North America Flatbread Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Tortilla, Pita, Naan, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Bakeries, Online Retail, and Others), and Country

TIPRE00008905 | Pages: 72 | Food and Beverages | Oct 2024 | Type: Regional | Status: Published

The North America flatbread market size was valued at US$ 7.50 billion in 2023 and is projected to reach US$ 10.41 billion by 2031; it is expected to register a CAGR of 4.2% from 2023 to 2031.

The demand for flatbreads in North America is increasing due to evolving consumer preference toward healthier and more diverse food choices. As health consciousness continues to rise across the region, many consumers are seeking alternatives to traditional bread, particularly those that are perceived as lighter or offer specific health benefits. Flatbreads made with whole grains, low-carb options, and gluten-free varieties are increasingly popular among consumers who are focused on weight management, digestive health, and overall wellness. This shift has driven flatbread manufacturers to innovate and provide a wide range of healthier flatbread products that meet these demands. For instance, in October 2023, Joseph's Bakery announced the launch of Heart Friendly pita bread, certified by the American Heart Association's Heart-Check Food Certification Program. The launch was aimed to cater to the growing demand for healthy and nutritional flatbreads.

Additionally, the growing multiculturalism in North America, especially in metropolitan cities across the US, Canada, and Mexico, has contributed to the market growth. The growth in the Hispanic population in the US has surged the demand for flatbreads in the region. According to the Pew Research Center, the Hispanic population grew 26% from 2010 to 2022 in the US.

Further, strategic initiatives such as product launches, mergers, acquisitions, collaborations, and partnerships have contributed to the market growth in the region. For instance, in July 2023, Rich Products announced the launch of Cheesy Pull Apart Flatbread, a new food service and retail offering for quick-service restaurant and convenience store operators.

The demand for ethnic flatbreads is further driven by communities seeking traditional foods as the multicultural population continues to grow in North America. Immigrant communities and second-generation consumers often look for authentic flatbreads that reflect their cultural heritage. Also, the growth in the Hispanic population in the US has surged the demand for flatbreads in the region. According to the Pew Research Center, the Hispanic population grew 26% from 2010 to 2022 in the US, which led to a more diverse marketplace where traditional ethnic flatbreads are not only available but also embraced by broader demographics. Further, retailers are expanding their offerings of ethnic flatbreads such as naan, pita, tortillas, and lavash to cater to diverse culinary tastes. As more consumers seek to recreate Mediterranean, Middle Eastern, and Latin American dishes at home, the availability of flatbreads in mainstream grocery stores has grown. Retailers are offering a variety of products to meet the consumer demands. Thus, the increasing multicultural population, coupled with initiatives by retailers, has contributed to the growing popularity of ethnic cuisines that include flatbreads.

Some of the key players operating in the North America flatbread market are Kontos Foods, GRUMA SAB de CV, FGF Brands Inc, Joseph's Bakery, Olé Mexican Foods Inc., General Mills Inc,  Goya Foods Inc,  Mi Rancho, Leighton Foods AS, and Toufayan Bakeries. These players offer innovative products at affordable prices that attract a large number of consumers, opening new opportunities for them in the coming years.

                                          

The overall North America flatbread market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the North America flatbread market.

1.        Introduction

1.1      The Insight Partners Research Report Guidance

1.2      Market Segmentation

2.        Executive Summary

2.1      Key Market Insights

2.2      Market Attractiveness

3.        Research Methodology

3.1      Secondary Research

3.2      Primary Research

3.2.1       Hypothesis formulation:

3.2.2       Macro-economic factor analysis:

3.2.3       Developing base number:

3.2.4       Data Triangulation:

3.2.5       Country level data:

4.        North America Flatbread Market Landscape

4.1      Market Overview

4.2      PEST Analysis

5.        North America Flatbread Market – Key Market Dynamics

5.1      North America Flatbread Market – Key Market Dynamics

5.2      Market Drivers

5.2.1       Increasing Popularity of Ethnic Cuisines

5.2.2       Strategic Initiatives by Key Market Players

5.3      Market Restraints

5.3.1       Increasing Instances of Product Recalls

5.4      Market Opportunities

5.4.1       Expansion of E-Commerce Sector

5.5      Future Trends

5.5.1       Rising Preferences for Gluten-Free Products

5.6      Impact of Drivers and Restraints:

6.        North America Flatbread Market Analysis

6.1      North America Flatbread Market Revenue (US$ Million), 2021–2031

6.2      North America Flatbread Market Forecast and Analysis

7.        North America Flatbread Market Analysis – by Type

7.1      Tortilla

7.1.1       Overview

7.1.2       Tortilla: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

7.2      Pita

7.2.1       Overview

7.2.2       Pita: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

7.3      Naan

7.3.1       Overview

7.3.2       Naan: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

7.4      Others

7.4.1       Overview

7.4.2       Others: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

8.        North America Flatbread Market Analysis – by Distribution Channel

8.1      Supermarkets and Hypermarkets

8.1.1       Overview

8.1.2       Supermarkets and Hypermarkets: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

8.2      Convenience Stores

8.2.1       Overview

8.2.2       Convenience Stores: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

8.3      Bakeries

8.3.1       Overview

8.3.2       Bakeries: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

8.4      Online Retail

8.4.1       Overview

8.4.2       Online Retail: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

8.5      Others

8.5.1       Overview

8.5.2       Others: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

9.        North America Flatbread Market – Country Analysis

9.1      North America

9.1.1       North America Flatbread Market Breakdown by Countries

9.1.2       North America Flatbread Market Revenue and Forecast and Analysis – by Country

9.1.2.1         North America Flatbread Market Revenue and Forecast and Analysis – by Country

9.1.2.2         United States: Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

9.1.2.2.1        United States: Flatbread Market Breakdown by Type

9.1.2.2.2        United States: Flatbread Market Breakdown by Distribution Channel

9.1.2.3         Canada: Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

9.1.2.3.1        Canada: Flatbread Market Breakdown by Type

9.1.2.3.2        Canada: Flatbread Market Breakdown by Distribution Channel

9.1.2.4         Mexico: Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

9.1.2.4.1        Mexico: Flatbread Market Breakdown by Type

9.1.2.4.2        Mexico: Flatbread Market Breakdown by Distribution Channel

10.      Competitive Landscape

10.1    Company Positioning and Concentration

10.2    Heat Map Analysis by Key Players

11.      North America Flatbread Market Industry Landscape

11.1    Overview

11.2    New Product Launches

11.3    Expansion

12.      Company Profiles

12.1    Kontos Foods

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    GRUMA SAB de CV

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    FGF Brands Inc

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Joseph's Bakery

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Olé Mexican Foods Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    General Mills Inc

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Goya Foods Inc

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Mi Rancho

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Leighton Foods AS

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10  Toufayan Bakeries

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.      Appendix

13.1    About The Insight Partners

List of Tables

Table 1.          North America Flatbread Market Segmentation

Table 2.          North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Table 3.          North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 4.          North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel

Table 5.          North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Country

Table 6.          United States: Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 7.          United States: Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel

Table 8.          Canada: Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 9.          Canada: Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel

Table 10.        Mexico: Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 11.        Mexico: Flatbread Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel

List of Figures

Figure 1.         North America Flatbread Market Segmentation, by Country

Figure 2.         PEST Analysis

Figure 3.         Impact Analysis of Drivers and Restraints

Figure 4.         North America Flatbread Market Revenue (US$ Million), 2021–2031

Figure 5.         North America Flatbread Market Share (%) – by Type, 2023 and 2031

Figure 6.         Tortilla: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 7.         Pita: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 8.         Naan: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9.         Others: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 10.      North America Flatbread Market Share (%) – by Distribution Channel, 2023 and 2031

Figure 11.      Supermarkets and Hypermarkets: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12.      Convenience Stores: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 13.      Bakeries: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 14.      Online Retail: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 15.      Others: North America Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 16.      North America Flatbread Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 17.      United States: Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 18.      Canada: Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 19.      Mexico: Flatbread Market – Revenue and Forecast to 2031 (US$ Million)

Figure 20.      Company Positioning and Concentration

Figure 21.      Heat Map Analysis by Key Players

  • Kontos Foods
  • GRUMA SAB de CV
  • FGF Brands Inc
  • Joseph's Bakery
  • Olé Mexican Foods Inc.
  • General Mills Inc
  • Goya Foods Inc
  • Mi Rancho
  • Leighton Foods AS
  • Toufayan Bakeries
  • Progressive industry trends in the North America flatbread market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the North America flatbread market from 2021 to 2031
  • Estimation of the demand for flatbreads among consumers
  • Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for flatbread across North America
  • Market trends and outlook coupled with factors driving and restraining the growth of the North America flatbread market.
  • Decision-making process by understanding strategies that underpin commercial interest concerning the North America flatbread market growth
  • The North America flatbread market size at various nodes of market
  • Detailed overview and segmentation of the North America flatbread market as well as its dynamics in the industry
  • The North America flatbread market size in different countries with promising growth opportunities
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