The global ice cream market generated revenues of US$143 billion in 2015, representing a CAGR of 3.6 percent between 2011 and 2015.
The global dinner ready-to-eat foods market is forecast to grow steadily at a CAGR of above six percent by 2021, according to Technavio.
Vietnam is forecast to be the fastest growing convenience market in Asia by 2021, followed by the Philippines and Indonesia, according to grocery research agency, IGD.
Ready-to-drink (RTD) tea has seen a strong growth due to consumers’ rising health awareness, resulting in them turning to beverages offering health benefits.
Consumers are showing a growing interest in hot and spicy foods, with new product launches increasing for nine years straight, according to a report by Kalsec.
Takasago, a Japanese flavour and fragrance company, opened its research and development as well as manufacturing plant at One Hub in Chennai with an investment of US$10 million.
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.
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