RNCOS Research Indians Spend 50 per cent of Earnings on Food Purchases

Released on = April 18, 2006, 9:54 pm

Press Release Author = RNCOS

Industry = Food & Beverage

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/FB15.htm)
Although an average Indian spends half of his income on food consumption yet the
retail presence of organic foods is very low in the domestic market. They are mostly
exported to earn foreign exchange.

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/FB15.htm) In a
retail store of organic foods Suman, an Indian housewife takes about half an hour to
ask and search the shelves containing different items of organic food. This is so as
the organic section is unmarked and the foodstuffs on display are hardly beyond
cereals and pulses. Moreover the section has only two brands of the products, both
not certified.

The above mentioned example makes it clear that there is insufficient retail
presence in Indian domestic market for organic produce, local or unbranded produce,
unmatched price labels, an incomplete variation of item and government policies
inclined towards export.

The Indian government's primary attention on organic foods has always been weighted
toward the global market, leaving the greater mass of home consumers in want.
Currently organic agricultural items being produced in India are exported by about
66%. The findings of the Ministry of agriculture in India points that the global
market of organic foods is $25 billion and is expected to increase four fold to $100
billion by 2020.

In a market research report on food processing industry named "Food Processing
Market in India (2005)" presented by RNCOS, the analysts show that an average Indian
uses nearly half of his income on food items. This indicates the great importance of
the food-processing sector in the country.

According to the report the value of food processing industry accounts to be $1.75
billion, which is expected to reach $3.5 billion. The report also says that the food
habits have been changing towards more value-added products.

The market research report includes in its different chapters coverage of the
different business divisions within the industry accompanied by statistics, trends,
and legal issues and regulations that govern it.

The report "Food Processing Market in India (2005)" views that both processed food
exports and value-added agricultural produce will grow faster in the future enabling
food-processing industry in India to earn large amounts of profits over the ensuing
five years.

Finally the report covers the profile of key companies in the food processing sector
that includes brief profile, recent financial figures, key management profiles, and
companies' strategic moves/ press coverage for the overall market estimation and its
trends.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports for your business needs and
aims to put an end to your information pursuit. Our expertise in gathering global
business information for industry research, corporate training, growth consulting,
and business consulting, brings reputed companies and firms to us for business
enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/FB15.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com

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