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Burritos Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 117
  • SKU: IRTNTR70108
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The burritos market share is expected to increase by USD 1.44 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.54%.

This burritos market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers burritos market segmentations by end-user (foodservice sector and retail sector) and geography (North America, Europe, APAC, South America, and MEA). The burritos market report also offers information on several market vendors, including Amys Kitchen Inc., Chick fil A Inc., Chipotle Mexican Grill Inc., Conagra Brands Inc., Del Taco Restaurants Inc., Hormel Foods Corp., Nestle SA, Ruiz Food Products Inc., Tavistock Freebirds LLC, and YUM! Brands Inc. among others.

What will the Burritos Market Size be During the Forecast Period?

Burritos Market Size

Download the Free Report Sample to Unlock the Burritos Market Size for the Forecast Period and Other Important Statistics

 

Burritos Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing popularity of latin american cuisine s is notably driving the burritos market growth, although factors such as fluctuations in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the burritos industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Burritos Market Driver

The growing popularity of latin american cuisines is notably driving the global burritos market growth. The popularity of Mexican food across the US is increasing, and the Hispanic population base is growing in the country, which creates new opportunities for the global burritos market. The number of consumers who prefer Mexican foods is growing rapidly in the US. Also, the growing demand for foods with fresh ingredients and exotic flavors is driving the growth of Mexican food items like burritos. 

Key Burritos Market Trend

Changing lifestyles and a rise in demand for healthy convenient food is the key market trend driving the global burritos market growth. The demand for convenient food products has led to an increased demand for ready-to-eat (RTE) products, including packaged burritos, which can be cooked and consumed easily. The need for leisure time has increased the demand for convenient food products among consumers. Other reasons for the increasing demand for convenience in terms of food preparation and consumption are the increasing number of single-person households and social gatherings or parties. The growing demand for healthy and fresh foods like burritos could also drive the market. 

Key Burritos Market Challenge

The major challenge impeding the global burritos market growth is the fluctuations in raw material prices. A major challenge for almost all types of food service outlets is the fluctuation in the prices of food commodities and raw materials. According to the Food and Agriculture Organization (FAO) Food Price Index, which tracks international prices of the most-traded food commodities, averaged 100.9 points in October 2020, up 3.1% from September and 6.0% above its value in October 2019. Such fluctuations in prices often create problems in production; thereby, causing demand and supply gaps in the market. 

This burritos market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global burritos market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the burritos market during the forecast period.

Who are the Major Burritos Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Amys Kitchen Inc.
  • Chick fil A Inc.
  • Chipotle Mexican Grill Inc.
  • Conagra Brands Inc.
  • Del Taco Restaurants Inc.
  • Hormel Foods Corp.
  • Nestle SA
  • Ruiz Food Products Inc.
  • Tavistock Freebirds LLC
  • YUM! Brands Inc.

 

This statistical study of the burritos market encompasses successful business strategies deployed by the key vendors. The burritos market is fragmented and the vendors are deploying growth strategies such as expanding their geographical presence and entering into long-term partnership contracts with the end-user to compete in the market.

Product Insights and News

  • Amys Kitchen Inc. - The company offers bean and rice burritos which is a gluten-free and nondairy products.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The burritos market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Burritos Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the burritos market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Burritos Market?

Burritos Market Market segmentation by region

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49% of the market's growth will originate from North America during the forecast period. US and Mexico are the key markets for burritos market in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

Improved living standards and the rise in the number of middle-class families will facilitate the burritos market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Burritos Market?

Burritos Market Segmentation

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The burritos market share growth by the foodservice sector segment will be significant during the forecast period. The increasing number of foodservice outlets offering burritos is expected to help the market grow during the forecast period. Major foodservice chains like Chipotle Mexican Grill and Taco Bell, which offer Mexican foods, are planning to open new stores and expand their presence globally, which will help the market grow during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the burritos market size and actionable market insights on post COVID-19 impact on each segment.

 

Burritos Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.54%

Market growth 2021-2025

$ 1.44 billion

Market structure

Fragmented

YoY growth (%)

1.79

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 49%

Key consumer countries

US, Mexico, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amys Kitchen Inc., Chick fil A Inc., Chipotle Mexican Grill Inc., Conagra Brands Inc., Del Taco Restaurants Inc., Hormel Foods Corp., Nestle SA, Ruiz Food Products Inc., Tavistock Freebirds LLC, and YUM! Brands Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Burritos Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive burritos market growth during the next five years
  • Precise estimation of the burritos market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the burritos industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of burritos market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Packaged Foods and Meats

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five Forces Summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • 5.2 Comparison by End-user
        • 5.3 Foodservice sector - Market size and forecast 2020-2025
          • Exhibit 17: Foodservice sector - Market size and forecast 2020-2025 ($ million)
          • Exhibit 18: Foodservice sector - Year-over-year growth 2020-2025 (%)
        • 5.4 Retail sector - Market size and forecast 2020-2025
          • Exhibit 19: Retail sector - Market size and forecast 2020-2025 ($ million)
          • Exhibit 20: Retail sector - Year-over-year growth 2020-2025 (%)
        • 5.5 Market opportunity by End-user
          • Exhibit 21: Market opportunity by End-user

        6 Customer landscape

        7 Geographic Landscape

        • 7.1 Geographic segmentation
          • Exhibit 23: Market share by geography 2020-2025 (%)
        • 7.2 Geographic comparison
          • Exhibit 24: Geographic comparison
        • 7.3 North America - Market size and forecast 2020-2025
          • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
          • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
        • 7.4 Europe - Market size and forecast 2020-2025
          • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
          • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
        • 7.5 APAC - Market size and forecast 2020-2025
          • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
          • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
        • 7.6 South America - Market size and forecast 2020-2025
          • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
          • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
        • 7.7 MEA - Market size and forecast 2020-2025
          • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
          • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
        • 7.8 Key leading countries
          • Exhibit 35: Key leading countries
        • 7.9 Market opportunity by geography
          • Exhibit 36: Market opportunity by geography ($ million)

        8 Drivers, Challenges, and Trends

        • 8.1 Market drivers – Demand-led growth
          • 8.2 Market challenges
            • Exhibit 37: Impact of drivers and challenges
          • 8.3 Market trends

            9 Vendor Landscape

            • 9.1 Overview
              • 9.2 Vendor landscape
                • Exhibit 38: Vendor landscape
              • 9.3 Landscape disruption
                • Exhibit 39: Landscape disruption
                • Exhibit 40: Industry risks

              10 Vendor Analysis

              • 10.1 Vendors covered
                • Exhibit 41: Vendors covered
              • 10.2 Market positioning of vendors
                • Exhibit 42: Market positioning of vendors
              • 10.3 Amys Kitchen Inc.
                • Exhibit 43: Amys Kitchen Inc. - Overview
                • Exhibit 44: Amys Kitchen Inc. - Product and service
                • Exhibit 45: Amys Kitchen Inc. - Key offerings
              • 10.4 Chick fil A Inc.
                • Exhibit 46: Chick fil A Inc. - Overview
                • Exhibit 47: Chick fil A Inc. - Product and service
                • Exhibit 48: Chick fil A Inc. - Key offerings
              • 10.5 Chipotle Mexican Grill Inc.
                • Exhibit 49: Chipotle Mexican Grill Inc. - Overview
                • Exhibit 50: Chipotle Mexican Grill Inc. - Business segments
                • Exhibit 51: Chipotle Mexican Grill Inc. – Key news
                • Exhibit 52: Chipotle Mexican Grill Inc. - Key offerings
              • 10.6 Conagra Brands Inc.
                • 10.7 Del Taco Restaurants Inc.
                  • Exhibit 58: Del Taco Restaurants Inc. - Overview
                  • Exhibit 59: Del Taco Restaurants Inc. - Business segments
                  • Exhibit 60: Del Taco Restaurants Inc. – Key news
                  • Exhibit 61: Del Taco Restaurants Inc. - Key offerings
                • 10.8 Hormel Foods Corp.
                  • Exhibit 62: Hormel Foods Corp. - Overview
                  • Exhibit 63: Hormel Foods Corp. - Business segments
                  • Exhibit 64: Hormel Foods Corp. – Key news
                  • Exhibit 65: Hormel Foods Corp. - Key offerings
                  • Exhibit 66: Hormel Foods Corp. - Segment focus
                • 10.9 Nestle SA
                  • Exhibit 67: Nestle SA - Overview
                  • Exhibit 68: Nestle SA - Business segments
                  • Exhibit 69: Nestle SA – Key news
                  • Exhibit 70: Nestle SA - Key offerings
                  • Exhibit 71: Nestle SA - Segment focus
                • 10.10 Ruiz Food Products Inc.
                  • Exhibit 72: Ruiz Food Products Inc. - Overview
                  • Exhibit 73: Ruiz Food Products Inc. - Product and service
                  • Exhibit 74: Ruiz Food Products Inc. - Key offerings
                • 10.11 Tavistock Freebirds LLC
                  • Exhibit 75: Tavistock Freebirds LLC - Overview
                  • Exhibit 76: Tavistock Freebirds LLC - Product and service
                  • Exhibit 77: Tavistock Freebirds LLC - Key offerings
                • 10.12 YUM! Brands Inc.
                  • Exhibit 78: YUM! Brands Inc. - Overview
                  • Exhibit 79: YUM! Brands Inc. - Business segments
                  • Exhibit 80: YUM! Brands Inc. – Key news
                  • Exhibit 81: YUM! Brands Inc. - Key offerings
                  • Exhibit 82: YUM! Brands Inc. - Segment focus

                11 Appendix

                • 11.1 Scope of the report
                  • 11.2 Currency conversion rates for US$
                    • Exhibit 83: Currency conversion rates for US$
                  • 11.3 Research methodology
                    • Exhibit 84: Research Methodology
                    • Exhibit 85: Validation techniques employed for market sizing
                    • Exhibit 86: Information sources
                  • 11.4 List of abbreviations
                    • Exhibit 87: List of abbreviations

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
                  Interested in this report?
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                  Burritos Market market growth will increase by $1441.85 million during 2021-2025.
                  The burritos market market is expected to grow at a CAGR of 3.54% during 2021-2025.
                  Technavio has segmented the burritos market market by end user (Foodservice sector and Retail sector) and geographic (North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA).
                  Amys Kitchen Inc., Chick fil A Inc., Chipotle Mexican Grill Inc., Conagra Brands Inc., Del Taco Restaurants Inc., Hormel Foods Corp., Nestle SA, Ruiz Food Products Inc., Tavistock Freebirds LLC, YUM! Brands Inc. are a few of the key vendors in the burritos market market.
                  North America will register the highest growth rate of 49.24% among the other regions. Therefore, the burritos market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the burritos market market growth are:
                  • Growing popularity of Latin American cuisine s
                  • Extensive marketing activities and campaigns
                  The burritos market market vendors should focus on grabbing business opportunities from the foodservice sector segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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                  • Five-force market analysis

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