India's consumer goods market experiences a significant shift towards premium and discretionary products.

India's consumer goods market is witnessing a notable shift, with strong demand for premium and discretionary products while daily essentials face short-term sales pressure. Major companies like Unilever and Coca-Cola report that premium brands are growing at double the rate of non-premium items, fueled by rising incomes, urbanization, and an aspirational consumer base. NielsenIQ data highlights a 50% growth in premium-feature products as consumers prioritize convenience and improved lifestyles.

October 27, 2024
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