India Food Report 2016 was released on January 19th by General (retd.) V.K. Singh, Union Minister State for Statistics and Programme Implementation (independent charge), Minister of State for External Affairs & Minister of Sate for Overseas Indian Affairs at the Ninth Annual Mega Congregation of India Food Forum in Mumbai.
The Report offers extensive mapping, sizing of the food manufacturing, marketing and retailing sectors in India, insights, analyses and research on the Indian food & grocery retail and food service businesses and features insightful commentary and analyses by a slew of illustrious names – category and industry experts from some of the world’s most respected consulting and/or market study organisations, retail business heads, brand analysts and consumer research companies, among others.
Organisations/ industry experts who have contributed to the making of the Report include Nielsen, A T Kearney, Accenture, PWC, Technopak, IMRB, GS1, Institute for Competitiveness, IFC, Troika, PRICE, Wazir, Maple Capital Advisors, D’Essence Hospitality Advisory, IBEF, NRAI, IMT, IIM, Rama Bijapurkar, Dr. Rajesh Shukla and Harish Bijoor to name a few.
This Report highlights the potential of India’s Food sector – both Food & Grocery and Food Service – and addresses some of the key interventions that are necessary to ensure a sustained impetus for the sector’s growth. Both these sectors are evolving and maturing, offering lots of opportunities for business and growth. What is fueling the growth of these two sectors and what are the opportunities for investment? While the chapters later on in the book offer a detailed perspective and analysis of food business segments – food retail, food processing, food logistics & support, food services, supply chain and technology –Â the India Food Report undertakes an informed analysis of the market dynamics shaping India’s F&G retail and food-service business.
The Report looks at key business opportunities within these sectors, focuses on the investment potential and stresses on key challenges that need to be addressed. It also sets benchmark figures on consumer spends and retail market size across key food categories and segments offers insightful and pertinent observations on India’s evolving food & grocery/ food service retail landscape.
Each of the report’s chapters are packed with insightful data and observation on Food & Grocery, Food & Beverages, FMCG Market, Consumption Trends, Success Stories/ Case studies of global and Indian majors in Food Retail, New Concepts in F&G, FMCG, and F&B, Investments Opportunities in Food backend operations, Private Labels, Use of Social Media and Apps in Food Retail, Adoption of Omnichannel Marketing in Retail and other important aspects of Food Retail. The chapters of the Report, written by the foremost experts in their fields, are all very topical and will prove useful to all those associated with Food Retail, Food Processing and allied sectors.
The Report reveals that India’s Food Retail sector comprising Food & Grocery and Food Service is valued at Rs 25,12,962 crore (2014) and holds a 65 per cent share in the country’s total retail market. Out of this, Food & Grocery Retail is worth Rs 23,03,496 crore and food service market is valued at Rs 2,09,466 crore. The average rate of growth during the past four years in F&G has been 15 per cent per annum and in food service it has been 22 per cent per annum. The respective growth rates are expected to take these retail markets to Rs 54,20,789 crore and Rs 6,90,672 crore by 2020.
Data from the chapters in the Report show that over the next six years the food market is expected to register an average growth rate of 5.3 per cent per annum. The pace of growth is expected to be slightly higher at 5.7 per cent per annum between 2020-21 and 2025-26. Both urban and rural growths are likely to be considerably higher during the next decade as compared to the decade ending 2014-15.
The report looks at the way forward for India’s Food Retail sector and what it has to offer to both domestic and international investors, in all aspects of growth and business.
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