Increasing
disposable income, changing lifestyle and increasing number of modern retail
outlets to driveIndia condiments market through 2024
According to a report released by TechSci Research, ‘India
CondimentsMarket Forecast & Opportunities 2014-2024’, theIndia condiments market is anticipated to register growth at a
CAGR of over 13%, during 2019-2024.The
market is anticipated to witness tremendous growth on account ofintroduction of
innovative products and their easy availability through online, traditional and
modern trade.Moreover, rising awareness about international cuisine coupled
with increasing modern retail outlets offering price and convenience advantages,
would further steer growth in the market over the next five years.
Browse Figures spread through Pages and an in-depth TOC on"India
Condiments Market"
Amongregions, North and West region are the leading regions in the India condimentsmarket. Both the regions are expected to
experience expanding demand forcondiments during forecast period as well owing
to changing lifestyles and adoption of various condiments and their
varietiesalong with rising
population in these regions. On the basis of type,India condiments market is segmented
into sauces and ketchup, pickle, mayonnaise & dressingsand others. Of all,sauces
and ketchup segment dominates the market due
to relatively new conceptsand numerous variants available in the segment.Nestle India Limited, Field
Fresh Foods Private Limited (Del Monte), Hindustan Unilever Limited, Cremica
Food Industries Limited and Dr.Oetker India Pvt. Ltd. are some of the leading players in India condiments
market.
Customers can also
request for 10% free customization on this report.
“India condiments market
is witnessing growth owing to consumershaving interest in different tastes
andmulti-cuisines. Moreover, rapid urbanization, development in economy with consumers
having higher incomes at their disposal and growing working class population
base in the country is shifting focus of people towards innovative products
such as sugar-free, gluten free and non-GMO condimentswhich is fueling the trend
of healthy living as consumers, nowadays, are becoming conscious about health
and are searching for products that provide health benefits along with taste.Additionally,
increasing focus on R&D activities in food industry is resulting innovative
product offerings with improved quality, which would further steer growth in the market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based globalmanagement
consulting firm.
“India CondimentsMarket
Forecast & Opportunities, 2024”has evaluated the future growth potential of condimentsmarket
and provides statistics and information on market structure, size, share and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in Indiacondimentsmarket.
About TechSci Research
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