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Pressnews.biz (Press Release) Feb 4, 2015
-- India packaged food Industry Outlook to FY’2018 – Ready to Eat Snacks to Drive Future Growth” provides a comprehensive analysis of the market size of India packaged food industry, market segmentation on the basis of ready to eat and semi processed foods by different categories on the basis of revenue. The report also entails the market share and company profiles of major players operating in packaged biscuits, breads, Chocolates, Snacks (Potatoes Wafer, Bridge Snacks) Ice Cream, Noodles, Breakfast Cereals, Oats, Instant Soup business in India. The report also provides the major trends and developments of the packaged food industry in India over the years. Future analysis of this market in the country is provided on the basis of revenue over the next five years along with the analysis of all the segments of the market.
Busier lifestyles resulting in the demand for convenience products are persistently providing a major thrust to the growth in the packaged food sector in India. The Indian cooking styles have undergone considerable changes over the past few years owing to the advent of modern technology and several other changes such as urbanization, busier lifestyles, increase in female work population and augmenting nuclear families. People have been increasingly shifting to ready to eat food items in order to save time involved in preparing meals.
With the growing media awareness, literacy rates and standard of living, people have grown more responsive towards the health and hygiene standards associated with food products. There has been a shift witnessed in the customers focus from price to quality in the recent years, particularly in the urban and a few semi urban areas. Consumers have been drifting from openly or loosely sold food products to the consumption of hygienically packaged fortified foods. The packaged food market in India has grown at a remarkable rate of 15.6% over the period FY’2007- FY’
India packaged food industry has expanded at an unparalleled growth rate over the last few years. The market for packaged food in India was valued at USD ~ million in FY’2013 as compared to USD ~ million in FY’2007.
Packaged food industry in India has been dominated by ready to eat market capturing a share of ~% in the overall market in FY’2013. The ready to eat market includes bakery, confectionaries, snacks and ice creams which contributed ~%, ~%, ~% and ~% respectively to the overall industry revenue in FY’2013. The contribution of bakery was noted to be highest at ~% in FY’2013. Parle, Britannia and ITC are some of the major players operating in the biscuit market holding market share of ~%, ~% and ~% respectively in FY’2013.
The semi-processed segment mainly consists of instant noodles, breakfast cereals, frozen foods and instant soups. Instant noodle was the major contributor of the revenue of semi processed packaged food market at ~% in FY’2013. Nestle Maggi, ITC Sunfeast and Nissin top Ramen have been the leading players in noodles market in India capturing a market share of ~%, ~% and ~% respectively in FY’2013. The consumption of breakfast cereals has become a trend among the Indians and is swiftly gaining its foothold in the packaged food industry in India. The market for breakfast cereals in India has been predominantly held by cold cereals accounting for a share of ~% followed by hot cereals such as oats, porridge and others holding ~% in the market revenue in FY’2013.
Britannia industries limited, was the leading player in the packaged food sector in India with a share of ~% followed by Cadbury India with a contribution of ~% in FY’2013. Parle products, was observed to be the third largest player with a share of ~% to the overall packaged foods revenues in India. ITC, Nestle India, Frito lay India and others are some of the important players operating in the space.
Key Topics Covered in the Report
Market Size of India Packaged Food Industry, FY’2007-FY’2013.
Market Segmentation of India Packaged Food by Ready to Eat and Semi Processed Food, Rural and Urban Demand and Region wise Demand
Market Size of Ready to Eat Market, FY’2007-FY’2013
Market Segmentation of Ready to Eat Market by Bakery, Confectionery, Snacks and Ice-cream, FY’2007-FY’2013
Market Segmentation of Bakery products by Biscuits and Bread, FY’2007-FY’2013
Market Segmentation of Confectionary by Candy, Chocolates and Gum, FY’2007-FY’2013
Market Size of Semi-processed Food Market, FY’2007-FY’2013
Market Segmentation of Semi-Processed Food Market by Instant Noodles, Breakfast Cereals, Frozen Foods and Instant Soups, FY’2007-FY’2013
Market Segmentation of Packaged Breakfast Cereals by Hot and Cold Cereals, FY’2012-FY’2013
Market Segmentation of Packaged Breakfast Cereals by Cornflakes, Oats and Others
Market Share of Major Players in India packaged Food Industry, FY’2009-FY’2013
Market Share of Major Players in Biscuits, Snacks, Chocolates, Potato Wafers, Ice Cream, Cereals Market
Trends and Developments of India Packaged Food Market.
Profiles of Major Players Operating in the Packaged Food Business in India
Future Outlook and Projections of India Packaged Food Market by revenue, by Ready to Eat and Semi-Processed Food, FY’2014-FY’2018