Knowledge Sourcing Intelligence announces the publication of a new report on “Tortilla Market - Forecasts from 2020 to 2025” to their offering.
The rise in food consumption trends that encompass – consumption of products that are derived from plants and are fortified with nutrients as well as the increasing trend of substituting meals with healthy snacking options among others are expected to lead to robust market growth.
As per the report, the global market pertaining to tortilla market is expectedto reach US$53.648 billion by 2025, from US$38.731 billion in 2019.
A few instances of market developments related to the global tortilla market which are being mentioned below are an attestation of the extent to which market players are investing to respond to the growing demand for better nutrition, enhanced transparency, and a healthy snack offering that are increasingly appealing to vegans as well, thereby facilitating an anticipated growth of the market.
January 2019 – Product Innovation
CAULIPOWER which claims to reinvent today’s favorite comfort food by rendering it nutritious that is devoid of any synthetic ingredient, rich in vitamins, naturally gluten-free, and contain relatively low amounts of calories, fat, sodium and sugar have reportedly launched a new line of frozen, ready-to-make cauliflower tortilla in Grain Free variant that reportedly features chickpea flour with 7 grams of protein and only 8 net carbs per tortilla and in an Original variant.
December 2019 – Product Launch
HIPPEAS® which is known for its USDA Certified Organic, Non-GMO and vegan products had reportedly launched a range of tortilla chips that reportedly have 3grams of protein and 3grams of fiber per 1oz serving. The offerings constitute three variants which are namely Jalapeño Vegan Cheddar; ROCKIN' RANCH™ and STRAIGHT UP SEA SALT™.
September 2020 – Partnership
Tia Lupita Foods has reportedly partnered with Renewal Mill to launch a new line of upcycled tortillas which was reported to in turn facilitate the launch expansion of the latter’s grain-free cactus tortilla line. The tortillas are reportedly made of Renewal Mill’s organic okara flour (a blend of is a blend of avocado oil, cactus nopales, cassava flour, chia seeds, lime juice, and tapioca fiber), a high-fiber flour that is devoid of gluten which is harvested for the pulp leftover from soy milk processing. Each upcycled tortilla reportedly comprises 45 calories, 6 grams of net carbs, and 2 grams of fiber per serving. The product is gluten-free, Non-GMO Project verified, and is devoid of gluten.
September 2020 – Product Launch
Mikey’s LLC an organization which is known to deliver appetizing products made with clean ingredients, rich in nutrition, devoid of common allergens, and are reportedly free from dairy, gluten, grain, soy as well as paleo-friendly has reportedly unveiled vegetable-based superfood tortillas which have been reportedly crafted with ingredients if high-quality Viz turmeric, spirulina and hemp protein which effectively redefines the classic flour-based tortilla. The product during the launch was made available in 3 variants which were Mikey's Golden Turmeric Gluten and Grain-Free Tortillas which are made with hemp protein and turmeric; Mikey's Super Greens Gluten and Grain-Free Tortillas that are reportedly made with broccoli, spinach, and spirulina; and Mikey's Sweets & Beets Gluten and Grain-Free Tortillas which are made with beets and purples sweet potato.
Further another development which concerns tortilla manufacturers and has the potential to impact the quality of the tortilla in the process is the introduction of Tortilla Suave CL by Corbion (AMS: CRBN) in May 2019 which is reportedly a clean label tortilla conditioner combines freshness and antistick technologies to impart the performance and quality and effectuate the increment of rollability and softness. Further, it can be combined with the organization’s Pristine® Tortilla Base that will lead to a complete tortilla base. Therefore, such market developments covered within the ambit of Food Additives Market which according to Knowledge Sourcing Intelligence has been forecasted to grow at a CAGR of 6.34% from the market value of US$34.807 billion in 2019 to reach a market size of US$50.326 billion by 2025 also is anticipated to positively influence the tortilla market growth.
As a part of the report, the major players operating in the global tortilla market, which have been covered are Arevalo Foods Inc., Azteca Foods, Inc, Catallia Mexican Foods, Eagle Foods Australia, Easy Food Inc., Fiesta Tortilla Factory Inc., Franco Whole Foods, GRUMA, La Tortilla Factory, Mi Rancho, Olé Mexican Foods Inc., PepsiCo, Tortilla King Inc. and Tyson Foods, Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/tortilla-market
This report segmented the global tortilla market on the basis following terms