Report Ocean introduces a fresh report examining the ‘India Food Tech Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the India Food Tech Market, which includes a full table of contents, over 100 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
The foodtech market in India reached a valuation of INR 289.36 billion in 2019 and is projected to surge to INR 1,868.19 billion by 2025. This growth represents a robust compound annual growth rate (CAGR) of approximately 39% during the period from 2021 to 2025.
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India’s foodtech market has emerged as a rapidly growing sector, experiencing substantial growth since 2015. The landscape is largely shaped by startups in their early stages. Notable players in this dynamic market include Swiggy, Zomato, BigBasket, Jubilant Foods, Freshmenu, and Licious.
Market Insights:
Several key factors are fueling this growth, including rapid urbanization, a burgeoning population of young working professionals, and increased adoption of the internet and smartphones. The market is further driven by enticing offers and discounts provided by various aggregators on their mobile apps, coupled with the convenience of doorstep delivery. However, challenges persist in the form of unorganized players dominating tier II and tier III cities, as well as limited internet penetration in tier III areas.
Segment Insights:
The foodtech market in India can be broadly segmented into two primary categories: online food delivery and online grocery. In terms of revenue, the online food delivery segment dominated the market, contributing to 67.13% of the total revenue in 2020. However, the online grocery segment is expected to experience significant growth in the forecast period and is poised to become the dominant force, accounting for approximately 55.10% of the sector.
COVID-19 Impact Analysis:
The initial stages of the COVID-19 pandemic had a noticeable impact on the foodtech market, particularly in the online food delivery segment, which faced challenges due to the nationwide lockdown. Concerns over health and the scarcity of delivery personnel led to a temporary decline in online food orders. Nevertheless, many food service startups diversified their offerings beyond restaurant food delivery to attract new customers and retain existing ones through alternative delivery services. Additionally, the increased internet penetration in tier II and tier III cities since the pandemic has expanded the reach of these companies, helping them extend their delivery services. The pandemic underscored the significance of online transactions and other digital activities for both consumers and investors, offering growth opportunities for the foodtech market throughout the forecast period.
Companies Covered:
- Jubilant FoodWorks Limited
- Bundl Technologies Pvt. Ltd. (Swiggy)
- FoodVista India Private Limited (FreshMenu)
- Grofers India Pvt. Ltd.
- House of Licious
- Milkbasket
- Rebel Foods Pvt. Ltd.
- Supermarket Grocery Supplies Pvt. Ltd. (BigBasket)
- Zomato Media Pvt. Ltd.
- Amazon India Ltd.
Reasons to Consider Purchasing the India Food Tech Market Report:
Comprehensive Market Insights: Delve into the depths of the India Food Tech Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the India Food Tech market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the India Food Tech market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the India Food Tech market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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