India to become a $30 Bn market by 2026 in health-focused foods & beverages
A report by Avendus Capital, which is the investment banking division of Avendus Group, indicates that Indian households are poised to triple their expenditure on health-oriented foods and beverages over the next five years as consumers progressively shift towards healthier selections and purchase meals that contain superior ingredients. The financial advisory company has forecasted a twofold rise in per capita expenditure on healthy foods by 2026. Per the report, this segment is expected to attain a market value of US$ 30 billion in the upcoming five years. India stands as the most rapidly expanding health food market, showcasing a 20% CAGR. Health-oriented foods and beverages comprised 11% of India's US$ 88 billion packaged food and beverage industry in CY20. By CY26, this share is anticipated to grow to 16%, equating to US$ 30 billion. In addition, the quantity of health-conscious consumers is proj...
