India Snacks Market Size, Share, Growth, Industry Report 2024-32

India Snacks Market Overview 2024-2032

 The latest report by IMARC Group, titled “India Snacks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the India snacks market report. The market size reached INR 42,694.9 Crore in 2023. Looking forward, IMARC Group expects the market to reach INR 95,521.8 Crore by 2032, exhibiting a growth rate (CAGR) of 9.08% during 2024-2032.

Snacks are small portions of food eaten between regular meals, typically to satisfy hunger or cravings. They are available in numerous forms, ranging from savory to sweet, and can be enjoyed at any time of the day. Snacking has become an integral part of modern eating habits, with many individuals incorporating snacks into their daily routines. Savory snacks include items such as potato chips, pretzels, popcorn, and nuts, providing a satisfying crunch and often savory or salty flavors. These snacks are popular choices for on-the-go consumption or as accompaniments to meals. Additionally, sweet snacks comprise of cookies, chocolate bars, fruit, and yogurt offering a delightful indulgence for those with a sweet tooth. These snacks can provide a quick energy boost and satisfy cravings for something sugary. Nowadays, there is a growing trend toward healthier snack options, including fresh fruits, vegetables with hummus or dip, nuts and seeds, yogurt with granola, and protein bars.

India Snacks Market Trends and Drivers:

The snacks market in India is primarily driven by the changing lifestyles and urbanization. It is escalating the demand for convenient and ready-to-eat (RTE) snack options. As more individuals move to urban areas and adopt busier schedules, there is a greater need for on-the-go snack solutions, driving the market expansion. Additionally, rising disposable incomes among the middle class are increasing purchasing power, allowing consumers to spend more on discretionary items such as snacks. This has led to a shift in consumption patterns, with a greater emphasis on indulgent and premium snack products.

Moreover, the growing influence of Western culture has introduced numerous international snack options to the Indian market, further diversifying choices and driving consumption. Furthermore, increasing health awareness among consumers has led to a demand for healthier snack alternatives, prompting manufacturers to innovate and offer products with natural ingredients, low fat, and reduced salt content. Besides this, the rise of e-commerce platforms has also played a significant role, providing consumers with convenient access to various snack products and enabling companies to reach a larger audience. Apart from this, aggressive marketing strategies and product innovations by major players in the industry have stimulated consumer interest and fueled market growth.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-snacks-market/requestsample

India Snacks Market 2024-2032 Analysis and Segmentation:

The report segmented the market on the basis of states, product type, pack type, pack size and distribution channel.

Product Type Insights:

• Chips
• Salted Peanuts
• Fryums
• Popcorns

Pack Type Insights:

• Pouch
• Others

Pack Size Insights:

• Less than 50 gm
• 50-100 gm
• More than 100 gm

Distribution Channel Insights:

• General Trade
• Modern Trade
• Online and E-Commerce
• Others

States Insights:

• Maharashtra
• Uttar Pradesh
• Delhi
• Gujarat
• Karnataka
• Andhra Pradesh
• Telangana
• Goa
• Others

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024- 2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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.

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