India Ready-to-Eat Food Market Overview
India Ready-to-Eat Food Market is expected to witness significant growth over the coming years due to an increase in the consumption of ready-to-eat food products such as meat/poultry, instant cereals and soup & snacks among various age groups. Further, the rise in per-capita income and aggressive advertising campaigns would also boost the demand for ready-to-eat food in the forecast period (2020-2026F). However, economic slowdown due to the coronavirus (COVID-19) outbreak is expected to reduce consumer spending in the near term, thus acting as a restraint for the ready-to-eat food market in the country.
According to 6Wresearch, India Ready-to-Eat Food Market is anticipated to register growth during 2020-2026. By distribution channels, hypermarkets/supermarkets have witnessed tremendous growth in recent years due to the increase in joint ventures between foreign companies and domestic retail store brands in the country. Moreover, the government of India (GoI) has come up with the “Indian Retail Industry, 2025” initiative aimed to be the fastest-growing retail market in the world and allowing a hundred percent foreign direct investment in retail brand stores. Thus, the expansion of the hypermarkets/supermarkets due to an increase in investment would create ample opportunities for the ready-to-eat food market in India.
The India Ready-to-Eat Food market report thoroughly covers the market by product types, packaging types, distribution channels, and regions. India Ready-to-Eat Food market outlook report provides an unbiased and detailed analysis of the on-going India Ready-to-Eat Food market trends, market share, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Backed by increasing preference of the Indians towards the purchase of Ready to Eat Foods on the back of less cooking time and increased shelf-life of the product. The spread of COVID-19 is expected to hamper the growth of the India Ready to Eat Food in the coming years owing to acute food shortage and disturbance in the internal supply chain due to complete lockdown and suspension of production activities during the lockdown period across the region. However, as the spread of the virus marks slowdown, India Ready to Eat Food market is expected to gain momentum in the later part of the year 2020 as the production revives. The India food industry runs on an import-based mechanism with around $ 2 billion of spending on import of bakery products, canned food, tea, frozen beef and dairy products. The budding recovery of the tourism and increased consumer spending along with changing consumer preferences are some of the factors which are anticipated to benefit the growth of the India ready to eat food market in the upcoming six years.
Key Highlights of the Report:
- India Ready-to-Eat Food Market Overview
- India Ready-to-Eat Food Market Outlook
- India Ready-to-Eat Food Market Forecast
- Company Profiles
- Key Strategic Recommendations
- Market Drivers and Restraints
- India Ready-to-Eat Food Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis and Market Opportunity Assessment
- India Ready-to-Eat Food Market Share, By Players
- India Ready-to-Eat Food Market Overview on Competitive Benchmarking
- India Ready-to-Eat Food Market Size & Ready-to-Eat Food Market Forecast of Revenues, Until 2026
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