India Packaged Food Market is Booming with a CAGR of 7.08% During 2024-2032

Packaged Food Market in India 2024:

How Big is the India Packaged Food Industry?

The India packaged food market is rapidly growing, driven by urbanization, convenience demand, and rising disposable incomes. According to the latest report by IMARC Group, the market reached USD 113.9 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach USD 210.81 Billion by ​2032​, exhibiting a growth rate (CAGR) of 7.08% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 113.9 Billion
Market Forecast in 2032
US$ 210.81 Billion
Market Growth Rate 2024-20327.08%


India Packaged Food Market Trends and Drivers:

The growth of India's packaged food market is driven by evolving consumer lifestyles and increasing urbanization. As more people lead busy lives, the demand for convenient and ready-to-eat food options has surged, significantly boosting the sector. Additionally, rising disposable incomes and a shift towards nuclear families have contributed to the higher consumption of packaged foods. Consumers are also becoming more health-conscious, which has heightened the demand for healthier packaged options, such as low-calorie snacks, organic foods, and fortified products. This trend is pushing manufacturers to innovate and introduce products that meet these changing preferences. 

Key trends in the India packaged food market include the growing emphasis on product innovation and diversification. Companies are expanding their portfolios to include a variety of flavors, formats, and health-oriented products to meet the diverse tastes and preferences of Indian consumers. The market is also witnessing a rising trend towards premiumization, with consumers willing to pay more for high-quality, branded, and specialty packaged foods.

Another significant trend is the rise of e-commerce, which has made packaged foods more accessible to consumers across the country, particularly in Tier-2 and Tier-3 cities. Furthermore, the increasing awareness of food safety and hygiene is driving demand for packaged foods, as they are perceived to be safer and more hygienic than loose or unpackaged alternatives. The growing influence of Western food habits and continuous product innovation is expected to drive the growth of the India packaged food market in the coming years.

Request to Get the Sample Report: https://www.imarcgroup.com/india-packaged-food-market/requestsample

India Packaged Food Market Report Segmentation:

The India packaged food market is segmented on the basis of product type, distribution channel and region.

Breakup by Product Type:

  • Bakery Products
  • Dairy Products
  • Beverages
  • Breakfast Products
  • Meals
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retail Stores
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Top Players Analysis:

The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=20958&flag=C

Other Key Points Covered in the Report:

  • COVID-19 Impact on the Market
  • Porter's Five Forces Analysis
  • Strategic Recommendations
  • Market Dynamics
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape
  • Top Winning Strategies
  • Recent Industry News
  • Key Technological Trends & Development

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

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