About Packaged Tacos
A taco is a tortilla with some form of filling which is a Mexican dish. Tacos are frequently served on a fried or crunchy shell. A typical taco would have meat in some type, anything from shredded pork, to chicken to top grade tenderloin. It might have veggie toppings like radishes, tomatoes or lettuce, or no veggies at all. Due to changing lifestyle and rising demand for convenience food products the demand for packaged taco is increasing.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Packaged Tacos market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ajinomoto (Japan), B&G Foods (United States), General Mills (United States), Hain Celestial (United States), McCormick (United States) and Land O'Lakes (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Packaged Tacos market by Type (Veg [Vegetables, Cheese] and Non-Veg [Beef, Pork, Chicken, Seafood]) and Region.
On the basis of geography, the market of Packaged Tacos has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Convenience Stores will boost the Packaged Tacos market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 6th December 2021, Jack in the Box announced a USD575 million acquisition of the Mexican chain Del Taco, combining two Southern California mainstays and potentially giving the industry its latest multi-brand platform. But don't expect the company to add a third or fourth brand to the lineup anytime soon. In an interview with analysts, company executives stated that they intend to complete this acquisition before considering any others. According to a transcript on the financial services website Sentieo, CFO Tim Mullany stated, "We're going to digest this one for the time being."
On 11th May 2022, Berry Global Group, Inc. and Taco Bell are taking steps toward a more circular approach to sustainable packaging with the launch of the new clear, all-plastic cup containing mechanically recycled post-consumer resin (PCR).
The delivered tortillas, tortilla chips, taco shells, and tostada shells must comply with all applicable federal, state, and local mandatory requirements and regulations relating to the preparation, packaging, labelling, storage, distribution, and sale of the tortillas, tortilla chips, taco shells, and tostada shells in the commercial marketplace. Delivered tortillas, tortilla chips, taco shells, and tostada shells must comply with all applicable provisions of the Federal Food, Drug, and Cosmetic Act; the Fair Packaging and Labeling Act; and the regulations promulgated thereunder. The Federal Food, Drug, and Cosmetic Act requires allergen labelling on tortillas, tortilla chips, taco shells, and tostada shells.
Market Drivers
- Increasing Popularity of Mexican Cuisine among Consumers
- Growing Demand for Healthier Food Products
Opportunities
- Increasing Demand for Convenience Food Products in Developing Countries
Restraints
- Stringent Government Regulation Regarding Packaged Foods
Challenges
- Availability for Substitutes in Market
Key Target Audience
Manufacturers of Packaged Taco, Suppliers of Packaged Taco, Wholesalers, Distributors and Retailers of Packaged Taco and Food & Beverage Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.