New Delhi, June 26: India’s grocery market is projected to grow to nearly $992 billion by financial year 2030, according to a recent industry report, reflecting strong growth prospects in the country’s fast-expanding retail sector.
The report highlights that the growth will be driven by rising household consumption, increasing urbanisation, and a shift in consumer preferences towards organised retail and digital grocery platforms.
It notes that the sector continues to be dominated by traditional retail channels, but organised retail and quick-commerce platforms are rapidly gaining market share, supported by improved logistics, digital payments, and wider internet penetration.
Industry experts said that changing lifestyles, growing disposable incomes, and expansion of e-commerce are expected to further accelerate the transformation of India’s grocery market over the next few years.
The report also pointed out that India remains one of the fastest-growing consumer markets globally, with the grocery segment forming a significant share of overall retail consumption.
The projected growth underscores the long-term potential of the sector and the increasing role of technology-driven retail models in shaping consumer buying behaviour.