US & Canada Flatbread Market Research Report by Product Type (tortilla, naan, pita, focaccia, lavash, pizza {inc. fresh & frozen}), by Material (upcycled material and plant based), End User (residential and commercial), Nature (Organic, Regular, and Gluten-Free), Form (frozen and regular), Distribution Channel (Bakery Stores, Deli, and Others)- Industry Forecast to 2032
The US & Canada Flatbread market is expected to grow significantly during the review period, with a CAGR of 7.34%. The market was anticipated to be worth USD 38.59 billion in 2022, rising to USD 76.69 billion by the end of the forecast period (2023-2032).
The market dynamics linked with the flatbread market are primarily determined by a complex interaction of elements that have evolved throughout time. In recent years, flatbreads have seen both growth and problems, influencing market dynamics. The flatbreads market in the United States and Canada has grown dramatically in recent years as a result of the increased use of flatbreads and the growing popularity of numerous ethnic cuisines, as well as rising demand for on-the-go food products. Increasing competition from different food products and changing nutritional choices among the populace are expected to stymie the flatbread industry throughout regions. Furthermore, the flatbread's reduced shelf life is one of the primary issues that is creating a difficult environment for overall market expansion. Aside from that, innovation in flavors and toppings, as well as clean-label products, have provided thriving opportunities for flatbreads in the United States and Canada. Manufacturers' attention on the production of clean-label products in terms of quality and transparency not only boosts customer trust, but also creates new opportunities for differentiation and market expansion. These are the primary elements that are expected to generate the most profitable opportunities for the market in the approaching years.
Market SegmentationThe U.S. and Canada flatbreads market is segmented by product type, including tortilla, naan, pita, focaccia, lavash, pizza (fresh and frozen), and others.
The market has been divided into two segments depending on material: recycled materials and plant-based materials.
The flatbreads market in the United States and Canada is divided into two segments based on end-user.
According to nature, the flatbreads market in the United States and Canada is divided into three categories: organic, regular, and gluten-free. According to the shape, the market has been divided into frozen and regular.
The market is divided into three distribution channels: bakery stores, delis, and others.
Major PlayersTyson Foods, Inc., Wright, Aidells, Jimmy Dean, Hillshire Farm, Ball Park, State Fair, FGF Brands, Atoria's Family Bakery, Kontos, Toufayan Bakeries, Klosterman Baking Company, Bakestone Brothers, Byblos Bakery, GRUMA, S.A.B. de C.V., and Papa Pita are the market's leading participants.