The World Food India Expo 2024, held at New Delhi in September, showcased India's ambitious goal of developing a $100 billion nutraceutical ecosystem by 2047. The event, organized by the Ministry of Food Processing Industries, brought together international leaders and regulators in the food processing and nutraceutical sectors. A significant...
India Rises as a Growth Opportunity for Global Consumer Brands
India has emerged as a prime focus for global consumer goods giants seeking growth opportunities amid China's uneven economic recovery. With India's economy expanding rapidly among major emerging markets, companies are adapting their strategies to cater to the country's diverse consumer base and tap into its vast rural market potential....
Hindustan Unilever’s Market Cap Reaches 67% of Parent
In the first week of October 2022, the Market Capitalization of Mumbai- headquartered Hindustan Unilever (HUL) reached 67% of its parent company Unilever based in London, UK. HUL’s m-cap touched $77 billion as compared to Unilever’s $115 billion, a report in Economic Times said. Unilever’s market capitalization has deteriorated in...
Unilever India Renames Skin Whitening Product
The Indian arm of the consumer goods group Unilever says it will change the name of its skin-lightening cosmetics range Fair & Lovely and stop using terms such as “whitening” in its marketing, but will continue selling the popular product which makes $500 million for the company each year. The new name...
India to Become Unilever's Largest Global Market
U.K.-headquartered Anglo-Dutch company Unilever is bullish on India's conusmer market. Sanjiv Mehta, chairman and managing director, Hindustan Unilever Ltd., said, "For Unilever, India is currently the largest market in volume terms and the second largest in value terms, and in the very near future we clearly see a day when...
Unilever Ventures Invests in India's Milkbasket
U.K.-based Unilever's venture capital arm, Unilever Ventures, invested $3 million in Gurgaon-based Aaidea Solutions, which runs the grocery delivery start-up Milkbasket. The firm delivers milk, bread, eggs and butter to customers' homes every day at 7 am and is looking to add further grocery lines to its service. Anant Goel,...