India Ready-To-Eat Food Market Size, Growth, Trends, Report 2028

Summary

Report Description

The India Ready-To-Eat Food Market size is anticipated to register an impressive CAGR during the forecast period. The increased inclination for convenience food items among the working population, the expansion of the Indian retail chain sector, and new product introductions are some of the main growth factors for the ready-to-eat food market. However, obstacles such as growing obesity and diabetes-related health concerns could impede market expansion. Consumers who care about their health do not favor ready-to-eat foods because of their high-fat content.

The demand for Ready-To-Eat food is increasing among the working population of India owing to their busy schedule and not having enough time and resources to cook food at home. For instance, , there were over 900 million people in India who were of a working age (15–64) in 2020, making up 67% of the country's total population. By 2030, this number is projected to increase by another 100 million. According to the analysis of the Confederation of Indian Industry (CII), this suggests that India will account for a staggering 24.3% of the additional global workforce over the next ten years.

Demand from Sustainable Packaging is Fueling the Market Growth

In addition to the expanding demand for a range of product options and pack sizes, sustainable packaging is a crucial requirement. Growing consumer sensitivity to environment-friendly packaging is the direct cause of this factor. If the food's packaging is not recyclable, reusable, or compostable, the consumer may simply choose another brand out of pure obligation to support environmental responsibility. The fundamental criterion of RTE packages, namely, to keep the quality and flavor of the meals until the moment of consumption, cannot change or be neglected even while businesses explore this cutting-edge concept. Companies must be able to retain the economies of price per pack even with all these additional dynamic characteristics.

Product Innovation Drives the Market Growth

Nowadays, people like to experiment with their meals. They are open to trying new foods. Having said that, newer generations of customers are increasingly concerned about the quality of food and are willing to pay a little bit more if it means getting the greatest quality without sacrificing their health. With all of this in mind, Indian food producers are always working to develop new foods, and the ready-to-eat food sector is expanding significantly. For instance, Innovative Foods, which owns Sumeru, released Lasagne Paratha while Safal expanded its frozen product portfolio by introducing Frozen Okra Cut, Frozen Drumstick, and Frozen Haldi Paste Cubes. After identifying "need gaps" in the products other companies were supplying, BigBasket also entered the market with items such as frozen pizza and frozen peas under its private label Fresho.

Increasing Number of Food Delivery Application to Boost Market Growth

Many Indians are compelled to rely on ready-to-eat foods that can be ordered through smartphone applications such as Swiggy, Foodpanda, and Zomato due to their busy lifestyle. This has caused the consumption of a variety of ready-to-eat food products through these channels to increase noticeably. The consumer base of the online meal delivery industry in India is growing as a result of the country's rapid increase in smartphone usage and the accessibility of low-cost options. The sector is also being helped by the increased use of the internet due to lower data rates. The industry is expanding even further as the major players extend outside of their typical metro bases to smaller towns and cities.

Growing Startup Industry to Fuel the Market Growth

Big brands like MTR, McCain, Bikanervala, ITC, and Nestlé have been warmly accepted by consumers. This has made it possible for startup businesses to enter this market. With the increasing presence of startups in India, the startups are constantly innovating and are trying to offer new products to consumers. For instance, six beans and seven curries come in vacuum-proof bags as part of Suzu Agro's Aaj Pakao brand of RTC goods. They also serve Pav Bhaji, Mangalorean Ghee Roast, Goan Xacuti Gravy, Dal Makhni, Missal, and Chettinad Gravy.

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Market Segmentation

India's Ready-To-Eat Food market is segmented on the basis of product type, type of sale, distribution channel, and end user. In terms of product type, the market is fragmented into ready-to-heat and ready-to-cook. By type of sales, the market is divided into retail sales and institutional sales. In terms of distribution channels, the market is further segmented into convenient stores, traditional sales, departmental stores, wholesalers, online, and others (distributor sales, direct sales, etc.). Based on end user, the market is further split into residential, food service, and distributor.

Market Players

Bikanervala Foods Private Limited, Gits Food Products Pvt. Ltd, Mccain Foods India Private Limited, Haldiram Foods International Pvt. Ltd, MTR Foods Pvt. Ltd., ITC Limited, Godrej Agrovet Limited, Tata Consumer Products Limited, Venkys (India) Limited, and Nestlé India Limited are the major market players in India's Ready-To-Eat Food market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Value in USD Million and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Product Type Type of Sale Distribution Channel End User Region
Regional scope	North, West, South and East.
Key companies profiled	Bikanervala Foods Private Limited, Gits Food Products Pvt. Ltd, Mccain Foods India Private Limited, Haldiram Foods International Pvt. Ltd, MTR Foods Pvt. Ltd., ITC Limited, Godrej Agrovet Limited, Tata Consumer Products Limited, Venky’s (India) Limited, Nestlé India Limited. etc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, India ready-to-eat food market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Ready-To-Eat Food Market, by Product Type:

Ready-To-Heat
Ready-To-Cook

· India Ready-To-Eat Food Market, by Type of Sale:

o Retail Sales

o Institutional Sales

India Ready-To-Eat Food Market, by Distribution Channel:

Convenience Stores
Traditional Sales
Departmental Stores
Wholesaler
Online
Others

· India Ready-To-Eat Food Market, by End User:

o Residential

o Food Service

o Institutional

India Ready-To-Eat Food Market, by Region:

North
West
South
East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India ready-to-eat food market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

India Ready-To-Eat Food Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis

4.1. Respondent Demographics

4.1.1. By Gender

4.1.2. By Age

4.1.3. By Occupation

4.2. Awareness About Ready-to-Eat Food

4.3. Usage and Preferred Category

4.4. Brand Preference

4.5. Factors Influencing Purchase Decision

4.6. Reasons For Purchase

5. India Ready-To-Eat Food Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type Market Share Analysis (Ready-To-Heat and Ready-To-Cook)

5.2.2. By Type of Sales Market Share Analysis (Retail Sales, and Institutional Sales)

5.2.3. By Distribution Channel Market Share Analysis (Convenient Stores, Traditional Sales, Departmental Stores, Wholesaler, Online, Others (Distributor Sales, Direct Sales, etc.))

5.2.4. By End User Market Share Analysis (Residential, Food Service, and Distributor)

5.2.5. By Regional Market Share Analysis

5.2.5.1. North India Market Share Analysis

5.2.5.2. West India Market Share Analysis

5.2.5.3. South India Market Share Analysis

5.2.5.4. East India Market Share Analysis

5.2.6. By Company Market Share Analysis

5.3. India Ready-To-Eat Food Market Mapping & Opportunity Assessment

5.3.1. By Product Type Market Mapping & Opportunity Assessment

5.3.2. By Type of Sale Market Mapping & Opportunity Assessment

5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4. By End User Market Mapping & Opportunity Assessment

5.3.5. By Regional Market Mapping & Opportunity Assessment

6. India Ready-To-Heat Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Segment Market Share Analysis (Frozen Ready-To-Eat Food & Shelf Stable Ready-To-Eat Food)

6.2.2. By Distribution Channel Market Share Analysis

6.2.3. By End User Market Share Analysis

7. India Ready-To-Cook Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Segment Market Share Analysis (Frozen Ready-To-Eat Food & Shelf Stable Ready-To-Eat Food)

7.2.2. By Distribution Channel Market Share Analysis

7.2.3. By End User Market Share Analysis

8. Market Dynamics

8.1. Drivers

8.1.1. Product Availability

8.1.2. Changing Taste & Preferences

8.1.3. Growing Working Population

8.2. Challenges

8.2.1. Health Concerns

8.2.2. Lack of Culinary Diversity

9. Impact of COVID-19 on India Ready-To-Eat Food Market

9.1. Impact Assessment Model

9.1.1. Key Segments Impacted

9.1.2. Key Regions Impacted

9.1.3. Key Distribution Channel Impacted

10. Market Trends & Developments

10.1. Growing Startup Industry

10.2. Demand for Sustainable Packaging

10.3. Increasing number of Food Delivery Applications

10.4. Product Innovation

10.5. Rising Number of Online Stores

11. Import/ Export Analysis

11.1. Top 5 Exporting Countries

11.1.1. By Value

11.2. Top 5 importing Countries.

11.2.1. By Value

12. Porter’s Five Forces Model

12.1. Competitive Rivalry

12.2. Bargaining Power of Buyers

12.3. Bargaining Power of Suppliers

12.4. Threat of New Entrants

12.5. Threat of Substitutes

13. SWOT Analysis

13.1. Strengths

13.2. Weaknesses

13.3. Opportunities

13.4. Threats

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Bikanervala Foods Private Limited

14.1.1.1. Company Details

14.1.1.2. Product & Services

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Key market Focus & Geographical Presence

14.1.1.5. Recent Developments

14.1.1.6. Key Management Personnel

14.1.2. Gits Food Products Pvt. Ltd

14.1.2.1. Company Details

14.1.2.2. Product & Services

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Key market Focus & Geographical Presence

14.1.2.5. Recent Developments

14.1.2.6. Key Management Personnel

14.1.3. Mccain Foods India Private Limited

14.1.3.1. Company Details

14.1.3.2. Product & Services

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Key market Focus & Geographical Presence

14.1.3.5. Recent Developments

14.1.3.6. Key Management Personnel

14.1.4. Haldiram Foods International Pvt. Ltd

14.1.4.1. Company Details

14.1.4.2. Product & Services

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Key market Focus & Geographical Presence

14.1.4.5. Recent Developments

14.1.4.6. Key Management Personnel

14.1.5. MTR Foods Pvt. Ltd.

14.1.5.1. Company Details

14.1.5.2. Product & Services

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Key market Focus & Geographical Presence

14.1.5.5. Recent Developments

14.1.5.6. Key Management Personnel

14.1.6. ITC Limited

14.1.6.1. Company Details

14.1.6.2. Product & Services

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Key market Focus & Geographical Presence

14.1.6.5. Recent Developments

14.1.6.6. Key Management Personnel

14.1.7. Godrej Agrovet Limited

14.1.7.1. Company Details

14.1.7.2. Product & Services

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Key market Focus & Geographical Presence

14.1.7.5. Recent Developments

14.1.7.6. Key Management Personnel

14.1.8. Tata Consumer Products Limited

14.1.8.1. Company Details

14.1.8.2. Product & Services

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Key market Focus & Geographical Presence

14.1.8.5. Recent Developments

14.1.8.6. Key Management Personnel

14.1.9. Venkys (India) Limited

14.1.9.1. Company Details

14.1.9.2. Product & Services

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Key market Focus & Geographical Presence

14.1.9.5. Recent Developments

14.1.9.6. Key Management Personnel

14.1.10. Nestlé India Limited

14.1.10.1. Company Details

14.1.10.2. Product & Services

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Key market Focus & Geographical Presence

14.1.10.5. Recent Developments

14.1.10.6. Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1. Key Focus Areas

15.2. Target Regions

15.3. Target Product Type

15.4. Target End Use

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Is ready-to-eat food healthy?

The nutritional quality of these meals is a serious concern. Unfortunately, the majority of prepared foods are low in fiber and micronutrients and high in calories, saturated fats, and sodium.

Why is ready-to-eat food popular?

Alternatives to conventional meals that can be eaten at any time and for any meal include ready-to-eat foods and thereby, it offers users the utmost convenience. It saves the consumers at least 50% of their time throughout the entire meal-preparation process because there is little work involved.

What is an example of RTE food?

Frozen Pizza, cutlets, packaged dal makhani, and maggi are some examples of RTE Food in India.

Who are the key players in the Ready-To-Eat Food market in India?

Bikanervala Foods Private Limited, Gits Food Products Pvt. Ltd, Mccain Foods India Private Limited, Haldiram Foods International Pvt. Ltd, MTR Foods Pvt. Ltd., ITC Limited, Godrej Agrovet Limited, Tata Consumer Products Limited, Venky’s (India) Limited, and Nestlé India Limited are the key players in the India Ready-To-Eat Food market.

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Press Release

India Ready-To-Eat Food Market is Fueled by Ready-To-Cook Food Segment During the Forecast Period

Mar, 2023

Growing preference for convenience food, rising youth population, and increasing product portfolio are driving the Ready-To-Eat Food market in India.

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