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Plant-Based Foods is Fastest Growing Segment Fueling Growth of the India Ready To Mix Food Market

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Pooja Khodke
Plant-Based Foods is Fastest Growing Segment Fueling Growth of the India Ready To Mix Food Market

The global India Ready To Mix Food Market is estimated to be valued at US$ 443.89 Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Ready to mix food products are pre-processed ingredients that only require addition of water or milk to prepare meals. They offer convenience and save preparation time for users. With changing lifestyle and increase in number of working women, the demand for ready to mix foods is growing in India.


Market key trends:


One of the major trend in the India ready to mix food market is growing demand for plant-based ready meals. With increasing health awareness, consumers in India are shifting towards vegan and vegetarian diets. Many food brands are launching plant-based ready to eat options such as veggie biryani, paneer tikka masala, dal makhni etc to cater to this growing consumer base. They offer similar taste of non-vegetarian dishes but without the use of meat. This trend is expected to fuel the growth of ready to mix food market in India over the forecast period.


Segment Analysis

The India ready to mix food market is segmented by product type into bakery, desserts, and savory. The bakery segment dominated the market in 2022 and is estimated to maintain its dominance during the forecast period. The growing demand for convenient snacks and bakery items due to hectic lifestyles is fueling the segment's growth.


Key Takeaways


The Global India Ready To Mix Food Market Size  is expected to witness high growth, exhibiting a CAGR of 16% over the forecast period, due to increasing urbanization and changing lifestyles.


Regional analysis


Regionally, western India accounted for the largest market share in 2022. The high consumption of ready to mix foods such as idli, dosa, and paneer tikka masala in states like Maharashtra, Gujarat and Rajasthan has been dominating the regional market. The northern region is anticipated to grow at the fastest pace during the forecast period.


Key players


Key players operating in the India ready to mix food market are Indian Tobacco Company, Mavalli Tiffin Room, Gits Food Products Pvt. Ltd., Kohinoor Foods, Priya Foods, and Bambino Agro-Industry. The market size for 2023 is US$ 443.89 Mn.


Read More :  https://www.newsstatix.com/india-ready-to-mix-food-market-sizedemand-growth/

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