INDIA ORGANIC SNACKS MARKET 2027

FY2017 –FY2027 INDIA ORGANIC SNACKS MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Organic Snacks Organic snacks is food produced by methods complying with the standards of organic farming. Standards vary worldwide, but organic farming features practices that cycle resources, promote ecological balance, and conserve biodiversity. Organizations regulating organic products may restrict the use of certain pesticides and fertilizers in the farming methods used to produce such products. Organic snacks typically are not processed using irradiation, industrial solvents, or synthetic food additives. Market Segmentation TYPE REGION Year Range • Cookies & Crackers • North • Fruit Snacks & Dried • South Review Period Fruit Snacks • East FY2017 – FY2020 • Puffs & Chips • West • Energy Bar Base Year • Meat Snacks FY2021 • Others Estimated Year DISTRIBUTION CHANNEL FY2022 • Hypermarket/Supermarket Forecast Period • Grocery store/Convenience store FY2023 – FY2027 • Online • Others 2

Table of Contents Contents 1. Product Overview: Organic Snacks (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 2. Research Methodology (A detailed methodology on how we have derived the market related information and what are the measures that has been taken to validate the data.) 3. Impact of COVID-19 on India Organic Snacks Market 4. Executive Summary 5. Voice of Customer 6. India Organic Snacks Market Outlook, FY2017-FY2027F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.) Market Size & Forecast (This chapter would include the market size i.e., the revenue generated from 6.1. the India Diesel Based Lighting Towers market in one year. In this case, the market size will be provided in value terms for historic period (FY2017-FY2020); current/base year (FY2021); estimated year (FY2022E); and forecast (FY2023-FY2027)) 6.1.1. By Value 6.2. Market Share & Forecast (The overall product of interest bifurcated/split among various segments. ) 6.2.1. By Type (Cookies & Crackers, Fruit Snacks & Dried Fruit Snacks, Puffs & Chips, Energy Bar, Meat Snacks & Others) 6.2.2. By Distribution Channel (Hypermarket/Supermarket, Grocery store/Convenience store, Online and Others) 6.2.3. By Company 6.2.4. By Region 6.3. Product Market Map 3

Table of Contents Contents 7. North India Organic Snacks Market Outlook, FY2017-FY2027F 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Distribution Channel 8. South India Organic Snacks Market Outlook, FY2017-FY2027F 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Distribution Channel 9. East India Organic Snacks Market Outlook, FY2017-FY2027F 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Distribution Channel 4

Table of Contents Contents 10. West India Organic Snacks Market Outlook, FY2017-FY2027F 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Type 10.2.2. By Distribution Channel 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends & Developments 13. Policy & Regulatory Landscape 14. India Economic Profile 15. Competitive Landscape 15.1. Company Profiles (Top 10 Companies) 15.1.1. Company Details 15.1.2. Products & Services 15.1.3. Financials (As Reported) 15.1.4. Key Market Focus & Geographical Presence 15.1.5. Recent Developments 15.1.6. Key Management Personnel 16. Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share) 17. About Us & Disclaimer 5

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to List of industry TechSci conducted Dataobtained as The data was research was conduct industry players and interviews with a result of scrutinized using MS- conducted to experts’ interviews, industry industry experts primary and Excel, statistical tools determine top players TechSci specialists was and industry secondary and internal in the India organic formulated a developed. players for data research was proprietary database snacks market, detailed collection and validated to obtain qualitative overall market size discussion guide. verification. through rigorous and quantitative and segmental triangulation. insights about the marketsize. India organic snacks market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 7

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India organic snacks market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand for different cuisines and surging demand for snacks & convenience foods. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India organic snacks market. Methodology Followed forCalculation of Market Size: • Market Size By Value : Market size, in terms of value & volume, for the year FY2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as organic snacks manufactures, suppliers, channel partners, end users, industry experts, and other industry participants. • The team interviewed more than 40 – 50 organic snacks manufactures, suppliers, 180 – 200 end users, and 15 – 20 industry experts and other value & volume chain stakeholders in the India organic snacks market to obtain the overall market size from FY2017 to FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2017-FY2021. • Respondents were asked about the current and future market growth rates, market shares by type, by distribution channel, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. 8

Research Methodology Methodology Followed forCalculation of Market Shares: • Market shares by type, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of organic snacks market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India organic snacksmarket, TechSciResearch usedvariousforecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 9

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It shouldbenotedthatthefigures compiledareonlyfor the organized marketincluding market sharedata. Partial List of Companies Interviewed Key Secondary Sources ▪ Pro Nature Organic Foods (P) Ltd. ▪ World Bank ▪ Natures Basket Limited ▪ TechSci Research Proprietary Database & Knowledge ▪ The Organic Garden Repository ▪ Visionfresh.in ▪ Company Annual Reports ▪ 24 Mantra Organic ▪ Industry Magazines ▪ Just Organics ▪ Industry Reports ▪ Statista ▪ News Dailies ▪ Credible Paid Databases 10

Industry Brief According to TechSci Research report, “India Organic Snacks Market By Type (Cookies & Crackers, Fruit Snacks & Dried Fruit Snacks, Puffs & Chips, Energy Bar, Meat Snacks & Others), By Distribution Channel (Hypermarket/Supermarket, Grocery Store/Convenience Store, Online and Others), By Region, Competition Forecast & Opportunities, FY2027”, India organic snacks market has shown promising growth in historical years until FY2020 and is expected to continue its growth in the forecast years FY2022 to FY2027. Rise in demand for convenience food and development in retail structure are driving the growth of the India organic snacks market. Moreover, increasing concerns toward health issues are also having a positive impact on the market growth. The ever-increasing number of working professionals, rising urbanization, lifestyle changes, local availability of organic snacks in small packages and affordability along with the growing popularity of convenience foods and increasing trend for hygiene, greater taste, and consistency are driving the market of Indian organic snacks. Further, factors such as increasing disposable income and rising population affects the retail market dynamics significantly, while the industrial and catering channel is driven by the growing demand for organic snack food items from industrial food services. Thereport on India organic snacks market is segmented by type, distribution channel, and regional distribution. Based on distribution channel the market is further fragmented into hypermarket/ supermarket, grocery store/ convenience store, online and others. Hypermarket/ supermarket segment asserted the dominance over the market in historical years and is expected to continue to dominate the market. With the availability of wide variety of organic food available at supermarkets, and convenience for the consumers to opt from various options and no risk of debts while purchases shows that the marketwill continue to grow in the future as well. Indian economy was widely affected by the pandemic that set foot in early FY2020. India organic snacks market was not untouched, either. While observing the lockdown, consumers were not able to visit multiple distribution channels and could only order food online. The online retail is expected to gain major revenue shares thus driving the growth in Indian organic snacks market in the forecast years. Generation Z with their hectic life and disposable income are inclined towards the fast food. When an innovative, healthier, and distinct product is available, it attracts the attention of consumers. Health-conscious consumers can opt for gluten free product or organic options available. However, these products are a tentatively progressing sector. Major players operating in India organic snacks market include Pro Nature Organic Foods (P) Ltd., Natures Basket Limited, The Organic Garden, Visionfresh.in, 24 Mantra Organic, Just Organics, among others. The companies are focusing on extensive research and development activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships. “India organic snacks market is expected to witness significant growth during the forecast period. Government of India has shown support and has taken various initiatives for the growth of agriculture and food sector in India. The organic snacks market is a promising sector for future FDI and exponential market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 11

Sample Data -Snapshot India Organic Snacks Market Size, By Value (USD Million), FY2017–FY2027F 15.00 12.00 13.00 14.00 9.00 10.00 11.00 6.00 7.00 8.00 5.00 FY2017 CAGR By Value FY2021 FY2022E CAGR By Value FY2027F XX% By Value (USD Million) YY% North India Organic Snacks Market Share, By Type, By Value, FY2017–FY2027F Cookies & Crackers Fruit Snacks & Dried Fruit Snacks Puffs & Chips Energy Bar FY2027F 20% 20% 20% 20% 10% 10% FY2026F 20% 20% 20% 20% 10% 10% FY2025F 20% 20% 20% 20% 10% 10% FY2024F 20% 20% 20% 20% 10% 10% FY2023F 20% 20% 20% 20% 10% 10% FY2022E 20% 20% 20% 20% 10% 10% FY2021 20% 20% 20% 20% 10% 10% FY2020 20% 20% 20% 20% 10% 10% FY2019 20% 20% 20% 20% 10% 10% FY2018 20% 20% 20% 20% 10% 10% FY2017 20% 20% 20% 20% 10% 10% North India Organic Snacks Market Share, By Distribution Channel, By Value, FY2017–FY2027F Hypermarket/Supermarket Grocery store/Convenience store Online Others FY2027F 25% 25% 25% 25% 25% 25% 25% 25% FY2025F 25% 25% 25% 25% 25% 25% 25% 25% FY2023F 25% 25% 25% 25% 25% 25% 25% 25% FY2021 25% 25% 25% 25% 25% 25% 25% 25% FY2019 25% 25% 25% 25% 25% 25% 25% 25% FY2017 25% 25% 25% 25% 12

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About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in numberof areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Organic Snacks Market By Type (Cookies & Crackers, Fruit Snacks & Dried Fruit Snacks, Puffs & Chips, Energy Bar, Meat Snacks & Others), By Distribution Channel (Supermarkets/Hypermarkets, Retail Outlets, Specialty stores, Online and Others), By Company, By Region, Forecast &Opportunities, 2027 • Global Organic Food Market By Product Type (Fruits & Vegetables; Meat, Poultry & Dairy; Processed Food and Others), By Distribution Channel(Store-based Retailand Non-Store-based Retail),By Region, Competition, Forecast & Opportunities, 2024 TechSci Research – North America TechSci Research – Europe TechSci Research – Asia-Pacific 708 Third Avenue, Manhattan, 54, Old brook, Bretton, B – 44, Sector – 57, Noida, National Capital New York, United States Peterborough, Region, U.P. - India Tel: +1- 646- 360- 1656 United Kingdom Tel: +91-120-4523900 Email: [email protected] Email: [email protected] Email: [email protected] www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.