India: Retail Foods

India’s food retail sector will continue its upward trajectory following a decade of market evolution and sustained growth. The increased purchasing power of Indian households, growing awareness and access to gourmet products, and consumer awareness toward international cuisines and food products have acted as primary growth catalysts in the sector. While traditional brick-and-mortar retailers continue to lead sales, the growing e-commerce sector has distinguished itself by offering high-quality imported products at a good value, with the convenience of quick delivery. Import demand for U.S. tree nuts, fruits, and processed products feeds easily into India’s diversified retail channels. Yet, competition from countries with freight advantages, stringent food regulations, and the Indian government’s “Self-Reliant India” initiative limit market access.