India Retail Foods 2024
India’s retail food sector is experiencing significant growth, driven by increased household purchasing power, rising awareness of gourmet products, and a growing economy. Modern retail stores and the online and quick commerce segments are growing rapidly. An increasing demand for healthy, high quality, and multifunctional foods reflects a broader shift towards wellness and value conscious buying. While the United States maintained its position as the top supplier of consumer-oriented agricultural products to India in 2023, competition, India’s stringent food regulations, and high tariffs may hinder significant growth for U.S. food products.