Global Nachos Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027

Report Code: FBR 41868 Report Format: PDF + Excel

Global Nachos Market Overview

Global Nachos Market size is estimated to reach $2.3 billion by 2027, growing at a CAGR of 6.3% during the forecast period 2022-2027. Nachos are a Mexican regional dish from northern Mexico that includes heated tortilla chips or totopos wrapped with melted cheese, frequently served as a snack or appetizer. More intricate versions of the dish are inclusive of additional constituents and may be significant enough to act as a main dish. To make Nachos, the corn meal is mixed earliest with warm water and a pinch of salt. Ground beef contributes an energetic, fulfilling, and flavorful constituent to the nachos, which turns them into the main course instead of just a snack or side dish. While nearly all high-quality Mexican restaurants utilize Asadero/Oaxaca cheese, nearly all grocery stores that sell “Mexican cheese dip” sell a dip prepared from white American cheese. Shredded lettuce is used with Nachos with shredded iceberg lettuce really making a wonderful topping for Nachos. The surging demand for baked Nachos including tortilla chips amidst the health-conscious consumers is set to drive the Global Nachos Market. The proliferating count of fast-food chains worldwide is set to propel the growth of the Global Nachos Market during the forecast period 2022-2027. This represents the Global Nachos Industry Outlook.

Report Coverage

The report: Global Nachos Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Nachos Market.

By Product Type: Fried, Baked.

By Distribution Channel: Hypermarkets And Supermarkets, Departmental Stores, Online Retail, Others.

By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

  • Geographically, North America Global Nachos Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to Nachos being of Mexican origin and the surging recognition of Mexican cuisine including tortilla chips in the North American region.
  • Global Nachos Market growth is being driven by the development of the organized retail sector globally marketing Nachos including tortilla chips. However, the requirement for adherence to binding regulations and guidelines is one of the major factors hampering the growth of Global Nachos Market. 
  • Global Nachos Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Nachos Market report. 

    Global Nachos Market: Market Share (%) by Region, 2021


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Global Nachos Market Segment Analysis – By Product Type:

The Global Nachos Market based on product type can be further segmented into Fried and Baked. The Baked Segment held the largest market share in 2021. This growth is owing to the heightened health consciousness of consumers across the planet. Baked tortilla chips are favored among consumers. The reduced oil content of Baked Nachos makes them the recommended option of physicians for consumption which is further propelling the growth of the Baked Product segment.
Furthermore, the Baked segment is estimated to grow with the fastest CAGR of 7.1% during the forecast period 2022-2027 owing to the lightness and decreased calories, lesser Glycemic Index (GI) with constituents being controllable when home-made, made with tortilla chips as the base with further added constituents and can be prepared without nuts for consumers who are allergic to nuts.

Global Nachos Market Segment Analysis – By Distribution Channel:

The Global Nachos Market based on distribution channel can be further segmented into Hypermarkets And Supermarkets, Departmental Stores, Online Retail and Others. The Online Retail Segment held the largest market share in 2021. This growth is owing to the surging application of online e-commerce websites for purchasing snacks like nachos in the wake of the COVID-19 pandemic. Nachos are frequently prepared with tortilla chips as the base with added constituents included on them. The ease of placing an order online with just a click coupled with home delivery options and discounted rates is further propelling the growth of this segment.
Furthermore, the Hypermarkets And Supermarkets, segment is estimated to grow with the fastest CAGR of 7.4% during the forecast period 2022-2027 owing to the heightened inclination of consumers to return back to normalcy by undertaking physical shopping trips to purchase snacks like nachos and tortilla chips amidst massive vaccination drives across the planet.

Global Nachos Market Segment Analysis – By Geography:

The Global Nachos Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the soaring snacking of Nachos in countries like the U.S. in the North American region. Flavored and unflavored tortilla chips have extensively partaken. The innovative toppings in creative Nacho recipes are further propelling the growth of the Global Nachos Market in the North American region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like proliferating demand for convenience foods including tortilla chips and the accelerated urbanization in the Asia-Pacific region. The surging inclination towards cross-cultural cuisine intake and innovative snacking options is further fueling the progress of the Global Nachos Market in the Asia-Pacific region.

Innovative Product Launches Of Tortilla Chips Are Projected To Drive The Growth Of Global Nachos Market:

A novel snack brand is uniting with the upcycled food drive with a novel line of water-saving tortilla chips. Kazoo Snacks’ tortilla chips are prepared utilizing 40% upcycled corn germ repurposed from the corn starch industry, which generates germ as a by-product. Recovering this corn germ decreases Kazoo’s water footprint by at least 20 gallons of water per bag, as per the firm. Subsequent to the success of its Organic Ridged Plantain Chips, Barnana, an innovator in the natural food space for its banana and plantain-based snacks, is discharging its most novel product line, Plantain Tortilla Chips. Barnana’s novel offering will appear in two flavors, Himalayan Pink Salt and Lime & Sea Salt. Every bag includes golden brown chips prepared from seasoned ground plantains cooked in avocado oil. These kinds of innovative product launches of tortilla chips are therefore fuelling the growth of the Global Nachos Market during the forecast period 2022-2027.

Inventive Nacho Trends Are Expected To Boost The Demand Of Global Nachos:

Nachos are an amazingly versatile food item and they go fabulously with toppings. Every topping contributes its rare flavor and texture to the dish, which backs the tortilla chips to the next level. By the way, nachos leftovers are marvelous too. A large platter of nachos wrapped in the classic topping is delectable. The classic topping for nachos is inclusive of chopped jalapenos, guacamole, salsa Fresca, sour cream, black olives, sharp cheddar cheese, and ground beef of chili. The wet toppings need to be served separately so that the nachos do not turn into a damp mess. Jack in the Box's novel Nacho Tiny Tacos are a cheesy twist on the brand's recognized Tiny Tacos. The ingenious novel dish highlights the signature Tiny Tacos with a lavish dusting of nacho cheese seasoning and a side of Ranch sauce for dipping. The chain is also supplying novel Bacon Loaded Nacho Tiny Tacos, which include 15 Nacho Tiny Tacos topped with cheddar cheese sauce, savory bacon crumbles, Ranch sauce, and Spicy Good Good sauce. The outcome is a shareable snack that provides the delightful crunch of a hard-shell taco coupled with the elegant and cheesy taste of nachos. The novel product launches involving Global Nachos are therefore driving the growth of the Global Nachos Market during the forecast period 2022-2027.

Global Nachos Market – Challenges

Disadvantages Of Fried Nachos Consumption Are Hampering The Growth Of The Global Nachos Market:

As per World Health Organization (WHO),39 million children under the age of 5 were overweight or obese in 2020”. Numerous Americans consume nachos for lunch, dinner, and snacks and at sporting and additional events, possibly turning nachos into a culprit in the obesity epidemic. Though Americanized nachos generally are inclusive of diet-busting fried tortilla chips topped with glue-like orange cheese, it is possible to prepare and enjoy nachos in a manner that is good for the diet. In fact, nachos can be transformed into a healthy go-to meal or snack. Crunchy tortilla triangles build a nest for the remaining nacho constituents. Unfortunately, fried chips are soaring in fat and calories. The American Heart Association suggests that one refrains from fried tortilla chips and fried tortilla shells. Instead, baked tortilla chips make for healthier nachos. These issues are thus hampering the growth of the Global Nachos Market.

Global Nachos Industry Outlook:

Novel product launches, mergers and acquisitions, regional expansions and R&D activities are key strategies adopted by players in the Global Nachos Market. Key companies of this market are:

  1. Orenda Foods
  2. Frito-Lay North America, Inc.
  3. Pringles
  4. Cornitos
  5. Ricos
  6. Late July Snacks
  7. General Mills
  8. Conagra Brands
  9. Emyth Inc.
  10. Masafrica Corn Flour (Pty) Ltd ®

Recent Developments

  • In February 2022, Frito-Lay North America, a division of PepsiCo, Inc., has twinned with professional basketball player LeBron James to introduce Ruffles Flamin’ Hot Cheddar & Sour Cream flavored potato chips. The mashup establishes a spicy spin on the brand’s most recognized flavor and marks the most recent inclusion to Frito-Lay’s Flamin’ Hot family. Copper Cow Coffee, a specialty Vietnamese coffee brand, is launching a rose pour-over set for a restricted period.
  • In January 2022, it has been reported that the Frito-Lay North America division of PepsiCo, Inc. is set to introduce Lay’s Layers, a product the firm calls “multi-dimensional, one-of-a-kind potato bites with layers of delicious crispiness.”  The potato chips will be accessible in two flavors: three-cheese, which highlights a tangy and cheesy mix of cheddar, Parmesan and gouda; and sour cream and onion. The potato chips will be accessible in mid-January at a recommended retail price of $4.09 for a 4.75-oz bag, $1.99 for a 1.75-oz bag or two for $1 for two 0.5-oz bags.
  • In December 2020, Frito-Lay introduced a 'Make Your Own' Variety Pack highlight on its direct-to-consumer website, Snacks.com. It permits shoppers to personalize their Frito-Lay Variety Pack (FLVP) to fulfil their snacking requirements while shopping online. As per the most-recent Frito-Lay US Snack Index, two out of three Americans are more inclined to acquire a variety pack of snacks if they had the alternative to personalize it.

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1. Global Nachos Market Overview
    1.1 Definitions and Scope
2. Global Nachos Market - Executive Summary
3. Global Nachos Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Global Nachos Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Global Nachos Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Global Nachos Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Global Nachos Market – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Global Nachos Market - By Product Type(Market Size –$Million/$Billion) 
    8.1 Fried
    8.2 Baked
9. Global Nachos Market - By Distribution Channel (Market Size –$Million/$Billion) 
    9.1 Hypermarkets And Supermarkets
    9.2 Departmental Stores
    9.3 Online Retail
    9.4 Others
10. Global Nachos Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 France
        10.2.3 UK
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest Of The World
        10.5.1 Middle East
        10.5.2 Africa
11. Global Nachos Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Global Nachos Market – Industry Competition Landscape (Premium)
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key Companies
        12.1.3 Market Share by Countries – Key Companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Global Nachos Market – Key Company List by Country Premium (Premium)
14. Global Nachos Market - Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global Key Manufacturers Market 2019-2024 ($M)
1.1 Cornitos Market 2019-2024 ($M) - Global Industry Research
1.2 Doritos Market 2019-2024 ($M) - Global Industry Research
1.3 Act Ii, Beanitos Market 2019-2024 ($M) - Global Industry Research
1.4 Latejuly Market 2019-2024 ($M) - Global Industry Research
1.5 Bugles Market 2019-2024 ($M) - Global Industry Research
1.6 Gehls Market 2019-2024 ($M) - Global Industry Research
1.7 Vans Foods Market 2019-2024 ($M) - Global Industry Research
2.Global By Vegan Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Vegan Market 2019-2024 ($M) - Global Industry Research
3.2 GMO-Free Market 2019-2024 ($M) - Global Industry Research
3.3 Gluten-Free Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Cornitos Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Doritos Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Act Ii, Beanitos Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Latejuly Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Bugles Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Gehls Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Vans Foods Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Vegan Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Vegan Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 GMO-Free Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Gluten-Free Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Cornitos Market 2019-2024 ($M) - Regional Industry Research
7.2 Doritos Market 2019-2024 ($M) - Regional Industry Research
7.3 Act Ii, Beanitos Market 2019-2024 ($M) - Regional Industry Research
7.4 Latejuly Market 2019-2024 ($M) - Regional Industry Research
7.5 Bugles Market 2019-2024 ($M) - Regional Industry Research
7.6 Gehls Market 2019-2024 ($M) - Regional Industry Research
7.7 Vans Foods Market 2019-2024 ($M) - Regional Industry Research
8.North America By Vegan Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Vegan Market 2019-2024 ($M) - Regional Industry Research
9.2 GMO-Free Market 2019-2024 ($M) - Regional Industry Research
9.3 Gluten-Free Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Cornitos Market 2019-2024 ($M) - Regional Industry Research
10.2 Doritos Market 2019-2024 ($M) - Regional Industry Research
10.3 Act Ii, Beanitos Market 2019-2024 ($M) - Regional Industry Research
10.4 Latejuly Market 2019-2024 ($M) - Regional Industry Research
10.5 Bugles Market 2019-2024 ($M) - Regional Industry Research
10.6 Gehls Market 2019-2024 ($M) - Regional Industry Research
10.7 Vans Foods Market 2019-2024 ($M) - Regional Industry Research
11.South America By Vegan Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Vegan Market 2019-2024 ($M) - Regional Industry Research
12.2 GMO-Free Market 2019-2024 ($M) - Regional Industry Research
12.3 Gluten-Free Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Cornitos Market 2019-2024 ($M) - Regional Industry Research
13.2 Doritos Market 2019-2024 ($M) - Regional Industry Research
13.3 Act Ii, Beanitos Market 2019-2024 ($M) - Regional Industry Research
13.4 Latejuly Market 2019-2024 ($M) - Regional Industry Research
13.5 Bugles Market 2019-2024 ($M) - Regional Industry Research
13.6 Gehls Market 2019-2024 ($M) - Regional Industry Research
13.7 Vans Foods Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Vegan Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Vegan Market 2019-2024 ($M) - Regional Industry Research
15.2 GMO-Free Market 2019-2024 ($M) - Regional Industry Research
15.3 Gluten-Free Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Cornitos Market 2019-2024 ($M) - Regional Industry Research
16.2 Doritos Market 2019-2024 ($M) - Regional Industry Research
16.3 Act Ii, Beanitos Market 2019-2024 ($M) - Regional Industry Research
16.4 Latejuly Market 2019-2024 ($M) - Regional Industry Research
16.5 Bugles Market 2019-2024 ($M) - Regional Industry Research
16.6 Gehls Market 2019-2024 ($M) - Regional Industry Research
16.7 Vans Foods Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Vegan Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Vegan Market 2019-2024 ($M) - Regional Industry Research
18.2 GMO-Free Market 2019-2024 ($M) - Regional Industry Research
18.3 Gluten-Free Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Cornitos Market 2019-2024 ($M) - Regional Industry Research
19.2 Doritos Market 2019-2024 ($M) - Regional Industry Research
19.3 Act Ii, Beanitos Market 2019-2024 ($M) - Regional Industry Research
19.4 Latejuly Market 2019-2024 ($M) - Regional Industry Research
19.5 Bugles Market 2019-2024 ($M) - Regional Industry Research
19.6 Gehls Market 2019-2024 ($M) - Regional Industry Research
19.7 Vans Foods Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Vegan Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Vegan Market 2019-2024 ($M) - Regional Industry Research
21.2 GMO-Free Market 2019-2024 ($M) - Regional Industry Research
21.3 Gluten-Free Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Nachos Market Revenue, 2019-2024 ($M)
2.Canada Global Nachos Market Revenue, 2019-2024 ($M)
3.Mexico Global Nachos Market Revenue, 2019-2024 ($M)
4.Brazil Global Nachos Market Revenue, 2019-2024 ($M)
5.Argentina Global Nachos Market Revenue, 2019-2024 ($M)
6.Peru Global Nachos Market Revenue, 2019-2024 ($M)
7.Colombia Global Nachos Market Revenue, 2019-2024 ($M)
8.Chile Global Nachos Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Nachos Market Revenue, 2019-2024 ($M)
10.UK Global Nachos Market Revenue, 2019-2024 ($M)
11.Germany Global Nachos Market Revenue, 2019-2024 ($M)
12.France Global Nachos Market Revenue, 2019-2024 ($M)
13.Italy Global Nachos Market Revenue, 2019-2024 ($M)
14.Spain Global Nachos Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Nachos Market Revenue, 2019-2024 ($M)
16.China Global Nachos Market Revenue, 2019-2024 ($M)
17.India Global Nachos Market Revenue, 2019-2024 ($M)
18.Japan Global Nachos Market Revenue, 2019-2024 ($M)
19.South Korea Global Nachos Market Revenue, 2019-2024 ($M)
20.South Africa Global Nachos Market Revenue, 2019-2024 ($M)
21.North America Global Nachos By Application
22.South America Global Nachos By Application
23.Europe Global Nachos By Application
24.APAC Global Nachos By Application
25.MENA Global Nachos By Application