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Access to Nutrition Initiative unveils 3rd edition of India Nutrition Index
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Monday, 27 November, 2023, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The Access to Nutrition Initiative (ATNI), a global independent non-profit organisation dedicated to catalysing market transformation for enhanced access to nutrition, hosts a multi-stakeholder event to launch its third edition of the India Index, in partnership with Consumer Voice and Confederation of Indian Industry.
The India Index 2023 edition assesses 20 of the largest food and beverage manufacturers in India. 14 of the companies are listed on Indian or international stock exchanges.
Adani Wilmar; Agro Tech Foods; Britannia Industries; Coca-Cola India; Dabur India; Gujarat Co-operative Milk Marketing Federation (GCMMF) Amul; Haldiram's Snacks Private Limited; Hatsun Agro Products; Heritage Foods; Hindustan Unilever; ITC; KMF Nandini (Karnataka Cooperative Milk Producers Federation); Lactalis India; Marico; Mondelez India Foods; Mother Dairy Fruit & Vegetables; Nestlé India; Parle Products; Patanjali Foods; PepsiCo India.
Business in India is booming, particularly in the food sector.
a. Government of India aims to double the contribution of the food processing sector to GDP by 2030.
b. Indian household consumption is set to quadruple by 2030.
c. The sales of packaged F&B in India surged by 15% annually since 2011, outshining total food sales.
Alongside India’s rapid economic growth, the country is also witnessing a transition in dietary patterns and an increased consumption of processed foods. India’s food processing industry is now the sixth largest in the world, expected to reach Rs 40.1 trillion ($480 billion) by 2026.
Health Landscape: Micronutrient deficiencies are highly prevalent, with over 23% of adults overweight and 35.5% of children under five facing stunted growth, while 3.4% of children under 5 years of age grapple with early onset of overweight issues. The numbers are too high when compared to developed nations.
The macroeconomic cost to India of malnutrition is immense.
a. The indirect cost to businesses in India due to obesity-related reduced workforce productivity is projected to be $75.65 billion by 2030 (World Obesity Federation).
b. Reduced workforce productivity due to anemia – just one type of malnutrition – is costing Indian businesses $20.5 billion each year (Chatham House).
Global cost of malnutrition: while the cost of global food consumption is c$9 trillion, the estimated cost to human life of poor diets is $11 trillion.
Greg S Garrett, executive director, ATNI, said, “ATNI works on three levels to transform markets and achieve improved access to healthier products and diets: tools including benchmarks and indexes that assess the private sector on their nutrition commitments and products; policy support and alliances including via ATNI’s Investors in Nutrition and Health; and action research which underpin market change for nutrition. This India index will serve as a powerful catalyst for driving positive change within the food and beverage industry in India. By focusing on private sector contributions to diet, nutrition, and health, the Index sheds light on what is working and what is not among the food industry. It's exciting to see efforts aimed at driving real impact and fostering a more conscious and health-centric approach within the industry.”
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