LONDON--(BUSINESS WIRE)--The global commercial tortilla grills and presses market is expected to grow at a CAGR of close to 4% from 2017-2021, according to a new market research report by Technavio.
Global commercial tortilla grills and presses market segmentation by product type and geography
Technavio’s report on the global commercial tortilla grills and presses market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by product type that comprises of commercial tortilla grills and commercial tortilla presses. In 2016, the commercial tortilla press segment was the largest contributor to the market growth. It accounted for a share of around 78% of the overall market. Advanced features such as timer functions, independent heating systems for both plates, and the use of Teflon to ensure hygiene will drive the market demand for commercial tortilla presses during the forecast period.
Based on geography, the global commercial tortilla grills and presses market has been segmented into APAC, the Americas, and EMEA. In 2016, the Americas was the major market for commercial tortilla grills and presses and accounted for a share of approximately 46% of the overall market.
“Factors such as the growth in the Hispanic population, accompanied by the increase in the consumption of Mexican food and the introduction of new flavors in tortilla-based food items are expected to propel the market for commercial tortilla grills and presses in the Americas during the forecast period. Several fast-casual restaurants in the region introduced tortillas with different types of toppings, sauces, chilies, and roasted vegetables for both vegetarian and non-vegetarian consumers,” says Manu Gupta, a lead analyst at Technavio for food service research.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Commercial tortilla grills and presses market: competitive vendor landscape
The global commercial tortilla grills and presses market is highly competitive. Vendors compete based on factors such as product differentiation. They are introducing new and innovative features while maintaining the quality and durability of their appliances. Other focus areas of vendors for competing are brands, designs, compliance with various standards, the price of the equipment, and after-sales service of products. Vendors that export their products worldwide are mostly dependent on strong distribution networks or sales representatives, which are located locally in the country of production.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
- Increase in number of Mexican fast casual restaurants
- Growing popularity of Mexican food
- Frequent cleaning of appliances
- Increase in use of frozen and packaged tortillas
- Influx of products with value-added features
- Increase in offering of rotating commercial tortilla grills
Get a sample copy of the global commercial tortilla grills and presses market report free of cost
Access Technavio’s continuously growing food service research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 reports and counting, covering 800 technologies, spanning across 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.
If you are interested in more information, please contact our media team at email@example.com.