India Packaged Food Market Growth, Share, Demand & Report 2024-2032
India Packaged Food Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
The India packaged food market is driven by rising urbanization, increasing disposable incomes, and a growing preference for convenience foods, supported by expanding retail infrastructure and changing consumer lifestyles. According to the latest report by IMARC Group, India packaged food market size reached US$ 113.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 210.81 Billion by 2032, exhibiting a growth rate (CAGR) of 7.08% during 2024-2032.
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India Packaged Food Market Trends and Drivers:
The packaged food industry in India has grown rapidly. This growth stems from urbanization and changing lifestyles. Busy lives and higher incomes have increased the demand for convenient, ready-to-eat meals. Consumers now want healthier choices, leading manufacturers to create organic, gluten-free, and fortified products. E-commerce has also helped expand access to packaged foods, especially in tier-2 and tier-3 cities. Rising health awareness has boosted demand for items with clean labels and natural ingredients, pushing brands to change their products.
Another big factor is the growing impact of Western eating habits, especially among younger people. Snacking is now a major trend, with items like chips, cookies, and instant noodles becoming popular. Government efforts to promote food safety and hygiene have increased consumer trust in packaged foods. However, challenges like price sensitivity and supply chain issues still exist. Despite these obstacles, the sector is set to grow quickly, thanks to better packaging technology and the rise of modern retail formats.
We explore the factors propelling the India packaged food market growth, including technological advancements, consumer behaviors, and regulatory changes.
India Packaged Food Industry Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Bakery Products
- Dairy Products
- Beverages
- Breakfast Products
- Meals
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Retail Stores
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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