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7.3%
GDP Growth Rate
(2008 Est.)
GDP Per Capita
US $ 2900 (2008)
(PPP)
Vibrant
Polity
Democracy
US $287.5 Billion
Imports
(2008 Est.)
Major Trends – Indian Economy
Median Age of the Population
• 2nd fastest growing economy after
China. Median Age in 2000 Median Age in 2025
by 2025 600
SPECIALTY/ETHNIC
SPECIALTY/ETHNICFOODS
FOODS
INTERNATIONAL
INTERNATIONALPACKAGED
PACKAGEDFOODS
FOODS
RTE/PREPARED/CONVINIENCE
RTE/PREPARED/CONVINIENCEFOODS
FOODS
HEALTH
HEALTH&&ORGANIC
ORGANICFOOD
FOOD
US Food Exports to India
India Import trend in '000 USD
300000
250000
200000
Values (in '000 $)
150000
100000
50000
0
2005 2006 2007 2008
Years
A growing food processing industry High tariffs, dated food laws, and
looking for imported food ingredients unscientific sanitary and phyto-sanitary
restrictions
Strong Growth
potential
Opportunity for Imported Seafood
Strengths Challenges
• Accelerated growth in the Indian HRI • High tariffs and increasing non-tariff
(Hotels, Restaurants and Institutional) barriers. Currently the import duty on
sector fueled by the increasing all seafood categories is 36.136 per
purchasing power of consumers cent.
• Expanding young population fueling • Complicated and non-science based
growth of fast food chains and quick food laws & difficult custom clearance
service restaurants system.
• Growing popularity of western culture • Poor infrastructure (cold storage,
and foods. roads, etc.) and a long, fragmented
supply chain.
• Upper and middle class Indians are • Increasing competition from local
eating out more frequently, and are players, including multinational food
willing to try non-ethnic cuisines. companies.
• Imported products have a “quality • Competition from countries with
image” among consumers. closer geographical proximity.
Scope for US Seafood
High Potential
Medium Potential
Low Potential
Where to Sell?
• No one point formula for selling in India
Forecast
GDP Per GDP
Urban Middle GDP
Country Population Capita Growth
Population Class Growth
US$ 2008
2009
Malaysia 27.7 mil 17.6 mil 17.0 mil 7,400 4.6% -1% to 1%
(US$ Million)
Source: Gain Report - MY8032
Best Product Prospects
Philippines
Retail Sector Food Service Sector Food Processing Sector
• Tree Fruits • Frozen Potatoes • Wheat
• Pet Foods • Frozen Vegetables • Dairy - Milk & Cheese
• Fresh Produce / Beef / Poultry • Baking Products • Whey
Products • Poultry • Dried Fruit & Nuts
• Tree Nuts • Sauces & Condiments • Beef & Beef Products
• Juices • Fresh Fruit & Vegetables • Processed Egg
• Natural & Health Food • Processed Fruit • Dehydrated Potato
• Seafood • Wine • Baking Ingredients
• Wine • Food Ingredients • Food Processing Ingredients
• Cheese
• Dried Fruits
• Popcorn
Philippines
Top 10 Suppliers for Consumer-Oriented Foods
(US$ Million)
Source: Global Trade Atlas
Best Product Prospects
Singapore
Retail Sector Food Service Sector Food Processing Sector
• Snack Foods • Frozen Potatoes • Juices
• Poultry Meats • Pasta • Juice Concentrates
• Gourmet / Premium Meats / • Frozen Processed Food • Milk / Dairy Products
Deli / Cheeses • Chilled Processed Food • Corn
• Dairy Products • Wine • Soybean
• Fresh Fruit / Fruit Juices • Sauces & Condiments • Dried Fruit & Nuts
• Tree Nuts • Dairy
• Fruit & Vegetables • Bakery Ingredients
• Pet Foods • Gourmet Foods
• Seafood • Live Seafood
• Wine
• Prepared Meals
• Frozen Fish, Meats, Poultry
Singapore
Top 10 Suppliers for Consumer-Oriented Foods
(US$ Million)
Source: Gain Report - SN8009
Best Product Prospects
Thailand
Retail Sector Food Service Sector Food Processing Sector
• Spices & Seasonings • Seafood - Live & Frozen • Dried Fruit & Nuts
• Condiments • Baking Products • Wheat
• Bakery & Baking Products • Canned Foods • Maize
• Beverages • Dairy Products • Dehydrated Potato
• Canned Foods • Fresh Fruits & Vegetables • Soybean
• Dairy Products • Pie Fillings • Food Additives
• Fresh & Frozen Seafood • Beef & Beef Products • Flavourings
• Fresh Fruits & Vegetables • Turkey • Whey, Skim Milk Products
• Frozen Potatoes • Wine • Dried Fruit & Nuts
• Beef & Poultry Meat • Whiskey • Juice Concentrates
• Jam, Jellies & Spreads • Baking Ingredients
• Wine
Thailand
Top 10 Suppliers for Consumer-Oriented Foods
(US$ Million)
Source: Gain Report - TH8213
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