B2B Powers Future Growth
Cargill's expansion heavily relies on its B2B operations, which are a key growth engine for India and the wider Asia-Pacific region. Dheeraj Talreja, VP & MD of Cargill Food South Asia, noted that future growth is expected to come more strongly from this segment.
Innovation Center Fuels New Products
Cargill actively uses its Innovation Centre in India to develop and co-create customized solutions with food manufacturers. This strategy meets Indian consumers' growing preference for healthier and premium food options. The company is introducing global food innovations to India, focusing on areas like protein fortification, reduced oil content, premium chocolate, and product reformulations.
Consumer Brands Show Strong Growth
On the consumer side, brands like Gemini and Leonardo Olive oil are reportedly growing faster than the market. Cargill's other oils, including mustard, rice bran, and coconut oil, are also showing good growth. The chocolate and confectionery segment, especially for bakeries, is a key focus. This taps into India's relatively low per capita chocolate consumption, presenting a significant opportunity.