India Snacks Market And Size Forecast Report 2024-2028
Indian Snack Market will reach US$ 23.69 Billion in 2028 and it will expand at a CAGR of 12% from 2023 to 2028, according to Renub Research. India has become one of the five fastest-growing economies in the world. With rising urbanization, changing consumption patterns, and a vast domestic market to cater the opportunities for various products and their individual needs. As a result, the snack industry is expanding fast, with the snacks market in India growing multi-fold yearly. Snack market hyper-growth has led to hyper-competition among snacks companies, which now focus on innovative product development, ramping up a distribution network, and price promotions to stay ahead of the game.