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Big Take

The Junk Food Industry Finds Its Next Sweet Spot: India

Nov 7, 2023
20:02
Snipd AI
Bloomberg journalists cover the packaged food industry in India, discussing the rise of fast food and snacks, the challenges of spreading awareness about their negative effects, the presence and accessibility of popular junk food brands, the health impacts and concerns, difficulties with food labeling, the need for government regulation, and proposed health initiatives.
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Quick takeaways

  • The packaged food and beverage industry has found success in India by offering westernized foods, priced competitively with a price advantage.
  • The rise of processed food consumption in India has led to concerns about health and nutrition, particularly among children, and stricter regulations are being urged to address the issue.

Deep dives

The Rise of Fast Food in India

Over the past decade, fast food and snack sales have stagnated in North America and Europe due to increased awareness of health benefits and the popularity of appetite suppressing drugs. However, India's snack and soft drink sales have nearly tripled in the last decade to over $30 billion. Companies targeting the Indian market have found success by offering westernized foods, priced competitively with a price advantage. These processed foods, like breakfast cereals and confectionery items, are popular across demographics, including rural areas. The novelty of these foods and lack of public health awareness about their dangers contribute to their appeal.

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