India nachos market is
expected to grow in the upcoming years at a steady CAGR during FY2021–FY2027. Nachos
market in India has shown promising growth in the historical years and is
expected to show the same in forecast years as well. Snacking habits of Indian
population is changing and is more inviting towards innovative options of
snacks. Instead of redundant burger and pizza options, consumers are more
inclined toward products like nachos. Moreover, similar options of chips and
wafers’ market has become saturated thus boosting the nachos market in India. India
has the world’s largest youth population, with their busy lives and disposable
income, there is an increase in demand for convenience food. Indian youth is
more drawn towards the convenience snacks over cultural snacks. Thus,
increasing demand for convenience foods can also be termed as a major driver
for the India nachos market towards exemplary growth in the upcoming five
years. Changes occurring in fast food consumption habits, increasing number of
fast food chains, and the strong performance of retail sector are some other
drivers of the India nachos market. Nachos are available in multiple flavors in
the market like cheese, salted, tomato, mint, jalapeno, and others. Consumers
are liking the variety that is available for them to choose from. Along with
dips and sauces, nachos are also available in Indian flavors and that can be
termed as an exploration area.
India nachos market is
segmented by type, by distribution channels and by region. Based on type, it is
further segmented into fried, baked and others. Fried nachos have shown itself
as the consumer’s favorite, but we can see their inclination toward baked
nachos in upcoming years. Since, the population is getting more health
conscious and is shifting towards healthier options, baked nachos will be highly
preferred and are expected to grow the India nachos market in forecast period. The
market sees a trend of consumption of cross-culture cuisine. Nachos being a
typical Mexican dish attracts attention of the consumers thus driving the
growth of the nachos market in India.
Major players
operating in India Nachos Market include PepsiCo (India)
Holdings Pvt Ltd (Doritos), Greendot Health Foods Pvt Limited (Cornitos), AgroTech
Foods Limited (Act II), Wellversed Health Private Limited (Ketofy), Recorn
Foods Pvt Ltd (Makino), Daawat-Kameda (India) Private Limited (Kari Kari), Haldiram
Foods International Pvt Ltd (Mexilla), Orenda Foods Pvt Limited (el dorado), and
AVT Gavia Foods Pvt Ltd (Salsalito), among others.
Years
considered for this report:
Historical
Years: FY2017 – FY2020
Base Year: FY2021
Estimated Year:
FY2022
Forecast Period:
FY2023 – FY2027
Objective of the Study:
- To analyze the
historical growth in the market size of India nachos market from FY2017 to
FY2020.
- To estimate and forecast the market size of India
nachos market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India nachos market based on type, by
distribution channels and by region.
- To identify dominant region or segment in the India
nachos market.
- To identify drivers and challenges for India nachos
market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in
India nachos market.
- To identify
and analyze the profile of leading players operating in India nachos market.
- To identify key sustainable strategies adopted
by market players in India nachos market.
Click here to download the sample
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of manufacturers, suppliers, and distributors
across the country. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufactures which could not be identified due to the
limitations of secondary research.
TechSci Research analyzed the manufactures,
distribution channels and presence of all major players across the country.
TechSci Research calculated the
market size of India nachos market using a bottom-up approach, wherein data for
various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analysing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Nachos manufacturers, stockists, fast food
chains, restaurants, and other stakeholders
- Distributers and suppliers of nachos and
other stakeholders
- Organizations, forums, and alliances
related to nachos
- Market research and consulting firms
The study is useful in providing
answers to several critical questions that are important for the industry
stakeholders such as manufacturers, suppliers, distributors, etc., besides
allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report,
India nachos market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- India Nachos Market, By Type:
- India
Nachos Market, By Distribution Channel:
o
Supermarket /Hypermarket
o
Convenience stores
o Online Ordering
o Others
- India
Nachos Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India nachos market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
India Nachos Market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]