Tata Consumer – “The organized Indian Staples industry is ~Rs. 88,000 Crores in 2019. It is largely unorganized, with the share of branded players at less than 10%.”
Marico – “In India, we have witnessed consistently strong traction in the Foods portfolio in FY20. We will continue to focus on driving penetration of savory oats and further extending the category with new offering focused on immunity, convenience, and nutrition.”
ITC – “Company sustained its position as one of the fastest-growing branded packaged foods businesses in the country, leveraging a robust portfolio of brands, a slew of first-to-market offers, a range of distinctive products customized to address regional tastes and preferences, along with an efficient supply chain and distribution network. Whilst the Business was on track to register. Company’s Branded Packaged Foods Businesses continued to make significant investments towards brand building and supporting the scaling up of nascent categories. Cut-through advertising and brand engagement platforms touching millions of consumers through market development efforts strengthened the market standing of brands across categories. With consumer spends amounting to nearly Rs 15000 crores anchored on robust brands that reach one out of every two Indian households, your Company sustained its market standing as the 3rd largest food company in the country (publicly listed)”
Nestle India – “In the Baby Foods Category, and in keeping with our line with the consumer trend towards traditional millets becoming the modern super grains, your Company has launched the first-ever ‘Ragi’ variant under the brand CERELAC. Your Company’s ‘Out of Home’ business extended its food portfolio by launching new products in the ‘Ready to eat’ and ‘Food Solutions’ segment. With the launch of MAGGI Poha and MAGGI Upma. New products like MAGGI Liquid Seasoning and MAGGI PROFESSIONAL Thai Curry Pastes (100% Vegetarian Red & Green Curry Pastes) were also launched as food solutions to strengthen presence in the Pan-Asian Restaurant segment
KRBL – “As KRBL positions itself as an innovative and research led agriproducts company, it is imperative that it delivers innovative and tailored solutions for different consumer segments that help KRBL meet the evolving consumer needs. In line with this strategy, the Company ventured into the Healthy Food segment in the last couple of years.
Rising instances of health issues owing to increasing stress levels and sedentary lifestyles, have resulted in consumers on a constant lookout for healthy foods within their staple diet. Consumers are on the lookout for healthy and nutritionally superior food which helps control their diet and minimize the stress levels yet good to eat and high on nutrition content. Further, rising consciousness among urban population to have a check on one’s diet and weight is redefining the need trends.”
LT Foods – “Being one of the leaders in the core basmati segment, our focus is on maintaining the leadership position by offering products across multiple price points, being available across channels, and delivering a world-class experience to consumers. While strengthening the core business and going by our forte (i.e. advanced farm-to-fork infrastructure, global supply chain base, class-leading distribution network, and strong brand equity across geographies), we are also looking to nurture new initiatives in line with changing consumer trends in the market, especially in the health and convenience segment.
Tasty Bite Eatables – “Heightened awareness of the correlation between food and wellness. Plant-based natural foods will see explosive growth. The drivers of this change are visible all around us. Fear of processed meats, heightened sensitivity to animal cruelty, increasing knowledge of the goodness in plants, and the recent growth in plant-based meat alternatives. De globalization will change food habits. Concerns for public health and climate change combined with government stimulus will drive the local movement which in turn will drive a change in food habits.