Report Ocean introduces a fresh report examining the “India Food Tech Market” encompassing its size, share, growth, industry trends, and forecast up to 2030. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
The foodtech market in India was valued at INR 289.36 Billion in 2019 and is expected to reach INR 1,868.19 Billion by 2025, growing at a CAGR of ~39% during the 2021-2025 period.
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The foodtech market in India is a rapidly growing market that has experienced significant growth from 2015 onwards, with the majority of key players being startups. Swiggy, Zomato, BigBasket, Jubilant Foods, Freshmenu, and Licious are some of the main players operating in the market.
The growth is driven by factors such as rapid urbanization, growth in the number of working youth, increased adoption of the internet and smartphones, lucrative offers and discounts provided by aggregators, and ease of doorstep delivery. However, the low penetration of the internet in tier III cities and the dominance of unorganized players across tier II and tier III cities deter the growth of the market.
The foodtech market in India is broadly categorized into two segments – online food delivery and online grocery. In 2020, the online food delivery segment dominated the foodtech market, accounting for 67.13% of the overall revenue. However, the online grocery segment is expected to witness high growth during the forecast period and is likely to dominate the market by the end of 2025, accounting for ~55.10% of the sector.
The initial stages of the COVID-19 pandemic impacted the foodtech market, mainly because the online food delivery market was severely affected by the nationwide lockdown. However, many food service startups expanded their businesses beyond restaurant food delivery to target new customers and retain existing customers with other types of delivery services. The increased penetration of the internet in tier II and tier III cities since the pandemic has helped these companies reach out to more people and expand their delivery services. This realization of the importance of online transactions and other online activities during the pandemic will help the foodtech market grow throughout the forecast period.
Some of the companies covered in the foodtech market in India are Jubilant FoodWorks Limited, Swiggy, FreshMenu, Grofers India Pvt. Ltd., House of Licious, Milkbasket, Rebel Foods Pvt. Ltd., BigBasket, Zomato Media Pvt. Ltd., and Amazon India Ltd.
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The report addresses the following key questions regarding the India Food Tech market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Food Tech in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Food Tech market?
- What is the market share of the top 5 players in the India Food Tech market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Food Tech market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Food Tech market?
- What are the challenges related to the supply chain and logistics that India Food Tech market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Food Tech market?
- What are the potential risks and uncertainties associated with investing in the India Food Tech market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Food Tech market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Food Tech market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Food Tech market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Food Tech business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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