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Published On : June-2015
Category : Retail and Consumer
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Ready to Mix Food Market in India Projected to be Worth US$ 284.4 Mn by 2020
Future Market Insights (FMI), with sharp focus on emerging trends, delivers key insights on the India
Ready to Mix Food market in its recent report titled, Ready to Mix Food Market - India Industry
Analysis and Opportunity Assessment, 2014 2020. FMI estimates that the India Ready to mix food
market will expand at a CAGR of 15.7% and reach a valuation of US$ 284.4 Mn by 2020.
Consumer convenience is the key factor driving the India ready to mix food market. Additionally,
increase in working women population due to increased standards of education, high disposable
income of households, and growing organised retailing in India are other factors contributing to the
growth of the market. Furthermore, increase in overall disposable income and private label
penetration is expected to strengthen the growth of the Indian Ready to Mix food market in the next
five years. In order to sustain in the competitive market and cater to increasing consumer demand,
key ready to mix food companies are focusing on widening their offerings.
The India ready to mix food market is segmented on the basis of application and distribution. By
application type, the India ready to mix food market is segmented into snacks mix, dessert mix, and
curry mix.
Among these, snacks mix segment is projected to account for around 50.9% market share by 2020,
owing to the consumer demand. The curry mix sub-segment on the other hand, is expected to record
a double-digit CAGR of around 15.8% during the forecast period.
By distribution channel, the India ready to mix food market is segmented into retailers, kirana shops,
online purchase, and others. In terms of market share contribution to the overall ready to mix market,
the retailers sub-segment is expected to record highest CAGR of 16.2%, followed by online purchase
during the forecast period.
FMI lead analyst sheds light on why India ready to mix food market will become a mainstream product
in convenience food industry in the near future. Hectic lifestyle, growing demand for packaged food
coupled with increasing disposable income is expected to fuel the growth of the ready to mix market
in India over the next five to six years, she said.
Although, weak distribution channel, price sensitive consumers, and low awareness level among the
consumers in India are expected to hinder the market growth; adoption of new technology for better
cooking performance of the products and increased exhibitions, seminars, workshops to promote it
are the key trends expected to drive growth of the India ready to mix food market in the near future.
Recently, MTR Foods Pvt. Ltd. introduced new range of snacks variants such as salty banana chips,
pepper banana chips, spicy banana chips, and Huli Thengols (snack made of yogurt) for consumers
who are constantly looking for varieties in authentic snacks. Apart from MTR Food Pvt. Ltd. The other
prominent players in the India ready to mix food market include ITC Ltd., Gits Food Products Pvt. Ltd.,
Kohinoor Foods Ltd., Ushodaya Enterprises Private Ltd., and Bambino Agro Industries Ltd.
Browse Full: "Ready to Mix Food Market: India Industry Analysis and Opportunity Assessment 2014 2020" Market Research Report at http://www.futuremarketinsights.com/reports/details/global-readyto-eat-food-market
Table of Content
1. Executive Summary
1.1. Research Methodology
1.2. Assumptions and Acronyms
2. Overview of Economy
2.1. India Economy Overview
2.2. PESTEL Analysis
3. Drivers and Restraints
3.1. India Ready to Mix Food Market Drivers and Restraints
3.2. Analysis Impact India Ready to Mix Food Market
4. Market Overview
4.1. Market Taxonomy
4.2. India food Processing Market Size and Forecast
4.3. India Ready to Mix Market Size and Forecast
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6.4. By Others
6.4.1.Others market size and forecast
6.4.2.Others Purchase market Absolute $ Value Opportunity
6.5. YOY growth comparison India Ready to Mix Market by Distribution
6.6. Overall Trend Analysis by Distribution
Table of Content
7.4. Ready to Mix Market contribution to Total Indian Food Market
8. Competitive Landscape
8.1. Potential Clients
8.2. Major Companies
8.2.1.Indian Tobacco Company
8.2.1.1. SWOT Analysis
8.2.1.2. Key Developments and business strategy
Table of Content
Thank You!