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USD 451.57 Mn growth opportunity in Ready-to-Cook Market in India| Evolving Opportunities with Bambino Agro Industries Ltd. and Gits Food Products Pvt. Ltd. | Technavio | News

NEW YORK, Feb. 25, 2022 /PRNewswire/ — The ready-to-cook market size in India is expected to increase by USD 451.57 million between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 7.61% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

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The 120-pages report segments the ready-to-cook market in India by distribution channel (offline and online) and type (instant noodles and pasta, instant soup, ready-to-mix, snacks, and others).

The offline distribution channel accounted for maximum revenue generation in the market. The segment includes supermarkets, hypermarkets, convenience stores, discount stores, and cash and carry stores. The availability of large shelf spaces and storage areas in these stores accommodate a wide variety of ready-to-cook food products from different vendors. This allows consumers to choose products based on their preferred flavors and brands. In addition, many hypermarkets and supermarkets offer discounts and give away free products when consumers purchase products worth a certain amount, which is also fostering the growth of the segment.

By type, the demand for instant noodles and pasta was significant in the market in 2021. Factors such as the increasing demand for convenient and instant food products, new instant noodles and pasta product launches, and the expansion of the retail landscape. In addition, rising marketing activities by instant noodles manufacturers and growing partnerships and strategic acquisitions will further accelerate the growth of the segment during the forecast period.

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The market is driven by the growing preference for convenience food products among the working population. The rise in the working population in India has consequently increased the demand for convenience foods such as ready-to-cook food products. By 2036, the proportion of the working population in India is expected to increase by up to 65%. All these factors are encouraging vendors in the market to focus on launching a wide range of ready to cook food products such as precooked or instant noodles or soup. This is increasing the availability and consumption of ready to cook food products, which is driving the growth of the segment.

In addition, new product launches and evolving retail landscape will further accelerate the growth of the market during the forecast period. However, growing health concerns regarding the consumption of ready-to-cook food products will challenge the growth of the market.

Major Five Ready to Cook Companies in India :

Bambino Agro Industries Ltd.: The company offers a wide of ready-to-cook products such as vermicelli, roasted vermicelli, instant pasta, noodles, and others.

Gits Food Products Pvt. Ltd.: The company offers a wide of ready-to-cook products such as biryani, pau bhaji, veg pulao, masala rice, and others.

Hindustan Unilever Ltd.: The company offers a wide range of ready-to-cook products such as Hyderabadi chicken dum biryani, dal makhani, and others.

iD Fresh Food (India) Pvt. Ltd.: The company offers a wide range of ready-to-cook products such as fried idli, masala idli fry, and others.

IndianFarm Foods Pvt. Ltd.: The company offers a wide range of ready-to-cook products such as rava idli, ragi idli, idli mix, and others.

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Ready To Cook Market in India Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 7.61%

Market growth 2022-2026

USD 451.57 million

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

APAC

Performing market contribution

India at 100%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bambino Agro Industries Ltd., Gits Food Products Pvt. Ltd., Hindustan Unilever Ltd., iD Fresh Food (India) Pvt. Ltd., IndianFarm Foods Pvt. Ltd., ITC Ltd., Kohinoor Foods Ltd., MTR Foods Pvt. Ltd., Nestle SA, and REGAL KITCHEN FOODS LTD.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 – 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline – Market size and forecast 2021-2026
  • Online – Market size and forecast 2021-2026
  • Market opportunity by Distribution channel

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Instant noodles and pasta – Market size and forecast 2021-2026
  • Instant soup – Market size and forecast 2021-2026
  • Ready-to-mix – Market size and forecast 2021-2026
  • Snacks – Market size and forecast 2021-2026
  • Others – Market size and forecast 2021-2026
  • Market opportunity by Type

Customer landscape

  • Customer landscape
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bambino Agro Industries Ltd.
  • Gits Food Products Pvt. Ltd.
  • Hindustan Unilever Ltd.
  • iD Fresh Food (India) Pvt. Ltd.
  • IndianFarm Foods Pvt. Ltd.
  • ITC Ltd.
  • Kohinoor Foods Ltd.
  • MTR Foods Pvt. Ltd.
  • Nestle SA
  • REGAL KITCHEN FOODS LTD.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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