According to Future Market Insights, the global tortilla machine market size is anticipated to reach US$ 8,500.0 Million in 2023. Furthermore, with rising consumption of tortillas across the world, the overall demand for tortilla machines is poised to grow at 8.8% CAGR between 2023 and 2033, totalling a market valuation of US$ 19,756.4 Million by 2032.
Over the years, rising popularity of tortillas across nations like the U.S., the U.K, China, India, and Mexico has prompted manufacturers to employ novel technologies like tortilla machines in their facilities. This has increased the demand for tortilla machines in the market and the trend is likely to continue during the forecast period.
Similarly, growing knowledge of tortillas’ health advantages is expected to expand the global tortilla machine market size during the next ten years. Tortillas are a fantastic source of fibre, but unlike other foods that also include fibre, such as bread or cereals, this fibre doesn’t contain any additional chemicals that encourage weight gain.
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Foods that are contributing to the rising obesity rates in the world can be effectively replaced by tortillas. Along with being delicious and low in fat, tortillas are a good source of folic acid. This vitamin helps to build the fetus and is also necessary for pregnant women since it supports healthy skin, hair, and nails.
Because of the wide range of advantages listed above, tortilla machines are becoming increasingly popular among industry players. This is further encouraging the production of new tortilla varieties in a variety of flavours.
Numerous businesses are investing in developing new products and offering a wide variety of tortillas, and this is actively boosting market income all around the world. For instance, in September 2022, a new snack company, Kazoo Snacks introduced recycled tortilla chips.
Key Takeaways from the Tortilla Machine Market Study:
- Based on equipment, tortilla baking oven segment is likely to retain its dominant position in the global tortilla machine market during the forecast period.
- By automation, demand is expected to remain high for fully-automatic tortilla machines during the projected period.
- North America holds around 38% share in the global tortilla machine market.
- The U.S. tortilla machine market is projected to grow at a healthy pace during the next ten years.
- Demand for tortilla machines is expected to rise at a robust CAGR across Mexico between 2023 and 2033.
- Mexican Tortilla Machine, UTF Group, BE&SCO Manufacturing, Coperion & Coperion K-Tron, Heisler Industries, Inc. are the top players driving the tortilla machine market.
“Introduction of new and advanced automatic tortilla machines has completely transformed the tortilla industry and is likely to boost the overall tortilla machine market during the projected period”, says a lead FMI analyst.
Who is winning?
Top players dictating the course of tortilla machine market development include Mexican Tortilla Machine, UTF Group, BE&SCO Manufacturing, Coperion & Coperion K-Tron, and Heisler Industries, Inc.
These players are increasingly focusing on adopting various strategies such as new product launches with additional features, partnerships, mergers, acquisitions, and collaborations to increase their sales and solidify their position in this space.
Get Valuable Insights into Tortilla Machine Market
FMI, in its new offering, provides an unbiased analysis of the Tortilla Machine market presenting historical demand data (2017-2023) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Tortilla Machines based on Equipment (Tortilla Baking Oven, Tortilla Cooling Machine, Tortilla Grouping Machine) By Automation Grade (Manual, Semi-Automatic, Fully-Automatic) By End Users (Food processing Industries, Restaurants, households, Caterers) across five major regions.
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Tortilla Machine Market by Category
- Tortilla Baking Oven
- Tortilla Cooling Machine
- Tortilla Grouping Machine
By End User:
- Food processing Industries
- North America
- Latin America
- Asia Pacific
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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