Report : Asia Pacific Tortilla Market to 2027- Regional Analysis and Forecasts by Nature (Organic, Conventional); Source (Wheat, Corn); Product type (Tortilla chips, Taco shells, Tostadas, Flour tortillas, Corn tortillas, others); Distribution Channel (Hypermarkets/Supermarkets, Convenience stores, Online, Food Service)
The high nutritive properties associated with tortilla is estimated to escalate the Asia Pacific tortilla market at a CAGR of 4.6%
Latest market study on “Asia Pacific Tortilla Market to 2027 – Analysis and Forecasts by Nature (Organic, Conventional); Source (Wheat, Corn); Product type (Tortilla chips, Taco shells, Tostadas, Flour tortillas, Corn tortillas, others); Distribution Channel (Hypermarkets/Supermarkets, Convenience stores, Online, Food Service), and Countries”. Tortilla is a thin and flat bread made up of wheat and corn. Different types of tortillas are available in the market including tortilla chips, taco shells, tostadas, and many more. High nutritive properties associated with tortilla is expected to fuel the market growth. The Asia Pacific tortilla market is accounted to US$ 1,995.2 Mn in 2018 and is expected to grow at a CAGR of 4.6% during the forecast period 2019 – 2027, to account to US$ 2,972.2 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
An uncooked corn tortilla prepared with nixtamalized corn at 46% hydration consists of 45% carbohydrates, 3% fat, and 6% protein. In a 100-gram amount, a raw corn tortilla supplies 218 calories and is a rich source of (20% or higher of the Daily Value (DV)) phosphorus (45% DV) and magnesium (20% DV). It is a moderate source of (10–19% DV) of vitamin B6, niacin, manganese, and zinc. Due to these nutritional properties, tortillas are quite popular among consumers. Corn tortillas are the base for many traditional Mexican dishes, such as tacos, tostadas, enchiladas, flautas, quesadillas, chilaquiles, and tortilla soup. Warmed corn tortillas are often served as an accompaniment to stews, soups, grilled meats, and other dishes. Corn tortillas are also deep-fried to make crispy tortilla chips. These chips are often salted and can be eaten alone or accompanied with various salsas and dips such as guacamole. In nachos, tortilla chips are a key ingredient. Food and beverage manufacturers focus on market trends and consumer requirements to develop innovative products and increase the sales of their entire product line. Therefore, in the past few years, several companies have launched innovative tortilla products that offer healthy options to consumers. Manufacturers offer different types of tortilla, such as tortilla chips, taco shells, tostadas, flour tortillas, and corn tortillas, for consumers.
The market for Asia Pacific tortilla is concentrated with some very well-established players. Some of the key players in the Asia Pacific tortilla market include Gruma, S.A.B. de C.V, PepsiCo Inc., Aranda’s Tortilla Company, Inc., and Conagra Brands Inc. amongst the others.