Globalization Food Industry

The food industry is growing as Indians continue to have a feast and also because every member of the family is earning. As it has been fuelled by what can be termed as a perfect ingredient for any industry, i.e. the large disposable incomes, the food sector has been witnessing a marked change in consumption patterns of food.

Increasing incomes are always accompanied by a change in the food basket. As been witnessed, the proportionate expenditure on cereals, pulses, edible oil, sugar, salt and spices declines as households climb the expenditure classes in urban India. The opposite happens in the case of milk and milk products, meat, egg and fish, fruits and beverages. For instance, the proportionate expenditure on staples (cereals, grams,

The market gets influenced on the food preferences which could be substantially high, though it works mostly through employment, incomes, and prices. Globalization brings the domestic economy closer to the international economy in many ways but is a consequence of liberalization 44%and decontrol. The rationale behind adapting and accepting liberalization and globalization was to bring in competition and efficiency into the economy. It was the part of structural reforms in the country. There was a need in change in the existing structure for bringing the overall efficiency in the long run. It may lead to employment and increase in incomes and over all prosperity for everyone. The expected impact remains on dietary pattern which accompanies higher incomes. The consumption pattern of the diet has been shifted away from cereals and towards more expensive protective foods. The second expected impact on the diet is the shift towards more processed foods. Thirdly, the market is influenced of popular junk foods promoted through advertising by transnational companies. Though, the changes in the dietary pattern would influence the nutritional status of the population. Some would improve the effects such as less cereal and other protective foods. The shift towards junk foods may lead to obesity and other ailments such as heart diseases in certain sections of population but because of the demand from the younger generation it has become the necessity. The other adverse impact could be the poor displaced by the structural reforms. They experience lower affordability and reduce their calorie intake. The impact may differ from one country to another and from one community to another. Also one section of population to the others depending upon the losers and winners in the process of change of food