Nachos Market size to grow by USD 1,698.85 million from 2022 to 2027, Growth of organized retail sector to drive market growth - Technavio

NEW YORK, April 27, 2023 /PRNewswire/ -- Technavio has been monitoring the nachos market, and it is expected to grow by USD 1,698.85 million from 2022 to 2027. As per the latest report, the market will progress at a CAGR of 5.64% during the forecast period. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. The increasing consumption of nachos in developing countries is an emerging nacho market trend. The growth can be attributed to increasing urbanization, availability of goods, and income and is influencing consumer spending behavior. Consumers in developing countries are embracing new lifestyles, They are gradually switching to European foods such as nachos. Additionally, the demand for innovative and exotic-flavored nachos is more prominent among millennials. Hence, such factors are expected to boost the growth of the global market during the forecast period. Download the Latest Sample Report within minutes!

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our nachos market report covers the following areas:

• Nachos Market size
• Nachos Market trends
• Nachos Market industry analysis
• Nachos Market five forces analysis
• Nachos Market competitive landscape

Nachos Market 2023-2027: Market Dynamics

Key Drivers

• The growth of the organized retail sector is a key driver for the growth of the nachos market during the forecast period.
• Organized retail is an integral part of offline distribution channels. It facilitates the consumer purchasing process and allows them to choose from a variety of packaged nachos.
• Tesco Plc (Tesco), Walmart Inc., Target Brands Inc. (Target), and ALDI Inc. (ALDI) are part of a large hypermarket and supermarket. These organizations offer a plethora of packaged food products, such as nachos.
• Hence, the growth of the organized retail sector is expected to fuel the development of the market in focus during the forecast period.

Major Challenges

• The growing health concerns about obesity are major challenges hindering the market growth during the forecast period. 
• The use of certain substances in the regular diet is directly related to increased obesity rates. For example, nachos have too many calories and fat. Excessive consumption can lead to weight gain and water retention, increasing the risk of heart disease and high blood pressure. 
• Similarly, gluten-intolerant consumers avoid foods that are made from wheat, making it difficult for manufacturers to substitute non-allergenic ingredients. Eliminating trans fats from prepared foods is also a major concern for food manufacturers. Trans fat substitutes affect product quality, including taste, texture, shelf life, and product stability.
• As RTE products are usually high in fat, overconsumption can lead to obesity, overweight, and other health problems.
• Such factors are expected to hinder the growth of the global market during the forecast period. 

• Product 
• Baked
• Fried
• Application 
• Commercial
• Household
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East And Africa

The market share growth by the baked segment will be significant for the overall market growth during the forecast period. This growth is attributed to the growing health consciousness of consumers around the world. Due to its low oil content, baked nachos have become a healthy option, further boosting the growth of the baked nachos segment. Homemade tortilla chips are processed into a base with other ingredients added, and nuts can be cooked nut-free for consumers with allergies. Hence, such factors are estimated to boost the growth of the global nachos market during the forecast period. 

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What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 vendors operating in the Nachos Market, including some of the vendors such as AMICA CHIPS Spa, Arca Continental SAB de CV, Axium Foods Inc., Bahlsen GmbH and Co. KG, Balance Foods Inc., General Mills Inc., Greendot Health Foods Pvt. Ltd., ITC Ltd., Kellogg Co., Kelly Ges.mbH, Nacho King Corp., Old Dutch Foods Ltd., Orenda Foods Pvt. Ltd., PepsiCo Inc., Ricos Products Co., San Carlo Gruppo Alimentare SpA, The Good Bean Inc., The Hershey Co., Universal Robina Corp., and Conagra Brands Inc. Backed with competitive intelligence and benchmarking, our research reports on the Nachos Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Vendor Offerings

• AMICA CHIPS Spa - The company offers nachos such as tortilla chips.
• Arca Continental SAB de CV - The company offers nachos such as Bokados tortilla chips.
• Axium Foods Inc. - The company offers nachos such as white corn round tortilla chips.

Nachos Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist nachos market growth during the next five years
• Estimation of the nachos market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the nachos market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of nachos market vendors

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Table of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global nachos market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global nachos market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Baked - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Baked - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Baked - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Baked - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Baked - Year-over-year growth 2022-2027 (%)

• 6.4 Fried - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Fried - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Fried - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Fried - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Fried - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)
• Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Commercial - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.4 Household - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Household - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Household - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Household - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Household - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 56: Market opportunity by Application ($ million)
• Exhibit 57: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Mexico - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Mexico - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 AMICA CHIPS Spa
• Exhibit 111: AMICA CHIPS Spa - Overview
• Exhibit 112: AMICA CHIPS Spa - Product / Service
• Exhibit 113: AMICA CHIPS Spa - Key offerings

• 12.4 Arca Continental SAB de CV 
• Exhibit 114: Arca Continental SAB de CV - Overview
• Exhibit 115: Arca Continental SAB de CV - Business segments
• Exhibit 116: Arca Continental SAB de CV - Key offerings
• Exhibit 117: Arca Continental SAB de CV - Segment focus

• 12.5 Axium Foods Inc.
• Exhibit 118: Axium Foods Inc. - Overview
• Exhibit 119: Axium Foods Inc. - Product / Service
• Exhibit 120: Axium Foods Inc. - Key offerings

• 12.6 Bahlsen GmbH and Co. KG 
• Exhibit 121: Bahlsen GmbH and Co. KG - Overview
• Exhibit 122: Bahlsen GmbH and Co. KG - Product / Service
• Exhibit 123: Bahlsen GmbH and Co. KG - Key offerings

• 12.7 Balance Foods Inc.
• Exhibit 124: Balance Foods Inc. - Overview
• Exhibit 125: Balance Foods Inc. - Product / Service
• Exhibit 126: Balance Foods Inc. - Key offerings

• 12.8 Conagra Brands Inc.
• Exhibit 127: Conagra Brands Inc. - Overview
• Exhibit 128: Conagra Brands Inc. - Business segments
• Exhibit 129: Conagra Brands Inc. - Key news
• Exhibit 130: Conagra Brands Inc. - Key offerings
• Exhibit 131: Conagra Brands Inc. - Segment focus

• 12.9 General Mills Inc.
• Exhibit 132: General Mills Inc. - Overview
• Exhibit 133: General Mills Inc. - Business segments
• Exhibit 134: General Mills Inc. - Key news
• Exhibit 135: General Mills Inc. - Key offerings
• Exhibit 136: General Mills Inc. - Segment focus

• 12.10 Greendot Health Foods Pvt. Ltd. 
• Exhibit 137: Greendot Health Foods Pvt. Ltd. - Overview
• Exhibit 138: Greendot Health Foods Pvt. Ltd. - Product / Service
• Exhibit 139: Greendot Health Foods Pvt. Ltd. - Key offerings

• 12.11 ITC Ltd.
• Exhibit 140: ITC Ltd. - Overview
• Exhibit 141: ITC Ltd. - Business segments
• Exhibit 142: ITC Ltd. - Key offerings
• Exhibit 143: ITC Ltd. - Segment focus

• 12.12 Kellogg Co.
• Exhibit 144: Kellogg Co. - Overview
• Exhibit 145: Kellogg Co. - Business segments
• Exhibit 146: Kellogg Co. - Key offerings
• Exhibit 147: Kellogg Co. - Segment focus

• 12.13 Old Dutch Foods Ltd.
• Exhibit 148: Old Dutch Foods Ltd. - Overview
• Exhibit 149: Old Dutch Foods Ltd. - Product / Service
• Exhibit 150: Old Dutch Foods Ltd. - Key offerings

• 12.14 PepsiCo Inc.
• Exhibit 151: PepsiCo Inc. - Overview
• Exhibit 152: PepsiCo Inc. - Business segments
• Exhibit 153: PepsiCo Inc. - Key news
• Exhibit 154: PepsiCo Inc. - Key offerings
• Exhibit 155: PepsiCo Inc. - Segment focus

• 12.15 The Good Bean Inc.
• Exhibit 156: The Good Bean Inc. - Overview
• Exhibit 157: The Good Bean Inc. - Product / Service
• Exhibit 158: The Good Bean Inc. - Key offerings

• 12.16 The Hershey Co.
• Exhibit 159: The Hershey Co. - Overview
• Exhibit 160: The Hershey Co. - Business segments
• Exhibit 161: The Hershey Co. - Key news
• Exhibit 162: The Hershey Co. - Key offerings
• Exhibit 163: The Hershey Co. - Segment focus

• 12.17 Universal Robina Corp. 
• Exhibit 164: Universal Robina Corp. - Overview
• Exhibit 165: Universal Robina Corp. - Business segments
• Exhibit 166: Universal Robina Corp. - Key offerings
• Exhibit 167: Universal Robina Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
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SOURCE Technavio