Global Protein Tortilla Market Size, Share, and COVID-19 Impact Analysis, By Product (Traditional Protein Tortillas, Low-carb/Zero-carb Protein Tortillas), By Source (Pea Protein Tortillas, Soy Protein Tortillas, Chickpea protein tortillas, Others), By Distribution Channel (B2B, B2C), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Food & Beverages

RELEASE DATE Aug 2024
REPORT ID SI5941
PAGES 210
REPORT FORMAT PathSoft

Global Protein Tortilla Market Insights Forecasts to 2033

  • The Global Protein Tortilla Market Size Was Valued at USD 1.85 Billion in 2023
  • The Market Size is Growing at a CAGR of 7.50% from 2023 to 2033
  • The Worldwide Protein Tortilla Market Size is Expected to Reach USD 3.81 Billion by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

 

Global Protein Tortilla Market

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The Global Protein Tortilla Market Size is Anticipated to Exceed USD 3.81 Billion by 2033, Growing at a CAGR of 7.50% from 2023 to 2033.

 

Market Overview

A protein tortilla is a type of tortilla that is specifically designed to have a higher protein content compared to traditional tortillas. Protein tortillas are often made by mixing protein-rich foods or supplements into the flour batter. Commonly, protein tortillas might include added protein sources like whey protein, soy protein, or pea protein, and they might also use alternative flours such as chickpea flour or almond flour which naturally have higher protein levels. Protein tortillas are popular among people who are looking to increase their protein intake, whether for muscle building, weight management, or other health-related reasons. Protein tortilla is used in a variety of dishes like regular tortillas, such as wraps, burritos, and quesadillas.

 

The market is being pushed by increased health consciousness and the growing popularity of high-protein diets among consumers looking to improve their nutritional intake and achieve fitness objectives. The growing popularity of niche diets like keto, paleo, and gluten-free feeds the desire for protein-rich tortilla options. Innovations in food technology and ingredient sourcing have enabled the development of numerous appealing protein tortilla products that provide various dietary needs, including plant-based alternatives such as soy and pea protein tortillas.

 

India's urbanization has led to a growing demand for quick and easy snacks, with tortillas becoming a popular choice due to their versatility and potential for gastronomic creativity. The popularity of tortilla wraps in fast food has increased due to their taste and convenience, aligning with urban lifestyles, and effective marketing strategies leveraging both online and offline channels.

 

Report Coverage

This research report categorizes the market for protein tortilla 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 protein tortilla market. Recent market developments and competitive strategies such as expansion, product 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 protein tortilla market.

Global Protein Tortilla Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 1.85 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :7.50%
2033 Value Projection:USD 3.81 Billion
Historical Data for:2019 - 2022
No. of Pages:210
Tables, Charts & Figures:115
Segments covered:By Product, By Source, By Distribution, By Region
Companies covered:: Turka, Mission Foods, Toufayan Bakeries, Life Pro Nutrition, BFree Foods, The J.M. Smucker Company, T.Marzetti, La Tortilla Factory, Ole Mexican Foods, Protiplan, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The protein tortilla market is growing due to increased health consciousness and the popularity of high-protein diets, propelled by the rising awareness of fitness and wellness. Consumers seeking convenient and nutritious food options are turning to protein tortillas, which offer a quick way to boost protein intake while being suitable for various diets like ketogenic and plant-based. Product innovation and a growing awareness of protein's benefits further boost the market growth worldwide.

 

Restraining Factors

The growth of the protein tortilla market is hindered by various factors including higher production costs and limited consumer awareness about the benefits of protein tortilla products. The taste and texture differences compared to traditional tortillas can constrain some consumers, while market saturation and competition among brands hinder market growth.

 

Market Segmentation

The protein tortilla market share is classified into product, source, and distribution channel.

 

  • The traditional protein tortillas segment is estimated to hold the highest market revenue share through the projected period.

Based on the product, the protein tortilla market is classified into traditional protein tortillas and low-carb/zero-carb protein tortillas. Among these, the traditional protein tortillas segment is estimated to hold the highest market revenue share through the projected period. The traditional protein tortillas segment dominance is driven by the wide range of applications of traditional protein tortillas, which are favored for their familiar taste and texture. Additionally, the greater availability and competitive pricing of traditional options, combined with their established presence and consumer trust, contribute to the higher revenue potential of the traditional protein tortillas segment.

 

  • The soy protein tortillas segment is anticipated to hold the largest market share through the forecast period.

Based on the source, the protein tortilla market is divided into pea protein tortillas, soy protein tortillas, chickpea protein tortillas, and others. Among these, the soy protein tortillas segment is anticipated to hold the largest market share through the forecast period.  The soy protein segment largest market share due to soy protein's established reputation for high-quality protein, versatility, and widespread use in various food products.

 

  • The B2C segment dominates the market with the largest market share through the forecast period.

Based on the distribution channel, the protein tortilla market is categorized into B2B and B2C. Among these, the B2C segment dominates the market with the largest market share through the forecast period. The B2C segment is primarily driven due to B2C channels that allow for direct consumer access and appeal, making protein tortillas readily available to individual buyers through retail outlets, online stores, and supermarkets. The direct engagement with consumers, combined with growing trends in health-conscious eating and convenience, contributes to the significant market leadership of the B2C segment.

 

Regional Segment Analysis of the Protein Tortilla 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 protein tortilla market over the predicted timeframe.

 

Global Protein Tortilla Market

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North America is anticipated to hold the largest share of the protein tortilla market over the predicted timeframe. The North American regions propelled by anticipated dominance can be attributed to several factors, including high consumer awareness and demand for health-oriented food products, a well-established retail infrastructure, and a growing trend toward protein-enriched diets. Additionally, the region's robust distribution networks and increasing preference for convenient, nutritious options contribute to North America's leading position in the market.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the protein tortilla market during the forecast period. The rapid growth can be attributed to several key factors increasing urbanization, a rising middle-class population with higher disposable incomes, and a growing awareness of health and nutrition. Additionally, expanding retail channels and the introduction of innovative protein tortilla products tailored to regional tastes are driving market expansion in the region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the protein tortilla market along with a comparative evaluation primarily based on their product 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 product 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

  • Turka
  • Mission Foods
  • Toufayan Bakeries
  • Life Pro Nutrition
  • BFree Foods
  • The J.M. Smucker Company
  • T.Marzetti 
  • La Tortilla Factory
  • Ole Mexican Foods
  • Protiplan
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

 

  • In June 2024, SimplyProtein, the B Corp certified creator of nutritious, great-tasting, plant-based protein snacks that are gluten-free, vegan, and kosher, announced the launch of its first-ever protein tortilla chips, the newest addition and a big innovation to its better-for-you snacking lineup.

 

  • In March 2024, SimplyProtein, the B Corp-certified creator of nutritious, delicious plant-based protein snacks that are gluten-free, certified vegan, and kosher, announced the launch of its first-ever Restaurant-style Tortilla Chips at Natural Products Expo West.

 

  • In January 2024, Garden Veggie Snacks, a pioneer in healthier snacking, launched Flavor Burst Nacho Cheese and Zesty Ranch Flavored Tortilla Chips. The intriguing new snack competes with others in the tortilla chip aisle by bringing tempting flavor and distinct crunch to each bite while staying true to the brand's objective of providing better-for-you snack options the whole family can enjoy.

 

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the protein tortilla market based on the below-mentioned segments: 

 

Global Protein Tortilla Market, By Product

  • Traditional Protein Tortillas
  • Low-carb/Zero-carb Protein Tortillas

 

Global Protein Tortilla Market, By Source

  • Pea Protein Tortillas
  • Soy Protein Tortillas
  • Chickpea protein tortillas
  • Others

 

Global Protein Tortilla Market, By Distribution Channel

  • B2B
  • B2C

 

Global Protein Tortilla 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)

  • 1.What is the CAGR of the protein tortilla market over the forecast period?
    The protein tortilla market is projected to expand at a CAGR of 7.50% during the forecast period.
  • 2.What is the market size of the protein tortilla market?
    The Global Protein Tortilla Market Size is Expected to Grow from USD 1.85 Billion in 2023 to USD 3.81 Billion by 2033, at a CAGR of 7.50% during the forecast period 2023-2033.
  • 3.Which region holds the largest share of the protein tortilla market?
    North America is anticipated to hold the largest share of the protein tortilla market over the predicted timeframe.

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