Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape
|Product Code: ETC002621||Publication Date: Mar 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
India Ready-to-Eat Food market report thoroughly covers the market by product types, packaging types, distribution channels, and regions. India Ready-to-Eat Food market outlook report provides an unbiased and detailed analysis of the ongoing India Ready-to-Eat Food market trends, market share, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Ready-to-Eat Food Market is projected to grow in the forthcoming years on the back of busy lifestyles, rising disposable incomes, and a growing awareness of the benefits of RTE foods. There has been a growing trend towards healthier convenience food options, which has led to an increase in demand for products that are low in fat and free from sugar. The COVID-19 pandemic has also had a significant impact on the ready-to-eat food industry in India with many consumers turning to ready to eat food products as an innocuous and suitable food option throughout the lockdowns. Overall, the ready to eat food market in India is proliferating and it is being driven by rapid urbanization and changing consumer lifestyles.
Moreover, the partnership between ITC and Domino's Pizza to launch a range of ready-to-eat pizzas, pasta, and desserts under the 'ITC Master Chef' brand is one of the major developments of this market. Also, the Haldiram's announced plans to expand its range of ready-to-eat food products and increase its production capacity to meet the growing demand for convenience food products. Furthermore, many companies in the ready-to-eat food market in India are using innovative packaging to increase the shelf life of their products and improve their appeal to consumers. Thus, driving the market share of ready to eat food in India.
India Ready-to-Eat Food Market Synopsis
India Ready-to-Eat Food Market is expected to witness significant growth over the coming years due to an increase in the consumption of ready-to-eat food products such as meat/poultry, instant cereals, and soup & snacks among various age groups. Further, the rise in per-capita income and aggressive advertising campaigns would also boost the demand for ready-to-eat food in the forecast period (2020-2026F).
According to 6Wresearch, India Ready-to-Eat Food Market is anticipated to register growth during 2020-2026. The government of India has come up with the “Indian Retail Industry, 2025” initiative aimed to be the fastest-growing retail market in the world and allow a hundred per cent foreign direct investment in retail brand stores. Thus, the expansion of the hypermarkets/supermarkets due to an increase in investment would create ample opportunities for the ready-to-eat food market in India. The growing food and beverage industry coupled with a busy life schedule is driving the ready-to-eat food industry. Moreover, the surging working population and enhancing the spending power of the population are further propelling the development of the market.
Increasing preference of the Indians towards the purchase of Ready Eat Foods due to their increased shelf-life and time-saving nature. The India food industry runs on an import-based mechanism with around $ 2 billion of spending on the import of bakery products, canned food, tea, frozen beef, and dairy products. The budding recovery of tourism and increased consumer spending along with changing consumer preferences are some of the factors which are anticipated to benefit the growth of India ready-to-eat food market in the upcoming six years.
India Ready-To-Eat Food Market size
India Ready to eat food market is projected to witness optimistic growth during the forecast period 2021-27F on the back of the rising working population where ready-to-eat food items like sandwiches become the idle choice for consumers and are estimated to Instigate ready to eat food consumption in the country. Additionally, the top-selling categories are smoked fish and precooked meat which is been mostly consumed in Kerala and goa underpinned by the rising expatriate population, and tourists visit is expected to proliferate the demand for ready-to-eat food and this driver acts as a growth proliferating factor is estimated to secure the substantial growth of India ready to eat food market in the forthcoming years. Also, the Ready-To-Eat Food Market size in India is estimated to be around USD XXX million. However, the market is expected to grow significantly in the coming years, with a projected CAGR of around XX% during the forecast period.
COVID-19 influence on India Ready-to-Eat Food Market
The COVID-19 pandemic has led to an economic slowdown and reduced consumer spending in the ready to eat industry in India. The spread of COVID-19 is expected to hamper the growth of India Ready to Eat Food in the coming years owing to acute food shortage and disturbance in the internal supply chain due to the complete lockdown and suspension of production activities during the lockdown period across the region. However, as the spread of the virus marks a slowdown, India Ready to Eat Food market is expected to gain momentum in the latter part of the year 2020 as production revives.
Market analysis by distribution channels
Based on distribution channels, hypermarkets/supermarkets are expected to register the highest growth rate in the overall India Ready to Eat Food market during the projected period owing to rising preferences of the consumers towards purchasing the food physically present coupled with ease of shopping along with rebates and product offerings provided by the hyper stores.
Market analysis by types
Based on types, canned and frozen beef are anticipated to dominate the revenues in the overall India Ready to Eat Food market in the coming years owing to concerns regarding the consumption of hygienic food.
The India Ready-to-Eat Food Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1. Report Description|
|2.2. Key Highlights|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. India Ready-to-Eat Food Market Overview|
|3.1. India Ready-to-Eat Food Market Revenues, 2016-2026F|
|3.2. India Ready-to-Eat Food Market – Industry Life Cycle|
|3.3. India Ready-to-Eat Food Market – Porter’s Five Forces|
|3.4. India Ready-to-Eat Food Market Revenue Share, By Product Types, 2019 & 2026F|
|3.5. India Ready-to-Eat Food Market Revenue Share, By Packaging Types, 2019 & 2026F|
|3.6. India Ready-to-Eat Food Market Revenue Share, By Distribution Channels, 2019 & 2026F|
|3.7. India Ready-to-Eat Food Market Revenue Share, By Regions, 2019 & 2026F|
|4. India Ready-to-Eat Food Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. India Ready-to-Eat Food Market Trends|
|6. India Ready-to-Eat Food Market Overview, By Product Types|
|6.1. India Meat/Poultry Ready-to-Eat Food Market Revenues, 2016-2026F|
|6.2. India Cereal Based Ready-to-Eat Food Market Revenues, 2016-2026F|
|6.3. India Vegetables Based Ready-to-Eat Food Market Revenues, 2016-2026F|
|6.4. India Other Ready-to-Eat Food Market Revenues, 2016-2026F|
|7. India Ready-to-Eat Food Market Overview, By Packaging Types|
|7.1. India Sachet Packaging Ready-to-Eat Food Market Revenues, 2016-2026F|
|7.2. India Boxed Packaging Ready-to-Eat Food Market Revenues, 2016-2026F|
|7.3. India Canned Packaging Ready-to-Eat Food Market Revenues, 2016-2026F|
|7.4. India Frozen or Chilled Packaging Ready-to-Eat Food Market Revenues, 2016-2026F|
|7.5. India Other Packaging Ready-to-Eat Food Market Revenues, 2016-2026F|
|8. India Ready-to-Eat Food Market Overview, By Distribution Channels|
|8.1. India Ready-to-Eat Food Market Revenues, By Convenience/Departmental Stores, 2016-2026F|
|8.2. India Ready-to-Eat Food Market Revenues, By Online Stores, 2016-2026F|
|8.3. India Ready-to-Eat Food Market Revenues, By Specialty Stores, 2016-2026F|
|8.4. India Ready-to-Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F|
|8.5. India Ready-to-Eat Food Market Revenues, By Other Distribution Channels, 2016-2026F|
|9. India Ready-to-Eat Food Market Overview, By Regions|
|10. India Ready-to-Eat Food Market Key Performance Indicators|
|11. India Ready-to-Eat Food Market Opportunity Assessment|
|11.1. India Ready-to-Eat Food Market Opportunity Assessment, By Product Types, 2026F|
|11.2. India Ready-to-Eat Food Market Opportunity Assessment, By Packaging Types, 2026F|
|11.3. India Ready-to-Eat Food Market Opportunity Assessment, By Distribution Channels, 2026F|
|12. India Ready-to-Eat Food Market Competitive Landscape|
|12.1. India Ready-to-Eat Food Market Revenue Share, By Company, 2019|
|12.2. India Ready-to-Eat Food Market Competitive Benchmarking, By Technical Parameters|
|13. Company Profiles|