We are thrilled to announce our participation in the upcoming Food Ingredients (FI) India event, which will be held in Bangalore from September 25th to 27th, 2024. We warmly invite all professionals in the food industry to visit us at booth B40, where we will be partnering with Escoffier to showcase our latest innovations.
India’s market is undergoing significant changes, making FI India an ideal event to stay ahead of the trends and discover the most innovative ingredients for your product developments. In this article, our experts will provide valuable market insights and give you a sneak peek at the cutting-edge solutions we will be presenting at the tradeshow.
Understanding the Indian market trends
India’s food market is experiencing dynamic changes driven by various factors:
1. Increasing disposable incomes
With rising average incomes, Indian consumers are no longer restricted to purchasing only essential products. This economic uplift is driving a growing interest in snacks and premium food items, providing a lucrative opportunity for brands to introduce diverse and innovative products. Currently, India is the 3rd largest market for snacks in Asia.¹
2. Changing consumer preferences
The modern Indian consumer is becoming more health-conscious, seeking products that offer health benefits without compromising on taste. Key trends include:
- Health focus: There is a heightened demand for products with reduced salt, sugar, and fat. Consumers are looking for healthier alternatives that don’t sacrifice flavor.
- Natural and free-from products: The demand for vegan, gluten-free, allergen-free, and nutrient-dense ingredients is on the rise. Consumers prefer products with no artificial additives, aligning with their desire for clean and transparent labels.
- Weight loss diets: As more consumers embark on weight loss journeys, there is an increased demand for low-calorie, nutritious snack options.
3. Food manufacturers looking for technological innovations
Meanwhile, food manufacturers are looking for innovative food solutions. There is a significant focus on value proposition, with an emphasis on creating unique and differentiated products that stand out in the market. However, they still face challenges such as sourcing the right ingredients and managing product costs. Addressing these challenges effectively is key to maintaining a competitive edge.
4. Regional delicacies and ethnic flavours
Traditional Indian snacks continue to hold a significant market share. Additionally, there is a growing interest in international flavors, with Thai, Korean, and Mexican cuisines gaining popularity among Indian consumers. That is the reason why our experts based in Mumbai, Yogesh Nigudkar & Sushil Mundhe, recently developed Indian-flavored snacks concepts. You can discover it here:
Our solutions for the Indian market
At FI India, we will showcase a range of innovative products designed to meet the evolving needs of the Indian market:
1. Springer® Umami range for salt & sodium reduction
Our Springer® Umami range offers a perfect solution for reducing salt and sodium content without compromising on taste. This range enhances the overall flavor profile, making it an ideal choice for health-conscious consumers. Meanwhile, our ingredients are clean label. In other words, we provide vegan, natural, gluten-free, and allergen-free solutions that enhance taste from all angles. Our products cater to the growing demand for clean and free-from ingredients, ensuring that consumers can enjoy delicious food without any health concerns.
2. In dough solutions in traditional snacks
Our ingredients are specifically formulated for use in traditional Indian snacks, ensuring that these beloved treats can be enjoyed with enhanced taste and improved nutritional profiles.
3. Cost reduction solutions
We understand the importance of cost management in the food industry. Our solutions are designed to help manufacturers reduce costs without compromising on quality, allowing them to offer competitively priced products.
Customers feedback from previous FI India events
Our previous participation at FI India has garnered positive feedback from customers and prospects, highlighting the effectiveness of our products in meeting market needs:
1. 360 degree taste enhancement
Our Springer® Reveal, Springer® Umami, and Springer® Signature yeast extracts have been highly appreciated for their comprehensive taste enhancement capabilities.
“Traditionally, yeast extract was primarily known for boosting the umami profile. However, our wide range of yeast extracts goes beyond umami, enhancing base notes such as spiciness, creaminess, dairy profiles, and signature notes like cheese, chicken, dark fermented soy, and dark roasted meaty profiles” explains Yogesh Nigudkar, our Sales Manager for Indian subcontinent.
2. Yeast extract demo kits
Our demo kits featuring yeast extracts have been particularly well-received by the Indian savory industry. These kits showcase the practical applications of our products, making them highly relevant and valuable for industry professionals. It helped them taste the impact of yeast extracts in concrete applications.
Additionally, our vegan concepts have also been met with enthusiasm, reflecting the growing interest in plant-based and vegan products among Indian consumers.
Visit Us at Booth B40!
We invite all professionals in the food industry to visit us at booth B40 during FI India. Join us to explore our innovative solutions and discover how we can help you meet the evolving needs of the Indian market. Our team of experts will be available to discuss your specific requirements and demonstrate how our products can add value to your offerings.
Don’t miss this opportunity to stay ahead of the curve and gain a competitive edge in the dynamic Indian food market. See you at FI India!
