Global Packaged Tacos Market 2017-2021

This industry research report identifies AJINOMOTO, B&G Foods, General Mills, Hain Celestial, McCormick & Company, and Yum! Brands as the key vendors in the global packaged tacos market. This industry research report also presents a detailed analysis of the market by product filling (veg filling and non-veg filling) and by geography (the Americas, APAC, and EMEA).

Overview of the global packaged tacos market

Growing urbanization is consequent in changing lifestyle and food intake. Consumers, influenced by the rising and improving economic conditions, are demanding for healthy and tasty convenience food products. Technavio’s market study identifies the changing lifestyle and urbanization to be one of the primary growth factors for the packaged tacos market. Also, the increasing health awareness is providing traction to the demand for healthy and tasty food options. Dumpling offer several health-related benefits, that subsequently benefits the demand for healthy convenience food products in the packaged taco market. Our market analysts estimate that the market will earn a revenue of close to USD 1.8 billion by 2021.

Several countries are witnessing declining trend of dining outdoors in restaurants and food-service outlets. Reduced spending on food products in food outlets and the availability of varied convenient at-home cooking options have led to an increase in at-home food consumption. Additionally, factors such as busy lifestyles, rise in single households, unconventional working hours, and increase in the number of working women are influencing the consumption of less structured meals. Vendors are offering food products with local and ethnic taste to support at-home cooking. The rising trends of cooking at home is identified to be one of the key trends having a positive impact on the packaged tacos market.

Competitive landscape and key vendors

The packaged tacos market is significantly concentrated owing to the presence of several established international, regional, and local players. Launch of new products in the market and entry of new players will further intensify the competitiveness among the vendors. To attain competitive advantage in the packaged taco market, players are investing steadily in R&D activities and engaging in M&A. Further, the players will offer differentiated product portfolio to cater to the diverse taste and preference of the consumers.

The leading vendors in the market are

• AJINOMOTO
• B&G Foods
• General Mills
• Hain Celestial
• McCormick & Company
• Yum! Brands

Segmentation by product filling and analysis of the packaged tacos market

• Non-veg filling
• Veg filling

The increasing demand for non-veg food products among consumers contributes to the growth of the non-veg filling in the packaged tacos market. Non-veg products are gaining prominence as they are protein-rich foods and provide benefits to the health and wellness-conscious consumers. Vendors in the packaged taco market are offering differentiated and innovative products to fulfill the changing demands of the consumers.

Geographical segmentation and analysis of the packaged tacos market

• Americas
• APAC
• EMEA

The Americas will be the major revenue contributor to the packaged taco market due to the growing popularity of Mexican cuisine and increasing number of consumers cooking at home. Packaged tacos are economical, in terms of time of preparation and expenditure. They primarily cater to consumers that prefer economical and healthy food products.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global packaged tacos market?
• What are the key market trends impacting the growth of the global packaged tacos market?
• What are the challenges to market growth?
• Who are the key vendors in the global packaged tacos market?
• What are the market opportunities and threats faced by the vendors in the global packaged tacos market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global packaged tacos market?

Technavio also offers customization on reports based on specific client requirement.