According to the latest report by IMARC Group, titled “India Snacks Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the Indian snacks market exhibited robust growth during 2016-2021. Looking forward, IMARC Group expects the market to grow at a CAGR of 12% during 2022-2027.
Snacks are consumable products that are smaller in portion size than main meals. They are usually consumed between main meals or as a side dish or appetizer. Some common snacks include popcorn, fryums, chips, and salted peanuts. They are prepared from various ingredients, including corn, potatoes, vegetables, fruits, nuts, oils, and grains. They are available in sweet, sour, salty, and spicy tastes. In India, snacks form an integral part of the everyday diet due to their satisfying taste, long shelf life, and ease of storage.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Indian Snacks Market Trends and Drivers:
The India snacks market is primarily driven by the increasing consumption of processed and ready-to-eat (RTE) food items lifestyles. In addition, hectic work schedules and the sedentary lifestyles of individuals across the country have increased the consumption of snacks as an alternative to full-fledged meals.
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Besides this, the diversified food culture of the country has led to the rising popularity of snacks with ethnic tastes, such as murukku, samosa, and papad, especially among bachelors, people living in hostels, and teenagers. Nowadays, the growing health consciousness among individuals has prompted manufacturers to introduce natural, organic, vegan, low-calorie, and gluten-free snack variants.
Furthermore, the rising trend of premiumization, and the implementation of quality standards by the Food Safety and Standards Authority of India (FSSAI) to prevent the risk of food-borne illness, are anticipated to facilitate market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Indian Snacks Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Agro Tech Foods Ltd. (Conagra Brands, Inc.), Balaji Wafers Pvt. Ltd., Bikanervala Foods Private Limited, Haldiram Snacks Private Limited, ITC Limited, Parle Products Private Limited, PepsiCo, Prataap Snacks Limited, TTK Foods (TTK Healthcare), and Urban Platter.
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The report has segmented the market on the basis of region, product type, pack type, pack size and distribution channel.
Breakup by Product Type:
- Salted Peanuts
Breakup by States
- Uttar Pradesh
- Andhra Pradesh
Breakup by Pack Type
Breakup by Pack Size
- Less than 50 gm
- 50-100 gm
- More than 100gm
Breakup by Distribution Channel
- General Trade
- Modern Trade
- Online and E-Commerce
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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