Processed Food: Man's economic condition is improving over the years. Income is increasing. Due to this, the lifestyle is also changing. Both husband and wife are working. In this order, many families say Tata to the kitchen. A recent survey has shown that hotels are falling behind. The survey revealed that the reason for this is the laziness to cook at home and the desire to eat variety of food. It has been said that processed food is being dragged away. As a result, hotels and restaurants are popping up street by street, food delivery apps and apps that bring groceries within minutes are expected to increase.
MOACPI, ICIC Securities Survey..
In another study conducted by the Ministry of Statistics and Program Implementation (MOACPI) and ICICI Securities, sensational things have also been revealed. Looking at the statistics in those reports..
= Compared to ten years ago, in the financial year 2022-23, high income groups in urban areas are spending 50 percent of their food budget on packaged food, dining out and food delivery. Earlier it was 41.2 percent. It has been revealed that middle class families spend on processed food and beverages in their food budget has decreased from 16 percent to 25 percent in ten years.
Those with higher income are more..
ICICI Securities report states that the expenditure on 'staple food' (raw food items) is decreasing in relation to high-income families.
= Per capita food delivery expenditure for high income households in 2022-23 is Rs.971 per month. The per capita cost of food delivery for the same middle class and low income families is Rs.60.
= Cooking at home has decreased significantly compared to last ten years. Eating in hotels and restaurants has increased. If that is not possible, delivery through the app has increased. The report predicts that it will increase further in the coming days.
= High-income customers consuming processed food in urban areas have doubled compared to last ten years. The same middle class customers have tripled. The wealthy have increased their consumption of low-sugar foods, organic foods, and beverages. Other communities are also attracted towards them.
= Household consumption of dry fruits is 1.3 percent in urban areas and 1.2 percent in rural areas.
Although the income of urban families has increased, the expenditure on processed food and beverages has decreased.
