilla market is expected to rebound. The market players are adapting to the new normal by implementing safety measures, expanding their online presence, and diversifying their product offerings to cater to changing consumer preferences. Additionally, technological advancements and innovations in tortilla production processes are anticipated to drive market growth in the post-COVID era.

Discover more research Reports on Food, Beverages & Nutrition Industry, by Market Research Future:

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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