Indian Cuisine Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Indian Cuisine Market Growth

The shift towards plant-based food items is expected to sustain the demand for natural and organic meals in Asia. In 2020, nearly 13% of the Asian population was found to be vegan, with a substantial portion of people in countries such as Indonesia (over 40%), Thailand (37%), Hong Kong (27%), and Myanmar (over 30%) expected to switch to a vegetarian diet. 87% of the citizens belonging to ASEAN nations advocate for the implementation of stringent laws against animal testing to promote a safe environment for animals and switch to a more natural diet. This is expected to boost the popularity of Indian cuisines, such as khichdi, across the region, thereby promoting Indian cuisine market expansion.

Khichdi is a one-pot meal that is a combination of ghee, rice, and lentils. It is a wholesome dish which incorporates proteins, carbohydrates, good fats, and all the 9 essential amino acids. Turmeric, ginger, cumin, carom seeds, pepper, and asafoetida are some of the most common spices added to khichdi for enhancing its flavours. With the shift towards healthy eating, khichdi is expected to become popular pan-Asia as it facilitates food digestion, regulates blood sugar levels, and resolves respiratory problems. Other dishes such as shahi paneer, biryani, daal bati churma, aloo bharta, and samosas are also expected to gain significant appeal among Asians over the forecast period.

Key Trends and Developments

Indian Cuisine Market Trends

Butter chicken is typically served with naan, rice pilaf, and salad. It is mainly prepared with ingredients like tomatoes, cream, yoghurt, vegetable oil, garlic, onion, and whole spices. Its flavour has significant regional variations, as different Southeast Asian nations prepare it to use locally sourced ingredients. Butter chicken enjoys great appeal among different countries, including Malaysia, Thailand, Singapore, Vietnam, and Indonesia. Rising consumption of the dish is expected to drive the Indian cuisine market value over the forecast period.

India Cuisine Industry Segmentation

Indian Cuisine Market Share

Based on region, the market is segmented into Southeast Asia, East Asia, South Asia, and Central Asia. Southeast Asia is projected to dominate the market, representing 19% of the overall market share. Over the forecast period, East Asia is expected to grow rapidly at a CAGR of 10% as the appeal for online retail platforms providing ready-to-cook food products is increasing in the region.

Leading Companies in the Indian Cuisine Market

Major companies are focusing on key markets such as Israel for introducing new variety of cuisines. With the rising consumer appeal for kosher restaurants, companies are expanding their presence in Israel, which boasts a high number of vegan eaters. This is expected to favourably shape Indian cuisine market share.

Premier Foods Inc.

Premier Foods Inc. was founded in 1975 and is headquartered in Hertforshire, United Kingdom. It is engaged in manufacturing and distributing fast moving consumer goods and grocery items worldwide.

Ab World Foods Asia Ltd.

Ab World Foods Asia Ltd. was founded in 2008 and is headquartered in Berkshire, United Kingdom. It is a part o...

Passage Foods Pty Ltd.

Passage Foods Pty Ltd. was born of Flavours, an Australian food manufacturing business founded in 2004. The co...

Unilever

Unilever was founded in 1872 and is headquartered in London, United Kingdom. It is engaged in manufacturing a ...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the Indian cuisine market report are CURRY & SPICES CO.,LTD. (Namjai), Foodstuffs Own Brands Limited (FOBL), and Unilever (Rajah), among others.