Nachos Market Determined to High Growth at a CAGR of 10.4% by 2023

High consumers’ inclination towards adoption of healthy life-style has encouraged the demand for convenience snack products. Owning to this, the sale of nachos is experiencing a surge. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Nachos Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth readily in the forecast period.

Prominent Key Players

The key players profiled in nachos market are Orendafoods (India), Greendot Health Foods Pvt Ltd. (India), Frito-Lay, Inc. (U.S.), ConAgra Brands Inc. (U.S.), Beanitos Inc. (U.S.), Late July Snacks LLC (U.S.), Late July Snacks LLC (U.S.), General Mills, Inc. (U.S.), Gehl Foods, LLC (U.S.), and Van's International Foods, Inc. (U.S.) among many others.

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Market Segmentation:

The global nachos market has been divided into type, claim, flavors, and region.
Based on Type: Fried, Baked, and Others
Based on Claim: Kosher, Organic, Gluten-Free, and Others
Based on Flavors: Barbecue, Pineapple, Tomato, Jalapeno, and Others
Based on Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis

The global nachos market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the global nachos market followed by Europe. Mexico accounts for a higher consumption of nachos as a convenience snack. Also, the global nachos consumption is rapidly growing among the hispanic population. The changing landscape of American demography creates new opportunities for the nachos market. The number of consumers preferring Mexican foods in the U.S. is growing rapidly. Nachos are popular snacks among the consumers of the U.S.

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Industry/ Innovation/ Related News:

Feb 2017 Cornitos, the flagship brand of GreenDot Health Foods Ltd has launched ‘Peri Peri’ flavored hot nacho crisps. The brand is extending the palette by including this hot-headed African flavor. ‘Peri Peri’ the popular raging flavor perfectly adds the exotic delight to the consumer’s snack time.

Aug 2016 General Mills brand Totino's has launched two new products, Totino's Pizza Sticks and Totino's Stuffed Nachos, as part of an effort to give consumers bold and diverse flavors that fit into their busy, on-the-go lifestyles.

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