India Packaged Food Market to Grow with a CAGR of 6.32% through 2030F

The India Packaged Food Market is growing due to shifting consumer preferences towards convenience, rising disposable incomes, increasing health consciousness, and the growth of e-commerce platforms.

According to TechSci Research report, “India Packaged Food Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”, the India Packaged Food Market was valued at USD 80.22 Billion in 2024 and is expected to reach USD 115.87 Billion by 2030 with a CAGR of 6.32% during the forecast period. The India packaged food market has witnessed remarkable growth in recent years, fueled by evolving consumer preferences, rising disposable incomes, and the increasing demand for convenience. With the rapid urbanization and busy lifestyles of India’s population, there has been a significant shift towards ready-to-eat meals, snacks, and processed food items. Packaged food offers consumers the convenience of quick, nutritious, and easy-to-consume options, catering to the growing demand for time-saving solutions. As more people opt for ready-made food products, the market continues to expand across both urban and rural areas.

A major driver of the India packaged food market is the rising disposable income of the middle-class population. As disposable incomes grow, Indian consumers are increasingly able to afford premium, health-conscious food options. This has led to a surge in demand for organic, gluten-free, low-calorie, and fortified packaged foods. Health-conscious consumers are also seeking snacks with improved nutritional profiles, and brands are responding with healthier alternatives. This trend aligns with the broader shift towards wellness and fitness, particularly among younger consumers who are more aware of the nutritional value of their food.

In addition to increasing disposable incomes, another key factor propelling the growth of the packaged food market in India is the boom in e-commerce. With the rapid rise of online shopping, consumers now have greater access to a wide variety of packaged food products. E-commerce platforms offer convenience, wider selection, and often better prices than traditional retail outlets. The growth of online grocery shopping has further accelerated the market’s expansion, particularly in smaller towns and cities where access to physical retail stores might be limited. As a result, brands are investing more in digital marketing and distribution strategies to cater to this growing online demand.

Regional variation also plays a crucial role in shaping the packaged food market. Different parts of India have distinct food preferences, and brands are increasingly customizing their offerings to cater to these regional tastes. For instance, North India’s preference for dairy-based snacks and South India’s love for rice-based products has led companies to launch region-specific products. Additionally, traditional foods such as pickles, spices, and ready-to-eat meals are being incorporated into modern packaging to appeal to both nostalgic consumers and busy families. Brands that successfully integrate local flavors into their packaged food offerings tend to gain a competitive edge in the market.

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The India Packaged Food Market is segmented into product type, sales channel, regional distribution, and company.

Based on sales channel, online segment is the fastest-growing channel in the India packaged food market, driven by the increasing adoption of e-commerce and digital platforms. With a rise in internet penetration and mobile usage, more consumers are opting for online grocery shopping, attracted by the convenience, variety, and competitive pricing. This growth is especially pronounced in smaller cities and towns, where access to physical stores may be limited. Brands are increasingly focusing on digital marketing and strategic online distribution to tap into this expanding consumer base.

Based on region, West region is the fastest-growing in the India packaged food market, largely driven by the presence of major cities like Mumbai, Pune, and Ahmedabad. The region benefits from rapid urbanization, a growing middle class, and increased demand for convenience foods. Additionally, the expansion of modern retail formats and the increasing popularity of e-commerce in the region have contributed to its growth. The combination of these factors makes the West a key driver of the packaged food market in India.

Major companies operating in India Packaged Food Market are:

• ADF Foods Ltd
• Nestlé India Limited
• Hatsun Agro Product Limited
• Britannia Industries Limited
• DFM Foods Ltd.
• Hindustan Foods Limited
• MTR Foods Pvt Ltd.
• Hindustan Unilever Limited
• ITC Limited
• Parle Products Pvt. Ltd.

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“The India Packaged Food Market is driven by rising disposable incomes, urbanization, and a shift toward convenience foods. Health-conscious consumers are also driving demand for nutritious options. The key trends include the growth of e-commerce, sustainable packaging, and premium offerings targeting wellness-focused buyers. The increasing influence of digital marketing and social media further shapes consumer preferences and product availability.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“India Packaged Food Market By Product Type (Non-alcoholic Beverages, Dairy Products, Confectionery, Ready Meals, Snacks, Breakfast Cereals, Others), By Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Packaged Food Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Packaged Food Market.

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