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Tortilla Market 2023 Global Key Players, Industry Analysis, Potential Growth, Latest Trends
Tortilla Global Market
Tortilla Market Size, Growth Rate, And Forecast
The global tortilla market size is expected to grow from $47.40 billion in 2022 to $50.42 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tortilla market size is expected to reach $63.85 billion in 2027 at a CAGR of 6.1%.
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Tortilla Market Drivers
The increase in the number of people suffering from nutritional deficiencies is expected to propel the growth of the tortilla market going forward. Nutritional deficiency refers to the lack of necessary vitamins and minerals in the diet, which can lead to malnutrition and anemia diseases. Tortilla helps prevent nutritional deficiency because they are moderately high in calories and are a good source of protein, vitamins, iron, fiber, and other vitamins. They boost the body's growth and energy with high-potential nutrition.
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Tortilla Market Segments
1) By Product Type: Tortilla Chips, Taco Shells, Tostadas, Flour Tortillas, Corn Tortillas, Other Products
2) By Nature: Organic, Conventional
3) By Processing Type: Fresh, Frozen
4) By Source: Wheat, Corn
5) By Distribution Channels: Hypermarkets, Supermarkets, Convenience Stores, Online, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Tortilla market.
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Tortilla Market Key Players
Major competitors in the Tortilla market include GRUMA S.A.B. de C.V, PepsiCo Inc., Easy Food Inc., La Tortilla Factory Inc., Liven S.A., Ole Mexican Foods Inc., Catallia Mexican Foods LLC.
The Table Of Content For The Tortilla Market Include:
1. Executive Summary
2. Tortilla Market Characteristics
3. Tortilla Market Trends And Strategies
4. Tortilla Market - Macro Economic Scenario
5. Tortilla Market Size And Growth
……
27. Tortilla Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tortilla Market
29. Tortilla Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Tortilla Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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