Title: The Business Tycoons
1--
COONS
MR. NITIN ZELE Director Zele Foods International
Pvt.Ltd.
2(No Transcript)
3(No Transcript)
4(No Transcript)
5(No Transcript)
6(No Transcript)
7(No Transcript)
8(No Transcript)
9(No Transcript)
10(No Transcript)
11(No Transcript)
12(No Transcript)
13(No Transcript)
14(No Transcript)
15(No Transcript)
16(No Transcript)
17(No Transcript)
18(No Transcript)
19(No Transcript)
20(No Transcript)
21(No Transcript)
22(No Transcript)
23(No Transcript)
24(No Transcript)
25(No Transcript)
26Recent Developments in the
Indian
Food and Beverage Industry
- The Indian Food and Beverage Industry is emerging
as a high-profit sector. It accounts for about 3
of India's GDP and around 213rd of the total
retail market in India. In fact, the revenue in
the food and beverage business segment is
estimated to show a CAGR growth rate of 14.2
from 2020-2024. Also, the projected market volume
is USO 1,264 million by 2024. - There are several factors that are driving this
growth like rapid urbanization, changing
lifestyle and food habits of the surging
generation, increasing household consumption
rate, etc. Hence, foreign firms that are willing
to capture India's food and beverage industry
must research these recent market developments to
ensure unmatched returns on investment. For
detailed insight, consulting with food and
beverage consultants in India can be of great
help. - Let's delve into the market size and recent
trends shaping the future of the food and
beverage industry in India. - Market Size
- The current market size of the Indian Food and
Beverage Industry shows great potential for
higher profit and, therefore, is attracting
enormous foreign investments. The number of users
in the FB market is estimated to reach 346.9
million by 2025. There is also a great potential
for the user penetration rate to hit 24.0 by FY
2025. - Hence, foreign businesses willing to invest in
the Indian Food and Beverage Industry can secure
unmatched growth. However, the focus must be
given to frame market-centric business strategy
by taking into account the current trends
and with all-inclusive assistance from reliable
food consultants in India. - Key Trends Shaping the Indian Food and Beverage
Industry Opportunities in India - Increasing Gourmet Brands
- The gourmet food market in India has been
experiencing significant expansion for the last
few years. This has occurred due to the shifting
consumption habits of Indian consumers from
traditional food - flavours to global food.
- With increasing middle-class income, there is a
growing demand for high nutritional food
products, sophisticated palates, and premium
products. In fact, currently, the value of the
Indian gourmet food market is around USO 1.3
billion. - The gourmet market will grow in categories like
exotic sauces, olives, honey syrup, spreads,
cereals, etc. Foreign brands can earn unmatched
profit by expanding their production and supply
in these food ranges. For comprehensive planning,
they can collaborate with top business consulting
firms in India. - Growth in the Dairy market
- According to current statistics, the Indian dairy
industry grew by about 9 to 11 by 2022.
According to IBEF, the packaged milk segment
itself is projected to grow to USO 32.9 billion
by 2030
27- segment will remain stable at 6-7 percent in
FY22, the value-added dairy products (VOAP) like
ice-creams, frozen yogurt, etc., will rise by 13
to 15. - Growth in Bakery Segments
- The Indian bakery market has emerged as the
largest food processing segment. Increasing
consumption of biscuits and cookies which
accounts for about 72 of the total sales in the
FB industry is primarily boosting the growth in
this segment. Also, several popular reports state
the cake market will reach a valuation of USO
882.24 million by 2024. However, the market
competition in this segment is also compelling.
Hence, foreign investors in these segments need
to frame strategic planning by collaborating with
a business advisory consulting firm to receive
unmatched ROI. - Growing Demand for Packaged Foods
- As reported by Nestle India, the demand for
packaged food in the Indian market will double in
the coming 5 to 10 years. It is estimated to grow
up to USO 100 billion creating lucrative business
opportunities for foreign players. Several
factors like growing e-commerce, demographic
dividend, and overall economic growth have
promoted the change. With detailed market insight
from top food and beverage consultants in India,
new investors can strategize the production and
distribution of packaged food products like
instant noodles, biscuits, snacks, and more. - Healthy Alternatives and Growth in Nutraceutical
Market - The new-age Indian consumers are growing
extremely health conscious. By ga1rnng a
better understanding of food labels, they are
more prone to substituting their earlier food
habits with healthy alternatives. This has
consequently prompted the growth of the
nutraceutical market. - Also, consumers in India are showing a great
shift towards sugar replacers for health
benefits. Therefore, - the demand for sugar-free products and artificial
sweeteners is on the rise and is here to stay.
Foreign investors can take advantage of this
opportunity with thorough market research from
trusted Indian business consulting. - How Can Business Consulting Firms in India help?
- To establish and grow in the Indian Food and
Beverage Industry, foreign firms need to acquire
a thorough - market analysis and frame an India-specific
market entry strategy. This is where the
importance of food consultants in India is
undeniable. - A trusted business advisory consulting firm in
India like Tecnova offers all-inclusive
assistance to foreign investors by offering-
February 2023 I www.thebusinesstycoons.com I
www.gibf.biz
28Non-alcoholic beverages are fast gaining
popularity in Asia Pacific, owing to a growing
consumption of tea and coffee in the region,
particularly in countries like India. The
consumption of non-alcoholic beverages in Asia
Pacific stood at 200 Bn liters in 2016 and this
is expected to increase to 301 Bn liters by the
end of the forecast period in 2027.
Global Non-alcoholic Beverages Market Value
Share() By Region (20 l 7I
30.3 p,s,oflxlflc
2017-'2027 ol a CAGRot4.4
North America is a close second in terms of
non-alcoholic beverages consumption, with a
recorded 169 Bn liters in 2016 expected to
increase to 256 Bn liters by the end of 2027.
Consumers in North America are moving towards a
healthier lifestyle and seem to prefer sports and
energy drinks to keep themselves fit and hydrated
through the day. This factor is primarily
responsible for the boost in consumption of
non-alcoholic beverages across the region. In
terms of volume CAGR, both Asia Pacific and North
America are slated to witness a growth rate of
3.9 over the forecast period. The billion dollar
global non-alcoholic beverages market is highly
concentrated in these two regions, with Asia
Pacific estimated to reach a market valuation in
excess of US 650 Bn by 2027 end and North
America anticipated to cross US 600 Bn towards
the close of 2027. While Asia Pacific will
register a value CAGR of 4.6, North America will
record 4.7 during the decadal study. Trends
likely to be witnessed across the key regional
non-alcoholic beverages markets - North America
Health conscious Americans are looking for
healthy alternatives to traditional soda
beverages and this has prompted non-alcoholic
beverages manufacturers to launch innovative
products such as cold-pressed juices, craft
sodas, and other low-calorie beverages. New
flavors of sparkling water and energy drinks are
fast replacing soda beverages in the region.
Also, North America is witnessing a rapid growth
in the functional beverages segment. Beverages
double up as guilt-free snacks, drinkable
breakfasts, or even meal replacements. With
consumers in North America demanding more
nutritious, alcohol-free beverages, there has
been a sharp rise in naturally produced
functional beverages with inherent benefits such
as blood sugar management, energy, refreshment,
and immunity boosting properties. Asia Pacific
The Asia Pacific region is witnessing an
increased consumption of protein drinks, and this
is not limited to just athletes and sportspeople.
Women and senior citizens across the region are
also showing an inclination towards protein
drinks owing to health and wellness trends
prevalent among the general population,
especially among working women and the health
conscious geriatric population in Asia
Pacific. Further, there is a high preference for
soft drinks among the young population in Asia
Pacific. The APAC region supposedly offers the
best income growth prospects in the world, and
several young professionals from different parts
of the world are moving to Asia Pacific for
career prospects. This has fueled the demand for
and consumption of RTD beverages and soft drinks
as well as healthier functional beverages among
the millennial working class. Europe Europe is
the third largest consumer of non-alcoholic
beverages after Asia Pacific and North America
and the primary reason for this is an increasing
consumer shift towards non-alcoholic beverages
and a growing popularity of specialty tea across
the region. In Europe, an emerging trend of adult
or spicy drinks is being noticed of
late. February 2023 I www.thebusinesstycoons.com
I www.gibf.biz
29Spices are no longer used only in cooking today,
spices find application in non-alcoholic drinks
production as well. Spices such as chili and
ginger provide strong flavors to non-alcoholic
beverages and are preferred by health conscious
people who wish to avoid alcoholic and sugary
beverages. This increasing preference for adult
drinks has boosted market demand and subsequently
production in the Europe non-alcoholic beverages
market. Further, European consumers are shying
away from sugar in a bid to promote a healthy
lifestyle, and this has negatively impacted the
sales of non-alcoholic beverages in the region.
To boost sales and increase market share,
non-alcoholic beverages manufacturers in Europe
are launching old consumer favorites with a new
touch and flavor. The launch of non-GMO labeled
Tropicana is a classic example. Source
httpsllwww.persistencemarketresearch.comlmarket-r
esearchlnon-alcoholic beverages-market.asp U.S.
non-alcoholic drinks market size, by product,
2015 - 2025 (USD Billion)
- 2015 2016 2017 2018 2019 2020 2021
- Soft Drinks Tea Coffee
- 2022 2023 2024 2025
- Juices Dairy Drinks
Bottled Water
Non-Alcoholic Beverages Market Market Size(),
By Geography, Global, 2021 ....-??
-""."' ....,
,f/--
l(S
f. ,"' --
SO.O.!, NRMl(1 1V TX .- ¼rv,l" '"
. NC.O..sNF ), TO WF AS
'- ? Nlil 2. SH ZA.2 sz.,-5 WC 1.S.2.!, t
"'
CK
M"/0
-
CC CT
CP
NU
February 2023 I www.thebusinesstycoons.com I
www.gibf.biz
30(No Transcript)
31(No Transcript)
32(No Transcript)
33(No Transcript)
34(No Transcript)
35(No Transcript)
36(No Transcript)
37(ij Ii
\\1.,,,1 ,. .. 1rrd IJ, 2TH EDITION E-El DEC
2022 !ALL A, AUTO CLUSTER, MIDC CHINCHWAD 'UNE
(MAHARASHTRA) - 411019
Join Us I
Timing
ww.pharmab2bexpo.comI 10-00 AM u, 600 PM
38METALWORKING 4-7 APRIL 2023
POWDER METALLURGY 4-7 APRIL 2023
39(No Transcript)
40GI