India Ready To Eat Market Overview
Ready-to-eat or RTE food products are defined as that form of animal or plant derived food that can be offered to the customer after being washed, cooked, frozen and processed. RTE food items are already prepared and can be consumed only after heating. Such products are convenient for the consumers since it saves both time and energy. The concept of RTE food was introduced in India in 1987 by a Pune based company named Tasty Bites Eatables.
India Ready To Eat Market Dynamics
Increased tourism and changing food habits
RTE items have gained popularity due to busy lifestyles, increased tourism and changing food habits across India. Currently, the RTE items are considered to be the largest segment of the overall food industry comprising both conventional and non-conventional products. Over time, the Indian RTE products, especially the cereal, vegetable and meat based items have shown significant demand among the non-resident Indians.
Income and population growth
The average income level of Indians have been increasing in the recent years. In addition to it, nowadays, both men and women work. As a result, the number of people earning in a given family is increasing. This has in turn raised the per capita spending capacity. These factors are increasing the average consumption of RTE products in India. The fast changing urban lifestyle and the new trend of living away from home for studying and employment purposes have eventually resulted to the growing demand of RTE food in India.
Lack of effective product distribution system
The Indian food processing market faces serious problem due to the lack of effective product distribution system. Also, the elderly population of the country has a negative perception about the nutritional value of packaged RTE products. Such mind-set and increased health concern among Indians are affecting consumer behavior adversely.
India Ready To Eat Market Segmentation
The India ready to eat market is segmented based on type and region.
On the basis of type, the India ready to eat market is segmented into instant breakfast/cereals, instant soups & snacks, ready meals, baked goods, meat products, and others. The instant breakfast/cereals segment is expected to grow over forecast period of time and boost the targeted market. On the basis of distribution channel the targeted market is segmented into hypermarkets / supermarkets, convenience stores, food specialty stores, departmental stores, online retailers, and others. The hypermarkets/supermarkets holds the largest share of the market and near future the food specialty stores is expected to grow at a significant CAGR over forecast period of time.
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Million & CAGR from 2024 to 2034 |
Market Segmentation |
By Product Type- Instant Breakfast/Cereals, Instant Soups & Snacks, Ready Meals, Baked Goods, Meat Products, and Others By Distribution Channel- Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, and Others |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the India ready to eat market report based on product type, and distribution channel:
India Ready to Eat Market, By Type:
- Instant Breakfast/Cereals
- Instant Soups & Snacks
- Ready Meals
- Baked Goods
- Meat Products
- Others
India Ready to Eat Market, By Distribution Channel:
- Hypermarkets / Supermarkets
- Convenience Stores
- Food Specialty Stores
- Departmental Stores
- Online Retailers
- Others
India Ready To Eat Market Key Players
The key players operating the India Ready to Eat Market includes ADF Foods Ltd., ITC Ltd., Kohinoor Foods Ltd., Venky’s India Ltd., Aakriti Foods Pvt. Ltd., Haldiram Manufacturing Company Pvt. Ltd., Vadilal Industries Ltd., Ushodaya Enterprises Pvt. Ltd., MTR Foods Pvt. Ltd. and Gits Food Products Pvt. Ltd. For instance, On 17 February, 2020 ITC brought its frozen food range to the retail space. ITC chief executive announced to garnering 15-20% share in next three years in the product segment. On October 4, 2017, Haldiram's All Set To Add New Flavor To Its Frozen Food Range With Tempting Kebabs and Desi Wraps.
India Ready To Eat Market Company Profile
- ADF Foods Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ITC Ltd.
- Kohinoor Foods Ltd.
- Venky’s India Ltd.
- Aakriti Foods Pvt. Ltd.
- Haldiram Manufacturing Company Pvt. Ltd.
- Vadilal Industries Ltd.
- Ushodaya Enterprises Pvt. Ltd.
- MTR Foods Pvt. Ltd.
- Gits Food Products Pvt. Ltd.
“*” marked represents similar segmentation in other categories in the respective section
India Ready To Eat Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings— Outlook for India Ready to Eat Testing Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
- Instant Breakfast/Cereals
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Instant Soups & Snacks
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Ready Meals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Baked Goods
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Microbiological Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Meat Products
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Instant Breakfast/Cereals
- Market Segmentation, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Hypermarkets / Supermarkets
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Convenience Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Food Specialty Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Departmental Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Online Retailers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- ADF Foods Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ITC Ltd.
- Kohinoor Foods Ltd.
- Venky’s India Ltd.
- Aakriti Foods Pvt. Ltd.
- Haldiram Manufacturing Company Pvt. Ltd.
- Vadilal Industries Ltd.
- Ushodaya Enterprises Pvt. Ltd.
- MTR Foods Pvt. Ltd.
- Gits Food Products Pvt. Ltd.
- ADF Foods Ltd.
- The Last Word
- Future Impact
- About Us
- Contact
India Ready To Eat Market Highlights
FAQs
The India Ready to Eat Market is segmented into Product Type, Distribution Channel
Various factors, including the increasing urbanization, busy lifestyles, changing consumer preferences, and the convenience of ready-to-eat meals, are driving the growth of the India Ready to Eat Market.
The India Ready to Eat Market faces challenges such as concerns related to preservatives and additives in certain ready-to-eat products, the need for proper storage and transportation infrastructure, and cultural differences impacting the acceptance of specific food items, which act as restraints on its global expansion.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to witness a significantly high revenue share over the forecast period, indicating its dominance in the India Ready to Eat Market.
The key players operating in the target market include ITC Ltd., Kohinoor Foods Ltd., Venky’s India Ltd., Aakriti Foods Pvt. Ltd., Haldiram Manufacturing Company Pvt. Ltd., Vadilal Industries Ltd., Ushodaya Enterprises Pvt. Ltd., MTR Foods Pvt. Ltd., and Gits Food Products Pvt.