The Indian food and drinks 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. Indian consumers now spend a significant proportion of their disposable income on food and other essential commodities. Our research report “ Indian Food and Drinks Market: Emerging Opportunities” has projected that the Indian food, beverages, and tobacco market will grow at a CAGR of around 7.5% during 2009-2013 to reach around US$ 330 Billion by 2013.
Our study has found that, all the segments registered an uptrend in terms of consumption and sales during 2005 - 2009, but the alcoholic segment outperformed other segments. High growth in the alcoholic segment has attracted more players to venture into this lucrative segment, which will intensify the competition for existing players.
The report provides comprehensive information about the ongoing trends 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. Besides, the report presents forecast for all the segments that provides a rough idea about the direction in which, the industry is likely to move in future.
Our analysis of beverages has also disclosed that, the soft drinks market is currently driven by the consumption of carbonated drinks, but a big shift in the consumption pattern is likely to occur in future. We have studied some factors that need to be taken into consideration for smooth growth of the Indian food and drinks market. Our report aims at assisting clients in analyzing the potential growth areas, challenges, and drivers critical for the expansion of food and drinks market.
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