Global Non-profit ATNI Launches India Index 2023

• 25 Nov 2023

Recently, Access to Nutrition Initiative (ATNI), a prominent non-profit organization, collaborated with Consumer Voice and Confederation of Indian Industry to unveil the India Index 2023, evaluating 20 major food and beverage manufacturers in India.

Key Points

• Comprehensive Evaluation: The India Index 2023 assesses 20 prominent food and beverage manufacturers, including 14 listed on Indian or international stock exchanges, aiming to catalyze market transformation for improved nutrition access.
• Business Boom in India: The food sector in India is experiencing significant growth, with the government targeting a doubling of the food processing sector's contribution to GDP by 2030. Indian household consumption is expected to quadruple by 2030.
• Rapid Economic Growth and Dietary Transition: India's food processing industry, now the sixth-largest globally, is projected to reach INR 40.1 trillion (USD 480 billion) by 2026.
• The nation's economic growth is accompanied by a shift in dietary patterns and increased consumption of processed foods.
• Health Landscape: Micronutrient deficiencies are prevalent in India, with over 23% of adults overweight and 35.5% of children under five experiencing stunted growth.
• Additionally, 3.4% of children under 5 face early-onset overweight issues, highlighting health challenges compared to developed nations.
• Government's Vision: The Government of India aims to boost the food processing sector, responding to the surge in packaged F&B sales, which have grown by 15% annually since 2011, surpassing total food sales.
• Global Initiative for Market Transformation: ATNI's global initiative focuses on catalyzing market transformation to address nutritional challenges, aligning with India's evolving economic landscape and dietary shifts.
• The India Index serves as a benchmark for the nutritional performance of leading F&B manufacturers.