The company will increase production in its facility in Sonepat, Delhi, to cater to the growing demand in the Indian market.
The company received a ‘lower double-digit, million-euro amount’ order to build a dairy plant from AmulFed Dairy in Gandhinagar, India.
The milk processing market in India will increase at a CAGR of 20.5 percent, according to market intelligence firm, Netscribes.
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.