Apis India, a Delhi-based consumer foods company, expects to grow with a CAGR of around 15 per cent over the next five years, said its Managing Director Amit Anand.
The company, which operates in the segments of honey, dates etc is witnessing a rise in consumption of wellness products, helped by tailwinds such as growing disposable income, a rising economy and focus on health alternatives.
“We are growing steadily. We are growing our marketing and distribution. In segments such as honey, our growth is almost 18 per cent from last year,” said Annad.
Now millennials are really going for healthy alternatives, bracing for products which is replacing sugar.
“Honey comes in wellness and dates also for that reason,” he said.
Besides, Apis India has plans to open a new plant for producing Jam at Roorkee at Uttarakhand and a CFA (Carrying and Forwarding Agent) depot.
