Ready to Cook Market in India by Distribution Channel and Type - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71541
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The ready-to-cook market share in India is expected to increase by USD 451.57 million from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 7.61%.

This ready-to-cook market research report of India provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ready-to-cook market segmentation in India by distribution channel (offline and online) and type (instant noodles and pasta, instant soup, ready-to-mix, snacks, and others). The ready to cook market report of India also offers information on several market vendors, including 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. among others.

What will the Ready to Cook Market Size in India be During the Forecast Period?

Download the Free Report Sample to Unlock the Ready to Cook Market Size in India for the Forecast Period and Other Important Statistics

 

Ready to Cook Market in India: Key Drivers and Trends

The growing preference for convenience food products in the working population is notably driving the ready-to-cook market growth in India, although factors such as growing health concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ready-to-cook industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ready To Cook Market Driver in India

One of the key factors driving growth in the ready-to-cook market is the growing preference for convenience food products in the working population. Short cooking time, easy preparation, and long shelf life are increasing the demand for the ready-to-cook market in India. The rising working population in India has increased the demand for convenience foods that can be prepared easily, such as ready-to-cook food products. Ready-to-cook food products is popular amongst the working population, and many vendors are focusing on launching precooked or instant noodles or soup to meet this growing demand. This will increase the consumption of convenience foods, such as ready-to-cook food products, and drive the growth of the market.

Key Ready To Cook Market Challenge in India

The growing health concerns will be a major challenge for the ready-to-cook market during the forecast period. The ready-to-cook food products are often criticized by many health experts to be unhealthy and often the root cause of many diseases like diabetes, obesity, and heart problems. Moreover, as most of these foods are highly processed, they are high in fat content and result in high BMI and weight gain. Thus, the negative health effects and growing popularity of preventive healthcare are the key obstacles to the growth of ready to cook market in India. Furthermore, the introduction of other food products with healthy ingredients fortified with nutrient values may hinder the demand for ready to cook market in India.

This ready-to-cook market analysis report of India also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Ready to Cook Market Vendors in India?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the ready-to-cook market in India encompasses successful business strategies deployed by the key vendors. The ready-to-cook market in India is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ready-to-cook market forecast report of India offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Distribution Channel Segments in the Ready to Cook Market in India?

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The ready-to-cook market share growth in India by the offline segment will be significant during the forecast period. The wide prevalence of organized retail is increasing the sales of ready-to-cook food products. Supermarkets and hypermarkets are preferred by consumers due to the availability of products of all categories under a single roof, which is not possible in small shops. The increasing disposable incomes and rapid urbanization are shifting consumers’ buying preferences from neighborhood convenience stores to supermarkets and hypermarkets. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the ready-to-cook market size in India and actionable market insights on post COVID-19 impact on each segment.

 

Ready to Cook Market Scope in India

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

$ 451.57 million

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Ready to Cook Market Report of India?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive ready to cook market growth in India during the next five years
  • Precise estimation of the ready to cook market size in India and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ready to cook market vendors in India

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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

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The ready to cook market growth will increase by $451.57 million during 2021-2026.
    The ready to cook market is expected to grow at a CAGR of 7.61% during 2021-2026.
    Technavio has segmented the ready to cook market by distribution channel (Offline and Online) ,type (Instant noodles and pasta, Instant soup, Ready-to-mix, Snacks, and Others) , and geographic (APAC).
    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. are a few of the key vendors in the ready to cook market.
    APAC will register the highest growth rate of 100.00% among the other regions. Therefore, the ready to cook market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the ready to cook market growth are:
    • Growing preference for convenience food products in working population
    The ready to cook market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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