India Food and Drink Report Q2 2016
BMI View: Over the long-term, India offers one of the most attractive consumer bases globally, benefittingfrom a large and young population, rapid urbanisation and rising incomes. This will drive consumption ofprocessed food, as well as soft and alcoholic beverages. Nevertheless, severe operating and regulatorychallenges remain, hampering industry dynamism and limiting investment in some sectors such as massgrocery retail.
Latest Updates & Industry Developments
Food sales will expand at a rapid pace throughout our forecast period to 2020, benefiting from populationgrowth and rising incomes. The expansion of the middle class will enable consumers to diversify theirdiets and incorporate more discretionary foodstuff.
The drinks industry will also benefit from similar dynamics. With consumer preferences not as dynamicas in other Asian markets, carbonated soft drinks will continue to experience rapid growth, although thesector is at risk of the introduction of a tax on sugary drinks.
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