New Market Report: India Food & Drink Report Q1 2015

From: Fast Market Research, Inc.
Published: Mon Dec 29 2014

Over the long term, the Indian economy presents one of the best growth stories globally. The Indian population is the second largest in the world and i s forecast to continue to grow for decades. Real GDP will also grow at an average of around 6% to 2023, with per capita incomes rising at a similar rate . We forecast that inflation will average around 4% over the longer term, which should be a sustainable level for the economy. W e maintain a bullish long-term outlook on food consumption within the country, especially as multinationals penetrate the market with greater force, and industry regulation becomes more favourable to foreign investors .

Headline Industry Forecasts (local currency)

* 2014 food consumption growth = +7.0%; compound annual growth rate (CAGR) 2013-2018 = +7.0%.
* 2014 alcoholic drink value sales growth = +11.7%; CAGR 2013 to 2018 = +11.5%.
* 2014 soft drink value sales growth = +16.2%; CAGR 2013 to 2018 = +15.0%.
* 2014 mass grocery retail sales = +14.5%; CAGR 2013 to 2018 = +12.7%.

Full Report Details at

Key Company Trends

Fast Food To Benefit From Improving Economy : There remains a great deal of scope for growth in India's fast food market for both Indian and Western firms. New quick service restaurants have been steadily entering the market, though the Indian consumer's substantially different food and cultural taste, as well as the country's poor infrastructure, continue to provide tough but not insurmountable challenges. Western interest in the Indian fast food industry is as strong as ever, with Krispy Kreme, Burger King, McDonald's and Yum! Brands' Taco Bell having all announced expansion plans or new openings in the country over the past year. These Western chains account for less than 10% of the market so there is a great deal of room for multinational chains to establish themselves. Similarly, Indian chains such as Kaatizone also have a lot of room to grow.

India To Remain Self Sufficient In Dairy Products : India's...

The India Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's India Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in India.

Key Benefits

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