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 | Updated Date: Dec 2024 | 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.
Report Name | India Ready-to-Eat Food Market |
Forecast period | 2025-2031 |
CAGR | 15.3% |
Growing Sector | Food |
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.
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 2025-2031. 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.
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.
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.
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.
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.
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.
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.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. India Ready-to-Eat Food Market Overview |
3.1. India Ready-to-Eat Food Market Revenues, 2021-2031F |
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, 2021 & 2031F |
3.5. India Ready-to-Eat Food Market Revenue Share, By Packaging Types, 2021 & 2031F |
3.6. India Ready-to-Eat Food Market Revenue Share, By Distribution Channels, 2021 & 2031F |
3.7. India Ready-to-Eat Food Market Revenue Share, By Regions, 2021 & 2031F |
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, 2021-2031F |
6.2. India Cereal Based Ready-to-Eat Food Market Revenues, 2021-2031F |
6.3. India Vegetables Based Ready-to-Eat Food Market Revenues, 2021-2031F |
6.4. India Other Ready-to-Eat Food Market Revenues, 2021-2031F |
7. India Ready-to-Eat Food Market Overview, By Packaging Types |
7.1. India Sachet Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.2. India Boxed Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.3. India Canned Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.4. India Frozen or Chilled Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.5. India Other Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
8. India Ready-to-Eat Food Market Overview, By Distribution Channels |
8.1. India Ready-to-Eat Food Market Revenues, By Convenience/Departmental Stores, 2021-2031F |
8.2. India Ready-to-Eat Food Market Revenues, By Online Stores, 2021-2031F |
8.3. India Ready-to-Eat Food Market Revenues, By Specialty Stores, 2021-2031F |
8.4. India Ready-to-Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2021-2031F |
8.5. India Ready-to-Eat Food Market Revenues, By Other Distribution Channels, 2021-2031F |
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, 2031F |
11.2. India Ready-to-Eat Food Market Opportunity Assessment, By Packaging Types, 2031F |
11.3. India Ready-to-Eat Food Market Opportunity Assessment, By Distribution Channels, 2031F |
12. India Ready-to-Eat Food Market Competitive Landscape |
12.1. India Ready-to-Eat Food Market Revenue Share, By Company, 2024 |
12.2. India Ready-to-Eat Food Market Competitive Benchmarking, By Technical Parameters |
13. Company Profiles |
14. Recommendations |
15. Disclaimer |