Global Packaged Tacos Market Size, Share, and COVID-19 Impact Analysis, By Type (Non-Veg Filling and Veg Filling), By Packaging (Single-Serve, Multi-Serve, and Frozen), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: Food & BeveragesGlobal Packaged Tacos Market Insights Forecasts to 2033
- The Global Packaged Tacos Market Size was Estimated at USD 5.54 Billion in 2023
- The Market Size is Expected to Grow at a CAGR of around 6.45% from 2023 to 2033
- The Worldwide Packaged Tacos Market Size is Expected to Reach USD 10.35 Billion by 2033
- Asia Pacific is Expected to Grow the fastest during the forecast period.
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The Global Packaged Tacos Market Size was worth around USD 5.54 Billion in 2023 and is predicted to Grow to around USD 10.35 Billion by 2033 with a compound annual growth rate (CAGR) of 6.45% between 2023 and 2033. The packaged tacos market is being driven by the convenience and time-saving options, increasing popularity of Mexican cuisine, rising demand for customization and personalization, health-conscious consumer trends, and innovations in packaging and ingredients and Asia Pacific is an emerging key growth region.
Market Overview
The packaged tacos market industry sector encompasses the production, distribution, and sales of pre-prepared or ready-to-assemble taco kits and accompanying items packaged for the convenience of the consumers. Such packaged tacos include taco shells, tortillas, seasoned meat or meat alternatives, sauces, toppings (like cheese, lettuce, or salsa), and consumer-ready kits for making tacos quickly at home without the need for purchasing and preparing individual components. Moreover, the rising popularity of taco nights and the growing number of households wanting easy-to-cook meals at reasonable prices are increasing market demand. Along with diversification, some brands started to offer organic taco kits and gluten-free and plant-based fillings. As many more varieties became available, the inclusiveness of tacos expanded concerning dietary preferences. Furthermore, the increasing accessibility of packaged tacos through various distribution channels has created an avenue for a wider audience. This increased accessibility, combined with effective marketing efforts and the popularity of exotic tastes, is likely to continue fueling the growth of the global packaged tacos market.
Report Coverage
This research report categorizes the packaged tacos market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the packaged tacos market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the packaged tacos market.
Packaged Tacos Market Report Coverage
Report Coverage | Details |
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Base Year: | 2023 |
Market Size in 2023 : | USD 5.54 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.45% |
2033 Value Projection: | USD 10.35 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 214 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Packaging, By Distribution Channel |
Companies covered:: | Ajinomoto Co. Inc., B and G Foods Inc., General Mills Inc., McCain Foods Ltd., McCormick and Co. Inc., The Hain Celestial Group Inc., Tyson Foods Inc., YUM Brands Inc., and Others. |
Pitfalls & Challenges: | Covid-19 Empact, Challenges, Growth, Analysis. |
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Driving Factors
Rise in consumers' preference towards convenience and convenience in foods, packaged tacos offer a quick, easy meal option for time-starved individuals and households to cook a meal quicker than traditional cooking. Healthy, organic, and whole-food options increased, and this created the need for manufacturers to make available packaged taco kits that have organic or plant-based offerings, low-fat versions, and gluten-free alternatives to meet such health-oriented customers. With more people willing to experiment with international cuisine, packaged tacos and other ethnic food packages are being offered more readily. Due to this cross-cultural exposure, Mexican cuisine, including tacos, is now a standard item in many nations, increasing demand for convenient, packaged forms.
Restraining Factors
Homemade, fresh tacos are sometimes regarded as a healthier, more flexible alternative to packaged kits. Consumers who love cooking may be inclined to purchase separate ingredients to make tacos from scratch, which may curtail the demand for packaged kits.
Market Segmentation
The packaged tacos market share is classified into type, packaging, and distribution channel.
- The non-veg filling segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the packaged tacos market is divided into non-veg filling and veg filling. Among these, the non-veg filling segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to tacos with meat fillings such as beef, chicken, and pork, which are considered the very classic and popular choice. Meat fillings indeed seem to be more flavorful and satisfying than their vegetarian counterparts to many consumers. The savory taste and texture of meat, beef, chicken, or pork are attractive across the board to taco lovers. So, the preference for meat-based fillings automatically increases the demand for packaged taco kits with non-veg fillings.
- The multi-serve segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the packaging, the packaged tacos market is divided into single-serve, multi-serve, and frozen. Among these, the multi-serve segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to multi-serve taco kits being preferred by families or groups since they contain sufficient ingredients for several servings. This is more appealing to consumers who must prepare food for several people, hence increasing demand for larger package sizes. Multi-serve kits are less expensive per serving than single-serve kits. When purchasing multi-serve meal kits, many consumers usually think of value since they often prepare meals for more than one person.
- The offline segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the distribution channel, the packaged tacos market is divided into offline and online. Among these, the offline segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by many consumers trusting the quality of food products they can see and inspect in person. Familiarity with brands and products in physical stores, along with established relationships with locally owned retailers, makes offline shopping a favored choice for many consumers. Moreover, retail stores provide discounts and special offers that attract customers to buy packaged tacos, so offline shopping is more appealing to price-conscious customers.
Regional Segment Analysis of the Packaged Tacos Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the packaged tacos market over the predicted timeframe.
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North America is anticipated to hold the largest share of the packaged tacos market over the predicted timeframe. Tacos are an integral part of North American cuisine, especially in the United States and Mexico. The U.S. has long included Mexican foods, especially tacos, in its diet, and this very demand for the packaged taco kit originates from convenience combined with familiarity. Food consumption in North America emphasizes convenience and ready-to-eat products. Packaged taco kits afford an easy solution to the lifestyles of busy people and families needing to prepare a tasty meal in no time. Having all the ingredients in a box comes as an attraction to a consumer who has little time left but still wishes for a delicious meal.
Asia Pacific is expected to grow at a rapid CAGR in the packaged tacos market during the forecast period. Increased demand for food from other cultures, particularly from Latin America and North America, is driving the growth of the taco market. Tacos are popular as they are a flexible meal option that appeals to young consumers seeking to experience new foods. The capacity for tacos to be personalized using a range of fillings, from chicken, beef, and vegetarian to local proteins, is pleasing to the divergent Asian palate. This versatility presents tacos as an appealing choice in areas of mixed dietary choices.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the packaged tacos market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Ajinomoto Co. Inc.
- B and G Foods Inc.
- General Mills Inc.
- McCain Foods Ltd.
- McCormick and Co. Inc.
- The Hain Celestial Group Inc.
- Tyson Foods Inc.
- YUM Brands Inc.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In February 2025, Taco Bell launched its hottest menu yet with the new Caliente Chicken Menu, which is now available in stores across the country. The menu includes items such as the Caliente Cantina Chicken Crispy Taco and Soft Taco, Burrito, Quesadilla, and Bowl, all of which include a spicy Caliente Sauce made from red jalapenos.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the packaged tacos market based on the below-mentioned segments:
Global Packaged Tacos Market, By Type
- Non-Veg Filling
- Veg Filling
Global Packaged Tacos Market, By Packaging
- Single-Serve
- Multi-Serve
- Frozen
Global Packaged Tacos Market, By Distribution Channel
- Offline
- Online
Global Packaged Tacos Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
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1. What is the CAGR of the packaged tacos market over the forecast period?The global packaged tacos market is projected to expand at a CAGR of 6.45% during the forecast period.
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2. What is the market size of the packaged tacos market?The global packaged tacos market size is expected to grow from USD 5.54 Billion in 2023 to USD 10.35 Billion by 2033, at a CAGR of 6.45% during the forecast period 2023-2033.
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3. Which region holds the largest share of the packaged tacos market?North America is anticipated to hold the largest share of the packaged tacos market over the predicted timeframe.
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