Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 24885.8161988786 USD Million |
| 2019 | 25915.8972942063 USD Million |
| 2020 | 24216.3587079612 USD Million |
| 2021 | 24866.6800919982 USD Million |
| 2022 | 25642.1560690065 USD Million |
| 2023 | 26659.3846685408 USD Million |
| 2024 | 27896.4816450986 USD Million |
| 2025 | 29362.7325922958 USD Million |
| 2026 | 30942.3771177572 USD Million |
| 2027 | 32769.3877060002 USD Million |
| 2028 | 35045.8679419824 USD Million |
| 2029 | 37410.9698565918 USD Million |
| 2030 | 40009.7875261162 USD Million |
| 2031 | 42828.7320908539 USD Million |
| 2032 | 45931.1898045979 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The demand of India's pre-packaged food market is witnessing a healthy growth in recent years with more and more people choosing convenience food over home-cooked meals. Pre-packaged food products offer convenience, ease of preparation, and cost savings, thus making them a preferred choice of food-seeking convenience. Manufacturers are taking initiatives to innovate products to meet the diversified preferences. This is being done by introducing differentiated products and services such as catering to health conscious consumers with whole grain, low-calorie items; providing gluten-free and vegan items; using nutritious ingredients with natural preservatives; and exploring new channels such as online grocery stores and delivery services. Such dynamics are likely to create strong opportunities to tap into the pre-packaged food market in the coming years. At the same time, increasingly discerning and sophisticated consumers are exhibiting a growing inclination for organic and natural food products, instead of processed and packed food products. The heightened health concerns provide further impetus to the growth of organic pre-packaged food. Innovative food options such as frozen, shelf-stable, on-the-go, microwaveable, as well as other convenient foods available through new delivery channels are appearing as the growing demand for convenience is impacting the pre-packaged food market profoundly.
This is further creating new opportunities in the market for producers of ready-to-eat food products, such as frozen meals, microwavable pizzas, microwaveable soup pouches, and ready-to-eat breakfast cereals. Moreover, the emergence of new retail formats such as kiosks and convenience stores is likely to be benefitting the pre-packaged food market as these formats offer greater flexibility to customers in terms of product selection, timeliness, and convenience. Overall, the booming trend of convenience foods, continuing lifestyle changes, technology advancement, government initiatives, and favorable regulations are creating a conducive environment for pre-packaged food market to thrive in India. The growing demand of pre-packaged food products in the country is likely to remain strong from 2018 to 2032.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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