India Ready to Cook market to grow by 7.12% from 2022 to 2027: The growing preference for convenience food products will drive Growth -Technavio

NEW YORK, June 26, 2023 /PRNewswire/ -- The India ready-to-cook market is estimated to grow at a CAGR of 7.12% between 2022 and 2027. The size of the market is forecast to increase by USD 488.97 million according to Technavio. Download a Sample Report!

India Ready to cook market Insights -

• Vendors: 15+, Including Bambino Agro Industries Ltd., Capital Foods Pvt. Ltd., CG Corp., DARSHAN FOODS PVT. LTD., Desai Foods Pvt Ltd., Gits Food Products Pvt. Ltd., Godrej Agrovet Ltd., Hindustan Unilever Ltd., iD Fresh Food India Pvt. Ltd., IndianFarm Foods Pvt. Ltd., Innovative Foods Ltd., ITC Ltd., Kohinoor Foods Ltd., Maiyas Beverages and Foods Pvt. Ltd., McCain Foods Ltd., Nestle SA, Orkla ASA, Regal Kitchen Foods Ltd., Tata Consumer Products Ltd., and Universal Corp. Ltd.
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: type (instant noodles and pasta, instant soup, ready-to-mix, snacks, and others), and distribution channel (offline and online)

To understand more about the information services market, request a sample report

India Ready to Cook Market- Vendor Insights

• The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - Bambino Agro Industries Ltd., Capital Foods Pvt. Ltd., CG Corp., DARSHAN FOODS PVT. LTD., Desai Foods Pvt Ltd., Gits Food Products Pvt. Ltd., Godrej Agrovet Ltd., Hindustan Unilever Ltd., iD Fresh Food India Pvt. Ltd., IndianFarm Foods Pvt. Ltd., Innovative Foods Ltd., ITC Ltd., Kohinoor Foods Ltd., Maiyas Beverages and Foods Pvt. Ltd., McCain Foods Ltd., Nestle SA, Orkla ASA, Regal Kitchen Foods Ltd., Tata Consumer Products Ltd., and Universal Corp. Ltd.

India Ready to Cook Market– Market Dynamics

Key Drivers

The growing preference for convenience food products in the working population is notably driving India ready-to-cook market growth during the forecast period. The factors which are increasing the demand for this food are Short cooking time, easy preparation, and long shelf life. The demand for convenience foods that can be prepared easily, such as ready-to-cook food products is increasing due to the rising working population and busy lifestyles. For example, the proportion of the working-age population in the country is expected to rise to 65%. Many vendors are focusing on launching pre-cooked products such as instant noodles or soups to meet this growing demand in the country. Hence, this increase in the consumption of convenience food is expected to drive market growth during the forecast period.

Major Trends

The rising number of promotional and marketing activities is a new trend shaping the India ready-to-cook market. New marketing strategies and innovative advertising are being developed by the vendors to create awareness among consumers about the benefits of these convenience foods. Furthermore, the companies are increasing their marketing budgets to attract more consumers.

For example, in 2022, Nestle`s consumer-facing marketing expenses increased by 3.4% when compared with 2020. The company has started many promotional events in the country to market its products such as Maggi soup. Hence, these innovative promotional and marketing activities are expected to drive the growth of the India ready-to-cook market during the forecast period.

Significant Challenges

The growing health concerns are a major challenge that may restrict India ready-to-cook market growth during the forecast period. This is due to the criticism faced by the companies for being unhealthy for many diseases such as diabetes, obesity, and heart disease. Furthermore, these products are high in fat content and result in high BMI and weight gain due to the high processing of these foods.

The introduction of healthy foods in the market which contain nutritious and healthy ingredients are significant challenge restricting the growth of the market. In addition, consumers are refraining from consuming these unhealthy foods, which is expected to hamper the market growth during the forecast period.

Drivers & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a  sample report!

Why Buy?

• Add credibility to strategy
• Analyzes competitor's offerings 
• Get a holistic view of the market
• Grow your profit margin with Technavio- Buy the Report

What are the key data covered in this India Ready to Cook Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the India ready-to-cook market between 2023 and 2027
• Precise estimation of the size of the India ready-to-cook market and its contribution to the market with a focus on the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the India ready-to-cook market.
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of India ready to cook market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The ready-to-drink coffee market size is projected to increase by USD 11,781.01 million and the market size is estimated to grow at a CAGR of 7.73% between 2022 and 2027. Furthermore, this report extensively covers market segmentation by packaging (glass bottled, canned, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The rising demand for on-the-go refreshments is a key factor driving the growth of the market.

The organic food and beverages market is estimated to grow at a CAGR of 15.85% between 2022 and 2027. The size of the market is forecast to increase by USD 310.08 billion. Furthermore, this report extensively covers market segmentation by product type (organic fruits and vegetables, organic dairy products, organic prepared foods, organic meat, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rising number of new product launches is a key factor driving the growth of the market.

Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Ready to cook market in India 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on Ready to cook market in India 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 25: Chart on Type - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 6.3 Instant noodles and pasta - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Instant noodles and pasta - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Instant noodles and pasta - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Instant noodles and pasta - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Instant noodles and pasta - Year-over-year growth 2022-2027 (%)

• 6.4 Instant soup - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Instant soup - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Instant soup - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Instant soup - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Instant soup - Year-over-year growth 2022-2027 (%)

• 6.5 Ready-to-mix - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Ready-to-mix - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Ready-to-mix - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Ready-to-mix - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Ready-to-mix - Year-over-year growth 2022-2027 (%)

• 6.6 Snacks - Market size and forecast 2022-2027 
• Exhibit 41: Chart on Snacks - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Data Table on Snacks - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Chart on Snacks - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Snacks - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 45: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 46: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 48: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Type 
• Exhibit 49: Market opportunity by Type ($ million)
• Exhibit 50: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 51: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 53: Chart on Comparison by Distribution Channel
• Exhibit 54: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 63: Market opportunity by Distribution Channel ($ million)
• Exhibit 64: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 66: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 67: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 68: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 69: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 70: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 71: Matrix on vendor position and classification

• 11.3 Bambino Agro Industries Ltd. 
• Exhibit 72: Bambino Agro Industries Ltd. - Overview
• Exhibit 73: Bambino Agro Industries Ltd. - Product / Service
• Exhibit 74: Bambino Agro Industries Ltd. - Key offerings

• 11.4 Desai Foods Pvt Ltd.
• Exhibit 75: Desai Foods Pvt Ltd. - Overview
• Exhibit 76: Desai Foods Pvt Ltd. - Product / Service
• Exhibit 77: Desai Foods Pvt Ltd. - Key offerings

• 11.5 Gits Food Products Pvt. Ltd. 
• Exhibit 78: Gits Food Products Pvt. Ltd. - Overview
• Exhibit 79: Gits Food Products Pvt. Ltd. - Product / Service
• Exhibit 80: Gits Food Products Pvt. Ltd. - Key offerings

• 11.6 Hindustan Unilever Ltd. 
• Exhibit 81: Hindustan Unilever Ltd. - Overview
• Exhibit 82: Hindustan Unilever Ltd. - Business segments
• Exhibit 83: Hindustan Unilever Ltd. - Key offerings
• Exhibit 84: Hindustan Unilever Ltd. - Segment focus

• 11.7 iD Fresh Food India Pvt. Ltd. 
• Exhibit 85: iD Fresh Food India Pvt. Ltd. - Overview
• Exhibit 86: iD Fresh Food India Pvt. Ltd. - Product / Service
• Exhibit 87: iD Fresh Food India Pvt. Ltd. - Key offerings

• 11.8 IndianFarm Foods Pvt. Ltd. 
• Exhibit 88: IndianFarm Foods Pvt. Ltd. - Overview
• Exhibit 89: IndianFarm Foods Pvt. Ltd. - Product / Service
• Exhibit 90: IndianFarm Foods Pvt. Ltd. - Key offerings

• 11.9 Innovative Foods Ltd. 
• Exhibit 91: Innovative Foods Ltd. - Overview
• Exhibit 92: Innovative Foods Ltd. - Product / Service
• Exhibit 93: Innovative Foods Ltd. - Key offerings

• 11.10 ITC Ltd.
• Exhibit 94: ITC Ltd. - Overview
• Exhibit 95: ITC Ltd. - Business segments
• Exhibit 96: ITC Ltd. - Key offerings
• Exhibit 97: ITC Ltd. - Segment focus

• 11.11 Kohinoor Foods Ltd.
• Exhibit 98: Kohinoor Foods Ltd. - Overview
• Exhibit 99: Kohinoor Foods Ltd. - Product / Service
• Exhibit 100: Kohinoor Foods Ltd. - Key offerings

• 11.12 Maiyas Beverages and Foods Pvt. Ltd. 
• Exhibit 101: Maiyas Beverages and Foods Pvt. Ltd. - Overview
• Exhibit 102: Maiyas Beverages and Foods Pvt. Ltd. - Product / Service
• Exhibit 103: Maiyas Beverages and Foods Pvt. Ltd. - Key offerings

• 11.13 McCain Foods Ltd.
• Exhibit 104: McCain Foods Ltd. - Overview
• Exhibit 105: McCain Foods Ltd. - Product / Service
• Exhibit 106: McCain Foods Ltd. - Key offerings

• 11.14 Nestle SA
• Exhibit 107: Nestle SA - Overview
• Exhibit 108: Nestle SA - Business segments
• Exhibit 109: Nestle SA - Key news
• Exhibit 110: Nestle SA - Key offerings
• Exhibit 111: Nestle SA - Segment focus

• 11.15 Orkla ASA
• Exhibit 112: Orkla ASA - Overview
• Exhibit 113: Orkla ASA - Business segments
• Exhibit 114: Orkla ASA - Key news
• Exhibit 115: Orkla ASA - Key offerings
• Exhibit 116: Orkla ASA - Segment focus

• 11.16 Regal Kitchen Foods Ltd. 
• Exhibit 117: Regal Kitchen Foods Ltd. - Overview
• Exhibit 118: Regal Kitchen Foods Ltd. - Product / Service
• Exhibit 119: Regal Kitchen Foods Ltd. - Key offerings

• 11.17 Tata Consumer Products Ltd. 
• Exhibit 120: Tata Consumer Products Ltd. - Overview
• Exhibit 121: Tata Consumer Products Ltd. - Product / Service
• Exhibit 122: Tata Consumer Products Ltd. - Key news
• Exhibit 123: Tata Consumer Products Ltd. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 126: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 12.5 List of abbreviations
• Exhibit 130: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio