SAN FRANCISCO, Oct. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Tortillas – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 19; Released: April 2021
Executive Pool: 2384
Companies: 100 – Players covered include Bimbo Bakeries USA; Gruma SAB de CV; Liven S.A.; Mexican Food Specialties, Inc.; Mission Foods; Ole Mexican Foods, Inc.; Signature Flatbreads Ltd.; Tyson Mexican Original, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Tortilla Mix, Pre-Cooked Tortilla, Frozen Tortilla, and Tortilla Chips); Source (Corn, and Wheat); Claim (Gluten-Free, and Low-Carb)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Tortillas Market to Reach $47.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Tortillas estimated at US$38.2 Billion in the year 2020, is projected to reach a revised size of US$47.4 Billion by 2026, growing at a CAGR of 3.6% over the analysis period. Tortilla Mix, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$12.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pre-Cooked Tortilla segment is readjusted to a revised 3.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.6 Billion in 2021, While China is Forecast to Reach $9.8 Billion by 2026
The Tortillas market in the U.S. is estimated at US$10.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.8 Billion by the year 2026 trailing a CAGR of 6.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Frozen Tortilla Segment to Reach US$8.5 Billion by the year 2026
In the global Frozen Tortilla segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.2 Billion in the year 2020 will reach a projected size of US$6.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
https://finance.yahoo.com/news/analysis-global-industry-analysts-reveals-152000127.html
