The “Food Tech Market in India 2021” report has been added to ResearchAndMarkets.com’s providing.
The foodtech market in India was valued at INR 289.36 Bn in 2019 and is predicted to succeed in INR 1,868.19 Bn by 2025, increasing at a compound annual progress fee (CAGR) of ~39% in the course of the 2021 – 2025 interval.
The foodtech market in India is an emergent however fast-growing market that has skilled exceptional progress from 2015 onwards. The vast majority of the important thing gamers are startups and are at nascent levels of progress.
Among the predominant gamers that function out there in India are Swiggy, Zomato, BigBasket, Jubilant Meals, Freshmenu, and Licious.
Fast urbanization, progress within the variety of working youth, and elevated adoption of the web and smartphones are a number of of the numerous elements that propel market progress. Profitable presents and reductions offered by varied aggregators on their apps and the benefit of doorstep supply are additional driving the market. Nonetheless, the dominance of unorganized gamers throughout tier II and tier II cities and the considerably low penetration of web in tier III cities deter its progress.
On the idea of product kind, the foodtech market in India is broadly categorized into two segments – on-line meals supply and on-line grocery. By way of income, the web meals supply section dominated the foodtech market, accounting for 67.13% of the general income in 2020. The net grocery section is predicted to witness excessive progress in the course of the forecast interval and is prone to dominate the market by the top of 2025, accounting for ~55.10% of the sector.
COVID-19 impression evaluation:
In the course of the preliminary levels of the COVID-19 pandemic, the market skilled a setback primarily as a result of the web meals supply market was severely impacted by the nationwide lockdown. The frequency of on-line meals ordering declined initially as a result of shoppers have been involved about their well being and the supply of supply brokers fell because of the shortage of jobs and migration of labor throughout.
Nonetheless, many meals service startups expanded their companies past restaurant meals supply to focus on new clients and retain present clients with different forms of supply providers.
Moreover, the elevated penetration of the web in tier II and tier II cities because the pandemic has helped these firms attain out to extra folks and broaden their supply providers. The significance of on-line transactions and different on-line actions have been realized in the course of the pandemic, each by clients, in addition to traders. This can assist the foodtech market to develop all through the forecast interval.
Jubilant FoodWorks Restricted
Bundl Applied sciences Pvt. Ltd. (Swiggy)
FoodVista India Non-public Restricted (FreshMenu)
Grofers India Pvt. Ltd.
Home of Licious
Insurgent Meals Pvt. Ltd.
Grocery store Grocery Provides Pvt. Ltd. (BigBasket)
Zomato Media Pvt. Ltd.
Amazon India Ltd.
Key Subjects Lined:
Chapter 1: Govt abstract
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and construction
Chapter 4: Market overview
4.1. Foodtech market in India – An summary
4.1.1. Market dimension and progress forecast based mostly on worth (2018 – 2025e)
Chapter 5: Market segmentation
5.1. Foodtech market in India – Market segmentation
5.1.1. India foodtech market share based mostly on kind (2020 and 2025e)
5.2. India on-line meals supply market dimension and progress forecast (2018 – 2025e)
5.3. India on-line grocery market dimension and progress forecast (2018 – 2025e)
Chapter 6: Expertise Influence
6.1. Key applied sciences
Chapter 7: COVID-19 impression evaluation
7.1. COVID-19 impression evaluation
Chapter 8: Market influencers
8.1. Market influencers
Chapter 9: Aggressive panorama
Chapter 10: Funding and investments
10.1. Funding and investments
Chapter 11: Current developments
11.1. Current developments
Chapter 12: Appendix
For extra details about this report go to https://www.researchandmarkets.com/r/8i0nqm
View supply model on businesswire.com: https://www.businesswire.com/news/home/20210414005456/en/
Laura Wooden, Senior Press Supervisor
For E.S.T Workplace Hours Name 1-917-300-0470
For U.S./CAN Toll Free Name 1-800-526-8630
For GMT Workplace Hours Name +353-1-416-8900
— to finance.yahoo.com