PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1539215
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1539215
India Packaged Food Market, By Type; By Distribution Channel; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Packaged Food Market Size Booming to Touch USD 116 Billion and Volume of 69 Million Tons by 2030
India Packaged Food Market is flourishing due to high disposable incomes, busy lifestyles, a growing workforce, and an expanding retail sector.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Packaged Food Market size by value at USD 76.28 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Packaged Food Market size to expand at a CAGR of 6.2% reaching a value of USD 116 billion by 2030. The Packaged Food Market in India is propelled by rising demand for healthier and convenient food options. Consumers are increasingly shifting towards low-salt, low-sugar, and nutrition-fortified packaged foods due to heightened health awareness. Urbanization, rising incomes, and an increasing number of working women are accelerating the demand for prepackaged and ready-to-eat foods, particularly in urban centers. The food processing industry in India, which ranks sixth globally in terms of production and growth prospects, plays a crucial role in this expansion.
By volume, BlueWeave estimated India Packaged Food Market size at 52.05 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Packaged Food Market size by volume is projected to grow at a CAGR of 4.2% reaching the volume of 69 million tons by 2030. The market is driven by evolving lifestyles, with consumers seeking products that align with regional tastes and dietary preferences. The snack food segment, in particular, holds substantial growth potential. Growing health consciousness has prompted manufacturers to focus on nutritional value and organic ingredients. Government initiatives aimed at improving food safety and regulatory standards also contribute to increased consumer confidence and market growth.
Opportunity - Rising demand for healthy packaged foods
The rising demand for healthy packaged foods is significantly influencing the growth of India Packaged Food Market. As Indian consumers become more health-conscious, there is a notable shift towards low-salt, low-sugar, and nutrition-fortified options. This trend, driven by concerns over obesity, diabetes, and other health issues, is reflected in increased sales of such products. Companies are responding by improving product formulations, reducing harmful ingredients, and enhancing nutritional value without compromising on taste. For instance, Britannia has reduced sugar and sodium content across its portfolio, while ITC is focusing on millet-based products. This growing consumer preference for healthier alternatives presents a substantial opportunity for market expansion, prompting both established and new players to innovate and align with evolving dietary trends. The shift underscores a broader movement towards healthier eating and represents a key driver for the Packaged Foods Market in India.
Impact of Escalating Geopolitical Tensions on India Packaged Food Market
Intensifying geopolitical tensions can have a multifaceted impact on India Packaged Food Market. Uncertainties stemming from geopolitical instability can disrupt supply chains and increase production costs by affecting the availability of raw materials and imposing trade barriers. Such disruptions can lead to higher prices and potential shortages, complicating market dynamics. Furthermore, geopolitical instability may deter foreign investment and hinder international trade relations, impacting market expansion and profitability. Economic uncertainty resulting from these tensions could also reduce consumer spending and shift demand towards more affordable options, creating challenges for sustained market growth.
Regional Analysis
North India holds the leadership position in India Packaged Food Market and is also expected to maintain its dominance over the forecast period. The region's strong food production, particularly in dairy and fruits, bolsters a vibrant food processing industry. Rising disposable incomes and shifting food preferences, especially among the working population, are increasing the demand for processed foods. Moreover, North India's rich supply of raw materials fuels further industry expansion. The sector is diversifying, with growth observed in both commodity-based and value-added products. As many food product markets in the region remain untapped, there are considerable prospects for continued development and investments.
Competitive Landscape
India Packaged Food Market is fragmented, with numerous players serving the market. The key players dominating India Packaged Food Market include ADF Foods Ltd, Nestle India Ltd, Hatsun Agro Products, Britannia Industries Ltd, DFM Foods Ltd, Hindustan Foods Ltd, MTR Foods, Unilever, ITC Limited, and Parle. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Packaged Food Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Packaged Food Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Packaged Food Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising disposable income and busy lifestyles
- 3.2.1.2. Growing working population
- 3.2.1.3. Expanding retail sector
- 3.2.1.4. Increasing preference for convenience
- 3.2.2. Restraints
- 3.2.2.1. Fluctuating price of packaged foods
- 3.2.2.2. Growing awareness of the health risks associated with processed foods
- 3.2.2.3. Lack of proper cold chain infrastructure
- 3.2.3. Opportunities
- 3.2.3.1. Rising demand for healthy packaged foods
- 3.2.3.2. Growth of e-commerce
- 3.2.3.3. Investment in cold chain infrastructure
- 3.2.4. Challenges
- 3.2.4.1. Fluctuating prices of raw materials
- 3.2.4.2. Presence of counterfeit products
- 3.2.4.3. Ensuring consistent quality across a wide range of products
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Packaged Food Market: Pricing Analysis
5. India Packaged Food Market: Marketing Strategies
6. India Packaged Food Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Bakery & Confectionary Products
- 6.2.1.2. Dairy Products
- 6.2.1.3. Snacks & Nutritional Bars
- 6.2.1.4. Beverages
- 6.2.1.5. Sauces, Dressings, & Condiments
- 6.2.1.6. Ready-to-Eat Meals
- 6.2.1.7. Breakfast Cereals
- 6.2.1.8. Processed Meats
- 6.2.1.9. Rice, Pasta, & Noodles
- 6.2.1.10. Ice Creams & Frozen Novelties
- 6.2.1.11. Others (including Organic Foods, Plant-based & Vegan Foods)
- 6.2.2. By Distribution Channel
- 6.2.2.1. Supermarkets & Hypermarkets
- 6.2.2.2. Convenience Store
- 6.2.2.3. Online
- 6.2.2.4. Others (including Specialty Food Stores)
- 6.2.3. By Region
- 6.2.3.1. North India
- 6.2.3.2. South India
- 6.2.3.3. East India
- 6.2.3.4. West India
- 6.2.1. By Type
7. North India Packaged Food Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Distribution Channel
8. South India Packaged Food Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Distribution Channel
9. East India Packaged Food Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Distribution Channel
10. West India Packaged Food Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Distribution Channel
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Packaged Food Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operation Channel Parameters
- 11.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Packaged Food Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. ADF Foods Ltd
- 13.2. Nestle India Ltd
- 13.3. Hatsun Agro Products
- 13.4. Britannia Industries Ltd
- 13.5. DFM Foods Ltd
- 13.6. Hindustan Foods Ltd
- 13.7. MTR Foods
- 13.8. Unilever
- 13.9. ITC Limited
- 13.10. Parle
- 13.11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Packaged Food Market Segmentation
- Figure 2 India Packaged Food Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 6 India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 7 India Packaged Food Market Share, By Region, By Value (USD Billion) 2019-2030
- Figure 8 North India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Figure 9 North India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 10 North India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 11 South India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Figure 12 South India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 13 South India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 14 East India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Figure 15 East India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 16 East India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 17 West India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Figure 18 West India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 19 West India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
List of Tables
- Table 1 India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 3 India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 4 India Packaged Food Market Share, By Region, By Value (USD Billion) 2019-2030
- Table 5 North India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Table 6 North India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 7 North India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 8 South India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Table 9 South India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 10 South India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 11 East India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Table 12 East India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 13 East India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 14 West India Packaged Food Market Size, By Value (USD Billion), 2019-2030
- Table 15 West India Packaged Food Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 16 West India Packaged Food Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 17 ADF Foods Ltd Company Overview
- Table 18 ADF Foods Ltd Financial Overview
- Table 19 Nestle India Ltd Company Overview
- Table 20 Nestle India Ltd Financial Overview
- Table 21 Hatsun Agro Products Company Overview
- Table 22 Hatsun Agro Products Financial Overview
- Table 23 Britannia Industries Ltd Company Overview
- Table 24 Britannia Industries Ltd Financial Overview
- Table 25 DFM Foods Ltd Company Overview
- Table 26 DFM Foods Ltd Financial Overview
- Table 27 Hindustan Foods Ltd Company Overview
- Table 28 Hindustan Foods Ltd Financial Overview
- Table 29 MTR Foods Company Overview
- Table 30 MTR Foods Financial Overview
- Table 31 Unilever Company Overview
- Table 32 Unilever Financial Overview
- Table 33 ITC Limited Company Overview
- Table 34 ITC Limited Financial Overview
- Table 35 Parle Company Overview
- Table 36 Parle Financial Overview
