Top Segments of the Global Commercial Tortilla Grills and Presses Market | Technavio

Technavio has published a new market research report on the global commercial tortilla grills and presses market from 2017-2021. (Graphic: Business Wire)

LONDON--()--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.

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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.

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Other topics covered in the report:

Market drivers:

  • Increase in number of Mexican fast casual restaurants
  • Growing popularity of Mexican food

Market challenges:

  • Frequent cleaning of appliances
  • Increase in use of frozen and packaged tortillas

Market trends:

  • Influx of products with value-added features
  • Increase in offering of rotating commercial tortilla grills

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global commercial tortilla grills and presses market is set to grow at a CAGR of 4% from 2017-2021, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com