India Spreads Market to Cross $ 520 Million by 2022
Growing
health awareness, increasing demand for convenience foods and increasing demand
for innovative food items are expected to drive India spreads market through
2022
According to a report released at
TechSci Research “India
Spreads Market By
Type, By Point of Sale, By End
User, Forecast and
Opportunities, 2012 – 2022”, India spreads market is forecast to reach
$ 527 million by 2022. The market is expected to witness robust growth on the account
of changing consumer tastes, expanding middle class population and increasing
demand for tasty food products. Other noteworthy market drivers include
increasing health consciousness, stressful and hectic lifestyles of working
class population, lack of time to cook traditional meals at home coupled with
increasing demand for packaged food.
Browse
18 market data Tables and 41 Figures spread through 106
Pages and an in-depth TOC on "India
Specialty Gases Market"
https://www.techsciresearch.com/report/india-spreads-market-by-type-spreads-jams-etc-by-point-of-sale-online-super-hypermarket-departmental-stores-by-end-user-forecast-and-opportunities/1170.html
North and West regions cumulatively
account for a majority share in the country’s spreads market on account of
increasing awareness for healthy breakfast, rising consumer spending on ready
to eat food items, and presence of comparatively higher number of Tier I &
II cities, which are the major demand generators for spreads in India.
Furthermore, growth in the organized retail and E-commerce has also improved
the visibility and availability of these products in the market over the last
few years, thereby, increasing the overall awareness about these products among
consumers. Jams and Sweet Spreads dominated India spreads market, predominantly
on account of growing awareness about the nutritional values of honey as
compared to high fat sugar based products and increasing demand for organic and
healthy products.
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“Spreads
market in India is surging at a robust pace, as these taste enhancers are gaining
popularity across urban as well as rural consumers in India. Further, to
promote the benefits and generating awareness about spreads, most of the leading players are
investing heavily in developing marketing strategies and introducing products
with new innovations like organic spreads, fruity additives, etc. These moves
are expected to translate into continuance of the current growth trend being
witnessed in India spreads market, over the next five years.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Spreads Market Forecast &
Opportunities, 2022” has evaluated the future growth potential of spreads
market in India and provides statistics and information on market structure,
size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers to take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities present in India
spreads market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global
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serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
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more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
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