India Nachos Market Size, Share, Trend and Forecast 2027 | TechSci Research

1. FY2017–FY2027 INDIA NACHOS MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Nachos Nachos is a part of Mexican cuisine and is often served as snack or appetizer. It is a dish consisting of tortilla chips usually served with toppings such as melted cheese, jalapeno, hot peppers and with other savory toppings. Market Segmentation NACHOS MARKET TYPE Fried Baked Others REGION North South East West Year Range • • • • Review Period • • FY2017 – FY2020 • Base Year DISTRIBUTION CHANNEL Supermarket/Hypermarket Convenience Stores Online Others • FY2021 • Estimated Year • FY2022 • Forecast Period FY2023 – FY2027 2

3. Table of Contents S. No. Contents Page No. Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 1. 2. Research Methodology 3. Executive Summary (This chapter covers summary of the complete study.) Voice of Customer (Brand Awareness, Challenges Faced Post Purchase, Factors Influencing Purchase Decision) 4. India Nachos Market Outlook, FY2017-FY2027F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.) 5. Market Size & Forecast 5.1. 5.1.1. By Value Market Share & Forecast (The overall product of interest bifurcated/split among various segments.) 5.2. 5.2.1. By Type (Fried, Baked and Others) By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online and Others) 5.2.2. 5.2.7. By Company (FY2021) 5.2.8. By Region ( North, South, East, West ) Product Market Map (By Type, By Distribution Channel, By Region) 5.3. 3

4. Table of Contents S. No. Contents Page No. 6. India Fried Nachos Market Outlook Market Size & Forecast 6.1. 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Distribution Channel 6.2.2. By Region 6.3. Product Benchmarking 7. India Baked Nachos Market Outlook Market Size & Forecast 7.1. 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Distribution Channel 7.2.2. By Region 7.3. Product Benchmarking 8. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 8.1. Drivers 8.2. Challenges Market manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development) Trends & Developments (This section captures recent trends pertaining to 9. 10. Policy & Regulatory Landscape 11. India Economic Profile 4

5. Table of Contents S. No. Contents Page No. 12. Impact of COVID-19 on India Nachos Market 13. Competitive Landscape Competition Outlook 13.1. 13.2. Company Profiles 13.2.1. Company Details 13.2.2. Products & Services 13.2.3. Financials (As Reported) 13.2.4. Key Market Focus & Geographical Presence 13.2.5. Recent Developments 13.2.6. Key Management Personnel 14. Strategic Recommendations 15. About Us & Distributor 5

6. RESEARCH METHODOLOGY

7. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth research conducted determine top players in the India Nachos market, market size segmental size. secondary The scrutinized using MS- Excel, statistical tools and proprietary to obtain and quantitative insights about India Nachos market. data was Data obtained as a result primary secondary research validated through rigorous triangulation. TechSci conducted interviews industry and players for collection verification. In conduct experts’ interviews, TechSci formulated detailed discussion guide. order to List players industry specialists developed. of industry was to of with industry and and experts industry data internal database qualitative was was a overall and market and the Primary Research Desk Research Company Analysis Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources ✓ LinkedIn ✓ TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 7

8. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India nachos market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India nachos market. Methodology Followed for Calculation of Market Size: Market Size By Value : Market size, in terms of value, for the year FY2021 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as nachos companies, end users, industry experts, and other industry participants. The team interviewed more than 40 – 50 companies, 180 – 200 end users, and 15 – 20 industry experts and other value chain stakeholders in • the India nachos market to obtain the overall market size from FY2017 to FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2017-FY2021. Respondents were asked about the current and future market growth rates, market shares by type, by distribution channel, by region and by • company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. 8

9. Research Methodology Methodology Followed for Calculation of Market Shares: Market shares by type, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of nachos market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India Nachos • market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 9

10. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ PepsiCo (India) Holdings Pvt. Ltd (Doritos) ▪ World Bank ▪ Greendot Health Foods Pvt Ltd (Cornitos) ▪ TechSci Research Proprietary Database & Knowledge ▪ AgroTech Foods Limited (Act II) Repository ▪ Wellversed Health Private Limited (Ketofy) ▪ Company Annual Reports ▪ Recorn Foods Pvt Ltd (Makino) ▪ Industry Magazines ▪ Daawat-Kameda (India) Private Limited (Kari ▪ Industry Reports Kari) ▪ Statista ▪ Haldiram Foods International Pvt Ltd (Mexilla) ▪ News Dailies ▪ Orenda Foods Pvt Ltd (el dorado) ▪ Credible Paid Databases ▪ AVT Gavia Foods Pvt Ltd (Salsalito) 10

11. Industry Brief According to TechSci report on, “India Nachos Market By Type (Fried, Baked, and Others), By Distribution Channel (Supermarket /Hypermarket, Convenience Stores, Online and Others), By Region (South, West, North, East), Competition Forecast & Opportunities, FY2027”, India nachos market has shown promising growth in historical years until FY2021 and is expected to continue its growth in upcoming forecast years. The market growth can be attributed to the factors like inclination of the young population of the country towards distinct, and new products available in the market. Moreover, the influence of the hectic and scheduled lives of the young generation of the country, they are more susceptible to pick a preferred or a random snack over complete meals. Also, the change in the eating habits of the consumers is highly influencing the market growth in the upcoming five years. The youth population is working class as well as holds enough disposable income. The increasing busy schedules of the young population along with the increased disposable income is anticipated to drive the India nachos market in the upcoming five years, until FY2027. Furthermore, rapidly growing chains of fast food retailers are expected to boost the growth of the market in the next five years. Market trends show that the consumers are demanding variant snacks. In such times, a cross-culture snack is a major turnover for the market. Nachos are tortilla chips that are served along with dips, sauces, etc. the variant spices and flavors are actively influencing the consumer’s purchase decision. Indian chips are majorly owned by potato chips and banana chips that are traditional as well as modern that may put a minor refrain on the India nachos market. Although, if the market players focus on creating more Indian-Mexican culture influenced products and increasing flavor variant would act as an aggressive driver of the exponential growth of the market. Although, Indian market of chips has become saturated as there are more or less similar products in the market which has created a vacuum for nachos to enter the snack industry in India, thus making nachos a preferred option for the consumers. Also, health conscious consumers are choosing baked nachos over the otherwise available fried snacking products, thereby influencing the growth of the India nachos market in the upcoming five years. The report on India nachos market is segmented by type, by distribution channels and by region. Based on type, the segments are fried, baked and others. With an increase in health conscious consumers, baked nachos are a favorable option in the future, although fried nachos have shown its dominance in the India nachos market and are expected to grow with same pace in the future as well. Baked nachos offer the advantages of a healthier option to snacking. Although a wide range of Indian snacks include variant spices and fried content that often gets spoiled easily if not stored properly. Lack of attention often drives consumers in consuming expired or outdated products. Baked nachos may provide a healthier option since no frying oil is included in their manufacturing. Also, for the concerned consumers, less amount of fat, and carbohydrate content is a major reason behind product selection, thus the market is anticipated to show an impressive growth in the future. Although, fried nachos are also expected to hold the significant shares of the market owing to the flavor. Indian economy was widely affected by the pandemic that set foot in early FY2021. India nachos market was not untouched, either. While observing the lockdown, consumers were not able to visit multiple distribution channels and could only order the snacks online. The online retail is expected to gain major revenue shares thus driving the growth of India nachos market in the forecast yeas. After observing a setback, nachos market is expected to revisit its growth and show a promising future. Furthermore, increasing popularity for snack items and preference to multiple flavors drives the nachos market’s growth as well. 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. “India nachos market is expected to witness significant growth during the forecast period. Moreover, improvisations in the processing and production technologies are likely to influence the India nachos market towards growth. New investors may explore these production technologies and processes to influence their businesses,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 11

12. Sample Data - Snapshot India Nachos Market Size, By Value (USD Million), FY2017–FY2027F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR By Value XX% FY2017 FY2021 FY2022E FY2027F CAGR By Value YY% India Nachos Market Share, By Type, By Value, FY2017–FY2027F Fried Baked Others FY2027F 30% 40% 30% FY2026F 30% 40% 30% FY2025F 30% 40% 30% FY2024F 30% 40% 30% FY2023F 30% 40% 30% FY2022E 30% 40% 30% FY2021 30% 40% 30% FY2020 30% 40% 30% FY2019 30% 40% 30% FY2018 30% 40% 30% 30% India Nachos Market Share, By Distribution Channel, By Value, FY2017–FY2027F 40% 30% FY2017 Supermarket/Hypermarket Convenience Stores Online Others FY2027F 25% 25% 25% 25% FY2026F 25% 25% 25% 25% FY2025F 25% 25% 25% 25% FY2024F 25% 25% 25% 25% FY2023F 25% 25% 25% 25% FY2022E 25% 25% 25% 25% FY2021 25% 25% 25% 25% FY2020 25% 25% 25% 25% FY2019 25% 25% 25% 25% FY2018 25% 25% 25% 25% 25% 25% 25% 25% FY2017 12

13. Report Ordering Report Name: INDIA NACHOS MARKET FORECAST & OPPORTUNITIES FY2017–FY2027 License Type Single User License Price $3500 Multi-User License Custom Research License $4500 $7500 To View Sample OR Purchase Report 13

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