Product Code: ETC187596 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
India Spray Dried Food Market registered a growth of 0.38% in value shipments in 2022 as compared to 2021 and a decrease of -0.76% CAGR in 2022 over a period of 2017. In Spray Dried Food Market India is becoming less competitive as HHI index in 2022 was 2890 while in 2017 it was 2536. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Spray Dried Food Market.
The India spray dried food market is expected to grow at a CAGR of 7.6% during the forecast period from 2023 to 2029, owing to increasing demand for convenience foods and growing awareness about the health benefits associated with these products. The changing dietary patterns of people are also playing an important role in driving the growth of this market. In addition, rising disposable incomes and increased focus on reducing wastage by opting for preservative-free formulations are further contributing to the growth of this market.
Growing Demand for Ready-to-Eat Meals: The growing preference of customers towards convenient and ready-to-eat meals has been a major factor driving the spray dried food market in India. This rise can be attributed mainly due to busy lifestyles leading people into opting for quick meal solutions. Various benefits associated with these products such as long shelflife, easy storage, high nutritive content make them attractive amongst customers which further drives its demand across different age groups including children, adults etc. Rising Health Awareness amongst Consumers: With rising health consciousness among consumers regarding consumption of organic ingredients; several manufacturers have increased their focus towards producing products with natural ingredients along with added vitamins & minerals that could fulfill daily dietary needs of individuals especially lactose intolerant people who prefer dairy free beverages or those allergic to milk proteins choose alternatives like soy milk or almond based beverages which they find beneficial from a health perspective thereby propelling demand within this sector.
High energy costs due to large amount of electricity required during processing may pose as a challenge hindering industry expansion rate during upcoming years. Moreover availability of high quality raw materials at competitive prices along with stringent regulatory framework imposed on international trade activities might impede business operations further limiting revenue generation potentials of existing players operating within IndiaMarket space ?
Some prominent players operating within IndiaSpray Dried Food Market include Nestle India Limited , Amul , GlaxoSmithKline Consumer Healthcare Ltd , ITC Limited , Kraft Heinz India Pvt Ltd , Mondelez International Incorporated Arla Foods amba Private Limited amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Spray Dried Food Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Spray Dried Food Market Revenues & Volume, 2020 & 2030F |
3.3 India Spray Dried Food Market - Industry Life Cycle |
3.4 India Spray Dried Food Market - Porter's Five Forces |
3.5 India Spray Dried Food Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Spray Dried Food Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 India Spray Dried Food Market Revenues & Volume Share, By Category, 2020 & 2030F |
4 India Spray Dried Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Spray Dried Food Market Trends |
6 India Spray Dried Food Market, By Types |
6.1 India Spray Dried Food Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Spray Dried Food Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 India Spray Dried Food Market Revenues & Volume, By Fruit, 2020-2030F |
6.1.4 India Spray Dried Food Market Revenues & Volume, By Fish, 2020-2030F |
6.1.5 India Spray Dried Food Market Revenues & Volume, By Beverage, 2020-2030F |
6.1.6 India Spray Dried Food Market Revenues & Volume, By Dairy Products, 2020-2030F |
6.1.7 India Spray Dried Food Market Revenues & Volume, By Vegetable, 2020-2030F |
6.1.8 India Spray Dried Food Market Revenues & Volume, By Meat & Sea Food, 2020-2030F |
6.1.9 India Spray Dried Food Market Revenues & Volume, By Other Types, 2020-2030F |
6.1.10 India Spray Dried Food Market Revenues & Volume, By Other Types, 2020-2030F |
6.2 India Spray Dried Food Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Spray Dried Food Market Revenues & Volume, By Bakery Products, 2020-2030F |
6.2.3 India Spray Dried Food Market Revenues & Volume, By Infant Formulas, 2020-2030F |
6.2.4 India Spray Dried Food Market Revenues & Volume, By Snacks, 2020-2030F |
6.2.5 India Spray Dried Food Market Revenues & Volume, By Confectionery, 2020-2030F |
6.2.6 India Spray Dried Food Market Revenues & Volume, By Other Applications, 2020-2030F |
6.3 India Spray Dried Food Market, By Category |
6.3.1 Overview and Analysis |
6.3.2 India Spray Dried Food Market Revenues & Volume, By Specialist Retailers, 2020-2030F |
6.3.3 India Spray Dried Food Market Revenues & Volume, By Supermarkets and Hypermarkets, 2020-2030F |
6.3.4 India Spray Dried Food Market Revenues & Volume, By Independent Retailers, 2020-2030F |
6.3.5 India Spray Dried Food Market Revenues & Volume, By Other End Users, 2020-2030F |
7 India Spray Dried Food Market Import-Export Trade Statistics |
7.1 India Spray Dried Food Market Export to Major Countries |
7.2 India Spray Dried Food Market Imports from Major Countries |
8 India Spray Dried Food Market Key Performance Indicators |
9 India Spray Dried Food Market - Opportunity Assessment |
9.1 India Spray Dried Food Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Spray Dried Food Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 India Spray Dried Food Market Opportunity Assessment, By Category, 2020 & 2030F |
10 India Spray Dried Food Market - Competitive Landscape |
10.1 India Spray Dried Food Market Revenue Share, By Companies, 2023 |
10.2 India Spray Dried Food Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |