RTE food includes wide range of products viz. vegetarian/non- vegetarian, basic food/delectable desserts, south and north Indian items available from a specialty or multi cuisine restaurant & food joint only.
India has made lot of progress in agriculture & food sectors since independence in terms of growth in output, yields and processing. It has gone through a green revolution, a white revolution, a yellow revolution and a blue revolution. Today, India is the largest producer of milk, fruits, cashew nuts, coconuts and tea in the world, the second largest producer of wheat, vegetables, sugar and fish and the third largest producer of tobacco and rice. Now the time is to provide better food processing & its marketing infrastructure for Indian industries to serve good quality & safest processed food like ready to eat food. It is opening a new window in world scenario as far as taste & acceptance is concerned. Therefore, Indian Government is providing more infrastructures for this sector.
The application of sterilization technology completely destroys all potentially harmful micro-organisms, thereby making sure that the food product has a very long shelf life of over 12 months and needed no refrigeration. When customer needs to eat, the food item pouch is either put in microwave oven to warm it or keep in heated water for a few minutes and then serve to eat. Such ready to eat meals have been especially given to soldiers in army of many countries who require carrying their rations while on war front or while located far away from their main unit.
Uses and Application
There are many uses and applications for ready to eat food. For example:
1. You could start a catering business.
2. Food delivery service.
3. A meal prep service.
4. There are many healthy and delicious recipes that you can make with ready to eat food. In today’s busy world, more and more people are looking for quick and easy meal solutions that don't sacrifice taste or nutrition.
5. Ready to eat food is a great way to add variety to your diet and get all the nutrients your body needs.
Indian Market
The Indian cooking styles have undergone considerable changes over the past few years owing to the advent of modern technology and several other changes such as urbanization, increasing working population, increase in female work population and the rise of nuclear families. People have been increasingly shifting to ready-to-eat food items in order to save the time involved in preparing meals. With the growing media awareness, literacy rates and standard of living, people have grown more responsive towards the health and hygiene standards associated with food products.
The Indian food and grocery market is the world’s sixth largest, with retail contributing 70 percent of the sales. The Indian food processing industry accounts for 32 percent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It is believed that the Food Processing industry will be a US$ 25 billion market in India by 2020. Out of which, the serviceable metro market is expected to be close to almost US$ 20 billion. The past couple of years have seen a tremendous growth of this segment due to high consumer acceptance for convenience food nationwide.
Global Market
RTE food market is expected to grow at a 21.8-percent compound annual growth rate (CAGR) between 2018 and 2023. The demand for healthy and convenient ready-to-eat (RTE) food is on the rise. Already the largest segment in the overall conventional and non-conventional food industry.
There are some important considerations as these companies look to the future.
1. Design facility layout for future growth
2. Plan for food-safe facility expansions
3. Consider geographic expansion
4. Prepare for automation and robotics
Industry Major Market Players:
1. Nomad Foods Ltd.
2. McCain Foods Ltd
3. Conagra Brands, Inc.
4. Nestlé S.A.
5. General Mills
Cost Estimation
Capacity:
Vegetable Pulao 3,000 Kgs. per day
Dal Makhani 2,000 Kgs. per day
Palak 600 Kgs. per day
Rajma 700 Kgs. per day
Potato Peas 600 Kgs. per day
Matar Mushroom 250 Kgs. per day
