2014-04-02 21:29:01 - India Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
Over the long term, the Indian economy presents one of the best growth stories globally. The Indian population is the second largest in the world and is forecast to continue to grow for decades. Real GDP will also grow at an average of around 6% to 2017, with per capita incomes rising at a similar rate.
Over the long term, we maintain a bullish outlook on food consumption within the country, especially as multinationals penetrate the market with greater force. However, the country will experience significant headwinds in the short term, being affected by a general emerging markets slowdown and a weak Indian rupee. The country also has one of the largest income inequalities in the world, as well as significant
infrastructure and bureaucratic issues. That said, the sheer size of the market will result in impressive growth across many sectors over our forecast period.
Headline Industry Forecasts
- 2014 food consumption growth = +6.1%; compound annual growth rate (CAGR) 2014-2017 = +6.5%.
- 2014 alcoholic drink local currency value sales growth = +11.7%; CAGR 2014 to 2017 = +11.6%.
- 2014 soft drink local currency value sales growth = +16.2%; CAGR 2014 to 2017 = +14.9%.
- 2014 mass grocery local currency retail sales = +14.5%; CAGR 2014 to 2017 = +12.6%.
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