The processed food industry in India is expected to grow at a CAGR of 10-14% in the years ahead with output expected to reach $535 billion by 2025-26. This presents a big opportunity for plant-protein processors, snack-food processors, and other food processors engaged in the ready to- eat and ready-to-cook segments.
Our story on Griffith Foods (pages 24-30) that is globally known for its food processing innovation, shows how food brands can profitably mine this opportunity by innovating and diversifying their product range to cater to a wide variety of tastes and preferences. The brand set up shop in India in 2006 and is mainly engaged in developing products that deliver positive health outcomes, especially sugar-and-salt reductions.
With consumers showing greater awareness around transparent food labeling and sourcing, and clean ingredients, food retailers too are responding to the consumption shift by proactively promoting healthier food options with a heightened focus on quality, sourcing, importing, selection and merchandising standards.
Read our story on the Ahmedabad-based frozen and gourmet food retailer MagSon (pages 32-41), whose 25-store chain across Gujarat, Rajasthan and Maharashtra is seeing increased consumption of organic and healthy foods such as hydroponic vegetables, organic grocery, protein bars and proteinrich foods, and traditional cereals like millets.
Our special feature in this issue is on future-forward brands (pages 42-56), which has a clutch of interesting profiles of emerging and established food brands creating their own playbook in the market. We hope our readers will enjoy this month’s issue along with the festivities.