INTRODUCTION
The urban segment (accounts for a revenue share of around 55%) is the largest contributor to the overall revenue generated by the FMCG sector in India. However, the last few years, FMCG market has grown at a faster pace in rural India compared to urban India. Semi-urban and rural segments are growing at a rapid pace and FMCG products account for 50% of the total rural spending.
Ayurvedic FMCG industry is based on the augmentation and marketing of products between food drinks, health, domestic and personal care, etc. In the current scenario, more than 30,000 proprietary and 1500 classical products are available in the market. The market of Ayurvedic FMCG products is estimated to record a combined annual growth rate (CAGR) of 16% between 2016 and 2021 and will grow from the current $ 500 million to $ 1.1 billion by 2021. Although many FMCG products advertise the estimated results, the Ayurvedic FMCG industry is largely irregular.
The shift toward natural products has gathered momentum. Also, companies of all sizes are racing to match the pace. This article reviews a snapshot of current trends in the FMCG market concerning herbs and spices that will provide development opportunities and strategies adopted by the multi-billion-dollar market.
TRANSFORMATION IN INDIAN FMCG SECTOR
Bu hikaye Food Marketing & Technology - India dergisinin December 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Food Marketing & Technology - India dergisinin December 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Avocados: Health Benefits And Sustainable Cultivation
ATTRACTIVE GROWTH SEGMENT - In only a few years, the avocado has developed from being a rather a and has become an integral part of modern cuisine and in restaurants throughout Europe and beyond.
UFlex to Showcase Innovative and Sustainable Printing and Packaging solutions at DRUPA 2024
U Flex Limited, India's largest multinational flexible packaging and solutions company, is participating in DRUPA 2024, the premier global trade fair for print and packaging innovations, scheduled to take place in Dusseldorf, Germany from March 28 to June 7, 2024.
Hubergroup and Manroland Goss unite for Sustainable Packaging Innovation
Hubergroup, a global specialist in and chemicals, has partnered with manroland Goss web systems, a leading provider of web offset printing solutions, in a strategic collaboration.
Technological Advancements in the Premium Flavour, Extract and Concentrate Industry
Food Marketing & Technology Magazine had the privilege of hosting the fourth edition of their business webinar on “Technological Advancements in the Premium Flavour, Extract and Concentrate Industry” with Paul Ahn, Global Sales Manager, Flavourtech.
Flavourtech's Origins: From Wine to Worldwide Flavor Solutions
LEON SKALIOTIS, CEO of Flavourtech - Discover how Flavourtech, founded over 40 years ago by an innovative winemaker in Australia, evolved from addressing grape juice desulphiting to revolutionizing flavor extraction and concentration across various industries.
How CPG Companies Can Adopt Better Sustainable Packaging Practices in 2024
Sustainability has gone mainstream. With more switching to consumers environmentally friendly brands, it's become a central theme across all industries.
The Evolution of the Protein Value Chain Sustainable Protein Systems for a Growing World
As the world's population is on course to surpass ten billion by 2050, our food systems face the challenge of providing sustainable nutrition without further harming harming the planet. Animal-based diets and the reliance on animal-derived proteins are significant contributors to environmental degradation and public health issues. Not only is the global population increasing, but the expanding middle class in developing nations is driving a surge in protein demand, intensifying the strain on our environment.
Implementing the Technological Intelligence in Agricultural Produce
It is estimated that by 2050 the I world's population will be around 10 billion. From employment generation to contribution to National Income, agriculture is important to all of us as agricultural produce is the core on which we survive. It contributes a significant portion to the economic prosperity of the developed nations and plays an active part in the economy of the developing countries as well.
Cocoa Crises: A Sweet Industry's Bitter Challenge
As a pastry chef and entrepreneur running a small-scale baking business, I have always believed in the magic of cocoa. From the velvety richness of couverture chocolate to the deep, earthy notes of cocoa powder to the creamy allure of cocoa butter, these ingredients are the essence of our creations.
Ethylene Oxide (ETO) Detection in Ready-Made Spice Mixes: Ensuring Food Safety
INTRODUCTION - In the world of culinary delights, ready-made spice mixes hold a cherished place, adding convenience and flavour to countless dishes. However, recent concerns over food safety have brought to light the presence of ethylene oxide (ETO) in some of these products.
