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Hispanic Foods Market Growth By Type and Geography - Forecast & Analysis - 2022-2026

  • Published: Sep 2022
  • Pages: 128
  • SKU: IRTNTR74418
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The Hispanic foods market share is expected to increase by USD 518.91 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.4%.

This Hispanic foods 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 Hispanic foods market segmentation by type (tortillas, tacos, burritos, enchiladas, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The Hispanic foods market report also offers information on several market vendors, including B&G Foods, Inc, Campbell Soup Co., Corporativo Bimbo SA de CV, Delicioso UK Ltd., El Cielo, El Patron, Food Concepts International, Gruma SAB de CV, Hormel Foods Corp., Juanitas Foods, La Casa de Jack Ltd., Mercadagro International Corp., MexGrocer.com LLC, MTY Food Group Inc, Ole Mexican Foods Inc., Pappas Restaurants Inc., Siete Family Foods, Sigma Alimentos SA de CV, Spanish Deli Pty Ltd., and YUM Brands Inc. among others.

What will the Hispanic Foods Market Size be During the Forecast Period?

Hispanic Foods Market Size

Download Report Sample to Unlock the Hispanic Foods Market Size for the Forecast Period and Other Important Statistics

 

Hispanic Foods Market: Key Drivers, Trends, and Challenges

The changing lifestyles and rise in demand for healthy, convenient food are notably driving the Hispanic foods market growth, although factors such as stringent regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the Hispanic foods industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hispanic Foods Market Driver

The changing lifestyles and rise in demand for healthy, convenient food are notably driving the Hispanic foods market growth. With rapid urbanization, job prospects improve, and people from rural areas migrate to urban areas. The demand for convenience and easy-to-prepare food products has increased due to rapid urbanization and the high participation of women in the workforce. Hence, the demand for convenience foods and fast foods, such as Hispanic food, is increasing globally. The health benefits of Hispanic food are significant. Tortillas provide the required amount of sodium essential for maintaining the water balance in the body. Corn, a major ingredient of Hispanic food items, is rich in vitamin B. It contains pantothenic acid and folate that help in the regulation of metabolism, reduce fatigue, and keep people physically active. The growth of the urban population is spurring new food habits and increasing the preference for international cuisines. Evolving lifestyles, changing food preferences, rapid urbanization, and the rising number of nuclear families are a few factors that are driving the growth of the global fast-food market, which includes the global Hispanic foods market. Exposure to international cultures and lifestyles encourages people to experiment with various types of food, such as tortillas. It offers growth opportunities to the global Hispanic foods market. The rising consumer purchasing power in South America and European countries is also driving the growth of the global Hispanic foods market. Thus, the market in focus will grow during the forecast period.

Key Hispanic Foods Market Trend

The key trend driving the Hispanic foods market growth is the rising demand for gluten-free tortillas. Gluten is a protein present in several types of grains. Owing to the awareness of the health implications of gluten, consumers are increasingly looking for gluten-free tortillas. Consumers avoid gluten consumption for the following reasons: gluten causes inflammation of the gut in almost 80% of consumers; gluten consumption might lead to hypothyroidism and type 1 diabetes, and gluten causes intestinal cells to die prematurely due to inflammation. Several food manufacturers are offering gluten-free Hispanic food in their portfolios to cater to the demands of customers who want to avoid gluten. This will create growth opportunities for the global Hispanic foods market during the forecast period.

Key Hispanic Foods Market Challenge

The major challenge impeding the Hispanic foods market growth is the stringent regulations. IFS Food Standard is a recognized food safety standard for assessing the quality of manufacturers' products and processes. It is highly relevant for manufacturers producing their own brand labels, as it contains specific compliance requirements related to customer specifications. It helps end-users in maximizing transparency, reducing costs, and optimizing resources. FSSC 22000 indicates the robustness and presence of a manufacturer's effective food safety management system, and purchasers often mandate it within the supply chain. It covers the processing, manufacturing, and handling of a wide range of food products. Manufacturers of Hispanic food must abide by regulations regarding the quality and safety of Hispanic food products that are offered in the market. In EU countries, manufacturers are required to comply with the rules set by the European Food Safety Authority (EFSA). In India, the FSSAI lays out the parameters for the certification of food products and is responsible for protecting and promoting public health through regulations and the supervision of food safety. Complying with these regulations is a serious challenge for vendors. Any deviation from the labeling and guidelines specified by regulatory bodies can adversely affect the brand image of manufacturers. The FSSAI has published rules and regulations and specified the permissible limits for the usage of heavy metals in food products. Food and beverage companies are required to frequently check their food products produced at the site to ensure that the food products do not contain an excess of heavy metals. Thus, the stringent regulations will hamper the growth of the market in focus during the forecast period.

This Hispanic foods 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global Hispanic foods market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco 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 Hispanic foods market during the forecast period.

Who are the Major Hispanic Foods Market Vendors?

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

 

  • B&G Foods, Inc.
  • Campbell Soup Co.
  • Corporativo Bimbo SA de CV
  • Delicioso UK Ltd.
  • El Cielo
  • El Patron
  • Food Concepts International
  • Gruma SAB de CV
  • Hormel Foods Corp.
  • Juanitas Foods
  • La Casa de Jack Ltd.
  • Mercadagro International Corp.
  • MexGrocer.com LLC
  • MTY Food Group Inc
  • Ole Mexican Foods Inc.
  • Pappas Restaurants Inc.
  • Siete Family Foods
  • Sigma Alimentos SA de CV
  • Spanish Deli Pty Ltd.
  • YUM Brands Inc.

 

This statistical study of the Hispanic foods market encompasses successful business strategies deployed by the key vendors. The Hispanic foods market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the 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 Hispanic foods 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.

Hispanic Foods Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the Hispanic foods 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 other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Hispanic Foods Market?

Hispanic Foods Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

55% of the market’s growth will originate from North America during the forecast period. The US is the key market for the Hispanic foods market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing popularity of Hispanic cuisine among consumers will facilitate the Hispanic food 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.

COVID-19 Impact and Recovery Analysis

The COVID-19 pandemic directly affected the growth of the regional Hispanic foods market in 2020. After an initial rise in demand, amid massive hoarding by consumers, the demand for Hispanic food dropped sharply as numerous restaurants and retail stores were closed, social events were suspended, and people were compelled to stay indoors in 2020, which resulted in the decline of demand for Hispanic food in North America. After the partial removal of lockdowns and the gradual increase in commercial and social activities in 2021, the demand for Hispanic food in North America started to recover and is expected to grow steadily during the forecast period.

What are the Revenue-generating Type Segments in the Hispanic Foods Market?

Hispanic Foods Market Share

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The Hispanic foods market share growth in the tortillas segment will be significant during the forecast period. The increasing per capita consumption in developed countries of North America and Europe is the major growth driver for the tortillas segment. Changing taste preferences have increased the sales of flavored tortillas. As taste preferences vary across regions, global vendors have introduced new products.

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

 

Hispanic Foods Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.4%

Market growth 2022-2026

$518.91 million

Market structure

Fragmented

YoY growth (%)

5.87

Regional analysis

North America, Europe, APAC, South America, and the Middle East and Africa

Performing market contribution

North America at 55%

Key consumer countries

US, Mexico, China, Japan, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

B&G Foods, Inc., Campbell Soup Co., Corporativo Bimbo SA de CV, Delicioso UK Ltd., El Cielo, El Patron, Food Concepts International, Gruma SAB de CV, Hormel Foods Corp., Juanitas Foods, La Casa de Jack Ltd., Mercadagro International Corp., MexGrocer.com LLC, MTY Food Group Inc, Ole Mexican Foods Inc., Pappas Restaurants Inc., Siete Family Foods, Sigma Alimentos SA de CV, Spanish Deli Pty Ltd., 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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hispanic Foods Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the Hispanic foods market growth during the next five years
  • Precise estimation of the Hispanic foods market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the Hispanic foods industry across North America, Europe, APAC, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Hispanic foods market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Tortillas - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Tortillas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Tortillas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Tortillas - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Tortillas - Year-over-year growth 2021-2026 (%)
    • 5.4 Tacos - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Tacos - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Tacos - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Tacos - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Tacos - Year-over-year growth 2021-2026 (%)
    • 5.5 Burritos - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Burritos - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Burritos - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Burritos - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Burritos - Year-over-year growth 2021-2026 (%)
    • 5.6 Enchiladas - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Enchiladas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Enchiladas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Enchiladas - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Enchiladas - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Type
      • Exhibit 48: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Mexico - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Mexico - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 90: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 B and G Foods Inc.
              • Exhibit 101: B and G Foods Inc. - Overview
              • Exhibit 102: B and G Foods Inc. - Product / Service
              • Exhibit 103: B and G Foods Inc. - Key offerings
            • 10.4 Campbell Soup Co.
              • Exhibit 104: Campbell Soup Co. - Overview
              • Exhibit 105: Campbell Soup Co. - Business segments
              • Exhibit 106: Campbell Soup Co. - Key offerings
              • Exhibit 107: Campbell Soup Co. - Segment focus
            • 10.5 Corporativo Bimbo SA de CV
              • Exhibit 108: Corporativo Bimbo SA de CV - Overview
              • Exhibit 109: Corporativo Bimbo SA de CV - Business segments
              • Exhibit 110: Corporativo Bimbo SA de CV - Key news
              • Exhibit 111: Corporativo Bimbo SA de CV - Key offerings
              • Exhibit 112: Corporativo Bimbo SA de CV - Segment focus
            • 10.6 El Patron
              • Exhibit 113: El Patron - Overview
              • Exhibit 114: El Patron - Product / Service
              • Exhibit 115: El Patron - Key offerings
            • 10.7 Food Concepts International
              • Exhibit 116: Food Concepts International - Overview
              • Exhibit 117: Food Concepts International - Product / Service
              • Exhibit 118: Food Concepts International - Key offerings
            • 10.8 Hormel Foods Corp.
              • Exhibit 119: Hormel Foods Corp. - Overview
              • Exhibit 120: Hormel Foods Corp. - Business segments
              • Exhibit 121: Hormel Foods Corp. - Key news
              • Exhibit 122: Hormel Foods Corp. - Key offerings
              • Exhibit 123: Hormel Foods Corp. - Segment focus
            • 10.9 MTY Food Group Inc
              • Exhibit 124: MTY Food Group Inc - Overview
              • Exhibit 125: MTY Food Group Inc - Business segments
              • Exhibit 126: MTY Food Group Inc - Key offerings
              • Exhibit 127: MTY Food Group Inc - Segment focus
            • 10.10 Pappas Restaurants Inc.
              • Exhibit 128: Pappas Restaurants Inc. - Overview
              • Exhibit 129: Pappas Restaurants Inc. - Product / Service
              • Exhibit 130: Pappas Restaurants Inc. - Key offerings
            • 10.11 Siete Family Foods
              • Exhibit 131: Siete Family Foods - Overview
              • Exhibit 132: Siete Family Foods - Product / Service
              • Exhibit 133: Siete Family Foods - Key offerings
            • 10.12 YUM Brands Inc.
              • Exhibit 134: YUM Brands Inc. - Overview
              • Exhibit 135: YUM Brands Inc. - Business segments
              • Exhibit 136: YUM Brands Inc. - Key news
              • Exhibit 137: YUM Brands Inc. - Key offerings
              • Exhibit 138: YUM Brands Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 139: Inclusions checklist
                • Exhibit 140: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 141: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 142: Research methodology
                • Exhibit 143: Validation techniques employed for market sizing
                • Exhibit 144: Information sources
              • 11.5 List of abbreviations
                • Exhibit 145: 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
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              Hispanic Foods market growth will increase by $518.91 million during 2022-2026.
              The hispanic foods market is expected to grow at a CAGR of 6.4% during 2022-2026.
              Technavio has segmented the hispanic foods market by geographic (North America, Europe, APAC, South America, and Middle East and Africa).
              B and G Foods Inc., Campbell Soup Co., Corporativo Bimbo SA de CV, Delicioso UK Ltd., El Cielo, El Patron, Food Concepts International, Gruma SAB de CV, Hormel Foods Corp., Juanitas Foods, La Casa de Jack Ltd., Mercadagro International Corp., MexGrocer.com LLC, MTY Food Group Inc, Ole Mexican Foods Inc., Pappas Restaurants Inc., Siete Family Foods, Sigma Alimentos SA de CV, Spanish Deli Pty Ltd., YUM Brands Inc. are a few of the key vendors in the hispanic foods market.
              North America will register the highest growth rate of 54.87% among the other regions. Therefore, the hispanic foods market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Mexico
              • China
              • Japan
              • France
              The key factors driving the hispanic foods market growth are:
              • Changing lifestyles and rise in demand for healthy, convenient food
              • Rising demand for gluten-free tortillas
              The hispanic foods market vendors should focus on grabbing business opportunities from the 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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