UKIBC Webinar – Indian High-Value Foods Market
The UK India Business Council (UKIBC) conducted a webinar on 3rd September 2019 highlighting the “Indian High-Value Foods Market”. Our expert speakers, Amit Lohani, National Convener, Founder, and Director of the Forum of Indian Food Importers (FIFI), and UKIBC’s Food and Drink Consultant, Shubhi Mishra, shared their insights into how to tap into the booming high-value foods market and its consumption trends in one of the largest, though complicated, Indian food and drink markets.
Riding on increasing disposable incomes and rapidly evolving consumer needs, the demand for high-value foods in India has been fast changing across both the urban and rural landscapes via various distribution platforms. An increasing disposable income naturally alters spending patterns at a higher level, and also shifts more focus on health and aspirational purchase decisions. Predictably, Indians are now spending more on high-value foods. Consequently, a significant increase in the import of high-value foods in the last five years, such as fresh fruits, dry fruits, almonds, nuts, and meat, indicates a change in the consumption pattern from traditional staple grains to a greater variety of healthy food and beverages, especially amongst the growing middle-class population of the country.
This webinar also emphasised UKIBC’s upcoming trade mission around India’s leading food trade show, India Food Forum (IFF 2020), taking place in February 2020 in Mumbai, with support from leading Indian associations such as FIFI. UKIBC experts believe this is an excellent opportunity to meet with key channel partners and regulatory bodies with a chance to showcase high-quality UK food and drink products to a vast range of businesses.
Should you be interested in finding out more about UKIBC’s work in this sector, please do not hesitate to get in touch with Shubhi on shubhi.mishra@ukibc.com.
