Hispanic Foods Market size is set to grow by USD 518.91 million from 2021 to 2026|Changing lifestyles and rise in demand for healthy, convenient food to boost the market - Technavio

NEW YORK, July 4, 2023 /PRNewswire/ -- The hispanic foods market size is estimated to grow by USD 518.91 million from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 6.4%. The growth momentum will progress during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 55%. The increasing popularity of Hispanic cuisine among millennial consumers, who prefer cooking at home, is driving growth in the region. Several market players are coming up with burrito kits that can be prepared at home in very little time to attract home-cooking customers. People are seeking convenient and easy-to-prepare meals due to their hectic lifestyles. Furthermore, rapid urbanization, the well-organized food industry, and high vendor penetration is also driving the growth of the market in the region. Request a sample report

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Hispanic Foods Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on Type (tortillas, tacos, burritos, enchiladas, and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The Hispanic foods market share growth in the tortillas segment will be significant during the forecast period.  The growing per capita consumption in developed North American and European countries is the primary growth driver for the tortillas market. Flavored tortilla sales have grown due to changing taste preferences. Global manufacturers have produced new items in response to regional differences in taste preferences. To offer ideal tortilla characteristics, functional ingredients, and additives such as enzymes are added to the tortilla mix. Customers like ready-to-eat foods, such as pre-cooked tortillas since they save time and effort while providing consistent flavor. Download a Sample Report

Hispanic Foods Market – Market Dynamics
Key Drivers

• The changing lifestyles and rise in demand for healthy, convenient food are the key factors driving the market growth.
• rapid urbanization and the high participation of women in the workforce have increased the demand for convenience and easy-to-prepare food products.
• Furthermore, the major factors driving the growth are evolving lifestyles, changing food preferences, rapid urbanization, and rising nuclear families.
• The rising consumer purchasing power in European countries and South America is also driving growth.
• The increasing consumer awareness about the various health benefits of hispanic foods.
• Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

• The rising demand for gluten-free tortillas is a significant trend in the market.
• There are several types of grains in the market in which gluten is present.
• Consumers are increasingly looking for gluten-free tortillas because of the various health benefits.
• The consumption of gluten causes inflammation of the gut in almost 80% of consumers and leads to hypothyroidism and type 1 diabetes.
• Furthermore, the demand for gluten-free products is increasing due to which manufacturers are including these products in their portfolios.
• Hence, the rising demand for gluten-free tortillas is expected to drive market growth during the forecast period.

Significant Challenges

• The stringent regulations in different countries around the world are hampering the market growth.
• To assess the quality of manufacturers' products and processes the IFS Food Standard is implemented.
• This stringent regulation is formulated to help end-users in maximizing transparency, reduce costs, and optimize resources.
• Complying with these food and safety regulations is a serious challenge for vendors.
• The vendors need to be aware of the regulations in different countries if he is selling their product outside the local country.
• Hence, these factors are expected to restrict the market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Hispanic Foods Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the hispanic foods market between 2022 and 2026
• Precise estimation of the size of the hispanic foods market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the hispanic foods market across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of hispanic foods market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Tortillas - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Tortillas - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Tortillas - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Tortillas - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Tortillas - Year-over-year growth 2021-2026 (%)

• 5.4 Tacos - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Tacos - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Tacos - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Tacos - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Tacos - Year-over-year growth 2021-2026 (%)

• 5.5 Burritos - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Burritos - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Burritos - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Burritos - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Burritos - Year-over-year growth 2021-2026 (%)

• 5.6 Enchiladas - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Enchiladas - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Enchiladas - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Enchiladas - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Enchiladas - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Type 
• Exhibit 48: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026 
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Mexico - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Mexico - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Mexico - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026 
• Exhibit 90: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 B and G Foods Inc.
• Exhibit 101: B and G Foods Inc. - Overview
• Exhibit 102: B and G Foods Inc. - Product / Service
• Exhibit 103: B and G Foods Inc. - Key offerings

• 10.4 Campbell Soup Co.
• Exhibit 104: Campbell Soup Co. - Overview
• Exhibit 105: Campbell Soup Co. - Business segments
• Exhibit 106: Campbell Soup Co. - Key offerings
• Exhibit 107: Campbell Soup Co. - Segment focus

• 10.5 Corporativo Bimbo SA de CV 
• Exhibit 108: Corporativo Bimbo SA de CV - Overview
• Exhibit 109: Corporativo Bimbo SA de CV - Business segments
• Exhibit 110: Corporativo Bimbo SA de CV - Key news
• Exhibit 111: Corporativo Bimbo SA de CV - Key offerings
• Exhibit 112: Corporativo Bimbo SA de CV - Segment focus

• 10.6 El Patron
• Exhibit 113: El Patron - Overview
• Exhibit 114: El Patron - Product / Service
• Exhibit 115: El Patron - Key offerings

• 10.7 Food Concepts International 
• Exhibit 116: Food Concepts International - Overview
• Exhibit 117: Food Concepts International - Product / Service
• Exhibit 118: Food Concepts International - Key offerings

• 10.8 Hormel Foods Corp.
• Exhibit 119: Hormel Foods Corp. - Overview
• Exhibit 120: Hormel Foods Corp. - Business segments
• Exhibit 121: Hormel Foods Corp. - Key news
• Exhibit 122: Hormel Foods Corp. - Key offerings
• Exhibit 123: Hormel Foods Corp. - Segment focus

• 10.9 MTY Food Group Inc
• Exhibit 124: MTY Food Group Inc - Overview
• Exhibit 125: MTY Food Group Inc - Business segments
• Exhibit 126: MTY Food Group Inc - Key offerings
• Exhibit 127: MTY Food Group Inc - Segment focus

• 10.10 Pappas Restaurants Inc. 
• Exhibit 128: Pappas Restaurants Inc. - Overview
• Exhibit 129: Pappas Restaurants Inc. - Product / Service
• Exhibit 130: Pappas Restaurants Inc. - Key offerings

• 10.11 Siete Family Foods
• Exhibit 131: Siete Family Foods - Overview
• Exhibit 132: Siete Family Foods - Product / Service
• Exhibit 133: Siete Family Foods - Key offerings

• 10.12 YUM Brands Inc.
• Exhibit 134: YUM Brands Inc. - Overview
• Exhibit 135: YUM Brands Inc. - Business segments
• Exhibit 136: YUM Brands Inc. - Key news
• Exhibit 137: YUM Brands Inc. - Key offerings
• Exhibit 138: YUM Brands Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 139: Inclusions checklist
• Exhibit 140: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 141: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 142: Research methodology
• Exhibit 143: Validation techniques employed for market sizing
• Exhibit 144: Information sources

• 11.5 List of abbreviations
• Exhibit 145: List of abbreviations

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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 comprises enterprises of all sizes, including over 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.

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