The market is dominated by domestic suppliers, as imports account for 3.1% of total market size in 2023. Households drive market demand, with household spending representing 56.6% of total demand in 2023. India has the third largest market size for coffee, tea, spices and ready meals regionally, with demand reaching USD22.5 billion in 2023. Hindustan Unilever Ltd is the largest company in India, generating 29.7% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 74.5% of total production value in 2023. The total number of companies decreases in 2023, to 968,710 units. The costs of the industry increase by 1.9% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 10.2% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 10.9% of total production output. With production value of USD19.1 billion, India accounts for 4.9% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Coffee, Tea, Spices and Ready Meals in India: ISIC 1549. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coffee, Tea, Spices and Ready Meals in India: ISIC 1549 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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