The fast-moving consumer goods (FMCG) industry is a major contributor to the Indian economy, with household and personal care being the leading segment. Key growth drivers are rising incomes, changing lifestyles, increased awareness, and easier access. Sustainability trends also influence purchase behavior. While urban areas contribute the majority share, rural...
Consumer Product Companies in India Report Strong Growth
During an investor conference call at Proctor & Gamble, Global Chief Executive Officer David Taylor said that the company posted robust growth numbers for the year ended June 30, 2018, of which two markets — India and Turkey — reported double-digit growth. Taylor added that sales were growing for all categories...
Indian and Foreign Companies commit to $11 billion in Food Sector
Speaking at World Food India 2017 in New Delhi, India's Finance Minister Arun Jaitley said, "Food processing is going to be one of the principal industries of India in the future. The farm to kitchen chain is going to change in India, like elsewhere, with increased agricultural production, better storage...
India Snack Wars Escalate
India's domestic snack makers and imported brands are vying for the top spot in the salted snacks category. Companies in the multinational camp are PepsiCo and ITC (both of which manufacture their foods in India) Regional companies include Haldiram Foods, Parle Products, Balaji Wafers, and Prataap Snacks. Economic Times reports a study by London-based...