Rural and semi-urban segments currently account for 60% of the juice market in India and have been growing faster than metros, according to data from US-headquartered PepsiCo, which sells Pepsi, 7UP and Mountain Dew. Singapore- Rural and semi-urban segments currently account for 60% of the juice market in India and[Read More…]
India
Chai Point raises $20M series C funding
Chai Point will use its funding to broadening its operations, especially its beverage vending machine vertical BoxC. Singapore- Organised tea firm Chai Point has raised $20 million in latest funding round led by private equity firm Paragon Partners. The series C round also saw participation from all its existing investors[Read More…]
Coca-Cola launches no-sugar variant of Thums Up
The launch comes after the company announced it plans to make Thums Up a $1 billion brand by the end of 2020. Coca-Cola India has launched a no-sugar variant of its Thums Up Charged cola as it aims to offer Indian consumers more no- and low- sugar beverage options. The[Read More…]
McDonald’s lags behind Domino’s in India as ordering biz booms
A pickup in the economy and growing demand from the planet’s largest youth population are boosting fast-food sales in India. Singapore – Even as McDonald’s tries to woo Indian stomachs with such menu items as the McAloo Tikki, a legal dispute with a key franchisee partner, Connaught has put it[Read More…]
India leads the packaged tea market in 2017, followed by China
While India is the leading market for retail volume sales globally, Turkey takes the lead when it comes to per capita consumption. According to a research by market intelligence agency Mintel, India was the world’s largest packaged tea market in 2017, consuming a total volume of 678,200 tonnes worth of packaged[Read More…]
Industry responds to Indian Union Budget 2018
The Union Budget 2017-18 is on expected lines and is focused on improving the quality of life in Rural India. “Bharat, or Rural India, has been the key focus of Finance Minister Mr. Arun Jaitley’s Union Budget for 2018-19. It presses all the right buttons and ticks all the right[Read More…]
Keventer Agro plans expansion in north east India
Plans are also afoot to diversify its product basket by having value-added offerings like curd and yoghurt. Kolkata-based Keventer Agro Ltd, a group outfit of the Rs. 1,800-crore Keventer Group, looks to expand its dairy business by entering the north-eastern markets and strengthening its footprint in West Bengal. Plans are[Read More…]
Scientists use bacteria for fortifying food with riboflavin
Lactobacilli is an ideal candidate for riboflavin-fortification of foods. Although found in various foods like eggs, green vegetables, milk and meat, there are numerous cases of riboflavin or vitamin B2 deficiency occurring on a regular basis. To help solve this, scientists have been looking for ways to supplement the intake[Read More…]
IKEA ensures vegetarian options in the Indian menu
IKEA is preparing to open its first store in Hyderabad next spring with a shopping area spread over 400,000 sq ft. The world’s biggest furniture retailer IKEA is also a top restaurateur, and its characteristically Swedish menu helps sustain the stamina of shoppers at the giant DIY stores. The retailing[Read More…]
Everstone Group ropes in Ajay Kaul as senior director
At Everstone, he will oversee QSR investments of F&B Asia that owns and operates several marquee brands such as Burger King (India and Indonesia), and Domino’s (Indonesia). Food and beverage (F&B) industry veteran Ajay Kaul has joined Everstone Group as Senior Director to support growth in the Quick Service Restaurant[Read More…]
