|
Dated: 1 October 2008
My friends in the industry have been excited lately about expanding their businesses in India. I share their sentiment.
Despite the economic uncertainly worldwide, India shines as a potential market worth anyone’s while. Despite the wide income gap between the haves and the have-nots, there are rapid developments of new supermarkets and hypermarkets, shopping malls and fast food outlets in the country’s bustling cities.
A RNCOS Indian Food and Drinks Market: Emerging Opportunities report released early last month cites the country’s vast population base, growing middle class and strong macroeconomic environment as reasons for rapid growth in its food and drinks market.
Rapid transformation in the lifestyle of Indians, particularly those living in urban areas, has led to a significant demand for processed and health foods, as well as packaged and ready-toeat products.
The presence of food multinationals and the rapid growth of fast food outlets have also fueled growth in the industry.
The numbers are encouraging. The report says the food and beverage industry currently dominates the Indian retail industry, and it is anticipated to grow at a compound annual growth rate (CAGR) of nearly 8% from 2008 to 2012.
Meanwhile, the soft drinks market is figured to grow at a CAGR of nearly 12% from 2008 to 2012, with major demand for health and energy drinks, bottled water and fruit juices.
Trade fairs organizer Kolnmesse predicts that India’s demand for process technologies and packaging facilities would increase by an average annual rate of at least 10% in the coming years.
Demand for investments is expected to total around 18 billion euros ($25.69 billion) through 2015.
|
|
|
|
| |
|
(10 December 2008)
Global demand for dairy products has risen by 15% from 40.9 million tons in 2003 to an estimated 47.0 million tons in 2008, according to a new report from Zenith International. “Sp...
|
(4 December 2008)
Research and Markets has announced a new report entitled The Future of Food Labeling: Winning Trust and Maximizing In-Store Appeal. According to the report, more than half (57%) of...
|
(3 December 2008)
Reportlinker.com announces a new market research report entitled World Commercial Refrigeration Equipment Market. According to the report, world demand for commercial refrigeration...
|
(1 November 2008)
The surf is up for consumers to dictate market trends. Mintel predicts consumers will be in control of their spending in the light of economic uncertainty. ''People around the wor...
|
(21 October 2008)
The latest RNCOS research report Emerging Organic Food Markets'' states that the organic food market is gaining a strong foothold in global food markets as the global population is...
|
(20 October 2008)
In its latest report, Euromonitor International examines key opportunities for weight management ingredients in foods and beverages. Ingredients such as fiber, green tea extract an...
|
(2 October 2008)
A consumer survey conducted by AFIC in five Asian countries shows that consumers are ready to accept benefits from biotechnology-derived foods. Genetically modified foods will most...
|
(26 September 2008)
Independent research and advisory firm, Manufacturing Insights Asia/Pacific, an IDC company, says legislation is currently the main driver for manufacturing companies in the region...
|
|
|
|
|
|
Russia's X5 Retail Group has agreed to buy 100 per cent of OOO Agrotorg-Rostov - a franchisee of the group's Pyaterochka chain in the Rostov region - for RUB 400 mln (EUR 10 mln). The sum includes refinancing of debt owed to B.I.N.BANK and trade accounts payable to suppliers and employees.
Rewe is further establishing itself in Russia with the opening of its first Selgros Cash & Carry market in Kotelniki, in the greater Moscow area. It will offer an extensive assortment of food and non-food products at wholesale prices 24 hours per day on more than 10,000 square meters of selling space.
Lidl is stepping up its expansion plans in the UK. In an interview with The Times, Martin Bailie the company's regional director for the Midlands, said that the group expects to open a further 50 stores in 2009. This comes on top of the 49 opened in 2008, which brought the total to 505.
Saigon Co.op, a leading grocery retailer in Vietnam, is set to open a chain of small-scale food outlets in Ho Chi Minh City (HCMC). The Co.op Food outlets will be located in densely populated zones and will sell fresh food and vegetables, according to a report in Vietnam Business Finance.
Russia's largest grocery group, X5 Retail, has signed a deal with A5 pharmacy chain, one of Russia’s leading pharmacy retailers. The partnership agreement grants A5 preemptive rights to rent space adjacent to X5’s food retail stores at commercial market rates, at properties owned or leased by X5.
Wal-Mart has announced it will launch a tender to acquire all the issued and outstanding shares and American Depositary Shares of the Chilean company, Distribución y Servicio D&S S.A.(DYS), giving it a major foothold in the South American country.
|
|
|
|
|
|
|
|
| |
