India ranks among the top five markets in Asia Pacific in terms of beer volume sold, according to market research agency Research and Markets.
India is now one of the world’s fastest growing chocolate confectionery markets, with sales growing by 13 percent between 2015 and 2016, according to Mintel.
The primary health concern in India is presently tiredness and fatigue, according to a study by Mintel, a global market intelligence agency, which has increased consumer demand for products targeting this.
High demand for packaged produce and cheese consumption is predicted to drive growth of the breathable films market.
Functional ingredients manufacturer Beneo has opened a new office in Delhi, India. Having been in Asia for over 15 years, the company aims for a closer cooperation with local distributors with this opening.
The Barry Callebaut Group has opened the doors to its new Callebaut Chocolate Academy centre and sales office in Mumbai, India. The facility will provide chefs, culinary professionals and confectionery artisans in India an opportunity to train and experiment with a comprehensive range of gourmet chocolate products.
India-Singapore joint venture Adani Wilmar is planning to diversify into value-added foods and edible oils as it aims to reach a CAGR of 25 percent in the next five years.
Dairy company Schreiber Dynamix Dairies Pvt Ltd (SDDPL), a joint venture between US-based dairy manufacturer Schreiber Foods and the Indian dairy company Dynamix Dairies, has started operations of its second aseptic food processing and packaging facility in Punjab.
According to a report by TechSci Research titled “India Dairy Products Market By Product Type, Competition Forecast &; Opportunities, 2011–2021”, the yoghurt market in India grew at a CAGR of 28.9 percent during 2011 to 2015. It is projected to grow at an even faster pace over the next five years to reach US$1 billion by 2021.
With India predicted to become the world’s fifth largest consumer economy by 2025, it is no wonder Singaporean manufacturers want to enter this market.