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Similar to the other regions we have discussed, generations of expertise from Cuban immigrants who fled the Castro regime have made Honduran tobacco what it is today, backed by a commitment to retaining traditional methods while still embracing modern innovation

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Melting Extrusion : The mixed raw materials are melted at high temperature and extruded into sheets or films using an extruder

They have also shared or won outright a combined 32 conference championships (20 ACC and 12 SoCon)

Key trends Energy costs, labour shortages, supply chain disruptions and infrastructure hurdles continue to negatively impact the industry, despite a slowdown in inflation Growing protectionism, trade wars and tensions, and geopolitical hurdles negatively impact the global food and beverages trade The health and wellness trend and rising environmental concerns continue to drive investment and innovation in value-added plant-based and functional products Macroeconomic/Industry trends Leading companies The top 10 food, beverages and tobacco companies see stable production value Over the 2017-2022 period, the competitive landscape in food, beverages and tobacco has remained relatively stable and highly fragmented, with the top 10 companies accounting for 9.1% of global production value in 2022