India is projected to become the worlds 3rd largest economy by 2025. The Indian middle class is estimated to be 250 million increasing to 550 million by 2025. The food and grocery market is the 6th largest in the world valued at US$435 billion. There has never been a better time to consider exporting to India.
There is demand for a range of goods and services from Australia in India including foods and beverages, education, agricultural services and healthcare.
Australia is a reputation in India as a producer of high quality ‘clean and green’ premium foods and beverages. There are markets in India for the following foods and beverages:
• Fresh produce: fruits, vegetables, nuts
• Meat: lamb, chicken, port, goat, seafood
• Beverages: juices, waters, wine, beer
• Processed Foods; Jams, Cheese, Honey, Pasta, Bakery goods, packaged meats and vegetables and meals, breakfast cereals, health foods, baby foods, sauces, condiments, oils, margarine, dairy.
The imported food industry is shifting from trading to professional brand management, distribution and marketing, importers are increasingly looking to represent foreign exporters in India. Key importers are located in cities such are concentrated in New Delhi and Mumbai.
There are a number of new regulatory requirements for food and beverage importers which need to be addressed prior to commencing export however once these are addressed the opportunities are immense.
| Food and Beverage Export Groups US$ 2015 |
Total Imports Imports from Australia
Meat, Fish Seafood 252,785,414 . . 215,236
Fresh Fruits and Nuts 1,178,664,1 2,141,341
Vegetables 1,021,357,761 6,416,629
Dairy, Honey Eggs 262,169,766 2,986,555
Cereals 4,226,836,566 41,021,975
Malt, Starches, Wheat Gluten 158,560,335 7,496,293
Sugar and Confectionary 861,066,205 3,289,486
Cereal, Flour, Starch, Milk, Pastry
Cook preparations and products 307,372,070 2,112,134
Vegetable, Fruit and Nut Products 549,962,666 11,926,894
Wine and Spirits 23,878,772 164,094
Beer 25,111,927 100,085
Waters sweetened and unsweetened 11,371,985 430,505
Fruit and Vegetable Juice 82,098,582 232,459
India is an untapped market with boundless opportunities for Australian exporters.
(Source: UNComtrade Statistics 2016)
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