The global frozen tortilla market was worth US$ 7.8 Billion in the year 2022 and is expected to reach 12.9 Billion by the year 2032 at a CAGR of 5.07% between 2022 and 2032.
Realization of the fact that tortilla is abreast with minerals, proteins, vitamins, and likewise, the global frozen tortilla market is likely to grow unabated in the forecast period. The other benefits include low preparation time and unique taste provided. The manufacturers are also looking for increasing production of multi-grain and low-fat tortillas. Moreover, as tortillas fall in the category of ‘convenience food’, those on the go would always look for tortilla. Thus, frozen tortilla market is expected to be on an unstoppable spree in the forecast period. Hybrid varieties like broccoli seeds, flax, chia are also being yielded.
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Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Frozen Tortilla Market’. It has its team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.
“With growing emphasis on health, the global frozen tortilla market is bound to grow on a grand note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Frozen Tortilla Market
- North America holds the largest market share with the US being subject to rising demand for brands offering tortillas free of gluten and vegan. This could be credited to growing awareness regarding Mexican food along with process of making several dishes using tortillas.
- Europe holds the second-largest market share with the UK witnessing availability of multi-grain tortillas, tomato, spinach, and wheat by easy means. The consumers have been showing inclination toward intake of healthy eatables of late.
- The Asia-Pacific is expected to witness growth at a rapid pace in the frozen tortilla market on the back of Indian consumer base showing greater interest in consumption of tortilla and the trend is expected to be the same even going forward.
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Competitive Frozen Tortilla
- Kemin, of late, has come up with ‘Flour Tortilla Doctor’ that does walk the manufacturers of tortilla through sections and usage where they could be experiencing glitches. It then analyses the probable pitfalls and does recommend remedies like Kemin batch premixes and packs for helping in building better tortilla product and deliver to market quicker.
- The other players in frozen tortilla market include Azteca Foods Inc., Gruma SAB de CV, Grupo Bimbo SAB de CV, Grupo Liven, S.A., Tyson Foods, Inc., Ole Mexican Foods Inc., General Mills, Inc., and others. They are engaging in various modes of expansion to strengthen their foothold in the frozen tortilla market. They include new product launch, mergers, acquisitions, partnerships, joint ventures, and likewise.
What does the Report state?
- The research study is based on source (wheat, corn, and other), sales channel (offline sales channels (hypermarkets/supermarkets, departmental stores, convenience stores, and other sales channels), and online sales channels (company website and e-Commerce platform)).
- With an ever-increasing preference for healthy snacking, the global frozen tortilla market is bound to grow graciously in the forecast period.
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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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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