According to Future Market Insights, the global tortilla machine market will be worth $8,500.0 million by 2023. Furthermore, with rising tortilla consumption worldwide, the overall demand for tortilla machines is expected to grow at an 8.8% CAGR between 2023 and 2033, with a market valuation of US$ 19,756.4 Million by 2032.
The rising popularity of tortillas in countries such as the United States, the United Kingdom, China, India, and Mexico has prompted manufacturers to incorporate novel technologies such as tortilla machines into their operations. This has increased market demand for tortilla machines, which is expected to continue during the forecast period.
Similarly, growing awareness of the health benefits of tortillas is expected to drive growth in the global tortilla machine market over the next ten years. Tortillas are a great source of fibre, but unlike other fiber-rich foods like bread or cereal, this fibre contains no additional chemicals that promote 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
By Equipment:
- Tortilla Baking Oven
- Tortilla Cooling Machine
- Tortilla Grouping Machine
By Automation:
- Manual
- Semi-Automatic
- Fully-Automatic
By End User:
- Food processing Industries
- Restaurants
- Household
- Caterers
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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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