Indian Food and Drink Market Set for Tremendous Growth
With rising middle class income and economic liberalization, Indian Food, Beverage, and Tobacco market will grow at a CAGR of 7.5% during 2009-2010, RNCOS identified.
- (1888PressRelease) November 02, 2010 - According to our report "Indian Food and Drinks Market: Emerging Opportunities", Indian food and drink market has observed strong growth during the past few years. Economic liberalization and rising income of middle class population have had a positive impact on consumer spending and consumption in both rural and urban areas. Growth in the organized retailing has also been one of the important factors driving growth in the Indian food and drinks market. It is expected that the Indian Food, Beverages, and Tobacco market will grow at a CAGR of around 7.5% during 2009-2013, driven by several demographic and macroeconomics factors discussed in the report.
Alcoholic segment outperformed other segments in terms of consumption and sales during 2005 - 2009. High growth in the alcoholic segment has attracted more players to venture into this lucrative segment, which will intensify the competition for the existing players. Apart from alcohol, organic, packaged food, and ready to eat food have also witnessed strong demand on the back of few major factors discussed in the report. Indian processed food market, in particular, has witnessed significant growth during the recent years. Besides, it has been witnessing increasing share in the Indian food market for the past few years.
The report provides comprehensive information about the ongoing and future trends for different food items such as: milk, meat, fruits, vegetables, fish, and confectionery. It also studies past performance of different items in the drinks segment - like tea, coffee, and soft drinks. The report also discusses about the potential growth areas such as, food processing sector, organic food, and packaged food sector, which will drive the Indian food and drinks market in coming years.
"Indian Food and Drinks Market: Emerging Opportunities" presents the industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a comprehensive and coherent analysis of the Indian food and drinks market that will prove decisive for clients. 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.
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RNCOS 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.
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