Kellogg's seeking partnership with Haldiram's in India's snacks market
US based breakfast grain mammoth Kellogg intends to give a desi bend to its Indian operations. Over two decades subsequent to setting foot in India,
By: BONAFIDE RESEARCH & MARKETING PVT. LTD.
Kellogg is keen to diversify beyond its core breakfast cereal category and enter the ethnic snacks & sweets segment and has initiated talks to invest a 'significant' amount in the Delhi & Nagpur arms of Haldiram's. Haldiram's wants to scale up their domestic business & also improve global presence. The proposed transaction is limited only to the packaged products business of Haldiram's. Top snack maker Haldiram's has three areas of operations with Haldiram's Snacks and Ethnic Foods, which clocked around Rs 2,000 crore from the north last year, Nagpur-based Haldiram's Foods International that caters to western and southern Indian markets with annual sales around Rs 1,600 crore and Haldiram Bhujiawala, for the eastern market with revenues aaround Rs300 crore in 2016.
In the Asia Pacific region, cereal growth was led by India & Korea, according to the 2017 annual report of Kellogg. The Indian operations have been clocking double digit growth over the past seven years. Kellogg quoted "The food culture in India is evolving in a big way. We are getting our teams at the cutting edge of food evolution in the country to understand how the Indian palette is changing. Our strength is in the area of grains. That's what we do best."
Bonafide Research has published a new research report "India Extruded Snacks and Chips Market Outlook, 2023". The report provides deep analysis of the India extruded snacks and chips market with size in terms of both value and volume of extruded snacks and chips market and also provides market share of different segments. The report formed by segregating data from various sources and various time frames. It consists of various historic data and based on current situation of market and key factors provide forecast based on best suitable method. This could defiantly be helpful in identifying the market segments which are driving growth. The report consist profiles of leading companies and provide market share of their brands which would be helpful in examining market competition as well.
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Both Extruded snacks and Chips market has shown CAGR of more than 9% in Forecasted period. Increasing consumer's awareness towards healthy and packaged snacks has created a huge demand of Extruded Snacks and Chips in last five years. The market is so diverse that it can be classified based on the product base as well. For example; potato, rice, corn, cereals & pulses, gram flour, nuts and seeds based and the flavour/taste based such as salty, tangy, spicy, onion, garlic or cheese. With the entry of global and regional players that have capacity for R&D and capital to spend on understanding consumers, they can come up with new segments to satisfy the tastes and preferences of Indian consumers. As Indians are known for their affection towards local culinary taste and flavours, these players come up with a third type of savoury called "bridge snacks" meaning taste and flavour is local but the product format adopted is western. With higher purchasing power resulted due to the high economic development of India has resulted in changing preference of Indian consumers. The consumers are observed to be preferable from traditional snacks to western snacks of regional, national brands. PepsiCo, ITC, Parle, Prataap Snacks, Balaji Wafers, Haldiram are some leading existing palyers in Extruded and Chips Snacks Market.
Another report published by Bonafide Research "India Chips (Potato, Banana, Tortilla, Multigrain) Market overview, 2018-2023". India chips market has shown remarkable growth in past couple of years. The market is forecasted to grow with a CAGR of more than 9% in near future. Currently, the growing young population (below 15 years) represents a key segment for the potato chips market. Major factors driving the global demand of potato chips are growing urbanisation, rise in disposable incomes and rapidly changing lifestyles. A busy lifestyle coupled with long working hours have forced people to shift from elaborate luncheons and meals to desk snacks and packaged foods. Snack companies are branching out from original recipes and launching line extensions that deliver interesting ingredients, flavours and textures to consumers looking for new experiences or alternative ingredients for health reasons. Existing players includes PepsiCo, Balaji Wafers, Prataap Snacks, Haldiram, are some leading players in Chips Category.
Objective of the study:
• To analyse and forecast the India Chips market size, in terms of value and volume.
• To analyse and forecast the India Chips market size, in terms of volume.
• To define, classify and forecast Chips market on the basis of types like Potato, Tortilla, Multigrain, and Banana etc.
• To strategically profile leading players, which are operating in the Chips Snacks industry of India
Scope of the Report:
• Indian Snacks Market Outlook by Value by Volume & Forecast
• Indian organised and unorganised Snacks Market Outlook by Value by Volume & Forecast
• Indian Potato Chips, Tortilla Chips, Banana Chips, Multigrain Chips and other Market Size by Value, Volume & Forecast
• India Chips market Company share by Value
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