Food Business News’ Post

Using advanced data to shape its projections, Circana reported that modest volume growth in the sector is expected in the coming year following three straight years of volume declines. That growth is set to be fueled by easing inflation and greater industry investment in promotions. The success of specific categories will also play a role in lifting overall performance, according to Circana. #groceryretail #retailsales

The Chinese food industry's sales totalled USD328.7 billion in 2023, a whopping 40 percent of the Asia Pacific region's total. In order to grow their success, Chinese players must focus on driving value sales on home turf and seek out new regional opportunities, possibly even beyond the retail channel or packaged food industries. FULL ARTICLE: https://lnkd.in/gB-bxqiS #retailinasia #retailnews #expansioninasia #FandB #foodsales #industrytalk Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

[CJ CheilJedang's instant rice sets sales record on overseas demand] South Korean food giant CJ CheilJedang's cooked rice product line, Hetbahn, achieved record-breaking annual sales of 850.3 billion won ($639 million) in 2023, significantly contributing to the growth in global sales, the firm announced Monday. Based on the firm's report, Hetbahn’s overseas sales last year surged by 21 percent and domestic sales grew by 1.4 percent compared to 2022. In the fourth quarter of 2023 alone, total sales increased by 9 percent on-year. Last year, Hetbahn products were exported to over 40 countries, including the US, Mexico, Australia and China. In the US alone, its flagship offering, Cooked White Rice, witnessed a 25 percent increase in sales compared to the previous year, largely driven by sales through retail giants like Costco Wholesale, the company analyzed. CJ CheilJedang attributed the growth in global sales to the competitiveness of its instant rice brand compared to other global rivals, appealing to foreign consumers with its own quality taste. Tap below to read full story. #rice #cookedrice #mealprep #whiterice #Hetbahn #instantrice #CJ #CJCheilJedang https://lnkd.in/gg8PiEBc

🥂 The Indian alco-beverage industry is on a HIGH, fueled by unprecedented innovation! 🌟 Here's why: 💡 Rising Innovation: Over the past five years, we are witnessing the surge in creativity within the industry, propelling us forward with fresh flavors and enticing offerings. 💰 Booming Market: India stands among the FIFTH largest and the fastest-growing markets globally, with a staggering $52.5 billion market size in 2021. 💼 With strong demand and premiumization driving growth, India's organized liquor industry is poised for a remarkable journey. According to Crisil, the industry is expected to grow by 12-13% in FY2024 to approximately ₹4.45 lakh crore, following last fiscal's impressive 15-16% growth. 🍻 Segment Insights: The liquor industry, comprising both distillers and brewers, showcases a fascinating landscape. Distillers dominate with their production of IMFL, accounting for ~65-70% of industry revenues, while brewers contribute with beer, comprising ~25-30% of revenues. 👩👧👦 Changing Preferences: As a society, we're evolving, embracing both social acceptance and health consciousness. Thus, the consumer choices align with lighter options, like low-ABV and low-calorie drinks. 🌟 Flavorful Future: Cheers to our homegrown heroes! pioneering with a spectrum of tantalizing options, from meads to seltzers, perfectly attuned to our evolving tastes. They're not just disrupting the market; they're adding colors to its tapestry, offering us a rich array of choices and experiences. 🤝 Increased M&A action going forward as large IMFL players are actively looking to diversify their portfolios with new-age offerings through inorganic acquisitions #industryinsights #alcobev

Analysis reveals average gross margin rates in retail food sector in Serbia https://lnkd.in/dPWFpJsM

Pansari Group, a fast-moving consumer goods (FMCG) firm, has reported a 20% surge in value and a 39% increase in volume in FY24. At present, the company’s value-added products make up 12-15% of total sales and are projected to grow by 20% over the next two years. Additionally, Pansari Group anticipates a change in regional contributions, with the North predicted to represent 60% of the business, while the West and South regions are expected to contribute 40% collectively in the upcoming fiscal year. Shammi Agarwal, the Director of Pansari Group, said, “Despite facing challenges in international markets due to government regulations impacting wheat flour and rice duties, we stayed committed to diversification. We seized opportunities in the B2B segment, launching HoReCa International for our esteemed customers, and expanded into private-label offerings beyond commodities.” Read full story here: https://lnkd.in/g_z44xS4 #fmcg #growth #expansion #b2b #foodindustry Ashu Agrawal

🌿 Attention Tea Manufacturers & Exporters! 🍵 Are you looking to take your tea business to the next level? We have just the solution for you! Our cutting-edge analytical dashboard is designed to help tea manufacturing companies make smarter, data-driven decisions. Why choose our analytical dashboard? 📊 Easy to Use: No technical skills required. Get insights at a glance. 📈 Boost Sales: Identify top-selling products and understand market trends. 🏭 Optimize Production: Streamline operations and reduce waste. 📦 Manage Inventory: Keep track of stock levels and avoid shortages. 🤝 Improve Customer Satisfaction: Understand customer preferences and tailor your offerings. Don't miss out on the opportunity to revolutionize your business with the power of data. Here are some of the amazing companies that could benefit: The United Nilgiri Tea Estates Company Limited THE PERIA KARAMALAI TEA AND PRODUCE COMPANY LIMITED WOODBRIAR ESTATE LIMITED CRYSTAL TEA (INDIA) PRIVATE LIMITED Stanes Amalgamated Estates Limited - India Yethai tea Sweetea Food and Beverages KRS TEA COMPANY Ready to get started? Contact us today to learn more about how our analytical dashboard can transform your tea manufacturing process! #TeaIndustry #DataAnalytics #TeaManufacturers #BusinessGrowth #SmartDecisions

Discover what makes Globus Spirits a true standout in India's thriving liquor industry! From quality and innovation to sustainability, this brand is raising the bar. Read more about their incredible journey and impact in my latest blog. https://lnkd.in/dQdbVhTF #GlobusSpirits #AlcoholIndustry #Sustainability #Innovation #IndianBrands #stockmarketsindia #stockinvesting #stockmarketअभ्यास #stockmarketupdate #StockMarketindia

The beverage alcohol industry will face a number of challenges this year as the shadows of economic instability continue to loom in early 2024. There are, however, brighter prospects in many Asian markets, and the US remains vital to future value generation. Meanwhile, previously buoyant segments such as premium agave spirits, ecommerce and RTDs will continue to evolve and mature.   Explore these trends further in IWSR’s latest ebook: ·     Asia drives growth as regions diverge ·     Premiumisation under pressure ·     Wine’s structural decline persists ·     Premium Agave: entering a new era? ·     Beer boosted by Asia, emerging markets ·     Ecommerce enters normalisation phase ·     New recruits spearhead growth of the no-alcohol market ·     RTDs: polarisation of demand Read the ebook here: https://lnkd.in/efcQi7w3 #asiapacific #bevalc #consumerinsights #USA #tequila #beerindustry #RTD #Spiritsindustry #innovation #premiumisation #wineindustry #ecommerce #noalcohol 

which brand is the market leader in the Indian packaged sweets industry.🤔🤔 The post will provide insights to help you understand which brand is the market leader in the Indian packaged sweets industry!!!! Follow Vinita Suthar for more financial insights 💸 #marketshare #sweetsindustry