Latest News- Hispanic Foods Market: Tortillas is expected to lead the Type segment during 2025-2029

The Hispanic Foods Market is being driven by Changing lifestyles and rise in demand for healthy, convenient foods

The Hispanic Foods Market is expected to grow at a CAGR of 6.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 533.4 million. In the rapidly evolving food market, there is a significant trend towards gluten-free consumption due to growing health concerns. Approximately 80% of consumers experience gut inflammation from gluten, a protein found in certain grains. Moreover, gluten intake may lead to hypothyroidism, type 1 diabetes, and premature death of intestinal cells. Additionally, it causes a leaky gut, allowing harmful bacterial proteins and toxins to enter the bloodstream, triggering autoimmune responses. To cater to this expanding consumer base, numerous food manufacturers have expanded their product offerings to include gluten-free Hispanic foods. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Tortillas
  • Tacos
  • Burritos
  • Enchiladas
  • Others
• Product
  • Traditional
  • Tex-mex
  • Fusion
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Changing lifestyles and rise in demand for healthy, convenient foods
• New product launches
• Expansion in retail landscape

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations
• Product recalls
• Fluctuations in food commodity prices

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Market Scope in Hispanic Foods Market Research Report

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Research Analysis Overview

The Hispanic Foods Market caters to the Spanish-speaking population, offering a diverse range of authentic Hispanic dishes such as tortillas, pickles, peanut butter, salsa, nachos, burritos, pretzels, and tacos. Economists note the significance of this market, with food assistance programs addressing food insecurity among Hispanic communities. Authenticity is key, as global cuisines like Mexican and Spanish are increasingly popular. Gluten-free tortillas and touring expeditions highlight the market's adaptability. Lack of awareness and Spanish-language information pose challenges, affecting raw material supply and the complex food supply chain. Federal responses to changing demographics and cultural diversity are crucial for the market's growth.

Market Research Overview

The Hispanic foods market within the global packaged foods and meats industry encompasses vendors specializing in the processing and packaging of Hispanic cuisine, prioritizing health and minimally processed ingredients. According to Technavio, market size is determined by the consolidated revenue of participating entities. This sector excludes food equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Market expansion will be fueled by the health benefits linked to minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. Additionally, the growing trend towards adopting a healthy food lifestyle and touring expeditions to explore diverse culinary traditions further bolsters market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/