New Delhi, April 23 (IANS) India’s ready-to-drink (RTD) non-alcoholic beverage market has entered a new growth phase, and is expected to double from roughly $20 billion in 2025 to $40 billion by 2030, a report said on Thursday.The report from Redseer Strategy Consultants said the growth will be driven by the rise of quick commerce, especially in the RTD category that saw over 100 per cent growth.It noted a structural shift in consumption patterns from planned stock-up buying to immediate, need…
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New Delhi, March 19 (IANS) India’s packaged food and beverages (F&B) market is set to enter a new phase of growth, projected to expand to over $150 billion by 2030 from around $100 billion currently, driven largely by the rapid rise of quick commerce, a report said on Thursday.The report by Redseer said the quick commerce segment alone is expected to scale from $4 billion at present to over $25 billion in gross merchandise value (GMV) by 2030, led by rising demand for speed, convenience an…
Mumbai, Feb 27 (IANS) Gen X (people born between 1965 and 1980) are expected to consume over $500 billion worth of goods and services by FY30, making the cohort “a disproportionately valuable driver of durable premium growth,” a report said on Friday.The report from market research firm RedSeer said the consumption growth will be supported by a steady rise in per-capita consumption.Preventive healthcare spending by Gen X is projected to scale to $73 billion by FY30 at a 17 per cent compound annu…