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
- Foodservice Sector: The foodservice end-user sector held the largest burritos market revenue in 2020. The segment will continue to account for the largest share throughout the forecast period. The increasing number of foodservice outlets offering burritos is expected to help the market grow during the forecast period. Major foodservice chains like Chipotle Mexican Grill and Taco Bell, which offer Mexican foods, are planning to open new stores and expand their presence globally, which will help the market grow during the forecast period.
- Retail Sector
- Geography
- North America: 49% of the market's growth will originate from North America during the forecast period. US and Mexico are the key markets for burritos market in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA. Improved living standards and the rise in the number of middle-class families will facilitate the burritos market growth in North America over the forecast period.
- Europe
- APAC
- South America
- MEA
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
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Packaged Foods and Meats
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five Forces Summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by End-user
- 5.2 Comparison by End-user
- 5.3 Foodservice sector - Market size and forecast 2020-2025
- Exhibit 17: Foodservice sector - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Foodservice sector - Year-over-year growth 2020-2025 (%)
- 5.4 Retail sector - Market size and forecast 2020-2025
- Exhibit 19: Retail sector - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Retail sector - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by End-user
- Exhibit 21: Market opportunity by End-user
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers – Demand-led growth
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Amys Kitchen Inc.
- Exhibit 43: Amys Kitchen Inc. - Overview
- Exhibit 44: Amys Kitchen Inc. - Product and service
- Exhibit 45: Amys Kitchen Inc. - Key offerings
- 10.4 Chick fil A Inc.
- Exhibit 46: Chick fil A Inc. - Overview
- Exhibit 47: Chick fil A Inc. - Product and service
- Exhibit 48: Chick fil A Inc. - Key offerings
- 10.5 Chipotle Mexican Grill Inc.
- Exhibit 49: Chipotle Mexican Grill Inc. - Overview
- Exhibit 50: Chipotle Mexican Grill Inc. - Business segments
- Exhibit 51: Chipotle Mexican Grill Inc. – Key news
- Exhibit 52: Chipotle Mexican Grill Inc. - Key offerings
- 10.7 Del Taco Restaurants Inc.
- Exhibit 58: Del Taco Restaurants Inc. - Overview
- Exhibit 59: Del Taco Restaurants Inc. - Business segments
- Exhibit 60: Del Taco Restaurants Inc. – Key news
- Exhibit 61: Del Taco Restaurants Inc. - Key offerings
- 10.8 Hormel Foods Corp.
- Exhibit 62: Hormel Foods Corp. - Overview
- Exhibit 63: Hormel Foods Corp. - Business segments
- Exhibit 64: Hormel Foods Corp. – Key news
- Exhibit 65: Hormel Foods Corp. - Key offerings
- Exhibit 66: Hormel Foods Corp. - Segment focus
- 10.9 Nestle SA
- Exhibit 67: Nestle SA - Overview
- Exhibit 68: Nestle SA - Business segments
- Exhibit 69: Nestle SA – Key news
- Exhibit 70: Nestle SA - Key offerings
- Exhibit 71: Nestle SA - Segment focus
- 10.10 Ruiz Food Products Inc.
- Exhibit 72: Ruiz Food Products Inc. - Overview
- Exhibit 73: Ruiz Food Products Inc. - Product and service
- Exhibit 74: Ruiz Food Products Inc. - Key offerings
- 10.11 Tavistock Freebirds LLC
- Exhibit 75: Tavistock Freebirds LLC - Overview
- Exhibit 76: Tavistock Freebirds LLC - Product and service
- Exhibit 77: Tavistock Freebirds LLC - Key offerings
- 10.12 YUM! Brands Inc.
- Exhibit 78: YUM! Brands Inc. - Overview
- Exhibit 79: YUM! Brands Inc. - Business segments
- Exhibit 80: YUM! Brands Inc. – Key news
- Exhibit 81: YUM! Brands Inc. - Key offerings
- Exhibit 82: YUM! Brands Inc. - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 83: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 84: Research Methodology
- Exhibit 85: Validation techniques employed for market sizing
- Exhibit 86: Information sources
- 11.4 List of abbreviations
- Exhibit 87: 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: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article