Rising
urbanization, growing working population along with longer shelf life and easy
availability of ready-to-eat food products to drive India ready-to-eat food
market through 2024
According
to TechSci Research report, “India
Ready-To-Eat Food Market By Segment, By
Distribution Channel, By State, Competition, Forecast & Opportunities, 2023”, India ready-to-eat food market
is projected to grow at a CAGR of more than 16%, during 2018-2023, on account
of expanding distribution network, aggressive marketing strategies by major
ready-to eat-food manufacturers, increasing number of modern retail chains and innovation
in products offerings. Moreover, increasing urbanization, rapid development of fast food chains
coupled with longer shelf life and easy availability of frozen food products is
further anticipated to fuel growth in India ready-to-eat food market during
forecast period.
Browse 24 market data Figures spread
through 71 Pages and an in-depth TOC on "India Ready-to-Eat
Market"
India ready-to-eat food market is broadly segmented
into frozen ready-to-eat and shelf stable ready-to-eat food. The former
dominates the market and is anticipated to continue its dominance during
forecast period as well on account of high penetration rate and
easy availability of a wide variety of ready-to-eat products in different packaging formats at various retail points.
Moreover, leading market players are offering frozen food products keeping in
mind taste and preferences of consumers. Among regions, North India emerged as a
major revenue generator in India ready-to-eat food market as the region is
developing at a faster rate, which is resulting in improvement in lifestyle,
increase in per capita disposable income due to higher working population and
rise in migrant population supported by available employment opportunities. These
factors are consequently resulting into need for convenience food, which, in
turn, is increasing the sales of ready-to-eat food products in the region. The
majority of the demand in the northern region is emerging from Delhi & NCR
(National Capital Region) area. In NCR area, Gurgaon and Noida are the key
demand generators owing to existence of a large number of offices and other
commercial hubs. The working population is among the major buyers of ready-to-eat
food products in the region.
Customers
can also request for 10% free customization on this report.
“India ready-to-eat food market is growing as rising
number of consumers are gradually inclining towards easy, convenient and less
time-taking food items such as ready-to-eat food products, which include frozen
and shelf stable food items. India Ready To Eat Food Market Share, India Ready
To Eat Food Market Trends, India Ready To Eat Food Market Growth, India Ready
To Eat Food Market Analysis, India Ready To Eat Food Market Future ,Ready To
Eat Food Market ,
Ready To Eat Food Market 2023, Ready To Eat Food
Market Size. Convenience is a major factor contributing to the demand for
ready-to-eat food products in the country. Further, to promote benefits and
create awareness about frozen food products, manufacturers are investing in
marketing strategies and introducing new products in innovative packaging, which
is helping them to increase brand value as well as sales of their products. These
developments are expected to drive the market for ready-to-eat food products in
India over the next five years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Ready
To Eat Food Market By Segment, By Distribution
Channel, By State, Competition, Forecast & Opportunities, 2013 – 2023” has
evaluated the future growth potential of India ready-to-eat food
market and provides statistics and information on market structure, size, share
and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the India ready-to-eat
food market.
Browse
Related Reports
India Chocolate Market By
Type (Milk Chocolate, Dark Chocolate & White Chocolate), By Category
(Tablets, Countlines, Pouches & Bags, Boxed & Others), By Distribution
Channel, Competition Forecast & Opportunities, 2013 – 2023
India Frozen Dessert Market
By Product Type (Frozen Dessert Ice Cream, Frozen Yogurt and Others), By
Distribution Channel (Direct Selling/Wholesale Vs. Retail Sales), Competition
Forecast and Opportunities, 2013-2023
India Frozen Food Market By
Product Type (Frozen Snacks, Frozen Fruits and Vegetables, Frozen Meat, Poultry
and Seafood, and Others), By Organized Vs Unorganized, Competition Forecast and
Opportunities, 2013 – 2023
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets leading technologies and niche
applications. Our workforce of more than 100 fulltime analysts and consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
No comments:
Post a Comment