Food and Grocery in India
A Grand Opportunity

Be a catalyst in feeding the future of Retail in India.
Food and Grocery constitutes the largest retail segment accounting for 63 percent share in the Rs.1,330,000 crore (USD 300 Billion) Indian retail market.  Only 1 percent of this segment was organised in 2007, as per India Food Report 2008 to be released at the Food Forum India at the Renaissance in Mumbai on 6 & 7 May 2008.

• Food, Grocery & Beverages constituted about 43 percent of India's Private Final Consumption Expenditure, 63 percent of the country's total Food & Grocery Retail market, and only 11 percent of organised retail market in 2006.
• Only 0.5 percent of F&G Market was organised in 2004, the share of organised segment increased to 0.8 percent in 2006, and is estimated to have increased to over 1 percent in 2007.

OPPORTUNITY IN FOOD & GROCERY

• Consumers : Urban Middle Class continues to grow by 20-25 million annually, the population is predominantly young, better exposed to modern lifestyles, and harbours a preference for packaged food and beverages.
• This growing Indian Middle Class, especially the employed youth in the ITES, BPO and other Service sectors, have higher propensity to consume, which is further fuelled by easy availability of credit due to popularization of plastic cards.
• Retailers : More than 3,500 Food outlets and restaurants operational across tier-I & tier-II cities and Retail space of over 5 million sq.ft have come up for F&G supermarkets, department stores, hypermarkets and food catering outlets.
• 25 major F&G Retailers emerged in less than a year and Retail sales in the segment grew by nearly 150% over 2006!