Expanding Horizons of the Food and Beverage Industry

Related Vendors

DÜPERTHAL Sicherheitstechnik GmbH & Co. KG

TURCK GmbH

Frewitt fabrique de machines SA

The one fact that has been established so far is that India offers a plethora of opportunities for the F&B Sector. The taste of an Indian individual is varied and open to experimenting with flavours and textures both of domestic and foreign origin, and this proves to be a boon to the F&B industry. On a closing note, Nath expounded, “Globally, the F&F market currently stands at $21 billion with a combined annual growth rate of almost 3.5–4 per cent per annum in the last decade. The markets in Asia pacific have been growing at a higher rate of 7–8 per cent per annum.

The Indian market, however, has been one of the fastest growing with a growth of 12 per cent per annum in the last five years to reach $400 million in FY11 from $225 million in FY06. India is one of the markets which have lagged in the synthetic flavors and fragrance market in the past but is rapidly catching up. India’s manufacturing competitiveness along with availability of feedstock promotes it as a production base too.”

Arise in the Midst of Challenges

Increasing opportunities for the food and beverage sector

* The author is Senior Feature Writer at Vogel Business Media India

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