India Ready-To-Eat Food Market Overview
The India ready-to-eat food market is projected to grow at a CAGR of XXXX% over the next five years, to reach INR XXXX billion by 2021. The growth is attributed to increasing urbanization and rising disposable income among the population.
The ready-to-eat food market in India is segmented into Breakfast, Lunch, Dinner, and Snacks. Breakfast products account for the largest share of the market in India, followed by lunch and dinner. The snacks segment is expected to grow at a fastest rate during the forecast period.
The growth in the ready-to-eat food market in India is being driven by several factors such as increasing consumer spending on foods outside home and rising disposable income among urban populations. Several major players are currently active in the India ready-to-eat food market, including Britannia PLC (UK), Mondelez International Inc (US), Nestle SA (Switzerland), Coca Cola Company (US), PepsiCo Inc (US), Unilever Plc (UK), Associated British Foods PLC (UK), Mars Corporation (US), Grupo Bimbo SAB de CV (Mexico) and Kraft Heinz Co., Inc.(US).
Drivers and Restraints for the India Ready-To-Eat Food Market
The India Ready-To-Eat Food industry is estimated to grow at a CAGR of XXXX% during the forecast period and reach USD XXXX million by 2023.
The growth in the ready-to-eat food segment is owing to increasing urbanization, rising disposable income, and an increase in the number of people who are living in cities. The ready-to-eat food market is also witnessing a rise in the number of immigrants, as they are looking for convenient food options.
Some of the major players in the ready-to-eat food market include McDonald’s Corp., Burger King Worldwide Inc., Yum! Brands Inc., and Pizza Hut, among others. These companies are investing in new menu items and formats that cater to the growing preference for convenience across demographics. In addition, technological advancements such as touch screen kiosks are offering enhanced customer experiences.
There are several opportunities that the ready-to-eat food market presents for vendors. For starters, there is a wide range of products that can be offered through this market: from burgers to pizza. Additionally, there is a huge potential for expansion into newer markets such as southern India and East Asia. Furthermore, initiatives such as ‘Make It A Meal,’ which was launched by McDonald’s Corp., aim to make eating out more affordable for consumers.
Growth Forecast of the India Ready-To-Eat Food Market
The ready-to-eat food market in India is expected to grow at a CAGR of XXXX% during 2016–2021. This growth can be attributed to the increasing population and rising disposable incomes in the country.
In terms of segments, the India ready-to-eat food market is divided into breakfast, lunch, snacks, and desserts. Breakfast is the largest segment with a share of XX%, followed by lunch (XX%) and snacks (XX%). Desserts account for only XX% of the market but are growing rapidly due to increasing awareness about healthy eating habits among consumers.
The major players in the India ready-to-eat food market are Mondelez International Corporation (USA), Archer Daniels Midland Company (USA), Mars Incorporated (USA), Unilever PLC (UK), and Nestle SA (Switzerland). The key Trends that are driving this market include:
1) Rising disposable incomes: As India’s economy continues to grow, more people are able to afford higher-quality foods. This has led to an increase in demand for ready-to-eat foods that are easy to cook and consume on the go.
2) Increasing obesity rates: Obesity is becoming a major health concern in India, where over XX% of adults are obese. This is leading consumers to switch from traditional meals such as home cooked meals and snacks to ready-to-eat
Opportunities in the India Ready-To-Eat Food Market
The market is expected to grow at a CAGR of XXXX% from 2017 to 2021. The market is further segmented into sweet snacks, savory snacks, bakery products, and beverages.
The growth in the ready-to-eat food market is attributed to the increasing demand for healthy and convenient foods among consumers. Furthermore, the increased spending on luxury items such as travel and hospitality is also boosting the demand for ready-to-eat food in India. The domestic players are leading the market with a share of over XXXX% in 2016. However, the presence of multinationals such as Nestle SA (Switzerland) and PepsiCo Inc. (US) has helped these companies garner a stronghold in this market.
The key players in the India ready-to-eat food market are:
- Nestle SA (Switzerland)
- PepsiCo Inc. (US)
- Tata Global Beverages Ltd. (India)
- The Coca-Cola Company (US)
- Heinz AG (Germany)
The key regions that are witnessing the highest growth in the ready-to-eat food market are North India, South India, and West India. North India is expected to lead the market with a CAGR of XXXX% from 2017 to 2021. The increase in the demand for savory snacks is attributed to the growing popularity of fast food chains such as McDonald’s and KFC in this region. South India is expected to be the second largest market with a CAGR of XXXX% over the same period. The growth in this region is mainly driven by the increasing demand for bakery products and beverages. West India is expected to witness the highest growth rate of XXXX% during 2017-2021 owing to the proliferation of fast food chains such as Dunkin’ Donuts and Starbucks in this region.
Trends in the India Ready To Eat Food Market
The ready-to-eat food market in India is estimated to be valued at Rs. XXXX crore in 2015 and is expected to grow at a CAGR of XXXX% over the forecast period 2015-2020.
There are several reasons for the growth of the market. Firstly, there is an increasing demand for convenience foods among consumers. Secondly, the growing population and rising disposable incomes are resulting in increased spending on fast food and quick snacks. And lastly, the increasing awareness about health and fitness among people is fueling the demand for healthy meal options.
Some of the key players in the India ready-to-eat food market include McDonald’s India Pvt Ltd., Yum! Brands India Pvt Ltd., PepsiCo India Holding Pvt Ltd., Subway Restaurants India Pvt Ltd., Dominos Pizza India Pvt Ltd., and KFC Corporation India Limited. These companies are focusing on expanding their operations into rural areas and boosting their presence in nonmetro cities. They are also focusing on developing new products such as pizza, burgers, wraps, and salads to appeal to a wider range of consumers.
