The FMCG market in India is poised for significant expansion, with an estimated Compound Annual Growth Rate (CAGR) of 14.9 percent, reaching a projected value of $220 billion by 2025. In particular, the packaged food market is anticipated to surpass $70 billion within the next two years. With good news comes the challenges. FMCG players encounter numerous challenges related to in-store product placement, stocks, pricing, promotions, and more. However, these obstacles can be overcome by understanding the assortment of products available in stores and gauging consumer response, considering the intense competition for retail shelf spaces. This is where AI plays a crucial role, as technological advancements in labeling and compliance can assist brands in achieving tangible results.
This week’s edition of “Indian Retail at a glance” highlights How Home-Grown Brand Mitra is Positioning Itself in The Indian FMCG Market? How heat waves impact the snacking industry? What is AI tech and its efficiency quotient?
Tata Consumer to expand presence in southern India
Tata Consumer Products Ltd is expanding its presence in the southern markets and focussing on building distribution channels in rural and semi-urban markets now, the company said in its latest annual report.
CLICK HERE TO READ MORE
How Home-Grown Brand Mitra is Positioning Itself in The Indian FMCG Market
The D2C boom, primarily driven by Tier II, III, IV (called Bharat), is growing at a CAGR of 25 percent. Consumers in these markets are experimenting with newer brands like Mitra, a Direct-to-Customer FMCG brand that is one of the first brands with a complete range of products under one roof.
CLICK HERE TO READ MORE.
Varun Beverages is now India's fourth-largest FMCG firm after crossing Britannia's market cap
The second-largest bottling company in the world for PepsiCo's beverages achieved this feat just two weeks after it crossed Rs 1 lakh crore in market capitalisation. As of Friday, Varun Beverages has a market capitalisation of Rs 1.11 lakh crore, which is Rs 25 crore higher than Britania.
CLICK HERE TO READ MORE.
Infilect’s FMCG Leaders’ After Hours sheds light on AI tech and its efficiency quotient
Infilect Inc organized the FMCG Leaders’ After Hours Roundtable in Mumbai, an interactive social mixer on "Harnessing the Power of AI for FMCG Growth," on May 26, 2023. The event, held at the Hotel Sahara Star in Ville Parle, brought together industry experts, executives, and thought leaders from a host of Fast-Moving Consumer Goods (FMCG) brands such as Perfetti Van Melle, Unilever, P&G, Mondelez, Elevantus Food Consultancy, BSH Holdings, and Smoors chocolates, who shared insights on AI and Image recognition-backed visual intelligence for enhanced retail execution, and in-store profitability.
CLICK HERE TO READ MORE.
World No Tobacco Day 2023: What lies ahead for India's largest cigarette maker ITC? Will its dream run continue?
On World No Tobacco Day 2023, let's take a look at ITC, which controls nearly 80 percent of the cigarette market. The stock has had a dream run in the past 1 year, entering the ₹5 lakh crore market capitalisation club.
CLICK HERE TO READ MORE.
How heat waves impact the snacking industry
The surging temperatures across different regions of India pose a severe threat to crop yields, particularly for winter crops such as wheat and mustard.
CLICK HERE TO READ MORE
Patanjali Foods consolidates on the Food and FMCG business in FY 2023
Patanjali Foods Ltd. (PFL) continued robust business and financial performance in FY 2023.The total income in FY2023 stood at Rs. 31,821.45 Crores against Rs. 24,284.38 Crores in FY 2021-22. The PBT margin grew 9.7% in FY2023 to Rs. 1,178.96 Crores against Rs. 1,074.38 crores in FY2022.
CLICK HERE TO READ MORE.
2 minute read
