NEW YORK, Feb. 7, 2022 /PRNewswire/ -- The packaged tamales market report by Technavio infers that the growing popularity of Latin American cuisines is driving this market's growth, resulting in market growth of USD 159.39 million from 2020 to 2025.
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The packaged tamales market covers the following areas:
Packaged Tamales Market Sizing
Packaged Tamales Market Forecast
Packaged Tamales Market Analysis
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
Bueno Foods, Del Real LLC, HEB LP, Hormel Foods Corp., Mi Casa Tamales, Ruiz Food Products Inc., Supreme Tamale Co., Tamale Addiction, Texas Lone Star Tamales, and XLNT Foods Corp., among others, are some of the few key vendors competing to maintain their market position in the market.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
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Regional Market Outlook
North America will contribute to 63% of the market growth during the forecast period. The growth of this region can be attributed to improvement in living standards and the rise in the number of middle-class families. Market growth in this region will be faster than the growth of the market in other regions. If we look at the country-wise market growth, Mexico and the US will contribute the highest market growth.
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Latest Trends and Drivers in the Packaged Tamales Market
The growing Hispanic population base will create new opportunities for the global tamales market. Moreover, factors such as the rise in demand for foods with fresh ingredients and exotic flavors will also increase the growth of Mexican food items such as tamales. These factors are expected to positively impact the market in focus during the forecast period.
Many restaurants opt for mobile app-based food ordering to enhance their customer base by directly delivering meals to consumers. This will propel packaged tamale sales during the forecast period, as most of the foodservice chains that offer packaged tamales take orders through mobile apps and online portals.
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Packaged Tamales Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.59% |
Market growth 2021-2025 |
USD 159.39 million |
Market structure |
Fragmented |
YoY growth (%) |
4.72 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 63% |
Key consumer countries |
Mexico, US, Spain, The Philippines, and Peru |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bueno Foods, Del Real LLC, HEB LP, Hormel Foods Corp., Mi Casa Tamales, Ruiz Food Products Inc., Supreme Tamale Co., Tamale Addiction, Texas Lone Star Tamales, and XLNT Foods Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, 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. |
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SOURCE Technavio
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