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Importance Of Food Industry

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Scope and importance of food and beverages marketing :
The food and beverage industry in India is going through huge growth. Its contribution is increasing every year to world food trade. Within the food processing industry, the food sector of India has emerged as a high-growth and high-profit sector due to its immense potential for value addition.

The Indian food industry is expected to a compounded annual growth rate of 11% which means market value will increase from US$ 39.71 billion to US$ 65.4 billion by 2018. Right now Food and grocery market is increased by 31 per cent of India’s consumption basket.

According to the Government of India, recently India acquires 32 per cent of the country’s total food market. Government is also …show more content…

Organic food industry of India is also met a huge growth and it is expected to increase by three times by 2020.

In India the online food ordering business is witnessing exponential growth but it's in its nascent stage. The total food business in India is worth US$ 48 billion, of which food delivery is valued at US$ 15 billion. The online food delivery companies are FoodPanda, Zomato, TinyOwl and Swiggy.
This companies are building large scale industry through partnerships, the organised food business has a huge potential and a promising future. The industry of online food delivery has achieved 150 per cent year-on-year growth with an estimated Gross Merchandise Value of US$ 300 million in 2016.
Different types of food and beverages :
Types of food : The packaged food industry includes dairy products, baked goods, convenience food, cookies, and confectionaries. One of the most popular baked goods in India is cookies and other biscuits. Parle is a leader in biscuits category in India.
Parle-G is a common brand and most popular brand in India. Another popular brand is Britannia Industries Ltd which is a Indian based industry. Biskfarm is also a rising company in bakery …show more content…

He is a financial whizz behind the financial management and purchasing or selling of any kind of food and beverage stock, maybe it is snacks, heavy foods, sweets, ice cream, tea, coffee or cold drinks.
A manager will know the need of his customer and he will guide his team as necessary. It means when a customer sit down at a restaurant or any place and order a crab curry and grilled sandwich, the F&B Manager is the guy who ordered the bread, butter, cheese, crab, salt and pepper and other spices that make up his customer's ordered dishes.
Role of a Food & Beverage Manager :
Duty of a Food & Beverage Manager is to forecast, plan and control the ordering of food and beverages maybe hot or cold for a hospitality property. The property could be a restaurant or online food delivery companies.
The manager is responsible to manage the finances related to the whole process of purchasing food and drink for the hotel premises or selling. Sourcing, ordering and transporting of Food and beverages are included in the definition of 'purchasing'.
Food & Beverage Manager's

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