In the recent years, changes in consumer’s patterns of living and rising consumer affluence has resulted in the emergence of the healthy food market. The health food market stood at 9,000 cr in 2010, and is expected to grow at a CAGR of 20% to 22,500 cr by 2015 (Technopark, 2012). A number of factors have contributed to the growth in consumption of H&W products in India, primary among them being rising household incomes; increasing consumption of packaged food which is growing at 15-20% annually and is expected to touch $30 bn by 2015 (PTI, 2013) and the growing health concerns due to increasing number of lifestyle disorders like obesity, heart problems, diabetes, etc. Urban consumers are displaying an increased preference for low-fat, low cholesterol and low sugar food intake.
“India has more working women than does any other country in the world. Of the entire workforce of 400 million, 30-35% are female, and of these women, only 20% work in urban India” (Nasscom and Mercer, 2009). The paper focuses on the majority of women who are not employed but are still as empowered as their working counterparts in terms of spending and purchasing power. They are the major influencers in all the big ticket purchase decisions and are responsible for the purchase of daily necessities. Marketers of healthy food cannot overlook this segment if they want to garner a greater share of the market and sustain long-term.
|