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.
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 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 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.