Low-Fat Tortillas: Market Outlook
Low-fat Tortillas are thin, circular flatbreads that can be prepared using various flours such as wheat or corn flour which are a great source of fibre helping in gastrointestinal functions.
The low-fat tortillas also contain vitamin B Complex, calcium, Folic acid, magnesium which helps fight type 2 diabetes and carbohydrate providing various nutrients prominent for healthy growth.
In general, the diet for low-fat tortillas offers less than 30 per cent of total fat calories, while the diet for very low-fat tortillas provides less than 10-15 per cent. Low-fat tortillas diets may also prevent heartburn, cut weight and improve cholesterol.
Growing awareness regarding the health benefits of the product, and increasing health issues like overweight, obesity, cholesterol, heart diseases others, is projected to increase Low-Fat Tortillas market during the forecast period.
Increasing health awareness and demand for healthier food items are also critical perspectives foreseen to expand market growth of Low-Fat Tortillas in the coming years
The increasing health-conscious population demanding various Low-Fat Tortillas with various healthy ingredients like spinach, flax seeds, whole wheat, chia seeds as a replacement for conventional tortillas may also boost the market growth.
Various types of low-fat tortillas are quite prevalent in North America and European countries mainly in the US, Canada and Italy Besides, continuous research and development in the existing product line to manufacture better and healthier low-fat tortillas products which are natural and organics is expected to boost the market.
Emerging countries in MEA and Asia-Pacific increasing acceptance to the ready to eat food products can boost the low-fat tortillas market exponentially.
An unprecedented increase in the number of hotels, restaurants and cafés selling quality low-fat tortillas as the base for various dishes and fast foods, and Rising numbers of foodservice outlets offering various low-fat tortillas dishes thereby are impressing and attracting the audiences at these chains, and hence, are major drivers propelling the growth of the market.
Mergers and acquisitions help in Diversification of the products, services and long-term prospects of the company. For instance, Ajinomoto Foods entered into an agreement with Tyson Foods in 2018 for $ 48 million to buy their Circle Foods operations. Circle Foods, which was acquired by Tyson Foods in 2013, is a manufacturer of refrigerated and frozen Mexican food products such as low-fat tortillas and burritos.
La tortillas Factory, Inc. leading manufacturer of low-calorie tortillas on January 2021 announced that to help its future growth plan, Flagship Food Group, LLC (Flagship) has agreed to invest in the company.
The flagship will become the company's controlling stakeholder while the Tamayo family members of the third generation continue to remain trusted partners.
Rising health awareness due to pandemic shifted consumer demand for Low-Fat Tortillas
Health and psychological benefits offered by Low-Fat Tortillas like restoring high blood pressure and overall health, and increasing demand for processed and instant food especially during the Covid-19 lockdown because people had to switch to working from home and developed the habit of munching while working increasing demand on the market for functional products which eventually is increasing the demand for low-fat tortillas.
A nutritious alternative for fluffy bread, low-fat tortillas serve as the basis for a wide range of ingredients, including legumes, vegetables and sources of protein such as beef. Its demand is thus growing worldwide.
Due to the pandemic, as individuals, specifically, children remain constrained to homes, bored, anxious, and predicting what is to come next, healthy and ready-to-eat food products become everyone’s instant companions, offering a sense of contentment as well as satisfaction.
As being indoor for longer periods need more patience there is nothing like wrap or tacos, which are made up of Low-Fat Tortillas that helps to relieve us from cravings. Hence, increasing demand for Low-Fat Tortillas market.
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Factors helping the Low-fat tortillas market to grow
Factors such as high consumer buying power rapid urbanization, and growing women's participation in the workforce drive demand for convenience and easy preparation of food items.
The market for tortilla and tortilla goods such as tostadas tortilla chips, corn tortillas, taco shells, and flour tortillas, has been propelled by this factor.
Besides, tortillas are known as a nutritious alternative to sweets and are often used to manufacture different items such as wraps in the foodservice industry.
Besides, the good output of the retail sector and the promotion of goods is playing a vital role in growing tortilla sales in the area through supermarkets, hypermarkets and convenience stores.
Organic product in the mainframe
Organic is a key trend that has been observed in the current food and beverages industry. The emergence of the organic movement has propelled the demand for organic Low-fat tortillas, including consumer awareness of the benefits of consuming organic Low-fat tortillas. Thus, increased demand for organic Low-fat tortillas is anticipated to gain greater traction in the forecast period.
Besides, today's consumers are more attentive to the labelling of food products and the consequences of the use of pesticides and preservatives are well-known among consumers that have created better prospects for growth in the market for Low-fat tortillas.
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HoReCa helping low-fat tortillas Market to grow
In recent years, there has been a rise in demand for industries like bakeries, chocolatiers, dessert and chocolatiers shops. In countries in the Middle East, where tourism is booming, the number of hotels, restaurants, and cafés selling premium low-calorie chocolate and confectionery items has increased unprecedentedly.
Consumers are turning more aware of their food consumption patterns, which forces producers in the worldwide market for low-fat tortillas to come up with low-fat tortillas that are vegan to capture the market's health-conscious customer base.
In the global market for low-fat tortillas, targeting vegetarian or vegan customers has been another common trend, resulting in the production of low-fat tortillas that are easier to digest and healthier.
Ethical and environmental friendly products in demand
Consumer choices nowadays, reflect health and cost-effective preferences, along with social and moral values. Over the last few decades, environmental awareness has increased significantly since some environmental problems have been associated with individual consumption.
Increasing attention towards certain norms such as energy consumption, animal husbandry, and organic manufacturing has led to the introduction of products which are ethical and environmentally friendly by manufacturers. Low-fat tortillas being one of them has high chances to prevail in the market exponentially
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Low-Fat Tortillas Market: Key Players
Some of the key players operating in the global Low-Fat Tortillas market include
- Grupo Bimbo SAB de CV
- General Mills
- Aranda's Tortilla Company Inc.
- Ole Mexican Foods Inc
- Easy Foods Inc.
- Gruma SAB de CV
- S.A.B. de C.V
- PepsiCo Inc.
- La Tortilla Factory
- Catallia Mexican Foods
- Liven S.A.
- Tyson Foods Inc.
- Azteca Foods Inc.
Low-Fat Tortillas Market: Regional Analysis
North America accounted for the significant share in the global market followed by Europe. The regional market is driven by high demand in countries such as Australia, New Zealand Canada, USA, France, the United Kingdom, Germany, Denmark and Switzerland. Besides, the strong presence of key companies in the region would have a positive impact on low-fat tortillas market growth.
The Low-Fat Tortillas market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the Low-Fat Tortillas market, including but not limited to Regional markets, product type, form, and end-use and distribution channel.
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The study is a source of reliable data on:
- Low-Fat Tortillas market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- The Middle East and Africa (GCC, Southern Africa, and North Africa)
The Low-Fat Tortillas market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro-and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Low-Fat Tortillas market report projects the attractiveness of each major segment over the forecast period.
Highlights of the Low-Fat Tortillas market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the Low-Fat Tortillas market
- Recommendations to companies for strengthening their foothold in the Low-Fat Tortillas market
Low-Fat Tortillas: Market Segmentation
Based on the source, the global Low-Fat Tortillas market can be segmented as:
Based on special diet needs, the global Low-Fat Tortillas market can be segmented as:
On the basis product types, the global Low-Fat Tortillas market can be segmented as:
- Frozen low-fat tortillas
- Precooked low-fat tortillas
Based on the distribution channel, the global Low-Fat Tortillas market can be segmented as:
- Convenience Store
- Specialty Store
- Online Retail Stores
NOTE - Although care has been taken to maintain the highest levels of accuracy in Fact.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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