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