India Packaged Food Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
The India packaged food market is driven by rising urbanization, increasing disposable incomes, and a growing preference for convenience foods, supported by expanding retail infrastructure and changing consumer lifestyles. According to the latest report by IMARC Group, India packaged food market size reached US$ 113.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 210.81 Billion by 2032, exhibiting a growth rate (CAGR) of 7.08% during 2024-2032.
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India Packaged Food Market Trends and Drivers:
Packaged food industry in India has witnessed significant growth, driven by rapid urbanization and changing consumer lifestyles. Busy schedules and increasing disposable incomes have led to a surge in demand for convenient, ready-to-eat meals. Consumers are increasingly seeking healthier options, prompting manufacturers to innovate with organic, gluten-free, and fortified products. E-commerce platforms have also played a pivotal role in expanding access to packaged foods, especially in tier-2 and tier-3 cities. Additionally, rising health consciousness has fueled demand for products with clean labels and natural ingredients, pushing brands to reformulate their offerings.
Another key driver is the growing influence of western food habits, particularly among younger demographics. Snacking has become a major trend, with products like chips, cookies, and instant noodles gaining popularity. Government initiatives promoting food safety and hygiene have further boosted consumer confidence in packaged foods. However, challenges such as price sensitivity and supply chain inefficiencies remain. Despite these hurdles, the sector is expected to grow exponentially, supported by technological advancements in packaging and preservation, as well as increasing penetration of modern retail formats.
We explore the factors propelling the India packaged food market growth, including technological advancements, consumer behaviors, and regulatory changes.
India Packaged Food Industry Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Bakery Products
- Dairy Products
- Beverages
- Breakfast Products
- Meals
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Retail Stores
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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