By December 22, 2014 0 Comments Read More →

Ready-To-Eat Food Market Flourishing in India

Due to the busiest lifestyle of people and their rising income levels, the demand for ready-to-eat food products is breaking all the records. Migration of people from tier 1 & 2 cities to metropolitan, is also a chief driver for RTE food segment growth.

Using ready-to-eat products get quite easy as they require least time for cooking such as just addition of water or re-heating to a desired temperature.

As per TechSci Research by Karan Chechi, Research Director, “Retail chains are the key contributors in increasing the awareness about RTE products among consumers. The presence of retail players such as Easyday and Big Bazar is also contributing towards increasing the demand for ready-to-eat food products in the country”.

Ready_to_eat_products

Major Players Operating RTE Food Products Market

The big names in India’s ready-to-eat food market include:

  1. ITC
  2. Karim’s (MCI Foods LLP)
  3. MTR
  4. McCain

According to “India Ready-to-Eat Food Market Forecast & Opportunities, 2019”, the Indian ready-to-eat food market is projected to grow at a CAGR of 21.99% between 2014 and 2019 with north & west region are the main revenue contributors in the RTE food market, with major demand generated from cities like Delhi-NCR, Ahmedabad, Mumbai etc.

If consumer demands of availability, affordability and growing acceptability met, this market potential to reach market size of 2,900 crore by the year 2015 from its existing Rs. 128 crores.

The sector provides a unique and big business opportunity for both Indian and international players.Those who are in ready-to-eat foods business already, we wish good luck to you and advice you to target business expansion in every part of India and Worldwide:

  • You can choose to appoint distributors for ready-to-eat products, ready- to- eat food franchise or choose RTE sales reps.

Now those having interest in this business, but not have enough capital to start:

Tell us how did you find this post and it helped you or not. To know more about this business, feel free to write us on: helpdesk@getdistributors.com

 

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