As part of the final report, an analysis will be included to examine the effects of the Russia-Ukraine War and COVID-19 on the India Ready-to-Eat industry.
New Industry Report on India Ready-to-Eat Market Status and Prospects [2023-2032] has been released. The report is 100 pages long and provides an overview of the business with key types and applications along with the industrial chain structure. It includes information about the global market, such as development trends, competitive landscape analysis, key regions, and their development status. The report also examines advanced approaches and plans, as well as manufacturing processes and cost structures. It analyzes import/export utilities, market figures, cost, price, revenue, and gross productivity of the market. If you are interested in the report, Please Request Free a Sample Copy
The ready-to-eat market in India is expected to expand at a compound annual growth rate (CAGR) of ~16.24% (based on value) during the 2019-2024 period, to generate a revenue of INR ~68.47 Bn by 2024.
Request to Download Free Sample Copy of ‘India Ready-to-Eat Market’ Report @ –https://reportocean.us/sample-request/report_id/IND313
Ready meals took off in India following the hectic lifestyle of the young working population. The even more convenient ready-to-eat products rose in popularity since they can be consumed without cooking, seemingly suited for busy millennials.
Major players, who are currently operating in the Indian ready-to-eat market include Britannia Industries Limited, Dabur India Limited, Godrej Agrovet Limited and Heritage Foods Limited.
Segment-wise market overview
In 2018, the ready-to-eat breakfast cereals segment held the largest market share (~34.8%), followed by the shelf-stable ready meals (~21.97%), and shelf-stable fruits and vegetables (~20.3%) segments. The demand for ready-to-eat breakfast cereals is high due to the rising awareness regarding the ill effects of cholesterol, among the youth across India.
Out of the major segments of the Indian ready-to-eat market, the ready-to-eat breakfast cereals segment is expected to experience the fastest year-on-year growth (~19.85%) during the 2019-2024 period. Some of the popular ready-to-eat breakfast cereal brands in India include Baggrys, Kelloggs and Nestle.
Key growth drivers of the market
Most people living in cities lead busy lifestyles, and often spend much time commuting. This leaves them with little or no time to cook meals, which is why they prefer consuming ready-to-eat products.
To increase the sales volume of ready-to-eat products, retailers are offering lucrative offers in the form of combo packs, day-specific discounts, festive offers, flat discounts and coupon discounts. Growth in the number of organized retail outlets and unique marketing strategies of retailers in tier I and tier II cities are facilitating brand recognition and development of product knowledge among consumers. Therefore, rapid urbanization and hectic lifestyles, along with aggressive geographical expansion of ready-to-eat retailers are propelling tthe growth of the market across India.
Download Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/IND313
Key deterrent to the growth of the market
According to health experts across the world, frequent consumption of ready-to-eat food often leads to serious health issues like obesity, heart diseases, high blood pressure and diabetes, owing to the presence of excessive sugar, sodium and fat in packaged foods. Awareness about such issues often refrains people from consuming ready-to-eat food. Moreover, a large proportion of the elderly population in India usually has a negative perception about the nutritional value of any packaged and/or processed food item. As a result, they desist consuming ready-to-eat food and even discourage their family members from consuming the same.
Companies covered
Britannia Industries Limited
Dabur India Limited
Godrej Agrovet Limited
Heritage Foods Limited
ITC Limited
Nestle India Limited
Vadilal Industries Limited
Haldiram Manufacturing Company Private Limited
MTR Foods Private Limited
McCormick & Co., Inc.
Download Free Sample Copy of ‘India Ready-to-Eat Market’ Report @ –https://reportocean.us/sample-request/report_id/IND313
On June 8th, 2022, the Bureau of Economic Analysis and U.S. Census Bureau released a report detailing the recovery of the U.S. market and international trade. The report highlighted the significant growth in exports and imports, with exports reaching $300 billion in April 2022, an increase of $13.4 billion, and imports amounting to $294.5 billion, increasing by $17.4 billion. Despite the impact of COVID-19 on the global economy, the U.S. market is showing signs of recovery.
However, the Healthcare/ICT/Chemical industries are still feeling the effects of the pandemic, which is creating a large market for India Ready-to-Eat. As the recovery of the U.S. market continues, there will be a direct impact on these industries, and the demand for India Ready-to-Eat is likely to increase. The report highlights the need for businesses to stay informed about market trends and adjust their strategies accordingly to take advantage of emerging opportunities in this evolving landscape.
Intricacies of COVID-19 Impact Analysis:
The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.
In-depth Analysis of the Russia-Ukraine War Impact:
Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.
The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
Request Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ –https://reportocean.us/sample-request/report_id/IND313
Some Questions Answered in the India Ready-to-Eat Market Report:
- What is the projected size of the India Ready-to-Eat market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the India Ready-to-Eat industry?
- What are the major market trends that are affecting the expansion of the India Ready-to-Eat market?
- What obstacles must be overcome in order to achieve sustained growth in the India Ready-to-Eat market?
- What opportunities and threats do vendors in the India Ready-to-Eat Market face?
- What are the raw materials and manufacturing equipment used in the production of India Ready-to-Eat, and what is the manufacturing process?
- What are the different types and applications of India Ready-to-Eat, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the India Ready-to-Eat market?
- What factors are driving the growth of the India Ready-to-Eat market in the top regions worldwide?
- Who are the major players in the India Ready-to-Eat market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the India Ready-to-Eat market?
- What are the main findings of a five forces analysis of the India Ready-to-Eat market?
To gain a better understanding of market conditions, a Five Forces analysis is conducted, which includes an assessment of the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Additionally, a PESTLE analysis is performed to evaluate the external factors that may impact the market:
- Political factors: This includes political policies and stability, as well as trade, fiscal, and taxation policies.
- Economic factors: Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates are all considered under this category.
- Social factors: Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles are taken into account when analyzing the social factors that may affect the market.
- Technological factors: Changes in digital or mobile technology, automation, research, and development are evaluated to determine the potential impact on the market.
- Legal factors: Employment legislation, consumer law, health and safety regulations, and international trade restrictions are among the legal factors that may affect the market.
- Environmental factors: Climate, recycling procedures, carbon footprint, waste disposal, and sustainability are all taken into consideration when assessing the potential impact of environmental factors on the market.
Our India Ready-to-Eat Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
Request Full Report –https://reportocean.us/sample-request/report_id/IND313
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.us/
