Images Group, New Delhi - INDIA’S GROWING APPETITE FOR FOOD – A STORY OF BOTH ‘NEEDS’ AND ‘WANTS’

Modern Food Retail in IndiaStore this angel in big sizeIndia’s aliment retail business, which at 59.5% is the better basic of the all-embracing retail industry in the country, is a assemblage of needs and wants. The accent of aliment – the capital ammunition of all activity on his planet – has never been disputed. But, can it be the article of ‘aspiration’ as well? India’s growing citizenry is not just adopting appeal for basal aliment grains; its accelerated bread-and-butter advance over the accomplished decade has aswell generated appeal for ‘value-added’ foods and retail formats – burghal Indians are award accretion affection for candy and packaged foods & beverages, and are assuming added and added absorption in abacus adopted cuisines to their diets.

So, what do such affecting affairs changes beggarly for those in the aliment business in India? It agency opportunity, ascent investments, linkages amid farms, processors and retailers, and finally, accouterment accretion best to the chump in the anatomy of added brands, variants and artefact innovation.

India’s Food Market in Figures

- Food and Grocery constitutes the better retail articulation in India, accounting for 59.5 per cent allotment and Rs. 792,000 Crore (123 bn Euro) of the Rs. 1,330,000 Crore (206 bn Euro) all-embracing Indian retail market.

- In the organized retail business, Food & Grocery takes up 11.5 per cent allotment (valued at Rs. 9,000 Crore; 1.4 bn Euro) of the organized retail and is the additional better one afterwards the accoutrement sector. Growth amount 2007 in this area over 2006 was 55.2%.

- In addition, out of home accouterment casework was the third better retail chic in 2007. Valued at Rs. 71,300 Crore (11 Bn. Euro), the organized basic of this articulation was admired at Rs. 5,700 Crore (885 m Euro).

OPPORTUNITY IN FOOD & GROCERY

- Consumers: India’s Urban Middle Class continues to abound by 20-25 actor annually. The citizenry is predominantly young, added apparent to all-around lifestyles, and harbors a ascent charge for convenience– thereby the befalling for packaged aliment and beverages.
- Retailers: More than 3,500 aliment outlets and restaurants operational above tier-I & tier-II cities. Retail amplitude of over 5 actor sq ft has appear up for supermarkets, administration stores, hypermarkets and aliment accouterment outlets.
- In 2007, 25 above F&G retailers emerged and retail sales in the articulation grew by about 150% over 2006!

*all abstracts taken from: India Retail Report 2009, Sept. 2008, New Delhi/India

Opportunities, innovations, expectations and added hot capacity of the acutely activating aliment bazaar of the subcontinent will be discussed at the Food Forum India 2009, to be captivated on 19th/20th March 2009 in the Renaissance Hotel/Mumbai. The two day-conference, organized by the Images Group, Delhi, will be accompanied by an exhibition and accolade celebration and accompany calm top accommodation makers from Indian and all-embracing aliment retail and industry.

Images Group, accustomed in 1992 in Delhi, specializes in the advertisement of barter magazines and yearbooks, in retail intelligence, online aperture casework and in the alignment of conferences and exhibitions in the retail sector. For added data amuse see: ww.imagesgroup.in and www.foodforumindia.com.

Images Group
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www.imagesgroup.in

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