India
Food and Drink Sector Review
Definition and scale of sector
- Agricultural commodities supply primary produce processing,
- Secondary processing,
- Wholesaling distribution,
- Food-processing machinery
Why the sector was chosen in the West Midlands
- Employment growth recorded in cluster.
- Consumer tastes and concerns over food safety are key drivers.
- Both create opportunities to value added through, for example, innovations in prepared ethnic foods and organics.
- Significant force for change in rural areas through a strengthening of supply linkages.
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Food Industry Sector Report - December 2010
According to a report published by market research firm RNCOS in April 2010, titled ‘Indian Food and Drinks Market: Emerging Opportunities’ the Indian food and beverages market is expanding rapidly and is projected to grow at a compound annual growth rate (CAGR) of about 7.5 per cent during 2009-13 and would touch US$ 330 billion by 2013. The food retail industry, currently at US$ 70 billion is predicted to grow more than double to US$ 150 billion by 2025, according to KPMG, a global audit and advisory firm. India’s food retail industry is poised for exponential growth. With the evolution of innovative food processing capacity and the emergence of organized retail, change in consumption patterns along with fast changing demographics and habits is fuelling the next growth trajectory for the food industry in India. The Indian fast food market is growing at an annual rate of 25-30 per cent, according to a report published by market research firm RNCOS in September 2010, titled ‘Indian Fast Food Market Analysis’. Foreign fast food chains are aggressively increasing their presence in the country. For instance, Domino’s has planned to open 60-65 outlets every year for the next three years (2010-2012) while Yum Brands Inc is also preparing for massive expansion across the country with plans to open 1000 fast food outlets by 2015.
Source: India Brand Equity Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
Food and Drink Sector - From UKTI - May 2008
India has the youngest working population in the world - young singles are making a lot of money. Average Indian household spends 52% of its income on food. With changing food habits and high propensity to spend additional income on food and with retail food sales estimated at $185 billion (2004/2005), the market prospect is very vibrant.
Source: UK Trade and Investment
FOR THE FULL REPORT PLEASE CLICK HERE
Food Industry Sector Report from IBEF - April 2008
India is the world's 2nd largest producer of food next to China, and has the potential of being the biggest with the food and agricultural sector. With India's food production likely to double in the next decade, there is an opportunity for large investments in food and food processing technologies, skills and equipment, especially in areas of Canning, Dairy and Food Processing, Specialty Processing, Packaging, Frozen Food/Refrigeration and Thermo Processing. Fruits & Vegetables, Fisheries, Milk & Milk Products, Meat & Poultry, Packaged/Convenience Foods, Alcoholic Beverages & Soft Drinks and Grains are important sub-sectors of the food processing industry. Health food and health food supplements are other rapidly rising segments of this industry.
Source: India Brand Equity Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
Fruit punch - February 2008
This juice is worth its squeeze. At least cola majors Coca-Cola and PepsiCo think so. A couple of weeks back, when beverages giant The Coca-Cola Company announced its results for the October-December 2007 quarter, it attributed the growth in its Indian market to its mainstay brand Coca-Cola and its expanding portfolio of fruit drinks (beverages with 20 per cent fruit pulp).
Fruit drinks are increasingly filling the crates that were otherwise capped with fizzy carbonates in the Indian market. In October 2007, Coca-Cola India took its orange fruit drink Minute Maid national after a carefully phased launch that first covered major cities. Last month, PepsiCo rolled out its fruit drink, Tropicana Twister, nationally.
Source: Business Standard
FOR THE FULL REPORT PLEASE CLICK HERE
Working up an appetite - A Report from IBEF - October 2007
When early bird investors calculate their medium to long term returns from the Indian food processing industry the results put to shade comparative returns from many other higher profile businesses. The reasons are apparent as the food processing industry enjoys a string of benefits and concessions, besides a growing appetite from foreign investors.
The growing list of positive factors include government subsidised food parks, tax breaks, increased FDI (foreign direct investments) and foreign food retailer interest, proposals for public-private investment partnerships, increased spending on the supply chain infrastructure, a burgeoning middle-class with fast growing disposable incomes and changing consumption patterns, modern retail formats changing shopping behaviour and international road shows by the government.
Source: India Equity Brand Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
Food and Drink Sector Report - July 2007
India has the youngest working population in the world - young singles are making a lot of money. Average Indian household spends 52% of its income on food. With changing food habits and high propensity to spend additional income on food and with retail food sales estimated at $185 billion (2004/2005), the market prospect is very vibrant.
Source: UK Trade and Investment
FOR THE FULL REPORT PLEASE CLICK HERE
Food Industry Overview - from IBEF - July 2007
The Indian food industry is estimated to be worth over US$ 200 billion and according to the Confederation of Indian Industry (CII) is expected to grow to US$ 310 billion by 2015. India is one of the world's major food producers but accounts for less than 1.5 per cent of international food trade. This indicates vast scope for both investors and exporters.
Source: India Equity Brand Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
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