New York July 11, 2019 - A new report published by Research on Global Markets titled "Food Processing Market In India (2018-2023)" studies the performance of the Indian food processing market over a five year assessment period from 2018 to 2023. The report presents the value forecast of the Indian food processing market and provides key insights into the factors driving market growth as well as the factors restricting market growth. According to the Research On Global Markets analysts, the food market in India will expand at a compound annual growth rate (CAGR) of 11.5% during the 2018 - 2023 period, and reach a value ofINR 15,971.9 Bn in 2023.
Food processing market in India witnessing increased productivity
The Indian food processing market is one of the largest industries in India and ranks fifth in terms of production, consumption, and exports. Large availability of food infrastructure and diverse agro-climatic conditions, among other factors, shall make India one of the largest food processing hub. Foreign direct investment (FDI) and several other government initiatives in the Indian food processing industry is also aiding the country's food value-chain and creating multiple employment as well as investment opportunities in farming, retail, storage infrastructure, and quality control.
According to Research On Global Markets, the Indian food processing is witnessing considerable investments from the likes of Hindustan Unilever Limited, Pepsico India Holdings Private Limited, Cadbury India, Nestle India Limited, Mondelez International Incorporation, Pizza Hut (India) Private Limited, and Perfetti Van Melle India Private Limited, which in turn is driving the growth of this industry.
Food processing market in India: Segment analysis
The food processing industry in India is further segmented into ten categories - breakfast cereals, dairy food, bakery, organic food, confectionary, ready meals, naturally healthy beverages, pet food, ingredients, and savory snacks. These segments are increasingly gaining acceptance in the country, thereby creating immense opportunities for new as well as existing industry players to expand their business operations. Among these, breakfast cereals and savory snacks are the fastest growing segments and are expected to expand at a CAGR of ~19.23% and ~33.59%, respectively during the forecasted period.
Research On Global Markets tracks the performance of the major players in the India food processing sector including ADF Foods Limited, Dabur India Limited, ITC Limited, Kohinoor Foods Limited, Vadilal Industries Limited, Nestle India Limited, Adani Wilmar Limited, Gujarat Cooperative Milk Marketing Federation, MTR Foods Private Limited, and Ushodaya Enterprises Private Limited, among others.
Some of the key topics covered in this report are:
• Market size and growth forecast - value-wise (2016-2023e)
• Processing level percentage in different food segments
• India food processing market segmentation
• Segment-wise compounded annual growth rate (CAGR) (2016-2021e)
• Market attractiveness analysis of processed foods
• State-wise attractiveness for investment in the food processing market
• Key growth drivers of the market
• Key deterrents to the growth of the market
• Analysis of the competitive landscape
For more information on this market, request a free sample report.
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A new report published by Research on Global Markets titled "Smart Lighting Market In India (2018-2023)" studies the performance of the smart lighting market in India over a five year assessment period from 2018 to 2023.
The report presents the value forecast of the smart lighting market in India and provides key insights into the factors driving market growth as well as the factors restricting market growth.
According to the Research On Global Markets analysts, smart lighting market in India is projected to expand at a compound annual growth rate (CAGR) of approximately 38.44% during the 2018-2023 period, to reach a value of INR 373.7 Bn by 2023.Smart Lighting Market in India – Market SegmentationThe report published by Research On Global Markets features comprehensive analysis of the different segments of the Indian smart lighting market based on offering, lighting source, communication technology, and application type Among the different smart light sources used in India, the Light Emitting Diode (LED) bulbs segment holds the largest share (68%), owing to its cost-effectiveness and energy saving features.
Attractive discounts and rebates are also driving the market for LED bulbs, which are used for smart lighting across the country.In terms of application, 55% of smart lighting is used indoors, while the remaining is used for outdoor locations.
Steady adoption of connected lighting systems in residential and commercial zones is primarily contributing to the greater share of indoor applications in the Indian smart lighting market.
Moreover, within the communication technology segment, wired technology dominates the market with almost 62% market share, according to Research On Global Markets.
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