Future Of Ready To Eat Market In India.

Ready-to-eat or RTE food products are defined as that form of animal or plant derived food that can be offered to the customer after being washed, cooked, frozen and processed. RTE food items are already prepared and can be consumed only after heating. Such products are convenient for the consumers since it saves both time and energy.


Ready To Eat Market In India (2018-2023) Report provides information on In-depth Analysis of RTE food market in India




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 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.

Growth opportunities:
  • The 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.

There is a major threat according to market research,
The Indian food processing market faces serious problems due to the lack of effective product distribution system. Also, the elderly population of the country has a negative perception of the nutritional value of packaged RTE products. Such a mindset and increased health concern among Indians are affecting consumer behaviour adversely. 

Key Players in Current Indian Market:-
  • ADF Foods Ltd.
  • ITC Ltd.
  • Kohinoor Foods Ltd.
  • Venky’s India Ltd.
  • Aakriti Foods Pvt. Ltd.
  • Gits Food Products Pvt. Ltd.
    are some of the major players operating in the Indian RTE market

Comments

Post a Comment

Popular posts from this blog

Power Backup Market In India Forecast report 2023

Image
The power backup market in India is expected to grow to INR 504.66 billion by 2023, expanding at a compound annual growth rate (CAGR) of 11.28% during 2018–2023. The market in India is characterized by the dominant presence of the unorganized sector, even though there’s hardly enough difference between the price point at which products from the organized and unorganized sectors sell. This is due to the fact that customers are becoming increasingly conscious about what they are buying, the quality, reliability and the impact of the product on its immediate surroundings. Product Segment Insights: Diesel Generator: The diesel generator market is anticipated to expand at a CAGR of 8.1%. UPS: The UPS market is expected to expand to INR 99.83 Bn in 2023, at a CAGR of 11.97%. Inverter: The inverter market is expected to expand to INR 277.83 Bn in 2023, at a CAGR of 9.33%. Companies Covered: Cummins India Limited Su-Kam Power System Limited Exide Industries Limited Honda
Read more

Nuclear Fuel - Thorium Market In India 2023

Image
As of FY 2017, nuclear power contributed only ~2% of the total power generated in India. The main monazite reserves in India are present in West Bengal, Jharkhand, Odisha, Tamil Nadu, Kerala, Andhra Pradesh, Maharashtra, and Gujarat. Market overview: India has one of the largest thorium deposits in the world with a capacity of ~360,000 tonnes. Thorium occurs in the form of a single isotope, Th-232, which degenerates at a very slow rate. The types of nuclear reactors, currently operating in the nuclear energy industry of India are pressurized heavy-water reactors (PHWR), and light-water reactors (LWR). There are 7 under-construction nuclear power reactors in the country which will generate a capacity of 5,400 MWe. Market Investments: Apart from the domestic firms, there are a number of foreign companies which have shown interest to participate in India’s nuclear power projects in the form of technology partners, suppliers, contractors, and service providers. Westinghouse Ele
Read more

Global Divinylbenzene (DVB) Market Research Report 2019-2023

Image
Divinylbenzene (DVB) is an extremely versatile cross-linking agent that also improves polymer properties. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Divinylbenzene (DVB) Report by Material, Application, and Geography Global Forecast to 2023 is a professional and comprehensive research report on the worlds major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). In this report, the global Divinylbenzene (DVB) market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023. The report firstly introduced the Divinylbenzene (DVB) basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structure
Read more