Tortilla Production in the US - Industry Market Research Report

Tortilla Production in the US - Industry Market Research Report

  • April 2018 •
  • 35 pages •
  • Report ID: 167886
Quality taste: Increasing health-consciousness will boost industry demand

Abstract

Tortilla Production in the US
Over the five years to 2018, the Tortilla Production industry has wrapped itself around the US palate. Tortillas have become a staple of the US diet, driven by the rapidly growing Hispanic population in the United States. Additionally, the rising number of health-conscious consumers has spurred demand for tortillas, due to many tortillas containing fiber and flaxseed. The price of corn and the world price of wheat have also been substantial drivers of the industry over the past five years, as these commodities are used as inputs in tortillas. Over the five years to 2023, industry revenue is forecast to grow. The burgeoning Hispanic population will continue to spur demand for tortillas and increased health-consciousness will continue to encourage operators to invest in research and development to produce tortillas with greater health benefits.

Operators in this industry manufacture tortillas. They purchase various ingredients (such as flour, corn, corn starch, salt and seasoning) from other food manufacturers and then sell the tortillas to downstream buyers in both flexible and paperboard container packaging. The final product is sold to grocery wholesalers and retailers, caterers and other food service contractors, which then distribute them to consumers. Tortilla chips are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Country=UnitedStates Date=201804 Topic=Demand Publisher=Ibisworld Price=1000