According to Future Market Insights (FMI), the global frozen tortilla market is slated to grow at a CAGR of 5.07%, surpassing a valuation of US$ 12.9 Bn by 2032. Tortillas are a staple food and are consumed as a staple food across the globe.
It can be paired with different beans, vegetables, cheese dips to prepare a quick healthy snacks. This, in turn, is expected to push the demand for frozen tortillas over the forecast period (2022-2032).
Tortillas are generally frozen to increase their shelf life and preference to keep tortillas securely packed in boxes to avoid freezer burn. It is beneficial to stack tortillas in an airtight container or resalable plastic bag, wrap them tightly in aluminum foil.
Consumer willingness to try multiple cuisines for enhanced food flavor and texture is expected to create conducive environment for the frozen tortilla market across the globe. Hence, manufactures are developing gluten free, keto friendly variants of tortillas in order to fulfill the rising demand to maintain good health.
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Key Takeaways from Market Study
- North America frozen tortilla market is expected to increase at a CAGR of 4.6% and reach a valuation of US$ 2.9 Bn by the end of 2032.
- Asia Pacific is expected to account for 17% of frozen tortilla demand share during the assessment period.
- Europe frozen tortillas market is expected to reach US$ at 2.8 Bn, with sales expected to surge at a robust pace in the upcoming decade
- By source, wheat tortillas are expected to hold the highest market share and is expected to increase at a CAGR of 5.5% between 2022 and 2032.
“Key manufacturers are focusing on developing frozen tortilla formulation technology to generate revenue. They are also producing multi-functional frozen tortilla varieties to expand their product portfolio and gain competitive edge.” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers of frozen tortillas are emphasizing on research & development to offer differentiated products. Key players are working collectively to develop new product portfolios to enter untouched market places.
- Harbar LLC, Canton, Mass, a brand under Maria and Ricardo’s, launched a trio of grain-free veggie tortillas preceding year in 3 different assortments like cauliflower, zucchini and sweet potato
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global frozen tortillas market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Frozen Tortilla Market By Category
By Source:
- Wheat
- Corn
- Other
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
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Frequently Asked Questions
- How much is the global frozen tortilla market worth?
- What is the demand outlook forecast for the frozen tortilla market globally?
- What was the last 5-year CAGR for the demand in the frozen tortilla market?
- At what rate will the frozen tortilla demand grow in Europe?
- How will demand for frozen tortilla fare in North America?
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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