Sunday, 25 September 2016

Show Review: Over 300 Exhibitors at PotatoEurope 2016

Show Review: Over 300 Exhibitors at PotatoEurope 2...

 The 300 exhibitors present (25% more than in 2008) were able to meet with their customers, at Pot...

Potato Bowl Starts on September 13

Potato Bowl Starts on September 13

 Potato Bowl football game, billed as a battle between two of the largest potato growing regions i...

Potato Processing International Magazine Invites You to Seminar at Potato Europe

Potato Processing International Magazine Invites Y...

 Potato Processing International magazine (PPI) will host a seminar on September 15, starting at 2...

JBT Corporation Acquires Cooling and Applied Technologies

JBT Corporation Acquires Cooling and Applied Technologi...

 JBT Corporation, a global technology solutions provider for the food and beverage industry, announced ...

Americans Spent Over USD7bn on Potato Chips in 2015

Americans Spent Over USD7bn on Potato Chips in 2015

 Americans spent USD7.5bn on potato chips in 2015, or an average of roughly USD 23 for every man,woman ...

CIP Marks 45 Years in Potato Research

CIP Marks 45 Years in Potato Research

 International Potato Center (CIP) has recently marked its 45th anniversary. Nearly half a century ago,...

Key Technology Introduces VERYX Belt-Fed Digital Sorters to Europe

Key Technology Introduces VERYX Belt-Fed Digital Sorter...

 Key Technology introduces its VERYX belt-fed digital sorters to the European food processing industry ...

Case Study: Ishida Helps Spanish Snack Manufacturer to Grow

Case Study: Ishida Helps Spanish Snack Manufacturer to ...

 Aperitivos y Extrusionados (Apex), now one of Spain’s top three snack food manufacturers, uses Ishida ...

GEA to Present Equipment Portfolio at Chillventa

GEA to Present Equipment Portfolio at Chillventa

  From October 11 to 13, 2016, Chillventa will turn the trade show fairgrounds in Nuremberg into an in...

Lay’s Chalet Sauce Potato Chips Available in Canadian Retail

Lay’s Chalet Sauce P...

  Frito-Lay Core Global Brands, PepsiCo Foods Canada, a...

Cambodia Opens First Potato Research Centre

Cambodia Opens First...

 With potato consumption continuing to rise in the Kingdom...

New Potato for Diabetics, Growing at Waterdown Farm

New Potato for Diabe...

 Canadian consumers who avoid potatoes to reduce their car...

Inventure Foods Adds Kettle-Cooked Potato Chip Manufacturing to Factory

Inventure Foods Adds...

  Specialty foods marketer and manufacturer Inventure Foo...

Avebe Starts the Potato Harvest Campaign

Avebe Starts the Pot...

 Potato starch producer Avebe has recently announced the s...

Land-Grant Universities Bolster the US Potato Genebank’s Impact

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 Land-grant universities are collaborating to support the ...

New Variety of Innate Potato Approved

New Variety of Innat...

  The J.R. Simplot Company has completed a voluntary cons...

The Use of Nicotine-based Pesticides Limited in Minnesota

The Use of Nicotine-...

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Greenpeace Issues Blacklist for Pesticides in EU

Greenpeace Issues Bl...

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Costs of Developing GM Potatoes Comparable to Conventional Varieties

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Packaged food sales in India are forecast to soar by more than two-thirds over the next four years, according to research from industry analysts BMI.


Rising disposable incomes and the on-going urbanisation of India's population are set to drive the packaged food market in India, BMI said.

The analysts forecast that, by 2012, packaged food sales will climb over 67 per cent to US$21.7bn, figures that add further weight to the perception of India as a key emerging market for multinational food manufacturers.
The young, urban, rich are also starting to demand more ‘premium' food and beverages, BMI said, a trend that looks set to propel per capita spending on packaged food.

"Although non-essential consumer goods are barely established at the mass-market level, premiumisation is already becoming a viable growth option, particularly among younger consumers in major urban centres," BMI said in its report.

With India's economy forecast to grow at 7.9 per cent a year between now and 2012, multinational interest in the market is ‘massive', BMI said. However, local conglomerates are investing more in the country's food sector, the analysts added.

The likes of Reliance Industries and RPG have broken into India's burgeoning organised retail sector, while the likes of cigarette giants ITC and Godfrey have made moves into packaged food.

Food specialists, like dairy group Amul, are also looking to become ‘food generalists', BMI said.

"A dynamic industry should fuel competition, which will in turn heighten marketing and promotional spending, as well as drive down the price of non-essential, added-value items," BMI added. "Such a trend would fuel consumption and drive down food spending in value terms, with higher volume sales able to offset slightly lower per-unit sales prices."

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