INDUSTRY NEWS

Cremica Food Industries is all set to start Food Park in Una

Published Date | 2019 February 4

FMCG firm Cremica Food Industries inaugurated its new manufacturing facility with an investment of Rs 100 crore; will drive the Fresh Food and Vegetable market globally.   
India: FMCG firm Cremica Food Industries would start a food park in Una district of Himachal Pradesh next month with an investment of INR 100 Crore. The food park will be developed with one of the finest food processing infrastructure facilities. The Park is spread across 55 acres of geographical area. “The core facility will be a fruit and vegetable processing line with a capacity of up to 40 tonnes per hour”, said- Akshay Bector, Cremica Food Industries Ltd Chairman and Managing Director. The food park will provide world-class infrastructure and advanced technology to the enterprises engaged with the food processing industry. It is scheduled to have the abundant water supply, large refrigeration area, reliable power supply, and warehouses, with other facilities. The company currently holds a top position in the mayonnaise and ketchup market. Cremica Food Industries has been growing at a consolidated rate of 20 percent. Fresh Food and Vegetable MarketAccording to Rani Barman, analyst at Blueweave Consulting, The fresh fruits & vegetables market is expected to experience favorable growth driven by factors such as rising middle class population, upsurge in disposable income, rapid urbanization, changing consumer lifestyles and rise in veganism. The major trends observed in this market comprise increased share of fresh segment, rise of branding, technological advancements and initiation of online grocery shopping. The rise in consumer awareness results in daily consumption of fruits and vegetables which aids in preventing key diseases like cardiovascular ailments and certain cancers. In addition, time-scarcity, combined with a desire to be healthier among most of the working people is creating a demand for convenient on-the-go snacks filled with fruit and vegetables ingredients. Hence, most of the food manufacturers are developing convenient food products that are filled with fruit and vegetables ingredients will also drive the fruit and vegetable market with a significant growth rate for the forecast period. According to the upcoming report by BlueWeave Consulting on “Global Fruit and Vegetable Ingredients Market, By Category (Fruit, Vegetable), By Application (Beverages, Ready to Eat, Soups and Sauces, Dairy Products), By Product Type (Concentrates, Dried, Frozen), Size and Forecast, 2014-2025,”-  Globally the fruit and vegetable market is growing rapidly due to increasing health awareness among the population, apparent benefits of secondary diseases due to obesity and faulty eating habits is propelling the market to grow further. High trending of exotic fruits products along with the preference of people towards vegan diet is helping the market to grow. Company creativities and products online availability is adding to the market volume and revenue. According to the upcoming report by BlueWeave Consulting on “ India Fruit and Vegetable Ingredients Market, By Category (Fruit, Vegetable), By Application (Beverages, Ready to Eat, Soups and Sauces, Dairy Products), By Product Type (Concentrates, Dried, Frozen), By Region (North, South, East, West), Size and Forecast, 2014-2025,”- Fruit and vegetable ingredients market are projected to be superior and are expected to grow in the forecast period due to the prevention of many diseases. The growing awareness of health and wellness among consumers, with boost in income levels of people, has strengthened the sales of vegetables and fruit ingredients such as colorants, flavor enhancers etc. This is leading to a rapid growth in the snacking trend and driving the market for nutrition bars, fruit snacks, R.T.E. cereals, and associated markets, which are spiced with fruit & vegetable ingredients.