FieldFresh Foods Pvt Ltd, which is a joint venture between Bharti Enterprises and Del Monte Pacific Limited, announced its new corporate identity –DelMonte Foods Private Limited. The change in identity is in line with the next phase of the company’s brand journey that will have a sharper focus on the branded processed foods and retail business.
Del Monte is an established brand in the premium foods segment in India, having a sizeable distribution footprint across key urban markets. The company claims to have grown by an encouraging 20 percent in FY21. The brand intends to maintain this growth momentum by introducing bigger, bolder product ideas and tripling its distribution coverage in the next 3-4 years, with a focus on the top 8 metros. This will be supported with increased investments in brand communication in relevant markets and a strong push on digitization across the value chain.
“This is not just a change of name, it reflects a change in our approach, outlook, and philosophy. DelMonte has worked hard to establish itself in the market and our focus will be on creating unique brand experiences at all relevant touchpoints while staying true to our brand promise of providing high-quality products,” Mahesh Kanchan, Chief Executive Officer at DelMonte Foods Private Limited, said.
As per the KPMG report titled ‘Indian food processing industry: Growth opportunities post the Covid-19 pandemic’, India’s food processing market is set to grow from $263 billion to $470 billion. Customers’ aspiration for premium food products is also set to increase as Tier-II and Tier-III cities could mirror the trend visible in metropolitan areas of buying more processed food in the coming years.
To serve this segment, the brand name that resonates with DelMonte’s consumers, as well as partners, has been brought to the forefront.
Del Monte was brought to India by Field Fresh Foods Pvt Ltd. - a joint venture between Bharti Enterprises and Del Monte Pacific Ltd. FieldFresh Foods Pvt Ltd is now DelMonte Foods Private Limited.