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Tortilla Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Tortilla Market
The Business Research Company's Tortilla Global Market Report 2023 identifies the increase in the number of people suffering from nutritional deficiencies as the major driver for the tortilla market's growth in the forecast period.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.
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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Major competitors in the tortilla market are 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., Aranda's Tortilla Company Inc., Arevalo Foods, Azteca Foods Inc., Tyson Foods Inc., Fiesta Tortillas, Eagle Foods Australia, Cargill Incorporated, and Grupo Bimbo S.A.B. de C.V.
A key trend in the tortilla market includes technological advancement. Major companies operating in the tortilla market are adopting new manufacturing technologies to sustain their position in the market. For instance, in July 2021, Kemin Industries Inc., a US-based specialty ingredient manufacturer and supplier, introduced an interactive digital tool for tortilla manufacturers called the Floor Tortilla Doctor. It is designed to address a variety of process and quality challenges, including operational effectiveness and shelf life extension, and offers a simple and efficient way to solve problems during the manufacturing process for tortilla manufacturers. The interactive tool guides manufacturers through their applications and any potential trouble spots. After identifying any potential issues, the floor Tortilla Doctor recommends solutions such as Kemin batch packs and premixes to improve tortilla goods and accelerate product distribution.
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https://www.thebusinessresearchcompany.com/report/tortilla-global-market-report
The tortilla market is segmented -
• By Product Type: Tortilla Chips, Taco Shells, Tostadas, Flour Tortillas, Corn Tortillas, Other Products
• By Nature: Organic, Conventional
• By Processing Type: Fresh, Frozen
• By Source: Wheat, Corn
• 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.
The Business Research Company's "Global Tortilla Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Tortilla Market
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
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