IMARC Group latest research study “Indian snacks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the Indian snacks market size reached INR 38,603 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 70,731 Crore by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.
Snacks are light, small-size meals, generally consumed between regular meals as an appetizer or side dish to the main meal. Some commonly known snacks are bhel, khakhra, idli, sev, samosa, chikki, banana chips, popcorn, idli, vada pav, masala peanuts, dabeli, ganthiya, mathri, pakora, grilled sandwich, fryums, and poha. They are made from several ingredients such as corn, rice, potatoes, nuts, flour, fruits, grains, vegetables, and oil, which can be baked or fried and available in numerous flavors such as salty, sour, sweet, and spicy. As a result, snacks are gaining immense popularity in India as it is widely preferred by individuals due to their long shelf-life, easy storage, and satisfying taste.
Request a PDF Sample for more detailed market insights: https://www.imarcgroup.com/india-snacks-market/requestsample
Indian Snacks Market Trends and Drivers:
The market is primarily driven by the growing consumption of processed food due to hectic work schedules and sedentary lifestyles. In addition, rapid urbanization, changing dietary preferences, improving living standards, and the popularity of ethnic snacks such as khaman, jalebi, dahi vada, murukku or chakri, and papad are contributing to the market growth.
Moreover, the implementation of various quality standards by the Food Safety and Standards Authority of India (FSSAI) represents another major growth-inducing factor. Besides this, the rising popularity of organic, natural, gluten-free, and low-calorie ingredients for healthy snacking among health-conscious consumers is providing a positive thrust to the market growth.
Along with this, the introduction of value-added products in numerous textures, flavors, seasonings, and shapes is attracting a wider consumer base which is accelerating the product adoption rate. Furthermore, the increasing number of luxurious snack brands in India serving clean-label, premium, and gourmet variants are also propelling the market growth.
Indian Snacks Market Report Scope
Report Coverage
Details
Market size value in 2022
INR 38,603 Crore
Market forecast in 2028
INR 70,731 Crore
Growth Rate
CAGR of 10.4% from 2023 to 2028
Base year for estimation
2022
Historical data
2017-2022
Forecast period
2023-2028
Indian Snacks Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the Indian snacks companies 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.
The report has segmented the market on the basis of region, product type, pack type, pack size and distribution channel.
Breakup by Product Type:
Breakup by States
Breakup by Pack Type
Breakup by Pack Size
Breakup by Distribution Channel
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-snacks-market
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
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.
Browse Other Research Report By IMARC Group:
Biscuits Market Report : https://www.imarcgroup.com/biscuits-market
India Packaged Rice Market Report : https://www.imarcgroup.com/india-packaged-rice-market
India Probiotic Drinks Market Report : https://www.imarcgroup.com/india-probiotic-drinks-market
India Probiotics Market Report : https://www.imarcgroup.com/india-probiotics-market
Nigeria Yogurt Drinks Market Report : https://www.imarcgroup.com/nigeria-yogurt-drinks-market
India Used Cooking Oil Market Report : https://www.imarcgroup.com/india-used-cooking-oil-market
India Packaged Jaggery Market Report : https://www.imarcgroup.com/india-packaged-jaggery-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Elena AndersonEmail: Send EmailPhone: +1-631-791-1145Address:134 N 4th St. City: BrooklynState: NYCountry: United StatesWebsite: https://www.imarcgroup.com