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Market growth in this region will be faster than the growth of the market in Europe and the MEA.ĭownload a sample report for additional insights into the contribution of all the segments & regional opportunities in the report. US and Mexico are the key markets for burritos market in North America.
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To learn about additional key drivers, trends, and challenges - Download a Sample Report right now! According to the Food and Agriculture Organization (FAO) Food Price Index, which tracks international prices of the most-traded food commodities, averaged 100.9 points in October 2020, up 3.1% from September and 6.0% above its value in October 2019. Such fluctuations in prices often create problems in production thereby, causing demand and supply gaps in the market. Market Challenges - The major challenge impeding the global burritos market growth is the fluctuations in raw material prices. A major challenge for almost all types of food service outlets is the fluctuation in the prices of food commodities and raw materials.Also, the growing demand for foods with fresh ingredients and exotic flavors is driving the growth of Mexican food items like burritos.
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The number of consumers who prefer Mexican foods is growing rapidly in the US.
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Market Driver - The growing popularity of Latin American cuisines is notably driving the global burritos market growth. The popularity of Mexican food across the US is increasing, and the Hispanic population base is growing in the country, which creates new opportunities for the global burritos market.