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2024 U.S. Industry Statistics & Market Forecast - Tortilla Manufacturing


Market Size & Industry Statistics

The total U.S. industry market size for Tortilla Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Tortilla Manufacturing industry has been experiencing key trends that are shaping the future of the sector. One major trend is the growing demand for healthier food options. Consumers are increasingly prioritizing health and wellness, and this has led to a rise in the demand for tortillas made from whole grains and other healthy ingredients. Manufacturers are also responding to this trend by reducing the use of chemical additives and preservatives in their products.

Another trend that is transforming the Tortilla Manufacturing industry is the growing preference for organic and non-GMO tortillas. There is a rising awareness about the health and environmental benefits of organic and non-GMO foods, and this is leading to an increased demand for these products. Manufacturers are responding by sourcing and using non-GMO and organic ingredients in their tortilla products.

The use of technology and automation in the Tortilla Manufacturing industry is another trend that is shaping the future of the sector. Automation is enabling manufacturers to increase their production efficiency, reduce costs, and improve their product quality. New technologies are also being developed to enhance the quality of tortilla products, such as the use of infrared technology to monitor the cooking process and ensure consistent quality.

Finally, the Tortilla Manufacturing industry is experiencing a trend towards greater sustainability. Consumers are demanding environmentally responsible products, and manufacturers are responding by reducing their environmental impact. This includes reducing packaging waste, using more sustainable ingredients and materials, and implementing more efficient manufacturing processes.



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Tortilla Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Tortilla Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Tortilla Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers2%
Food Preparation and Serving Related Occupations 9%
Sales and Related Occupations 12%
Retail Sales Workers 11%
Cashiers 6%
Cashiers 6%
Production Occupations 49%
Food Processing Workers 33%
Bakers 21%
Bakers 21%
Miscellaneous Food Processing Workers 12%
Food Batchmakers 8%
Other Production Occupations 12%
Packaging and Filling Machine Operators and Tenders 7%
Packaging and Filling Machine Operators and Tenders 7%
Transportation and Material Moving Occupations 13%
Material Moving Workers 9%
Laborers and Material Movers 9%
Source: Bureau of Labor Statistics


Tortilla Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Tortilla Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Tortilla Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Tortilla Manufacturing industry.
Source:
IncFact


Recent Federal Contracts for Tortilla Manufacturing

  • Feb 22, 2024: TORTILLA KING LLC (Moundridge, KS) awarded $103,874
  • Feb 22, 2024: WISOMAN FOODS, INC. (Hayward, CA) awarded $221,065
  • Feb 22, 2024: CATALLIA MEXICAN FOODS LLC (Saint Paul, MN) awarded $175,576
  • Feb 16, 2024: SHAVER FOODS LLC (Fayetteville, AR) awarded $71,111
  • Jan 24, 2024: WHOLESOME FOODS PRODUCTS LLC (Plantation, FL) awarded $70,956
  • Jan 24, 2024: CLARKS TRADING CO (Mukwonago, WI) awarded $35,935