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Noida, Uttar Pradesh, India, 2011/04/14 - India’s food & drinks market will grow at a CAGR of around 7.5% during 2009-2013, says RNCOS in its latest research report.
According to our report “Indian Food and Drinks Market: Emerging Opportunities”, Indian food and beverage market is one of the fastest growing markets in the world. Being the world’s second largest populous country with diversified food habits, the country offers most attractive retail destinations on the globe map. As per our estimations, the market is projected to grow at a CAGR of around 7.5% during 2009-2013.
As per our team of experts, economic liberalization and rising income of middle class population have had a positive impact on the consumer spending and consumption in both rural and urban areas. Indian consumer now spends a significant proportion of disposable income on food and other essential commodities. Several other factors, such as demographic and macro economic conditions have also given fillip to expenditure on food and beverages in the country.
Further, our report provides comprehensive information about the ongoing trends and future trends for different food items, such as milk, meat, fruits, vegetables, fish, and confectionery. With the rising income of families in urban areas, the consumption of dairy products, meat and other food having higher protein content has witnessed a rapid upsurge. Moreover, although the sales of coffee, tea, and cocoa have historically been low, they have witnessed a gradual increase during the past few years.
Besides, we have analyzed that urban people are more health conscious and give preference to organic food. Some other trends, such as growing number of nuclear families and women professionals have opened doors for the food processing industry as processed food are easy to cook and save ample time.
Our report “Indian Food and Drinks Market: Emerging Opportunities” provides an extensive research and rational analysis along with the statistical representation of various segments of the Indian food and drinks market. The report contains a thorough analysis of the current market trends, new developments, and competitive landscape to enable clients better understand the market structure and its progress in coming years.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.