India: packaged food market size 2029| ��ƽ��

Market size of the packaged food sector in India in 2023, with estimates until 2029 (in billion U.S dollars)

Characteristic	Market size in billion U.S. dollars
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Release date

March 2024

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Region

India

Survey time period

2023

Supplementary notes

*Estimates.

One Indian rupee is equal to 0.011 euros and 0.012 U.S dollars (as of September 2024).

Citation formats

In 2023, the market size of the packaged food sector was *** billion U.S. dollars in India. The size of the packaged food market is likely to reach about *** billion U.S. dollars by 2029. This remarkable expansion reflects changing consumer preferences and the increasing demand for convenient, ready-to-eat food options in the world's second-most populous country.

Dairy and snacks lead the way

The packaged food sector in India is dominated by dairy products, which accounted for **** percent of the total retail market in the financial year 2022. Snacks and sweets followed closely, contributing **** percent to the market share. This distribution highlights the strong cultural affinity for dairy-based products and the growing appetite for convenient snack options among Indian consumers.

Key players in a competitive landscape

Major food companies are vying for dominance in this rapidly expanding market. Nestle India reported the highest revenue among packaged convenience food companies in 2022. Britannia and Parle closely followed, with revenue exceeding *** billion rupees. In the naturally healthy packaged food segment, Amul and Haldiram Foods led the market, each holding just over percent market share.