India Ready to Mix Food Market- Size & Share Analysis with Key Insights, SWOT Analysis, Top Key Players and Industry Forecasts 2022-2027

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In its recent study, “Ready to Mix Food Industry – India Industry Analysis and Opportunity Assessment, 2014 – 2020,” Future Market Insights (FMI) provides important insights on the India Ready to Mix Food market, with a focus on emerging trends. According to FMI, the Indian ready-to-mix food industry would grow at a CAGR of 15.7 percent, reaching a value of US$ 284.4 million by 2020.

The ready-to-mix food sector in India is mostly driven by consumer convenience. Other factors contributing to the market’s growth include an increase in the number of working women as a result of higher educational standards, high household discretionary income, and the growth of organised retailing in India. Furthermore, the expansion of the Indian Ready to Mix food market is likely to be bolstered in the next five years by an increase in general disposable income and private label penetration. Key ready-to-mix food firms are working on broadening their options in order to stay competitive and meet growing consumer demand.

The ready-to-mix food market in India is divided into two categories: application and distribution. The Indian ready-to-mix food market is divided into three categories: snacking mix, dessert mix, and curry mix. Due to customer demand, the snacks mix category is expected to account for roughly 50.9 percent of the market by 2020. During the projected period, the curry mix sub-segment, on the other hand, is expected to grow at a double-digit CAGR of roughly 15.8%.

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The Indian ready-to-mix food market is divided into stores, kirana shops, internet purchases, and others based on distribution channels. The retailers sub-segment is predicted to have the greatest CAGR of 16.2 percent in terms of market share contribution to the overall ready to mix market during the forecast period, followed by online purchasing.
FMI’s principal analyst explains why India’s ready-to-mix food business will soon become a mainstream commodity in the convenience food industry. “Over the next five to six years, a hectic lifestyle, growing demand for packaged food, and increasing disposable income are likely to fuel the expansion of the ready-to-mix industry in India,” she said.

Although a lack of distribution channels, price-sensitive consumers, and low consumer awareness are expected to stymie market growth in India, adoption of new technology for better cooking performance of products, as well as increased exhibitions, seminars, and workshops to promote it, are expected to drive growth of the India ready-to-mix food market in the near future.

MTR Foods Pvt. Ltd. recently developed a new line of snack variants, including salty banana chips, pepper banana chips, spicy banana chips, and Huli Thengols (yoghurt snack), for consumers who are always looking for new and exciting authentic snack options. ITC Ltd., Gits Food Products Pvt. Ltd., Kohinoor Foods Ltd., Ushodaya Enterprises Private Ltd., and BambinoAgro Industries Ltd. are among the other major competitors in the Indian ready-to-mix food market.

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Key Segments Covered in India Ready-to-mix Food Market Report:

On the basis of application, the India ready-to-mix food market has been segmented into:

  • Snack Mix
  • Desert Mix
  • Curry Making Enablers

On the basis of distribution channel, the India ready-to-mix food market has been segmented into:

  • Modern Trade
  • Kirana Shops
  • Online Retailers
  • Other Distribution Channels

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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