The Ready-to-Eat Market in India (2018-2023): Lucrative Opportunity Analysis - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 20, 2018--The “Ready-to-Eat Market in India (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.The concept of RTE food was introduced in India in 1987 by a Pune based company named Tasty Bites Eatables. The products launched initially did not get much popularity among the contemporary Indian consumers.
In the recent years, RTE items have gained popularity due to busy lifestyles, increased tourism and changing food habits across India. Currently, the RTE items are considered to be the largest segment of the overall food industry comprising both conventional and non-conventional products. Over time, the Indian RTE products, especially the cereal, vegetable and meat based items have shown significant demand among the non-resident Indians.
Key Growth FactorsThe average income level of Indians have been increasing in the recent years. In addition to it, nowadays, both men and women work. As a result, the number of people earning in a given family is increasing. This has in turn raised the per capita spending capacity. These factors are increasing the average consumption of RTE products in India.As per the United Nations (UN) World Urbanization Prospects 2018 report, the rate of urbanization has increased to a considerable level since the 2009 census. The fast changing urban lifestyle and the new trend of living away from home for studying and employment purposes have eventually resulted to the growing demand of RTE food in India.
ThreatsThe Indian food processing market faces serious problem due to the lack of effective product distribution system. Also, the elderly population of the country has a negative perception about the nutritional value of packaged RTE products. Such mind-set and increased health concern among Indians are affecting consumer behaviour adversely.Players ProfiledADF Foods Ltd.ITC Ltd.Kohinoor Foods Ltd.Vadilal Industries Ltd.Venky’s India Ltd.Aakriti Foods Pvt. Ltd.Godrej Tyson Foods Ltd.Haldiram Manufacturing Company Pvt. Ltd.Ushodaya Enterprises Pvt. Ltd.MTR Foods Pvt. Ltd.
Key Topics Covered
Chapter 1. Executive Summary
Chapter 2. Socio-Economic Indicators
Chapter 3. Market Overview
Chapter 4. Global Ready-To-Eat Products Market
Chapter 5. India Ready-To-Eat Market
Chapter 6. Trade Analysis
Chapter 7. Key Growth Drivers of the Market
Chapter 8. Key Deterrents to the Growth of the Market
Chapter 9. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/m52cnr/the_readytoeat?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005279/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Processed Food
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/20/2018 05:51 AM/DISC: 11/20/2018 05:51 AM