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.