Urban folk reluctant to give up sweets, says survey
₹3,19,400 crore in FY22. By FY26, this is expected to touch ₹4,88,300 crore.
“The landscape of the Indian packaged food industry is undergoing a swift transformation, driven by evolving consumer preferences. Consumers are increasingly demanding innovative and better-quality foods.
This includes a surge in demand for items such as artisanal biscuits, wholesome snacks, ready-to-eat and ready-to-cook meals, and a wide variety of sauces, among others. As consumers allocate more of their spending towards value-added food products, the packaged food industry finds itself brimming with opportunities for growth," according to a report by taxation and advisory firm BDO India.Milestone Alert!
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