‘India Food Tech Market’ Latest Research Report provides an up-to-date analysis of the growth opportunities and trends in the market’s development up to 2032. With a focus on the India Food Tech market, this report offers a thorough examination of the factors driving market growth as well as the restraints influencing its progress. By employing both qualitative and quantitative methodologies, this report presents a comprehensive analysis of the market landscape. It equips companies with valuable insights and data to make informed decisions about their business strategies and identify potential areas for growth. “Ask for Free Sample Report”
Market Overview
The comprehensive analyses of the most recent trends, growth prospects, and market growth drivers are offered to readers of the global market research reports. The COVID-19 effects on the India Food Tech Market are also discussed in detail in the research, along with the market’s predicted compound annual growth rate (CAGR) from 2023 to 2032.
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The foodtech market in India was valued at INR 289.36 Bn in 2019 and is expected to reach INR 1,868.19 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~39% during the 2021 to 2025 period.
The foodtech market in India is an emergent but fast-growing market that has experienced remarkable growth from 2015 onwards. The majority of the key players are startups and are at nascent stages of growth. Some of the main players that operate in the market in India are Swiggy, Zomato, BigBasket, Jubilant Foods, Freshmenu, and Licious.
Market insights:
Rapid urbanization, growth in the number of working youth, and increased adoption of the internet and smartphones are a few of the significant factors that propel market growth. Lucrative offers and discounts provided by various aggregators on their apps and the ease of doorstep delivery are further driving the market. However, the dominance of unorganized players across tier II and tier II cities and the significantly low penetration of internet in tier III cities deter its growth.
Segment insights:
On the basis of product type, the foodtech market in India is broadly categorized into two segments online food delivery and online grocery. In terms of revenue, the online food delivery segment dominated the foodtech market, accounting for 67.13% of the overall revenue in 2020. 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.
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COVID-19 impact analysis:
During the initial stages of the COVID-19 pandemic, the market experienced a setback mainly because the online food delivery market was severely impacted by the nationwide lockdown. The frequency of online food ordering declined initially because consumers were concerned about their health and the availability of delivery agents fell due to the scarcity of jobs and migration of labor during. 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. Furthermore, the increased penetration of the internet in tier II and tier II cities since the pandemic has helped these companies reach out to more people and expand their delivery services. The importance of online transactions and other online activities were realized during the pandemic, both by customers, as well as investors. This will help the foodtech market to grow 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.
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Core Chapters:
Chapter 1: Introduction: This chapter outlines the scope of the report and provides an executive summary of the different market segments, including the market size, future development potential, and evolution of the market in the short to mid-term and long term.
Chapter 2: Competitive Landscape: Here, we conduct a detailed analysis of the competitive landscape of India Food Tech manufacturers, including price, output, and revenue market share, latest development plans, mergers, and acquisition information.
Chapter 3: Production and Value Analysis: This chapter provides a quantitative analysis of the production/output and value of India Food Tech by region/country, identifying the market size and development potential of each region in the next six years.
Chapter 4: Consumption Analysis: We analyze the consumption of India Food Tech in different regions and countries, introducing the market development, future prospects, market space, and capacity of each country in the world.
Chapter 5: Product Segment Analysis: This chapter provides an analysis of various market segments according to product type, covering the market size and development potential of each market segment.
Chapter 6: Application Segment Analysis: We analyze various market segments according to application, covering the market size and development potential of each market segment.
Chapter 7: Company Profiles: This chapter provides detailed profiles of key players in the market, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Industrial Chain Analysis: Here, we analyze the industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales Channel Analysis: We analyze the sales channel, distributors, and customers in this chapter.
Chapter 10: Market Dynamics Analysis: This chapter introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, and risks faced by manufacturers in the industry, along with an analysis of relevant policies.
Chapter 11: Production and Supply Forecast: We provide a production and supply forecast for the global and regional market.
Chapter 12: Consumption and Demand Forecast: This chapter provides a consumption and demand forecast for the global and regional market.
Chapter 13: Type and Application Forecast: We provide a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 14: Conclusion: Finally, we present the main points and conclusions of the report, providing readers with a comprehensive understanding of the market and its potential growth prospects.
Our most recent research report showcases the thriving expansion of the India Food Tech Market and offers in-depth insights into the projected market size, share, and revenue until 2032.
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