The market share of tortilla mix is experiencing significant growth, with a projected valuation of USD 23.18 billion by 2033, up from USD 12.23 billion in 2023. This growth is driven by factors such as the increasing popularity of tortillas as a healthier alternative to bread, rising health consciousness among consumers, and the convenience offered by on-the-go foods. Additionally, the demand for gluten-free tortillas is on the rise, further fueling market expansion.
Tortillas are gaining popularity worldwide due to their nutritional benefits and versatility in various cuisines. They are increasingly replacing bread, especially among health-conscious consumers, driving the demand for tortilla mix. With rapid urbanization and increasing female employment, the demand for convenience foods is rising, contributing to market growth. Moreover, the awareness of the adverse health effects of gluten has led to a surge in demand for gluten-free tortillas.
Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-16448
It is predicted that gluten-free tortillas will increase in popularity in the future since gluten causes gut inflammation in almost 80% of cases. Due to the health implications of gluten consumption, including hypothyroidism and type 1 diabetes, consumers are increasingly seeking gluten-free tortillas.
Several factors contribute to the rapid growth of the tortilla mix market, including improving demand in key economies like China and India, where consumption patterns are on the rise. Additionally, the adoption of organic or gluten-free tortilla products is increasing globally, driven by their perceived health benefits. As more food manufacturers add gluten-free options to their portfolios, the market is poised for further growth.
“Tortillas are thought to be a healthier alternative to bread, which is frequently made with refined flour. This can be problematic for the gut, so white sandwich bread is significantly replaced by tortillas worldwide.” says a lead analyst at Future Market Insights.
Key Takeaways from Market Study
- The market is expected to register a CAGR of 6.6% during the forecast period.
- According to estimates, the tortilla mix market in North America may remain strong throughout the forecast period.
- In 2033, the East Asia market is expected to register a CAGR of over 10.6% and reach US$ 6.22 billion. China is likely to hold 53% of the market share.
Competitive Landscape:
Several prominent companies dominate this market, including Aranda`s Tortilla Company, Inc., Arevalo Tortilleria, Inc., Azteca Foods, Inc., Catallia Mexican Foods, General Mills, Inc., Gruma SAB de CV, Grupo Bimbo SAB de CV, Grupo Liven, S.A., Ole Mexican Foods, Inc. and Tyson Foods, Inc.
A number of industrial companies use Tortilla Mix starch to thicken and stabilize Tortilla Mix in developed regions. As a result of these strategies, Tortilla Mix has developed significantly in the industry through partnerships, acquisitions, and research and development. These strategies have resulted in major developments.
Ask for Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-16448
Recent Developments:
- In December 2021, Pepsi Co. entered the flat-cut and wafer-style potato chip market in India by launching Lay Wafer Style. The company introduced three flavors, including Salt & Pepper, Tangy Treat, and Sundried Chili, at a variety of price points across retail stores and e-commerce platforms.
- The Ortega brand now offers cauliflower-infused taco shells and flour tortillas, as well as three street taco-inspired sauces as part of the 2020 line up from B&G Foods, Inc.
- Old El Paso, a brand of General Mills, offers gourmet taco shell products widely available in the United States through e-commerce portals, allowing them to reach a broader audience. Taco shells can be purchased online through e-commerce portals, which allows them to reach a broader audience. The pandemic-related slag has been sustained by these mechanisms.
Tortilla Mix Market Segmentation by Category
By Product Type:
- Tostadas
- Taco Shells
- Corn Tortilla Mix
- Flour Tortilla Mix
- Tortilla Mix Chips
By Source:
- Corn
- Wheat
By Processing Type:
- Fresh
- Frozen
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa (MEA)
- East Asia
Purchase now and gain full access to the Tortilla Mix Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.