Burritos Market to increase by USD 17.28 billion from 2022 to 2028- Technavio

NEW YORK, Nov. 9, 2023 /PRNewswire/ — The burritos market size is expected to grow by USD 17.28 billion from 2022 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of almost 7.12% during the forecast period. The growing popularity of Latin American cuisines is notably driving the burritos market. However, factors such as fluctuations in raw material prices may impede the market growth. The market is segmented by end-user (food service sector and retail sector), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format 

Key Segment Analysis

The market share growth by the food service sector segment is significant during the forecast period. Some of the major food service chains that are planning to open new stores and expand their presence globally include Chipotle Mexican Grill and Taco Bell, which is contributing to the growth of the segment.  In addition, factors such as the increasing urbanization, changing consumer lifestyles, and the high purchasing power of consumers is fuelling the growth of this segment, which in turn will drive the market growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Geographical Market Analysis 

North America accounts for 53% of the growth of the global market during the forecast period. The growth of the market in North America is driven by improved living standards and the rise in the number of middle-class families. In addition,  most consumers, both men and women, in North America have busy schedules and therefore lead hectic lifestyles. Therefore, a majority of consumers prefer to head out to food service outlets such as burrito shops to have their breakfast. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Company Insights 
The burritos market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:
Ajinomoto Co. Inc., Amys Kitchen Inc., Camino Real Kitchens, Chick fil A Inc., Chipotle Mexican Grill Inc., Cofax Coffee, Conagra Brands Inc., El Chile Toreado, El Metate San Francisco, Hormel Foods Corp., Jack in the Box Inc., La Taqueria Taco Bar and Grill, Lucha Libre Taco Shop, Nestle SA, Papalote Mexican Grill, Ruiz Food Products Inc., Taqueria Can Cun, Taqueria La Cumbre, and YUM Brands Inc.

View Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 17,000 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.

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Website: www.technavio.com

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SOURCE Technavio