Reports by Industry
Reports by Company
- Company Analysis(173)
- Company Profile(60)
Indian Consumers to Spend More on FBT, Says RNCOS
May 12, 2008
Consumer expenditure on food, beverages and tobacco (FBT) in India is expected to grow at a CAGR of 12% during 2007-2011, forecasts “Indian Food Beverages and Tobacco Market Forecast till 2011”, a research report by RNCOS.
The report identifies that food expenditure in India will grow at the rate second fastest after China during the forecasted period. The fast growth in the consumer spending is led by advertisement spending, campaigns to market products and brands, free sample distributions, launch of innovative and new brands, and strengthening of the product distribution networks. All these factors have brought a wave of change in the consumption habits of people in the last six years, evident from changing preference of the urban Indians, who don’t like to spend hours in kitchen cooking food, and instead resort to convenience food.
In addition, the RNCOS report reveals that changing lifestyle on account of increasing disposable income of Indians is significantly affecting the consumption patterns. In the last five years (from 2001 to 2006), per head disposable income of Indians surged at a CAGR of 10.2%. Apart from this, increasing presence of women in working population and rising number of nuclear families with double income are leading to change in lifestyle. Also, these factors are resulting in increased overall disposable income of the Indian consumers, which, in turn, is increasing their spending on branded food items. Consequently, says the report, the branded food market is witnessing strong growth of 10% to 15% in the country.
The report also highlights that with accruing disposable incomes, consumers will prefer to opt for buying from organized retail channels rather than local markets.
In addition, “Indian Food, Beverages and Tobacco Market Forecast till 2011” gives detailed analysis on changing consumption patterns in various sub-sections in food segments like milk, fruits, vegetables, meat etc. The report also includes in-depth study of the Indian beverage market, containing information about different varieties in beverages, and their sales and consumption patterns among the Indian populace. The RNCOS research includes comprehensive information on the market trends in the Indian tobacco market.
For more information visit: http://www.rncos.com/Report/IM578.htm
For more information visit: http://www.rncos.com/Report/IM578.htm
Media Citation
- testtest
19 Jan, 2024 - Yourstory.com News @ Foodtech startup Swiggy launches Health Hub in Chennai
23 Mar, 2021 - Yourstory.com News @ Zomato forays into dietary supplements, makes its own 'made in India' brand
16 Mar, 2021 - View more
get in touch
Copyright © 2014, RNCOS, 2002-2014
About Us
Terms & Policy
Contact