Indian confectionery retail sales grew by seven per cent last year, boosted by “key indulgence categories” such as chocolate and functional gum, says Euromonitor.
India has more than 175 million Muslim people but still does not have access to many Halal products from reputed brands, prompting Intertek to expand its services in India to include Halal certification of food products.
India-based rice exporter Kohinoor Foods Ltd has formed a joint venture with US-based spice maker McCormick for the marketing of basmati rice and other food products in India.
Mumbai-based food processor ADF Foods Ltd, which garners a majority of its sales revenue from overseas markets, is now looking to penetrate deeper into its home market of India.
DKSH Holdings Ltd, the Swiss market expansion services group focused on chemicals, food and drug industries, is making plans to further boost its business in India through local acquisitions, local newspaper Mint reported last week.
The Indian Council of Medical Research (ICMR) is calling on researchers to submit projects investigating probiotic benefits in women and children, and has set an August 15 submission deadline.
The Indian supplements market is ‘ripe’, according to Jeff Hilton of Integrated Marketing Group, who has been conducting research in advance of a new launch later this year of a product line that combines the Ayurvedic tradition with modern ingredients.
The Indian confectionery market will see rapid growth over the next three years, according to the latest Datamonitor research, with an increasing premiumisation trend leading to a hike in chocolate purchases.
The Indian Food and Drug Administration (FDA) has seized nearly 17,000 packets of a Unilever red tea product for making non-approved antioxidant claims.
The Free Trade Agreement (FTA) between the EU and South Korea means European food and drink businesses will benefit from improved trading conditions, and agricultural exporters will save an estimated €380 million a year thanks to eliminated tariffs.
India’s Avesthagen Limited has announced the completion of its development of microalgae-derived DHA (docosahexaenoic acid), with the technology validated for commercialization.
Irradiation of potatoes at a sprout inhibition dose reduced acrylamide formation in potato chips and improved their colour, according to new research from India.
The Indian Food Safety and Standards Authority (FSSA) has been blocked from including representatives from the food and beverage industry in a scientific panel set up to advise on safety and standards.
Indian authorities have urged greater investment in the functional foods sector to join the battle against malnutrition and obesity, and promote wellness among the country’s 1.1bn population.
The first 100 per cent single source chocolate from Vietnam is being launched by Belgian B2B producer, Grand-Place, who in a bid to increase output is investing heavily in improving the quality of the cocoa beans from the region.
Vitamin charity Vitamin Angels and DSM’s Sight and Life are addressing vitamin A deficiency in Indian children by establishing a sustainable supply and distribution system promoting “local ownership” of the deficiency problem.
Demand for convenience and ready-to-eat food in India will explode over the next five years as a major shift in food-purchasing habits by the growing numbers of middle-class city dwellers takes hold, according to new research.
Ingredients supplier Beneo is to present its naturally-derived low glycaemic functional carbohydrate isomaltulose at a health conference in Mumbai, India later this week.
France and India have hailed the “strategic importance” of the Asian country’s food processing and agricultural sectors as they unveiled plans to achieve bilateral trade reaching €12bn by 2012.
The Indian confectionery market witnessed the launch of over 200 products in various categories last year, thus ranked, according to Datamonitor, in the top 20 in terms of global new product launches in 2009.
The Korean functional food market hinges on obtaining the nation’s precious ingredient claim approval, but breaking that barrier opens the floodgates to huge market potential, according to an industry expert.
A cranberry ingredient from US firm Proprietary Nutritionals Inc (PNI) can be supported by a health claim in the Korean market, after the nation’s regulator approved a claim linking it to urinary tract health.
The Indian joint venture between Yakult and Danone established in 2005 to bring Yakult probiotic drinks to the Indian market is expanding with Bangalore targeted as the point of entry for southern markets.
Direct foreign investment in the Indian food processing industry rocketed 175 per cent during 2009-10 to reach $279.33m and now plays an important role in developing the sector, according to the national government.
Nestlé chocolate products recorded double-digit growth in emerging markets, driven partly by the performance of the lowest priced products in its portfolio, said the group as it posted gains of 7.5 per cent in net profit for the first six months of the...
The Indian Ministry of Health has approved the use of Beneo’s low GI Isomalt sweetener in a raft of new food categories, including Indian sweets and more Western-style foods.
Seasonings and flavorings firm McCormick has signed an agreement to purchase a 26 percent share in Eastern Condiments Private Limited, an India-based spice and seasoning business, the company has said.
Around US$30bn worth of investment is needed to “revolutionise” India’s food processing sector to boost the volume of processed products to 10 per cent of overall output by 2015, according to a new report.
Stevia supplier GLG Life Tech has announced that it is looking to develop agricultural and extraction facilities for stevia in India, as well as market its stevia extracts in the nation.
India’s probiotics market has been highlighted by researcher Frost & Sullivan as a “major growth market of the future”, with annual growth of 22.6 per cent until 2015.
Body fat burning products intended for weight loss were the largest portion of recent Korea Food and Drug Administration functional foods authorisations.
The Indian Government has unveiled proposals to double the size of its food processing industry within the next five years by increasing funding and improving technology and infrastructure in the sector.
Joint ventures in food processing and food retailing are planned by the Netherlands in India’s eastern and north-eastern states - providing it can find partners able to comply with international safety standards, according to the publication Business...
The signing of a free trade deal between the EU and Korea has been hailed by the food and beverage industry, as it will unlock new market access for the sector.
India urgently needs a national food processing policy which incorporates tax breaks for the sector, the nation’s Prime Minister Manmohan Singh told a conference of state food processing ministers this week.
A shortfall of 10m tons of cold storage facilities for agriculture produce is holding back the nation’s food industry including its rapidly developing food processing sector, according to a new report from financial specialists KPMG and Assocham; the...
Formulation of a separate policy for food processing and a targeted R&D programme to boost processing and packaging technologies are two of the latest proposals unveiled by the Indian government for the sector.
US pharmaceutical firm Abbott has made a significant push in the Indian nutrition market, following its acquisition this week of some of the nation’s leading infant and adult nutrition brands.
Despite low levels of public awareness compared to western markets, functional foods and ingredients are finding growth in areas of India, as consumers switch on to the promise of healthier foods, beverages and supplements.
Scotch whisky makers see trade talks taking place next month between Korea and the EU as another major step in its continued attempts to develop further into Asia’s spirit markets.
The Indian National Bank for Rural and Agriculture Development (Nabard) is forming a farmers’ club to promote the cultivation of noni, according to reports.
