India packaged food market size reached US$ 113.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 210.81 Billion by 2032, exhibiting a growth rate (CAGR) of 7.08% during 2024-2032. The changing consumer preferences towards convenient meal options and the widespread adoption of food preservation techniques are primarily driving the market growth.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 113.9 Billion |
Market Forecast in 2032
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US$ 210.81 Billion |
Market Growth Rate 2024-2032 | 7.08% |
Packaged food, also known as processed or convenience food, encompasses food products that are pre-prepared and sealed in packaging for sale to consumers. This type of food undergoes various processing stages, including washing, cooking, freezing, canning, or the addition of preservatives to prolong its shelf life. Packaged food is available in diverse forms, including canned goods, frozen meals, snacks, and beverages. The packaging serves the dual purpose of preserving the food and safeguarding it from contamination, thereby enhancing both shelf life and safety. Furthermore, the packaging often includes labels containing essential information such as ingredients, nutritional facts, and expiration dates, enabling consumers to make informed choices. In addition to these benefits, packaged food offers convenience and time savings in meal preparation.
The India packaged food market has witnessed substantial growth in recent years, propelled by evolving consumer lifestyles, urbanization, and an increasing demand for convenience. This market's expansion can be attributed to factors, such as the rising disposable incomes, the changing dietary preferences, and a surge in dual-income households, which have led to a shift in consumer behavior towards ready-to-eat and easy-to-prepare food items. Moreover, in a country as diverse as India, with a wide array of culinary traditions, the packaged food industry has adapted by offering a range of products that cater to regional tastes. This diversity in product offerings has contributed significantly to the market's robust growth. Furthermore, while the convenience factor remains a key driver for the popularity of packaged food, the market has also responded to the increasing demand for healthier options. Besides this, manufacturers are incorporating nutritional enhancements, reducing additives, and introducing organic and natural ingredients to meet the evolving preferences of the health-conscious Indian consumer. Government initiatives promoting food safety standards and regulations have further instilled confidence in consumers regarding the quality of packaged food, thereby acting as another significant growth-inducing factor. Apart from this, both domestic and international players are actively participating, fostering innovation and competition, which is anticipated to fuel the market growth over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type and distribution channel.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes bakery products, dairy products, beverages, breakfast products, meals, and others.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, specialty stores, convenience stores, online retail stores, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Product Types Covered | Bakery Products, Dairy Products, Beverages, Breakfast Products, Meals, Others |
Distribution Channels Covered | Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online Retail Stores, Others |
Regions Covered | North India, West and Central India, South India, East and Northeast India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2999 Five User License: US$ 3999 Corporate License: US$ 5499 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |