India condiments market stood at $
638.96 million in 2018 and is projected to grow at a CAGR of over 13%, to reach
$ 1340.5 million by 2024. Anticipated growth in the market can be attributed to
increasing cross-cultural interaction, inclination towards consumption of
western food & cuisines and growing number of modern retail outlets
offering price and convenience advantages to the customers. Moreover, increased
focus on R&D activities in food industry has brought various development in
food quality and innovations in products such as sugar-free and gluten free
condiments which is stimulating the trend of healthy living. This factor is
expected to provide ample opportunities for condiments market during the
forecast period. Additionally, emergence of diet sauces and other condiments is
also expected to fuel growth in the market. Furthermore, increasing standards
of living, changing lifestyle and rising demand for sophisticated taste in meal
are emerging trends in the industry.
Years considered for this report:
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
To analyze and forecast the market size of Indian condiments market.
To define, classify and forecast the India condiments market on the basis of type, distribution channel, region, and company.
To analyze and forecast the market share for condiments with respect to type: sauces & ketchup, pickles, mayonnaise & dressings and others.
To scrutinize the detailed market segmentation and forecast the market size on the basis of region by segmenting the India condiments market into four regions, namely – North, East, West and South
To identify tailwinds and headwinds for the India condiments market.
To examine supply chain along with margins in condiments market.
To strategically profile the leading players in the market, which are involved in the supply of condiments, in India.
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India Condiments market is controlled by these major
players, namely– Nestle India Limited, Field
Fresh Foods Private Limited (Del Monte), Hindustan Unilever Limited, Cremica
Food Industries Limited, Dr. Oetker India Pvt. Ltd. etc.
TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of condiments manufacturers and suppliers
in India. Subsequently, TechSci Research conducted primary research surveys
with the identified companies. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research was
able to include manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product
offerings, distribution channels, and regional presence of all major condiments suppliers across the country.
TechSci Research calculated
the market size for India condiments market by using a bottom-up approach,
where manufacturers value shares data for type (Sauces &
Ketchup, Pickles, Mayonnaise & Dressings and Other condiments) were recorded and forecast
for the future years was made. TechSci Research sourced these values from
industry experts and company representatives and externally validated through analyzing
historical sales data of respective manufacturers to arrive at the overall
market size. Various secondary sources such as directories, databases such as,
Ministry of Statistics & Programme Implementation, APEDA, Company Annual
Reports, World Bank, Industry Magazines, Government databases, News Dailies,
Credible Paid Databases, Proprietary Database, White Papers and Investor Presentations
were also studied by TechSci Research.
Key Target Audience:
- Condiments manufacturers and suppliers
- Research organizations and consulting
- Organizations, forums and alliances related to
- Government bodies such as regulating
authorities and policy makers
- Industry associations
The study is
useful in providing answers to several critical questions that are important
for the industry stakeholders such as condiments manufacturers, distributors
and dealers, customers and policy makers. The report also provides insights
about which market segments should be targeted over the coming years to
strategize investments and capitalize on the growth of the market segment.
In this report,
the condiments market has been segmented into the following categories in
addition to the industry trends which have also been detailed below:
- Market, by Type:
- Sauces & Ketchup
- Mayonnaise & Dressings
- Market, By Distribution
- Convenience Stores
- Traditional Stores
- Market, by Geography:
- North Region
- West Region
- South Region
- East Region
Company Profiles: Detailed
analysis of the major companies present in India condiments market.
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
- Detailed list of distributors and dealers
across all major Cities.
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
- Detailed analysis and profiling of additional
market players (up to five).