India: Retail Foods
Organized retail consolidated in 2017 with larger players expanding their presence through acquisition of regional players. Modern retail valued at 2 percent of the total food and grocery business remains constrained by low profitability though domestic and international players are building a stronger cash and carry wholesale business which affords higher margins. India’s e-commerce grocery business continues growing and ranks fifth in size across the Asia Pacific region. A growing number of importers are establishing independent retail outlets to showcase their range of products in addition to stocking shelves of other retailers.
