Cooking ingredients and meals in 2024: The big picture
In 2024, cooking ingredients and meals in India is set to display solid growth in retail volume terms, along with a dynamic, double-digit increase in retail current value terms, with rising sales across all the main categories. Foodservice volume sales are also set to rise, due to increased consumption outside of the home, and the rising number of tourists.
Key trends in 2024
Indian consumers’ search for convenient breakfast and snacking options, including Western options, has been a major theme in cooking ingredients and meals in 2024. Consumers are increasingly including baked goods, sweet spreads, salads, and breakfast cereals as breakfast and snacking options due to their limited preparation time, which is driving demand for breakfast cereals, cooking and table sauces, and sweet spreads.
Competitive landscape
Adani Group is expected to maintain its comfortable lead in cooking ingredients and meals in India in retail value terms in 2024. It is also anticipated to remain the only player in the industry to hold a double-digit value share.
Channel developments
Small local grocers is expected to remain the most important distribution channel for cooking ingredients and meals in retail value terms in 2024, especially when it comes to high penetration categories such as edible oils, herbs and spices, and dry recipe sauces. This channel has the upper hand due to its strong reach in rural India, which has a limited presence of modern retail formats such as supermarkets and hypermarkets.
What next for cooking ingredients and meals?
Cooking ingredients and meals is expected to see solid growth in both retail volume and current value terms in India in the forecast period, with increases across all the main categories. The economic outlook for India is expected to remain strong during the forecast period, and consumers’ standard of living is expected to improve significantly, which will contribute to growth.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cooking Ingredients and Meals in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in India?
- Which are the leading brands in Cooking Ingredients and Meals in India?
- How are products distributed in Cooking Ingredients and Meals in India?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in India?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in India
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in India
KEY DATA FINDINGS
Prices of edible oils rise as the government increases basic customs duty
Consumers continue to shift to healthier oils
Retail e-commerce and modern grocery retailers gain share
The outlook for edible oils in India looks strong
Increasing local production high on the government’s agenda
High quality oils likely to see an increase in demand
Meals and Soups in India
KEY DATA FINDINGS
Meals and soups sees growth, with traditional Indian dishes popular in ready meals
The competition intensifies in both ready meals and soup
Retail e-commerce and modern grocery retailers dominate
Demand will remain strong as consumers prioritise convenience
Expanding beyond urban India will be a challenge, but consumption occasions will rise
Soup will have its own set of challenges
Sauces, Dips and Condiments in India
KEY DATA FINDINGS
Increased influence of Western culture drives demand for cooking and table sauces and dips
Veeba’s share more than triples over the review period
While e-commerce is gaining share, small local grocers continues to dominate
The outlook for sauces, dips and condiments remains strong
Increasing instances of product adulteration may challenge growth
Foodservice demand set to rise, especially for cooking and table sauces
Sweet Spreads in India
KEY DATA FINDINGS
Sweet spreads are becoming an integral part of Indian breakfasts
The competition intensifies, with newer players entering the category
Retail e-commerce gains significant share in sweet spreads
Improving standard of living will continue to drive sales of sweet spreads in India
Demand for healthy and clean label products will drive growth, especially those targeting children
Major players will look to scale beyond tier-1 cities
The following categories and subcategories are included:
Cooking Ingredients and Meals
-
- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
-
-
- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
-
- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
-
- Chilled Pizza
- Frozen Pizza
-
- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
-
-
-
-
- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
-
-
-
- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
-
- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
-
- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
-
-
- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!