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India at cusp of 'snacking renaissance'; L Catterton bets on healthy snacking, branded foods
Expressing enthusiasm for India's rising consumption trends, L Catterton zeroes in on the healthy snacking and branded foods market. Having launched its first fund dedicated to India, the firm has made three key investments lately. Executive Chairman Sanjiv Mehta emphasizes the importance of transitioning from unbranded to branded products, predicting a resurgence in Indian snacking habits while calling for heightened investments in food innovation to cultivate globally recognized brands.
Food Processing Minister Chirag Paswan asks food cos to focus on making quality products
Union Minister Chirag Paswan underscored the potential within India's food processing industry, encouraging businesses to focus on quality to compete in international markets. He raised alarms about the increasing obesity rates among young people, advocating for healthier snack options.
Red Bull, Campa, Monster and other beverage cos get notices over 'energy drink' claims
India's food regulator, FSSAI, has cracked down on major beverage brands like Red Bull and Monster, issuing notices for using the 'energy drink' label and making health-related claims. The authority states that no such category is recognized under current food safety laws. Companies are warned against promotional statements about boosting energy or focus, as these functional claims are not permitted for food products, aiming to prevent misleading branding.