India's Food & Beverage Sector Sees Premiumisation Trend with Challenger Brands
Challenger brands ride the premium wave in India’s evolving F&B sector
The Economic TimesImage: The Economic Times
The Indian food and beverage industry is experiencing a significant shift towards premiumisation, driven by a new generation of consumers willing to pay more for quality and health benefits. The snacks market is projected to grow from ₹42,695 crore in 2023 to over ₹95,000 crore by 2032, reflecting changing consumer preferences and a demand for innovative, health-conscious products.
- 01The Indian snacks market is expected to grow from ₹42,695 crore in 2023 to over ₹95,000 crore by 2032.
- 02Health consciousness and demand for clean ingredients are reshaping consumer preferences.
- 03Younger, urban consumers are driving the trend towards premiumisation with a focus on quality and global flavors.
- 04Challenger brands like Natch are redefining premium snacking by emphasizing storytelling and unique ingredients.
- 05The growth of online grocery platforms is accelerating exposure to international food trends.
Advertisement
In-Article Ad
The Indian food and beverage industry is undergoing a transformation towards premiumisation, where consumers prioritize quality and health over affordability. The snacks market, valued at ₹42,695 crore in 2023, is projected to exceed ₹95,000 crore by 2032, growing at nearly 10% annually. This shift is largely driven by younger urban consumers who are well-traveled and digitally savvy, leading to a surge in demand for innovative and health-conscious snacks. For instance, the demand for Korean snacks on Swiggy Instamart increased nearly fivefold in 2025 compared to the previous year, highlighting a growing appetite for international flavors. Additionally, more than half of Indian consumers now prefer preservative-free snacks, reflecting a trend towards clean ingredients and eco-conscious packaging. Brands like Natch, based in Mumbai, are capitalizing on this trend by offering globally-inspired flavors and distinctive products that prioritize quality and experience over price. As incomes rise and digital commerce expands, the future of Indian snacking is set to be not only larger but also better, focusing on taste, health, and storytelling.
Advertisement
In-Article Ad
The shift towards premiumisation means consumers will have access to healthier, more innovative snack options that fit their active lifestyles. This could lead to better nutrition and more diverse food choices.
Advertisement
In-Article Ad
Reader Poll
Are you willing to pay more for premium snacks that prioritize health and quality?
Connecting to poll...
Read the original article
Visit the source for the complete story.


