India Branded Food Staple Market to Surge to INR 105,123.34 Crore by 2031, Growing at 10.1% CAGR
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, August 1, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โIndia Branded Food Staple Market1 by Product Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2022โ2031,โ The India branded food staple market size was valued at INR 27, 507.94 crore in 2017 and is projected to reach INR 105,123.34 crore by 2031, growing at a CAGR of 10.1% from 2022 to 2031.
๐๐๐๐๐ฌ๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/A74857
Drivers of Market Growth
Rise in Affluence and Urbanization
Increasing income levels and urban living standards are boosting demand for branded food staples.
Changing Consumer Preferences
There is a significant shift towards higher quality and safer food options among consumers.
Awareness of Food Safety and Quality
Enhanced knowledge about food safety standards encourages consumers to choose branded staples.
Opportunities in Pesticide-Free Products
Growing Demand for Sustainable Options
The demand for pesticide-free food products is increasing due to environmental concerns and sustainable agricultural practices.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/6e4712d6aa01a6a47e6abe704ebf2913
Government Initiatives
Indian government programs promoting organic farming are creating a favorable regulatory environment for pesticide-free branded food staples.
Consumer Trends
With rising affluence and changing preferences, pesticide-free branded staples are perceived as premium, safe, and high-quality options.
Expansion of Sales Channels
Online Retail
Growth: Fastest-growing distribution channel.
Benefits: Offers convenience, product variety, and price comparisons, leading to increased online shopping for food staples.
Internet Penetration
Data (September 2020): 776.45 million internet users and 726.32 million broadband connections.
Impact: Supports the expansion of online retail.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.alliedmarketresearch.com/purchase-enquiry/A74857
Convenience Stores and Local Shops
Increased availability of branded food staples in local stores is contributing to market growth.
Market Segmentation
By Product Type
Grains
Pulses: Projected to have the highest CAGR of 13.0%
Spices
Value-added Products
Others
By Distribution Channel
B2B: Expected to grow significantly
B2C
Competitive Landscape
Key Players
โข Green Agrevolution Pvt. Ltd. (DeHaat)
โข Sresta Natural Bioproducts Pvt. Ltd. (24 Mantra)
โข Khanal Foods Pvt Ltd. (Himalayan Natives)
โข Mangat Ram Dal Mill Pvt. Ltd.
โข NatureLand Organic Foods Pvt. Ltd.
โข Mehrotra Consumer Products Pvt. Ltd. (Organic Tattva)
โข Pro Nature Organic Foods Private Limited
โข Victoriafalls Ingredients Pvt. Ltd. (Rajdhani)
โข Safe Harvest Private Limited
โข Tata Consumer Products Limited (Tata Sampann)
๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐: https://www.alliedmarketresearch.com/request-for-customization/A74857
Key findings of the study
According to the India branded food staple market analysis, based on product type, the pulses segment is projected to witness the highest CAGR of 13.0%, in terms of revenue, during the forecast period.
According to the India branded food staple market trends, based on distribution channel, the B2B segment is expected to grow at a significant CAGR during the India branded food staple market forecast period.
๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
India Branded Food Staple Market to Surge to INR 105,123.34 Crore by 2031, Growing at 10.1% CAGR
๐๐ฏ๐ผ๐๐ ๐จ๐
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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