Tortilla Market Overview:
According to MRFR analysis, the global Tortilla market is expected to register a CAGR of ~5.45% from 2024 to 2032 and hold a value of over USD 57.7 Billion by 2032.
Canada Tortilla Market reflects a blend of cultural diversity, changing dietary habits, and the influence of global cuisine on Canadian consumers. Tortillas have become a staple in Canadian households, enjoyed in various forms ranging from traditional Mexican dishes to fusion cuisine creations. The versatility of tortillas in accommodating different dietary preferences, including gluten-free and vegetarian options, contributes to their widespread acceptance. Moreover, the growing demand for convenience foods and the rising popularity of Tex-Mex cuisine further drive market growth. With strategic partnerships between manufacturers, retailers, and foodservice providers, Canada's tortilla market continues to expand, positioning itself as a key player in the North American food industry.
There are several varieties of tortillas developed and produced across the world. These tortillas may be eaten both cooked and uncooked. These tortillas may be served in a variety of shapes and sizes, and they are available in three distinct packages, including tostadas, tortilla chips, and taco shells. The Global Tortilla Market is being driven by factors that have led to a rise in tortilla consumption among consumers. As for the low quantity of fat products used in the manufacturing of the tortilla, it is preferable to be used in a product's nutritious diet. A tortilla contains no nutritional fibers, which may cause health problems such as gastrointestinal disorders. They provide a decent substitute for the currently ingested fiber-based dietary products. However, because specific nutritional fibers are involved and produce a significant, long-lasting effect in the market, there has been a larger audience that did not support the use of tortillas.
The global pandemic crisis had a negative impact on people's usual working lives. Because of the expanding global pandemic, one must now cope with both financial and health difficulties. The lockdown and subsequent post-lockdown situations have put the economies into forced recession. During the lockout, the majority of the tortilla production facilities were shut down, resulting in a significant drop in income.
Key Players:
Some of the Tortilla Industry Companies are Tyson Foods Inc, Gruma SAB de CV, Grupo Bimbo SAB de CV, General Mills Inc, Azteca Foods Inc, Ole Mexican Foods Inc, Grupo Liven
Regional Analysis:
The North American area has the largest share in the tortilla industry since it is expected to account for a greater market value and so leads the worldwide market. The Latin American region holds the second-largest market share in this market, as it is predicted to develop at a high CAGR during the forecasted period.
Market Segmentations:
The global Tortilla Industry has been segmented into product type, source, claim, and distribution channels.
Based on Product Type, the market has been segmented into tostadas, taco shells, tortilla mix, corn tortillas, frozen tortillas, flour tortillas, tortilla chips, and pre-cooked tortillas.
Based on Source, the market has been segmented into a corn source and a wheat source.
Based on Claim, the market has been segmented into the gluten-made tortilla and gluten-free tortillas.
Based on distribution channels, the market has been segmented into non-store-based and store based.
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