India Food and Beverage Market: Analysis By Food (Breakfast Cereal, Savory snacks, Dairy Foods, Ingredients, Organic food, Confectionary and bakery, Others), By Beverage (Alcoholic, Non- Alcoholic): Opportunities and Forecast (2019 – 2024)

Date: 30 September 2019

According to the research report published by Azoth Analytics in September 2019, the India Food and Beverage Market was valued at USD 101.46 billion the year 2018. India Food and Beverage industry has been witnessing growth chiefly supported by ever increasing consumer spending, rising penetration of organic products and surging demand for health beverages.  
The Indian Food and Beverage market is primarily driven by growing urbanization and rapidly surging millennial population globally clubbed with increasing awareness among consumers regarding the crucial role of organic food and beverages in maintaining body weight, repairing muscles and curing various chronic diseases followed by burgeoning demand arising from young population who is adopting a healthy lifestyle and is health conscious. This is driving considerable growth in the market for Food and Beverage industry during the period of 2014-2018.

Rising health awareness among generic population coupled with increasing number of product launches, surging penetration or organized retail and distribution industry are key factors anticipated to support the market for India Food and Beverage Industry during the forecast period. Companies engaged in manufacturing of organic food products have been investing heavily on marketing and distribution activity this has been further increasing the market share of organic food products in the country. 

Amongst the regions, North India accounts for the largest regional share in India Food and Beverage market in 2019. Growth in the beverage and packaged food  market in North India is chiefly accredited to rising adoption of healthy eating habits with growing investment in manufacturing and packaging industry followed by wide presence of major  leaders in the region such as Nestle, Patanjali and Dabur among various others which are focusing on providing high quality beverage and packaged food products and offering organic products in order to cater the needs of rising vegan or vegetarian population. ,