South & Central America Tortilla Market Forecast to 2031 - Regional Analysis - by Source, Product Type, Category, and Distribution Channel

Description

List of Tables

The South & Central America tortilla market was valued at US$ 1,879.15 million in 2023 and is expected to reach US$ 2,596.33 million by 2031; it is estimated to register a CAGR of 4.1% from 2023 to 2031.

Surging Clean-Label and Organic Trend Fuels South & Central America Tortilla Market

Consumers across the world pay attention to product labels and ingredients used in processed products such as tortillas, as they are highly concerned about their diet. Organic products are gaining significant popularity owing to their perceived health benefits. They are manufactured using ingredients harvested without genetically modified organisms (GMOs), chemical fertilizers, and pesticides, which increase their appeal among consumers, who are ready to pay higher prices. Moreover, consumers increasingly prefer products free of synthetic flavors, colors, and other food additives. Also, they focus on conscious and holistic consumption and prefer product items made with ethically sourced ingredients.

Consumers' interest in identifying the ingredients on the product packaging has triggered their inclinations toward clean-label products. They are becoming aware of the adverse health impacts associated with consuming various artificial food ingredients, such as colorants, flavors, texturizers, and emulsifiers. An understandable and clear label with thorough ingredient information attracts consumers. Using clean-label ingredients also assists manufacturers in their marketing and branding strategies.

Thus, the rising demand for natural, organic, and clean-label products is expected to introduce new trends into the tortilla market during the forecast period.

South & Central America Tortilla Market Overview

Tortilla, a dietary food item, is a significant part of the culinary tradition of South & Central America. The increased disposable income is driving consumers to look for tortillas that offer high-quality and distinctive features, including organic options, whole grain varieties, and multigrain options. Economic factors also fuel the demand for convenience and ready-to-eat food products. With an increasing disposable income, consumers are willing to pay a premium amount for products that save time and offer convenience without compromising quality. Consumers in the region are highly interested in experimenting with new recipes and incorporating international flavors into their diets, driving the demand for tortillas. Several top tortilla brands and manufacturers are taking advantage of new recipes and incorporating global flavors into their offerings by providing a wide range of high-quality products. The leading retailers and food producers are broadening their product ranges and investing in marketing strategies that highlight the quality and attributes of their tortilla selections. The availability of a diverse range of tortillas in supermarkets and specialty food stores has made it more convenient for consumers to access these premium products.

South & Central America Tortilla Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Tortilla Market Segmentation

The South & Central America tortilla market is categorized into source, product type, category, distribution channel, and country.

Based on source, the South & Central America tortilla market is segmented into wheat, corn, others. The corn segment held the largest market share in 2023.

By product type, the South & Central America tortilla market is segmented into tortilla chips/tostada chips taco shells, tortilla wraps, and others. The tortilla chips/tostada chips segment held the largest market share in 2023. The tortilla chips/tostada chips segment is further sub segmented into corn chips and other chips.

Based on category, the South & Central America tortilla market is bifurcated into organic and conventional. The conventional segment held a larger market share in 2023.

Based on distribution channel, the South & Central America tortilla market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest market share in 2023.

By country, the South & Central America tortilla market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America tortilla market share in 2023.

GRUMA SAB de CV, PepsiCo Inc, Aranda's Tortilla Co Inc, and General Mills Inc are some of the leading companies operating in the South & Central America tortilla market.

Product Code: BMIRE00031490

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South & Central America Tortilla Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Materials Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors
- 4.3.4 Distribution Channel
4.4 List of Tortilla and Tortilla Products Manufacturers

5. South & Central America Tortilla Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Popularity of Mexican Cuisines
- 5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
- 5.2.1 Health Consciousness and Dietary Preferences
5.3 Market Opportunities
- 5.3.1 Increasing Preference for Gluten-Free Products
5.4 Future Trends
- 5.4.1 Surging Clean-Label and Organic Trend
5.5 Impact of Drivers and Restraints:

6. Tortilla Market - South & Central America Analysis

6.1 South & Central America Tortilla Market Revenue (US$ Million), 2021-2031
6.2 South & Central America Tortilla Market Forecast Analysis

7. South & Central America Tortilla Market Analysis - by Source

7.1 Wheat
- 7.1.1 Overview
- 7.1.2 Wheat: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Corn
- 7.2.1 Overview
- 7.2.2 Corn: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Others
- 7.3.1 Overview
- 7.3.2 Others: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Tortilla Market Analysis - by Product Type

8.1 Tortilla Chips/Tostada Chips
- 8.1.1 Overview
- 8.1.2 Tortilla Chips/Tostada Chips: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.3 Corn Chips
  - 8.1.3.1 Overview
  - 8.1.3.2 Corn Chips: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
- 8.1.4 Other Chips
  - 8.1.4.1 Overview
  - 8.1.4.2 Other Chips: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Taco Shells
- 8.2.1 Overview
- 8.2.2 Taco Shells: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Tortilla Wraps
- 8.3.1 Overview
- 8.3.2 Tortilla Wraps: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Tortilla Market Analysis - by Category

9.1 Organic
- 9.1.1 Overview
- 9.1.2 Organic: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Conventional
- 9.2.1 Overview
- 9.2.2 Conventional: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America Tortilla Market Analysis - by Distribution Channel

10.1 Supermarkets and Hypermarkets
- 10.1.1 Overview
- 10.1.2 Supermarkets and Hypermarkets: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
10.2 Convenience Stores
- 10.2.1 Overview
- 10.2.2 Convenience Stores: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
10.3 Online Retail
- 10.3.1 Overview
- 10.3.2 Online Retail: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
10.4 Others
- 10.4.1 Overview
- 10.4.2 Others: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)

11. South & Central America Tortilla Market - Country Analysis

11.1 South & Central America
- 11.1.1 South & Central America Tortilla Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 South & Central America Tortilla Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 Brazil: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.1.2.1 Brazil: South & Central America Tortilla Market Breakdown, by Source
    - 11.1.1.2.2 Brazil: South & Central America Tortilla Market Breakdown, by Product Type
    - 11.1.1.2.3 Brazil: South & Central America Tortilla Market Breakdown, by Category
    - 11.1.1.2.4 Brazil: South & Central America Tortilla Market Breakdown, by Distribution Channel
  - 11.1.1.3 Argentina: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.1.3.1 Argentina: South & Central America Tortilla Market Breakdown, by Source
    - 11.1.1.3.2 Argentina: South & Central America Tortilla Market Breakdown, by Product Type
    - 11.1.1.3.3 Argentina: South & Central America Tortilla Market Breakdown, by Category
    - 11.1.1.3.4 Argentina: South & Central America Tortilla Market Breakdown, by Distribution Channel
  - 11.1.1.4 Rest of South and Central America: South & Central America Tortilla Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.1.4.1 Rest of South and Central America: South & Central America Tortilla Market Breakdown, by Source
    - 11.1.1.4.2 Rest of South and Central America: South & Central America Tortilla Market Breakdown, by Product Type
    - 11.1.1.4.3 Rest of South and Central America: South & Central America Tortilla Market Breakdown, by Category
    - 11.1.1.4.4 Rest of South and Central America: South & Central America Tortilla Market Breakdown, by Distribution Channel

12. Competitive Landscape

12.1 Heat Map Analysis
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Merger and Acquisition
13.3 New Product Launch
13.4 Other Strategies and Developments

14. Company Profiles

14.1 GRUMA SAB de CV
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 PepsiCo Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Aranda's Tortilla Co Inc
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 General Mills Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments

15. Appendix

15.1 About The Insight Partners