The Indian ConsumerTech market is projected to reach $300 billion by 2027, growing at a compound annual growth rate (CAGR) of 25 per cent, according to a report on Friday.
This report highlighted high-potential categories in the domestic market, such as health foods, pet care and "athleisure" (a hybrid style of athletic clothing typically worn as everyday wear).
Health foods, with a CAGR of 20 per cent, and pet care, with a 17 per cent CAGR, have been observed as fast-growth subsegments in the emerging brand's segment, according to the report by Chiratae Ventures, in collaboration with Google and 1Lattice.