Burritos Market Size to Grow by USD 1.44 billion due to Growing Popularity Of Latin American Cuisines | Technavio

·11 min read

NEW YORK, Aug. 16, 2022 /PRNewswire/ -- The latest market analysis report titled Burritos Market by End-user and Geography - Forecast and Analysis 2021-2025 has been added to Technavio's catalog. The report identifies the market to witness an accelerating growth momentum at a CAGR of 3.54%. Technavio categorizes the global burritos market as a part of the global packaged foods and meats market. Our report provides extensive information on the value chain analysis for the burritos market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Attractive Opportunities in Burritos Market by End-user and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Burritos Market by End-user and Geography - Forecast and Analysis 2021-2025

For additional insights on scope and parent market analysis, Read a FREE sample

Burritos Market Dynamics

The growing popularity of Latin American cuisines coupled with changing lifestyles and a rise in demand for healthy convenient food will drive growth.

The growing popularity of Latin American cuisines is notably driving the global burritos market growth. The popularity of Mexican food across the US is increasing, and the Hispanic population base is growing in the country, which creates new opportunities for the global burritos market. In addition, The demand for convenient food products has led to an increased demand for ready-to-eat (RTE) products, including packaged burritos, which can be cooked and consumed easily. The need for leisure time has increased the demand for convenient food products among consumers.

Fluctuations in raw material prices will limit growth.

A major challenge for almost all types of food service outlets is the fluctuation in the prices of food commodities and raw materials. According to the Food and Agriculture Organization (FAO) Food Price Index, which tracks international prices of the most-traded food commodities, averaged 100.9 points in October 2020, up 3.1% from September and 6.0% above its value in October 2019. Such fluctuations in prices often create problems in production; thereby, causing demand and supply gaps in the market.

Access additional market dynamics and their impact analysis in this PDF Sample
Report

Burritos Market Segment Insights

  • End-user

  • Geography

Get Segment-based Insights and Regional Contributions as you Request for FREE
Sample

Burritos Market Vendor Landscape

  • The burritos market is fragmented and the vendors are deploying growth strategies such as expanding their geographical presence and entering into long-term partnership contracts with the end-user to compete in the market.

  • To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

  • The burritos market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

  • We provide a detailed analysis of around 25 vendors operating in the burritos market. Backed with competitive intelligence and benchmarking, our research report is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

  • Amys Kitchen Inc., Chick fil A Inc., Chipotle Mexican Grill Inc., Conagra Brands Inc., Del Taco Restaurants Inc., Hormel Foods Corp., Nestle SA, Ruiz Food Products Inc., Tavistock Freebirds LLC, and YUM! Brands Inc. are some of the major market participants. Vendors such as Amys Kitchen Inc. offer bean and rice burritos which are gluten-free and nondairy products.

Burritos Market 2021-2025 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our burritos market report covers the following areas:

Burritos Market Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist burritos market growth during the next five years

  • Estimation of the burritos market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the burritos market

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of burritos market vendors

Related Reports:


Extruded Snacks Market by Product and Geography - Forecast and Analysis 2021-2025

Cheese Based Snacks Market by End-user and Geography - Forecast and Analysis 2022-
2026

Seaweed Snacks Market  by Distribution Channel and Geography - Forecast and Analysis
2022-2026

Burritos Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.54%

Market growth 2021-2025

$ 1.44 billion

Market structure

Fragmented

YoY growth (%)

1.79

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 49%

Key consumer countries

US, Mexico, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amys Kitchen Inc., Chick fil A Inc., Chipotle Mexican Grill Inc., Conagra Brands Inc., Del Taco Restaurants Inc., Hormel Foods Corp., Nestle SA, Ruiz Food Products Inc., Tavistock Freebirds LLC, and YUM! Brands Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem

  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2020

  • 3.4 Market outlook: Forecast for 2020 - 2025

4 Five Forces Analysis

  • 4.1 Five Forces Summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by End-user

  • 5.1 Market segments

  • 5.2 Comparison by End-user

  • 5.3 Foodservice sector - Market size and forecast 2020-2025

  • 5.4 Retail sector - Market size and forecast 2020-2025

  • 5.5 Market opportunity by End-user

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 North America - Market size and forecast 2020-2025

  • 7.4 Europe - Market size and forecast 2020-2025

  • 7.5 APAC - Market size and forecast 2020-2025

  • 7.6 South America - Market size and forecast 2020-2025

  • 7.7 MEA - Market size and forecast 2020-2025

  • 7.8 Key leading countries

  • 7.9 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers – Demand-led growth

  • 8.2 Market challenges

  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 Amys Kitchen Inc.

  • 10.4 Chick fil A Inc.

  • 10.5 Chipotle Mexican Grill Inc.

  • 10.6 Conagra Brands Inc.

  • 10.7 Del Taco Restaurants Inc.

  • 10.8 Hormel Foods Corp.

  • 10.9 Nestle SA

  • 10.10 Ruiz Food Products Inc.

  • 10.11 Tavistock Freebirds LLC

  • 10.12 YUM! Brands Inc.

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Currency conversion rates for US$

  • 11.3 Research methodology

  • 11.4 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
Cision
Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/burritos-market-size-to-grow-by-usd-1-44-billion-due-to-growing-popularity-of-latin-american-cuisines--technavio-301604427.html

SOURCE Technavio