Snapshots of Food Industry News
Manpasand Beverages Sets up facility in Ambala
Manpasand Beverages Limited has completed its new plant in Ambala, Haryana. The new plant is expected to provide an additional 45 to 50 thousand cases of fruit beverages to the already existing 125 thousand cases. In 2015 Manpasand had raised Rs.400 crores through an IPO out of which they have invested Rs.160 crores in the Ambala plant. The company has stated that there is continuous demand for their beverages like Mango Sip and their Fruits Up brand and so they are looking to increase their capacity.
The Ambala facility is likely to produce the entire range of Fruits Up beverages including carbonated and non-carbonated juices and of course their signature Mango Sip. The plant will help them easily reach markets in north and north-eastern India. With the Ambala plant close to operational capability Manpasand now have in total five plants, two of which are in Vadodara, one each in Varanasi, Dehradun and Ambala. The company is planning an additional two plants in south India. The company has a unique tie-up with ice-cream maker Baskin Robbins for marketing their beverages in the ice-cream outlets. They also have retail tie –ups with Metro Cash& Carry, Aditya Birla Retail, Hanover Ice-cream and Café Coffee Day.
Maggi is once again leader in the instant noodles market
Nestlé’s instant noodles Maggi are back in the top slot with a market share of 57 percent. After last year’s ban and subsequent re-launch Maggi was able to garner only a dismal 10 percent of the market share. In December 2015 things began to look up and now since June they have been on the upsurge and are back in the driver’s seat.
The lead has come in the back of initiatives and introduction of new Maggi variants. Nine months back Maggi was down and out and to day they look good once again. In June things began to look good when they managed to get 51 percent of the market share. Nestles new noodle variants, like Maggi Cuppa Noodles and Maggi Hotheads and new ‘No Onion No Garlic noodles are some products that have helped turn things around. Nestlé’s Maggi has again propelled them to the number one slot in instant noodles market in India.
North East Tea Conclave & Expo 2016 to be held in Guwahati
The Confederation of Indian Industry (CII) in association with the Tea Board of India and the Directorate of Tea, Government of Assam will organize the North East Tea Conclave & Expo 2016 (NETCE 2016) on August 26 in Guwahati. The NETCE is likely to turn its focus on specialty tea like green tea, white tea, handmade tea, organic tea etc. The forum will bring together manufacturers, tea growers, and traders from Assam, Arunachal Pradesh, Tripura, Nagaland, Sikkim, Manipur, Mizoram and Meghalaya.
On the agenda will be the identification of best global models and practices, ways of strengthening market linkages and preparing strategies for a robust and productive tea industry in the North East. They will also look for ways to improve quality, packaging and price. The conclave hopes to be able to facilitate forging stronger collaborations between buying leaf factories and small tea growers. A large number of tea packeteers and buyers from Western, Northern and Eastern India are likely to participate.
Globally Baby Food Market poised to grow to USD 76.48 billion by 2021
According to Zion Market Research, a leading research firm, the global Baby Food market is poised to surge from USD 53.31 billion in 2015 to USD 76.48 billion by 2021 with a CARG of around 6.2 percent. The growth is likely to include products like bottled baby food, baby food cereals, baby food snacks, baby food soup and frozen baby food. Indian baby food market was dominated by Nestlé and Heinz in 2015. In Asia, India has the largest population of 0-4 year old kids. However, Indian baby food market is smaller as compared to that of China and Indonesia. The baby food market is classified by segments and basic manufacturing forms are liquid concentrate, powder, and ready-to-feed. Sub-categories of baby foods include dried baby food, milk formula, prepared baby food and other baby food such as baby snacks and beverages.
Cow milk-based formulas are gaining ground in developing economies because of increasing population, rising disposable income level of individual and growing urbanization. Manufacturers have been targeting emerging and populous economies such as China, India and Vietnam, because of the low growth opportunities in Europe and the North America due to static market conditions and low birth rates. Asia Pacific is expected to be largest potential market due to the growing urbanization in this region. In terms of consumption China dominated the Asia Pacific region in 2015.
Food Service India launches spices that are designed for chefs
Food Service India Pvt Ltd, which is a part of VKL Food Solution Enterprise, has launched two brands of spices – Spicefield and Chef’s Art – for hotel, restaurant and catering company (HoReCa) chefs in India. The spices have been designed to help chefs cater to different tastes profiles of their customers. The company has stated that they ensure good manufacturing practices (GMP) and the spices can be traced right from farm to fork. Each of their products pass through 40-plus stringent quality checks using technology that retains the high volatile oil and aroma of the spices.
The spices are being launched in 101 packs to ensure a complete range of blended, ground and whole spices that are sourced carefully from selected regions. The blended spices are made from traditional recipes and processed to perfection for an authentic taste. The two brands are 100 per cent natural and sterilised for safety. Spicefield is available in 100g and 500g packs while the pack sizes for Chef’s Art are planned as per the requirements of chefs.