Between 2013 and 2019, India’s food & grocery market doubled from $300 billion to $600 billion and is expected to jump another $200 billion by 2024, according to consultancy firm RedSeer. This growth will be propelled by new and emerging retail segments, created by our food brands and grocers.
Already, established food categories are being explored deeper and developed further for creating newer sub-categories. For example, the good-for-you health food segment has now spawned several newer categories like gluten-free, lactose-free, vegan, and other Freefrom foods.
Between 2013 and 2019, India’s food & grocery market doubled from $300 billion to $600 billion and is expected to jump another $200 billion by 2024, according to consultancy firm RedSeer. This growth will be propelled by new and emerging retail segments, created by our food brands and grocers.
Already, established food categories are being explored deeper and developed further for creating newer sub-categories. For example, the good-for-you health food segment has now spawned several newer categories like gluten-free, lactose-free, vegan, and other Freefrom foods.