Market

Health food market to hit $30 billion by 2026: Avendus Capital

Marquee investing banking agency Avendus Capital’s research signifies that India is the quickest rising well being meals market and is rising at 20% CAGR, which is 3x the worldwide common and 1.5x India’s whole packaged F&B market.

Demand for well being and wellness meals is anticipated to undergo the roof, even after the continued pandemic ends. Rising at a CAGR of 20%, India is the quickest rising marketplace for well being meals and is estimated to be $30 billion within the subsequent 5 years.

Marquee investing banking agency Avendus Capital’s research signifies that India is the quickest rising well being meals market and is rising at 20% CAGR, which is 3x the worldwide common and 1.5x India’s whole packaged F&B market.

In line with a research accomplished by Avendus Capital, India is experiencing a wave of health-conscious shoppers influencing a structural shift in meals preferences and buy selections in direction of wholesome alternate options and higher substances, particularly amongst millennials and their households. It estimates that there can be a 2x enhance in per capita spending on well being meals by 2026.

Abha Agarwal, govt director and Co-head, Client, Monetary Establishments Group (FIG) & Enterprise Providers, Avendus Capital says, “At Avendus, we’re very bullish concerning the prospects and the worth creation alternative for the well being meals area in India. The final decade noticed the emergence of many well being meals manufacturers that raised PE/VC funding. With such manufacturers reaching satisfactory scale and demonstrating model power, we anticipate to see elevated transaction exercise and consolidation over the subsequent 10 years.”

Market enlargement in India can be pushed by a number of levers. Indian shoppers, particularly millennials, are looking out for useful and wholesome substances, driving innovation into new meals classes equivalent to plant-based alternate options. With rising disposable earnings, health-oriented spending is taking on a bigger pockets share. On the availability facet, with rising e-commerce penetration, digital has develop into a way for product discovery and buy, permitting many new well being meals manufacturers to emerge. Massive F&B corporations are evaluating natural and inorganic progress methods to seize this market.

Well being meals manufacturers funded by personal fairness corporations command excessive valuations when in comparison with conventional gamers. The multiples are increased given the big potential addressable market as shoppers lean in direction of conscious, more healthy decisions.



Supply hyperlink

Leave a Reply

Your email address will not be published.