Q How do you see the entrance of luxury food chains affecting the food retail industry, given the growing globalization of Indian consumers?
First-of-its-kind luxury food chain operator, we have brought Ladurée to India and are witnessing unprecedented growth in gourmet food culture. India’s globalization has evolved the way in which the consumer is now appreciating and spending money on luxury and lifestyle. The Indian gourmet food market is valued at $1.3 billion and expected to grow at 20% every year.
The Indian consumer has developed an appetite for premium gourmet food and is becoming aware of international brands. With increasing spending power, people are willing to pay for a premium experience.
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Denne historien er fra October 11, 2024-utgaven av Outlook.
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