The macro environment in India has become favourable for Value Added Food Products. Following are three key drivers of change:
1) Advent of Modern Trade. Organised retail like Reliance Fresh, Big Bazar, Easy Day, Spar, Food World, Nilgiris has played an important in development of the category. They typically have complete range of 2-3 players in open chest freezers / vertical deep freezers.
2) Changing Demographic. India is a young country where majority of population lies between 20 - 35 age group. Sectors like IT / Telecom / Call Center has given high disposable income in their hands. They look for convenience and are more than willing to try out new things
3) Replacement of Traditional Snacks. Chicken Sausage / Salami / Fingers / Nuggets / French Fries / Cutlet are replacing the traditional snacks like Samosa / Kachhori. Reason is hygiene, convenience and exotic taste.