As the pandemic continues to challenge the market, Argus will discuss their forecast for 2022 on Tuesday, December 14th at 2 pm Eastern Time.
New York, December 10, 2021/PRNewswire/ - Technavio's latest research report on the Indian ready-to-cooking market provides a comprehensive analysis of new product launches, latest trends, drivers and challenges. The offline sector has grown its share of the ready-to-eat market in India for revenue generation. The widespread popularity of organized retail is increasing the sales of ready-to-eat foods. Supermarkets and hypermarkets are the first choice for consumers, because all categories of products are provided under one roof, which is impossible in a small store. The increase in disposable income and rapid urbanization are shifting consumers' purchasing preferences from nearby convenience stores to supermarkets and hypermarkets.
From 2021 to 2026, India's ready-to-eat market is expected to grow by US$451.57. However, the growth momentum may slow at a compound annual growth rate of 7.61%.
More insights on the Indian ready-to-eat market-download a free sample now!
Factors such as the increasing preference of the working population for convenience foods, the launch of new products and the changing retail landscape will drive the growth of the Indian ready-to-eat market. However, growing health problems may hinder market growth. The overall analysis of the driving factors and challenges will help infer the ultimate goal and improve the marketing strategy to gain a competitive advantage. India’s ready-to-eat market analysis report also provides detailed information on other upcoming trends that will have a profound impact on market growth.
India’s ready-to-eat market is fragmented, and suppliers are deploying various organic and inorganic growth strategies to participate in market competition. Some of the companies involved in this report are Bambino Agro Industries Ltd. and Gits Food Products Pvt. Ltd., Hindustan Unilever Ltd., iD Fresh Food (India) Pvt. Ltd., IndianFarm Foods Pvt. Ltd., ITC Ltd., Kohinoor Foods Ltd., MTR Foods Pvt. Ltd., Nestlé SA and REGAL KITCHEN FOODS LTD. etc.
Few companies provide key products
Bambino Agro Industries Ltd.-This company provides a variety of instant products, such as vermicelli, roasted vermicelli, instant noodles, noodles, etc.
Gitz Foods Pvt. Co., Ltd.-This company provides a variety of ready-to-eat products, such as Indian rice, kimchi, vegetable prao, masala rice and so on.
Hindustan Unilever Co., Ltd.-This company provides a wide range of ready-to-eat products, such as Hyderabadi chicken dum biryani, dal makhani, etc.
iD Fresh Food (India) Pvt. Co., Ltd.-This company offers a wide range of ready-to-eat products, such as fried idli or masala idli fry, etc.
Indian Farm Food Pvt. Co., Ltd.-This company provides a wide range of ready-to-eat products such as Rava idli, ragi idli, idli mix, etc.
The competition scenario report provided by the Indian ready-to-eat market analyzes, evaluates and positions the company based on various performance indicators. Some of the factors considered in this analysis include the company's financial performance, growth strategy, product innovation, new product launches, investment, market share growth, etc. in the past few years.
According to the distribution channel, the market is divided into offline and online
According to the type, the market is divided into instant noodles and pasta, instant soup, instant food, snacks, etc.
Related reports-Frozen Food Market-The frozen food market has the potential to grow by US$94.99 billion between 2021 and 2025, and the market growth momentum will slow at a compound annual growth rate of 6.77%. Download the free sample now!
Sugar-free food and beverage market-It is estimated that the market share of sugar-free food and beverage will increase by USD 23.56 billion from 2020 to 2025, and the market growth momentum will accelerate at a compound annual growth rate of 6.63%. Download the free sample now!
Ready to cook in the Indian market
Decelerate at a compound annual growth rate of 7.61%
Leading company, competitive strategy, scope of consumer participation
Bambino Agro Industries Ltd., Gits Food Products Pvt. Co., Ltd., Hindustan Unilever Co., Ltd., iD Fresh Food (India) Pvt. Co., Ltd., IndianFarm Foods Pvt. Ltd., ITC Ltd., Kohinoor Foods Ltd., MTR Foods Pvt. Ltd., Nestle SA and REGAL KITCHEN FOODS LTD.
Mother market analysis, market growth incentives and obstacles, fast-growing and slow-growing market segments, COVID-19 impact and future consumer dynamics, market conditions during the forecast period
If our report does not contain the data you are looking for, you can contact our analysts and customize the market segment.
Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and formulate effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, including more than 17,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.
Technavio Research Jesse Maida Head of Media and Marketing United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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