Description
The FMCG sector in India is facing challenges like high inflation, slow urban demand, rising commodity prices, and reduced consumer spending, leading to slower growth. To overcome this, companies must embrace disruptive innovation, modernize supply chains, and adopt proactive, customer-focused strategies. Rural markets offer key insights for growth. By localizing products, offering affordable packaging, and leveraging grassroots marketing, brands can tap into rural India’s vast potential. For more, see pages 26-27.
Amid FMCG challenges, Bolas Agro, based in Udupi, Karnataka, has thrived. As India’s largest dry fruit seller under the “Bolas” brand, it dominates both domestic and international markets. A leading importer, processor, and exporter of agricultural commodities like cashews, coffee beans, and edible oils, Bolas Agro has expanded into retail, launching 76 self-branded stores and strengthening its B2C presence online and offline. For the full story on its six-decade journey of growth and innovation, see pages 28-37.
Turn to pages 50-57 as we spotlight the top retailers and brands recognized at the 17th India Food Forum with the prestigious Coca- Cola Golden Spoon Awards. From Freshpik and Nature’s Basket to LuLu Hypermarket and Reliance Fresh Signature, alongside Conscious Food, Tata Soulful, and Godrej Genteel, these honorees are driving consumption and transforming marketing and distribution strategies, and reshaping the future of the food industry.
Pages 40-47 explore the dramatic transformation of India’s foodservice industry over the past two decades and its future. Dining out, once reserved for special occasions, has now become a regular part of life, reflecting a complete shift in how we order and consume food. Dive into the December issue of Business of Food for more sharp, insightful stories on food retail and foodservice to keep you ahead of the curve on the trends and shifts shaping the food industry.
