(Food-Beverage-News.Com, January 17, 2018 ) A fresh report has been added to the wide database of Market Research Hub (MRH) titled “India Snacks Market Is Predicted To Grow With Double Digit CAGR during 2018 - 2024” which provides an outlook for Indian snacks industry value as well as the expected forecast. Industry is predicted to grow with double digit CAGR during 2018 to 2024. Snacks market in India is dived between organized players and unorganized market. At present Unorganized market is dominating the market but this scenario is expected to change during the forecast period of 2018-2024.
India snacks market will be an opportunity of more than INR 1 Billion by the end of 2024. Market is growing due to following factors Lifestyle Changes, Rising Urbanization, Growing Middle Class Population, Local Availability and Availability of Snacks in Small Package Size, Low Price and Company’s Strategies to focus on regional taste.
Consumer Survey on India Snacks Brands A consumer survey has also been done in the report on the snacks industry in India. The survey has been done on Snacks Price Range, Extruded Snacks Brands Consumers Like to Buy Chips Brands popular in Consumers, Namkeen Brands Consumers buying.
Large Number of Unorganized Players working in the India Snacks Market Large Number of players working in the India snacks market. Their presence is limited within a town, city or a particular area. They do not think too much for expansion. As a results, their main focus to develop snacks items according to the consumers taste in a particular area. This helps them to be popular in that region. Also their products are low priced compared to organized players.
Namkeen has the Highest Market Share in India Snacks Market India snacks market is segmented into Extruded Snacks, Chips, Namkeen and Others. In terms of market value share, Namkeen has the highest market share compared to all other segments Extruded Snacks, Chips and Others. At present, in both organized and unorganized market, Namkeen is the leading segment.
PepsiCo India is a Leading Player in the India Snacks Market Pratap Snacks, Balaji Wafers, DFM Foods, Bikanervala, Haldirams and PepsiCo India are some of the most popular snacks companies in the India organized snacks market. PepsiCo India has the highest its market share year compared to other snacks companies present in India.
Renub Research study titled “India Snacks Market, Forecast By (Organized & Unorganized) By Snacks (Extruded Snacks, Chips, Namkeen, Others) By Companies (Pratap Snacks, Balaji Wafers, DFM Foods, Bikanervala, Haldirams, PepsiCo) & Consumer Survey” provides a comprehensive assessment of the fast-evolving, high-growth India snacks Market. This market research report provides information on snacks market and market share by organized & unorganized sectors, snacks products segmentation by Extruded Snacks, Chips, Namkeen, Others; with key companies’ Business Strategies in India snacks market. This report also identifies the key Growth Drivers and Challenges of the industry. Primary research on consumer preferences of various snacks product segments, snacks prices and brands captured in this report.
India Snacks covered in this report has been studied from Following View Points:
• Primary Research on Consumers Preferences (snacks product segments, snacks prices and brands) • India Snacks Market Scenario (Total, Organized, Unorganized) • India Snacks Products Segment Scenario (Extruded Snacks, Chips, Namkeen & Others) • India Organized Snacks Market Scenario (Extruded Snacks, Chips, Namkeen & Others) • India Unorganized Snacks Market Scenario (Extruded Snacks, Chips, Namkeen & Others) • India Companies Analysis (Company Overview, Company Snacks Sales & Company Strategy) • India snacks Drivers & Challenges
Segments covered in this report • Organized Market • Unorganized Market
2. Consumer Survey – India Snacks Market 2.1 Consumer Profile 2.1.1 Consumers – Place of Residence 2.1.2 Consumers – Age Group 2.1.3 Consumers – Monthly Income Group 2.2 Consumer Survey Results 2.2.1 What is the most preferred Snacks Price Range 2.2.2 Which Extruded Snacks Brands Consumers Like to Buy 2.2.3 Which Chips Brands Consumers Like to Buy 2.2.4 Which Namkeen Brands Consumers Like to Buy 3. India Snacks Market & Forecast
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