I wish you all a very happy New Year!
Let’s all welcome 2021 with the hope that it turns out to be a defining year in FMCG retailing. I wish this year turns out to be prosperous both for you and your businesses.
The first issue of the new year 2021 celebrates the glorious retail journey of Ratnadeep Retail as the regional retail giant launches its 100th store, despite 2020 being a pandemic year and with the economy taking a hard hit. The brand has successfully broken the mould of the standard supermarket to create a distinctive, hyperlocal grocery-shopping experience.
Aside from this, the January issue takes a look at India’s processed food sector, which has been known for its high-growth and high-profits. During the pandemic triggered lockdown, processed food products witnessed tremendous growth along with the considerable shifts in consumption patterns of consumers. As demand for processed food escalates, the segment is slated to grow rapidly in the near future promising immense opportunities for both manufacturers and retailers.
Globally, the industry has witnessed a spike of around 27 percent in overall exports since March 2020. Similar growth was witnessed in India as well with FMCG retail outlets registering a double digit spike in the frozen food items category, especially owning to the fear of hygiene. The January issue takes a look at the Processed Food category in detail. For FAQs pertaining to shift in market dynamics, consumer sentiments and on all things related to FMCG retail, do log on to our website, https://www.indiaretailing.com/category/food/