Top 10 Snacks Companies in India

The India snacks market size reached INR 38,603 Crore in 2022. As per the analysis by IMARC Group, the top snack companies are heavily investing in introducing value-added products in different flavors, textures, and seasonings to diversify their consumer base and expand their product portfolio, thus providing a boost to the market. Moreover, the rising health consciousness has shifted consumer preference towards natural, organic, vegan, low-calorie, and gluten-free snack variants, thus propelling the demand for snacks across the country. In line with this, with busy lifestyles and changing work patterns, consumers are looking for convenient and portable snack options that can be eaten on the go. This has led to the popularity of single-serve and individually packaged snack products, such as snack bars, trail mixes, and protein snacks. Besides, the easy availability of snacks through online and offline organized distribution channels and the advent of home delivery models are further creating a positive market outlook. Furthermore, the implementation of various quality standards to prevent the occurrence of various food-borne illnesses and digestive problems is supporting the growth of the market. Apart from this, the wide availability of various vegan snacks due to the increasing adoption of vegan lifestyle habits among the masses is strengthening the market. Additionally, the rising export of various Indian snacks to Western countries, along with the increasing popularity of various fusion snacks that have a blend of Indian and Western spices, is contributing to the market. Other factors, such as continuous technological developments in the extrusion processes and the development of aggressive marketing strategies and innovative packaging solutions, are further influencing the market across India. On account of these factors, the market is expected to reach a value of INR 70,731 Crore by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.

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List of Top Companies Operating in the Snacks Industry in India:

The India Snacks market has several major players including Agro Tech Foods Ltd. (Conagra Brands, Inc.), Balaji Wafers Pvt. Ltd., Bikanervala Foods Private Limited, Haldiram Snacks Private Limited, ITC Limited, Parle Products Private Limited¸ PepsiCo, Prataap Snacks Limited, TTK Foods (TTK Healthcare), and Urban Platter. More information about these companies has been provided below.

1. Agro Tech Foods Ltd. (Conagra Brands, Inc.)

Agro Tech Foods Ltd. is a publicly traded company that is primarily involved in the manufacturing, marketing, and distribution of food products. Its product portfolio includes a range of packaged foods, including snacks, oils, ready-to-cook meals, and culinary sauces. The company works with farmers to implement sustainable agriculture practices that conserve soil and water resources, reduce the use of chemical fertilizers and pesticides, and promote biodiversity. Additionally, it has implemented waste management programs to minimize waste generation, promote recycling and reuse, and dispose of waste in an environmentally responsible manner. Besides, the company has launched a range of ready-to-cook meals, which are convenient, easy to prepare, and offer a variety of options for consumers.

2. Balaji Wafers Pvt. Ltd.

Balaji Wafers Pvt. Ltd. is a privately owned Indian snack food company. It offers a wide range of snack foods, such as potato chips, namkeen, and other savory snacks. The company has won several awards and recognitions for its quality products and innovative marketing strategies. It has installed solar panels to generate clean energy and reduce its reliance on non-renewable energy sources. Additionally, the company has set up a waste management plant to recycle waste generated during its manufacturing process. It has been actively involved in several community development initiatives, such as providing education, healthcare, and sanitation facilities to underprivileged communities. The company also launched products, including Masala Rings, Chatpata Sticks, and Tomato Twist.

3. Bikanervala Foods Private Limited

Bikanervala is a food and hospitality company based in India. Its product line includes a wide range of Indian sweets, snacks, and savories, as well as ready-to-eat meals, beverages, and desserts. It is committed to maintaining the highest standards of quality, hygiene, and customer service. The company is dedicated to promoting traditional Indian food and culture and is constantly innovating and expanding its product line to meet the changing needs of its customers. It has developed a range of sugar-free sweets that are suitable for diabetics and health-conscious consumers. The company has launched several health and hygiene campaigns to raise awareness about the importance of cleanliness and sanitation.

4. Haldiram Snacks Private Limited

Haldiram Snacks Private Limited is a food and beverage company based in India. It offers a variety of Indian sweets, snacks, savories, frozen foods, and ready-to-eat meals. The company has implemented several measures to reduce its energy consumption, such as installing energy-efficient lighting and equipment in its manufacturing facilities, restaurants, and offices. Additionally, it has implemented waste reduction and recycling programs to minimize its environmental footprint. The company has also undertaken several community development initiatives, such as building schools, providing vocational training to youth, and supporting local farmers through sustainable agriculture programs. Besides, it uses a user-friendly website and mobile app that allows customers to browse and order their favorite snacks from the comfort of their homes.

5. ITC Limited.

ITC Limited is an Indian conglomerate with a diversified business portfolio, including fast-moving consumer goods (FMCG), hotels, paperboards, packaging, agribusiness, and information technology. The company offers a wide range of products, such as flour, biscuits, snacks, noodles, juices, and personal care products. It has a strong focus on sustainability and works closely with farmers to promote sustainable farming practices and improve their livelihoods. The company has launched several successful products, such as Aashirvaad multigrain atta, Sunfeast Dark Fantasy Choco Fills biscuits, and Fiama Di Wills shower gels. Besides, it has implemented several measures to reduce water usage, waste generation, and carbon emissions and has also invested in renewable energy sources such as wind and solar power.

6. Parle Products Private Limited

Parle Products Private Limited is an Indian food company. Its product portfolio includes Parle-G, Monaco, Krackjack, Hide & Seek, Milano, and Melody. It has introduced new packaging formats for its products, such as single-serve packs and resealable pouches. The company has launched Parle Platina, a line of premium snacks, and also entered the soft Indian drinks market with the launch of Frooti Fizz. It has implemented a robust waste management system across its manufacturing facilities, which includes recycling and reuse of waste material. The company has undertaken several social initiatives to contribute to the well-being of society. The company runs educational programs for children in rural areas and has also set up a foundation to support various social causes such as education, healthcare, and disaster relief.

7. PepsiCo

PepsiCo is a multinational corporation that operates in the food and beverage industry. The company offers a wide range of products, including Lay's, Doritos, Cheetos, Tostitos, carbonated soft drinks, juices, and other non-alcoholic beverages. It is working on reducing the amount of plastic in its packaging and has launched several pilot projects to test new packaging solutions. The company has also implemented water conservation measures in its operations and has invested in community-based water programs to improve access to clean water in the areas where it operates. It is also investing in innovative packaging solutions to reduce its environmental impact and improve the consumer experience. The company has launched several sustainable packaging initiatives, including its SodaStream brand, which allows consumers to make their own sparkling water at home using reusable bottles.

8. Prataap Snacks Limited

Prataap Snacks Limited is an Indian snack food company. Its product portfolio includes Aloo Bhujia, Bikaneri Sev, Chana Dal, Chulbule, and Puffcorn. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact. These initiatives include reducing water usage in its manufacturing operations, optimizing energy usage, and reducing waste. It has implemented several measures to conserve water across its manufacturing facilities, including rainwater harvesting, recycling wastewater, and installing water-efficient equipment. The company has launched a new product called Yum Pie which is a baked savory snack made with whole wheat flour, available in various flavors, including cheese, onion, and pizza.

9. TTK Foods (TTK Healthcare)

TTK Foods is a division of TTK Healthcare Limited, an Indian company that operates in the healthcare, consumer products, and food segments. The company's product portfolio includes ready-to-cook and ready-to-eat products, snacks, sweets, and beverages. It is committed to sustainability and has implemented several initiatives to reduce its environmental impact. The company has implemented water conservation measures in its manufacturing facilities. It has installed rainwater harvesting systems, and it has also implemented a system to recycle and reuse wastewater. The company uses eco-friendly packaging materials such as paper, glass, and aluminum, which are recyclable and biodegradable. It has established a waste segregation system, and it has also implemented composting programs in its facilities.

10. Urban Platter

Urban Platter is a Mumbai-based company that specializes in providing high-quality gourmet food products to customers. It offers a wide range of products, including exotic spices, herbs, seasonings, sauces, condiments, oils, grains, and baking ingredients. The company has introduced eco-friendly packaging options such as glass jars, compostable bags, and paper packaging. It also encourages customers to recycle their packaging after use. The company is committed to reducing its carbon footprint by using sustainable transportation options and minimizing its use of energy and resources. It uses high-quality ingredients from local farmers and suppliers who use sustainable farming practices. The company also prioritizes organic and non-GMO ingredients whenever possible.

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