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  • According to the recent study, Indian food and grocery market is expected to be the third largest market as compared to China, estimated worth around 30 thousand billion.
  • With the rising population of India which is estimated around 1.2 billion has now developed into one of the most attractive emerging markets in the food and grocery industry.
  • The nation’s retail scenario is still largely contributed by unorganized, smaller and traditional outlets (accounts for 80% sales) which is now experiencing growth in imminent modern chains.
  • Out of which the organized retail market comprises of 2,220 billion which has shown rapid increase from one percent to three percent by 2014.
  • Though there is evident change in the retail sector as more number of people has switched their preference to shop from super markets and hypermarkets.
  • This major shift is observed due to high economic growth, increasing incomes, the proliferation of brands, and the improvement in card payment technology have all resulted to this growth.

Hence there lies a vast scope in this sector which is likely to experience considerable growth in near future.

Food Retail Expo 2014 Facebook Blog 30 Oct - 01 Nov 2014, HITEX International Exhibition Centre, Hyderabad, India