India Ready-to-Eat Food Market (2024-2030) | industry, Size, Share, Forecast, Trend, Reveune, Growth, Analysis

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.

Latest 2023 Development of the India Ready-to-Eat Food Market

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 Highlights

Report Name	India Ready-to-Eat Food Market
Forecast period	2024-2030
CAGR	15.3%
Growing Sector	Food

Topics Covered in the India Ready-To-Eat Food Market Report

The India Ready-To-Eat Food Market report thoroughly covers the market by product types, by packaging types and by distribution channels. The market report provides an unbiased and detailed analysis of the ongoing market trends, 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 Synopsis

The India Ready-To-Eat Food Market is dynamic and expanding and is predicted to attain rapid growth in the coming years is attributed to factors such as growing trend of convenience and busy lifestyles, along with the increasing disposable income of consumers.

According to 6Wresearch, the India Ready-To-Eat Food Market size is expected to grow at a significant CAGR of 15.3% during the forecast period 2024-2030. This growth is fueled by factors such as the growing trend of convenience and busy lifestyles, increasing disposable income of consumers, availability of a wide variety of products and flavours, and improving packaging options. Additionally, urbanization, increased consumer spending, and rising preferences for quick and convenient meal solutions are also contributing to the rapid growth of this market. Additionally, the growing availability of a diverse range of flavors and products is also contributing to the market growth as consumers seek variety in their daily meals. The rise in disposable income among Indian consumers has also led to an increase in purchasing power, allowing them to spend more on convenience foods such as ready-to-eat meals.

Despite the benefits of Ready-To-Eat Food, there are some challenges in the Ready-To-Eat Food market. The primary challenge is the lack of awareness and acceptance among certain sections of the population. Many people still prefer traditional homemade meals over ready-to-eat options due to health concerns and taste preferences. This poses a challenge for market players to educate and promote their products effectively to increase consumer trust and acceptance.These challenges highlight the complexity and dynamic nature of the market, necessitating proactive strategies to overcome them.

India Ready-To-Eat Food Industry: Leading Players

Some of the key players operating in the India Ready-To-Eat Food Market include Haldirams, Nestle India, ITC Limited, MTR Foods, and Amul. These companies are constantly investing in research and development activities to introduce new and innovative ready-to-eat food products in the market. Currently, Haldiram's holds the largest share in the India Ready-To-Eat Food Market.

India Ready-To-Eat Food Market: Government Regulations

In India, the Food Safety and Standards Authority of India (FSSAI) is responsible for regulating and monitoring the food industry. Ready-to-eat food products are required to comply with the food safety regulations set by FSSAI, focusing on aspects like quality, packaging, labeling, preservatives, etc. It is mandatory for manufacturers to have their products tested and approved by the FSSAI before they can be sold in the Indian market.

Future Insights of the Market

The India Ready-To-Eat Food Market has been experiencing significant growth over the past few years. The future of the market depends on several factors. The growth in the market will be driven by increasing urbanization, rising disposable income, and changing consumer preferences. With a growing population and an increase in the number of working individuals, there will be a continued demand for convenient meal solutions. Additionally, advancements in technology and packaging options are expected to further drive the market growth. The introduction of healthier, organic, and sustainable ready-to-eat food options is also expected to attract health-conscious consumers, further boosting the market growth.

Market Segmentation by Product Types

According to Dhaval, Research Manager, 6Wresearch, the cereal based products segment is expected to hold the dominant share in the India ready-to-eat food market during the forecast period due to the increasing vegetarian population and demand for such meals.

Market Segmentation by Packaging Types

The frozen or chilled segment is expected to hold the dominant share in the India ready-to-eat food market. This can be attributed to the long shelf life and convenience offered by frozen or chilled food products.

Market Segmentation by Distribution Channels

The online stores segment is expected to hold the dominant share in the India ready-to-eat food market. This can be attributed to the increasing penetration of the internet and the growing trend of online shopping among consumers.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Ready-to-Eat Food Market Overview
• India Ready-to-Eat Food Market Outlook
• India Ready-to-Eat Food Market Forecast
• Historical Data of India Ready-to-Eat Food Market Revenues for the Period 2020-2030
• India Ready-to-Eat Food Market Size & Ready-to-Eat Food Market Forecast of Revenues, Until 2030
• Historical Data of India Ready-to-Eat Food Market Revenues, By Product Types, for the Period 2020-2030
• Market Size & Forecast of India Ready-to-Eat Food Market Revenues, By Product Types, Until 2030
• Historical Data of India Ready-to-Eat Food Market Revenues, By Packaging Types, for the Period 2020-2030
• Market Size & Forecast of India Ready-to-Eat Food Market Revenues, By Packaging Types, Until 2030
• Historical Data of India Ready-to-Eat Food Market Revenues, By Distribution Channels, for the Period 2020-2030
• Market Size & Forecast of India Ready-to-Eat Food Market Revenues, By Distribution Channels, Until 2030
• Market Drivers and Restraints
• India Ready-to-Eat Food Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• India Ready-to-Eat Food Market Share, By Players
• India Ready-to-Eat Food Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Types

• Meat/Poultry Products
• Cereal Based Products
• Vegetable Based Products
• Others

By Packaging Types

• Sachet
• Canned
• Boxed
• Frozen Or Chilled
• Others

By Distribution Channels

• Hypermarkets/Supermarkets
• Conveniences/Department Stores
• Specialty Stores
• Online Stores
• Others