Category — Food Processing

India’s Dairy Sector Buoyant Despite Global Slump

According to Dublin, Ireland-based Research and Markets, India, the largest producer and consumer of milk globally, should report a 15.6% year-on-year growth in revenues for this year.

India’s demographics and dietary habits have changed over the past two decades, and the demand for cheese, ice cream, and yogurt now takes precedence over the demand for just milk.

Cows in a pastrue

Globally, milk prices have remained low last year because of weak import demand and oversupply. This was compounded by the slow down in the economy of China, Russia‘s ban on EU produce, and the abolition of the EU’s dairy production quotas, says the Dairy Reporter.

April 23, 2017   No Comments

Pizza Hut to Double Store Count in India

With its business growing rapidly in India, Unnat Varma, managing director, Pizza Hut, India said it was time to consolidate. “In the long-term, India is one of our most important markets. In the medium term, we plan to double the number of stores. We currently have 360 restaurants across 100 cities. We will double that to over 700 in the next five years,” said Varma.

Consumer sentiments continue to evolve. “Five to six years ago, the western food format stood third in preferences after Indian and Chinese, and within that pizza was the highest. Recent studies show pizza is the biggest category, and has become the most accepted food across all consumer categories,” he added.

Pizza Hut Box

Pizza Hut, India is also focused on growing its online sales, which has seen a rise since demonetization in November, reports india.com

 

February 13, 2017   No Comments

India’s Britannia Industries to Go Global

Bakery and dairy product maker Britannia Industries headquartered in Bangalore, India, is planning to expand its presence in overseas markets, reports moneycontrol.

“It’s our vision to make Britannia not just an Indian food company but a global food company. We want our footprint across the globe and have made some move across that direction and a lot more would be coming in future,” said managing director Varun Berry.

Britannia Logo

The company aims to double its revenue of $1.2 billion, for FY 2015-2016, in the next four to five years. Britannia products are currently available in 70 countries across the globe but its manufacturing activities are located in India and the Middle East only. The company is setting up an additional manufacturing plant in Gujarat‘s Export Zone.

In November, Britannia inaugurated its new R&D center at Bangalore, in which it has invested $33 million.

December 29, 2016   No Comments

India’s Food Safety Regulator Simplifies Rules

IndiaRetailing.Com reports that in an effort to streamline and simplify regulations for the food service industry, the Food Safety and Standards Authority of India has planned to implement:

  1. The appointment Food Safety Supervisors – In a pilot testing phase, the training and certification of Food Safety Supervisors has already been started in the western state of Goa, and will be conducted in all states.
  2. Displaying Food Safety Boards – If Food Safety Display Boards, that highlight food safety and hygiene measures are not displayed or  followed at outlets that serve food, consumers can reach the regulators via a helpline.
  3. Streamlining the responsibilities of various agencies concerned with food service – CEO, FSSAI, Pawan Agarwal said, “The police authority will monitor public gatherings from a law and order point of view; the municipal authorities will be responsible for the general sanitation of the place; and the food authority will ensure food safety and hygiene of the food served to consumers is concerned.”restaurant

November 22, 2016   No Comments

Dr. Oetker Localizes for India

Founded in 1891 in northern  Germany, Dr. Oetker is a family enterprise that manufactures frozen pizzas, cakes, yogurts and other products. In India since 2007, the company first introduced frozen pizzas and muesli in the country. However, the were unsuccessful in this venture since “the home baking division was not a huge market, the concept of frozen pizza was far too early for the consumers and the chilled dessert market was at a nascent stage in India,” reports the Economic Times.

In 2008, Dr Oetker bought Delhi-based Fun Foods, that manufactured packaged food products such as mayonnaise and sandwich spreads, and revenues jumped: from $5 million  in 2008, to $35 million  last year. Sales of eggless mayonnaise  account for almost 80 percent of the overall mayonnaise volume in India.

Dr. Oetker's mayonnaise
Pointing out his first biggest lesson, Oliver Mirza, head of the company’s India vertical, said, “Whatever we do internationally, nothing works in India. People think differently in India, so you need to focus on needs and essentials. You cannot come with international concepts.”

“It’s important to understand India with its local needs,” he says, adding that mayonnaise in India is creamy unlike in the U.S. and the U.K. where it’s starchy.

November 4, 2016   No Comments