India’s packaged food industry is rapidly growing. The sector is likely to rise to $50 billion next year from $32 billion last year, according to the Associated Chambers of Commerce and Industry of India, which said, "There has been a major shift in food habits in the metropolitan cities. About 79...
Ice Cream Sales Rise 20% Annually in India
“The sales of ice cream doubled between 2007 and 2012, and are expected to do so again in the five years ending 2017, reaching $1.1 billion. The ice cream industry is seeing double-digit growth year-on-year,” says Aziz Hafizi, president of Pastonji Brand and Holding Private Ltd., a company that manufactures...