Global Tortilla Market 2020-2024 | Evolving Opportunities with Bunge Ltd. and Cargill Inc. | Technavio
LONDON--(BUSINESS WIRE)--Dec 3, 2019--
Technavio has been monitoring the global tortilla market and the market is poised to grow by USD 10.42 billion during 2020-2024 at a CAGR of over 6% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global tortilla market 2020-2024. (Graphic: Business Wire)
Read the 146-page research report with TOC on “Tortilla Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by Product (Tortilla chips, Pre-cooked tortilla, and Tortilla mix), and Segment Forecasts, 2020-2024”.
The market is driven by the growing demand for convenience foods. In addition, the rising demand for gluten-free tortillas is anticipated to further boost the growth of the tortilla market.
Factors such as high participation of women in the workforce and rapid urbanization are driving the demand for convenience and easy to prepare food products such as tortillas. In addition, they are healthy and provide the body the required amount of sodium essential for maintaining the water balance in the body. They help in the reduction of body fatigue and regulate metabolism as tortillas contain folate and pantothenic acid. Thus, the growing demand for convenience foods such as tortillas is expected to drive market growth during the forecast period.
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Major Five Tortilla Market Companies:
Arevalo Foods Inc.
Arevalo Foods Inc. is headquartered in the US and operates the business under various segments such as Traditional hand stretched flour tortillas, Die-cut flour tortillas, Heat pressed flour tortillas, Corn products, Gluten free wraps, Ready to cook, and Gluten-free pizzas and gluten-free pizza crusts. The company offers a wide range of tortillas such as heat pressed flour tortillas and traditional hand stretched flour tortillas.
Azteca Foods Inc.
Azteca Foods Inc. is headquartered in the US and offers products through the following business units: Tortillas, Salad shells, and Tortilla chips. The company offers homestyle tortillas, ultragrain tortillas, thin flour tortillas, and corn tortillas.
Bunge Ltd. is headquartered in the US and operates under various business segments, namely Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The company offers a high-performance wheat flour, Tortilla Max.
Cargill Inc. is headquartered in the US and offers products through the following business segments: Animal Nutrition & Protein, Food Ingredients & Applications, Origination & Processing, and Industrial & Financial Services. The company offers a range of tortillas under the brand names Catallia and Frescados.
Easy Food Inc.
Easy Food Inc. is headquartered in the US and offers products through the following business segments: Corn tortillas, Flour tortillas, Tortilla chips, and Wraps. The company offers a range of tortilla chips, flour tortillas, and corn tortillas.
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Tortilla Product Outlook (Revenue, USD Million, 2020-2024)
Tortilla Regional Outlook (Revenue, USD Million, 2020-2024)
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View source version on businesswire.com:https://www.businesswire.com/news/home/20191203005445/en/
CONTACT: Technavio Research
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KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RETAIL FITNESS & NUTRITION HEALTH FOOD/BEVERAGE
SOURCE: Technavio Research
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PUB: 12/03/2019 08:00 AM/DISC: 12/03/2019 08:01 AM