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Tag: grows

  • Did You Know That India Also Grows Avocados? Heres Why This Superfruit Is On The Rise

    Did You Know That India Also Grows Avocados? Heres Why This Superfruit Is On The Rise

    India, often known for its rich diversity of spices and curries, is now home to something unexpected: avocados. This creamy, nutrient-packed fruit, long associated with health-conscious foodies in the West, has found a place in Indian kitchens and hearts alike. Whether smashed on toast, blended into smoothies, or added to curries, the humble avocado is slowly becoming a staple in the modern Indian diet. 

    For years, avocados were considered a luxury item, seen mostly in niche grocery stores or speciality restaurants. However, the rising popularity of Western diets, along with increasing awareness of the fruit’s health benefits, has sparked a surge in avocado consumption. From millennials experimenting with avocado toast to fitness aficionados adding it to their smoothies, the fruit has quickly found a fan base across India.

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    India’s vast landscapes, rich agricultural history, and diverse climate might seem an unlikely match for avocado cultivation, traditionally more suited to regions like California or Mexico. Yet, this tropical powerhouse, with its lush, green mountains and fertile valleys, is proving ideal for avocados – especially in regions like Coorg, Karnataka. Here, the climate mirrors that of other prime avocado-growing regions, making it a perfect spot for the fruit to thrive. While India has long been home to crops like rice, wheat, and tea, avocados are starting to carve out their niche, with farmers discovering its potential as a new, lucrative crop for their plantations.

    Avocado Popularity in Pop Culture and Health Circles
    The rise of avocado consumption in India is part of a broader global trend, fueled by growing health consciousness among younger generations. Known for its heart-healthy fats, high fibre content, and a rich array of vitamins, the avocado has cemented its status as the “superfruit” of the 21st century. With increasing concerns over obesity, cholesterol, and lifestyle diseases, Indian consumers are becoming more eager to embrace healthy food options. 

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    The avocado has already become a star in the West, featured in Instagram-worthy bowls and as a regular ingredient in smoothie bars. In fact, it’s almost impossible to scroll through a food blogger’s feed without seeing an avocado-based dish. The fruit’s newfound status as a culinary icon has led to its presence in everything from salads to desserts, to even traditional dishes with a modern twist.

    Many celebrity chefs and organisations like the World Avocado Organization (WAO) have been educating Indian consumers about the versatility and health benefits of avocados.

    Westfalia Fruit: Cultivating the Avocado Revolution
    Enter Westfalia Fruit, a global leader in the avocado industry that is helping to transform India’s avocado landscape. Known for its pioneering work in avocado production worldwide, Westfalia has recently focused its efforts on India, setting up a state-of-the-art nursery in Coorg – an area best known for its coffee plantations. In fact, Coorg’s climate, which is conducive to growing coffee and tea, has proven to be just as suitable for cultivating avocados.

    Latest and Breaking News on NDTV

    The partnership between Westfalia, Sam Agri, and Dvori-Or Nursery has been crucial in introducing premium-quality avocados to Indian consumers. Westfalia’s nursery in Coorg is home to the Hass and other commercially viable avocado varieties, which are meticulously cultivated with precision to meet global standards. With over 500 acres of avocado plantations across India and a vision to reach 1,000 acres by 2026, Westfalia is leading the charge to ensure that avocados are no longer just a foreign novelty but a mainstream product in India.

    Latest and Breaking News on NDTV

    Their approach is built on sustainability and innovation. As the avocado industry expands, Westfalia has been working diligently to ensure that the environmental impact of avocado farming is minimized. This includes eco-friendly farming practices that reduce water consumption, carbon footprints, and preserve biodiversity-important factors as climate change continues to pose challenges to agriculture worldwide.

    The Future of Avocados in India
    Westfalia’s work in India is not just about cultivation – it’s also about creating an ecosystem that supports the widespread adoption of avocado consumption. By ensuring consistent quality and a reliable supply chain, Westfalia is making it easier for Indian consumers to access fresh, locally grown avocados. This growing availability is vital to creating a sustainable avocado culture in India, where consumers can enjoy year-round access to the fruit at competitive prices.

    Latest and Breaking News on NDTV

    India’s tropical climate and varied elevation offer immense potential for the country to become a significant player in global avocado production. With increasing demand for the fruit both domestically and internationally, avocados could become a key agricultural export, much like India’s well-known spices and tea. Furthermore, avocados present a unique opportunity for farmers in coffee and tea-growing regions to diversify their crops, providing additional income streams while contributing to the country’s agricultural resilience.

    Avocados: The Superfruit for Indian Households
    Avocados are quickly proving their value in Indian kitchens. Packed with healthy fats, vitamins, and minerals, they are an ideal addition to a balanced diet. Whether used in a traditional avocado chutney, incorporated into curries, or enjoyed in a smoothie, the possibilities are endless. Their popularity is set to rise as more consumers embrace healthier eating habits and discover the avocado’s versatility.

    Latest and Breaking News on NDTV

    Westfalia’s efforts are helping to increase the availability of avocados in Indian households, making the fruit more accessible to local consumers.

    As avocados slowly find their way into more Indian kitchens, from toast to curries, the fruit is steadily carving out its place in the country’s evolving food landscape. India’s avocado industry is still in its early stages, but its growth shows promise.

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  • Smart snacking grows 1.2 times faster than traditional snacks in India

    Smart snacking grows 1.2 times faster than traditional snacks in India

    Others Lifestyle

    As urban consumers increasingly seek health-oriented products, smart snacking in India has grown 1.2 times faster than traditional snacks, according to a report on Tuesday.

    IANS

    Nov 12, 2024 07:55 PM | UPDATED: Nov 12, 2024 07:59 PM | 8 min read

    About 63 per cent of surveyed consumers seek innovative and healthy snacking options while 50 per cent read ingredient labels to understand nutritional value,’ according to the report by consumer intelligence company NielsenIQ (NIQ).

    One in five snacks now has a health connotation in the country. “This segment is growing 1.2 times faster than traditional snacks in terms of value, presenting opportunities for brands to innovate in health-focused products and leverage the consumption trend,” said Sonika Gupta, Executive Director, Customer Success–India at NIQ.

    In consumer tech, the trend toward health-focused products is evident. Fitness wearables experienced a 59 per cent volume growth, while hot air fryers grew by more than 100 per cent, signalling broader health-conscious behaviour.

    India’s snack and confectionery industry ranks second in market size across Asia-Pacific, is transforming as urban consumers increasingly seek health-oriented products.

    The rise in lifestyle diseases has driven Indian consumers to opt for snacks that align with their health goals.

    Study showed that 84 per cent of surveyed urban Indian consumers exercise daily or regularly to keep fit and 48 per cent use a fitness or exercise app.

    Smaller, emerging players are challenging established players with competitive offerings, with single-serve packs driving demand and growing 60 per cent faster in smart snacking due to mainstream pricing strategies.

    The smart snacking segment’s growth is fuelled by consumption rates twice that of the general snacks market.

    The consumption preference is driven by small convenient pack sizes that have demonstrated 60 per cent higher growth compared to traditional small packs in the snacking space.
    ​​​​​​​
    Notably, Smart Snacking has been growing at 16 per cent in terms of value, but recent trends show a slowdown in count of new innovations and product launches, said the report.
     

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  • As The NHL Grows, A Dominant Sports Agency Thinks Hockey Marketing Is No Longer On Thin Ice

    As The NHL Grows, A Dominant Sports Agency Thinks Hockey Marketing Is No Longer On Thin Ice

    On a breezy September afternoon in Los Angeles, three days after Sidney Crosby signed a two-year contract extension with the Pittsburgh Penguins, Pat Brisson can only chuckle when asked about the $17.4 million deal. “What am I going to tell you?” he says in his French Canadian lilt. “On the record, he could have had more money.”

    Brisson would know. The 59-year-old superagent has negotiated $1.4 billion in active playing contracts—the best mark in the NHL—for stars including the Colorado Avalanche’s Nathan MacKinnon, the New Jersey Devils’ Jack Hughes and the Vancouver Canucks’ Elias Pettersson. His agency, CAA, where he is co-head of a roughly 30-employee hockey group alongside JP Barry, has around 100 NHL players on its roster and $2.1 billion in active player contracts under management, a number surpassed only by Newport Sports Management’s $2.3 billion, according to contract database PuckPedia. Among CAA’s clients are five of the NHL’s 10 highest-paid players this season.

    But Brisson also knows that, ultimately, his job is to make his players happy—even if it means taking less money than they could have made on the open market. And while CAA is most certainly a business—it has topped Forbes’ ranking of the most valuable sports agencies for nine consecutive years and was purchased by French luxury goods mogul François-Henri Pinault’s investment firm for a reported $7 billion last year—it similarly understands when finances need to take a backseat to its goal of being a 360-degree operation for its clients (or as CAA Sports co-head Howard Nuchow puts it, “to be important to our players in as many areas as we can”).

    That focus on services, an agency hallmark since CAA Sports launched in 2006, could mean helping a player build up a social media presence or launch a business. Or it could just mean hooking up the player with tickets to a basketball game or a Broadway show—whatever it takes to recruit, and retain, clients, even when there’s a significant upfront cost and no payoff on the immediate horizon.

    For now, marketing remains a piece of that money-losing equation, with limited revenue available from hockey endorsement and licensing deals. But that area is also a new emphasis for the agency, which hired David Abrutyn as the hockey group’s first global chief business officer in May to expand its off-ice work alongside Jen Kardosh, the department’s head of operations, marketing and client management. And CAA believes that, finally, the sport’s financial reality could be changing.

    Make no mistake: That shift won’t be easy. In 2022, Forbes estimated that CAA Sports had $3.76 billion in active non-playing contracts under management—in categories including marketing, media and coaching—but hockey makes up a tiny sliver, with $28.3 million on the books for this year and moving forward, across more than 175 deals, Kardosh says. By Forbes’ estimates, only four CAA hockey clients—Crosby ($5.5 million), MacKinnon ($3 million), Boston Bruins right wing David Pastrnak ($1.5 million) and Washington Capitals left wing Alex Ovechkin ($5 million)—currently make seven figures off the ice annually, along with no more than a handful of others across the entire league.

    No player can hope to match the millions of dollars available from sneaker deals in the NBA, where LeBron James made an estimated $70 million off the court last season, or from apparel partnerships in tennis, where Carlos Alcaraz hauled in $32 million off the court over the past year. For most hockey players, marketing opportunities tend to be regional deals that top out at five figures annually, or may instead be built around free product as opposed to cash. Sponsorships also tend to cluster around players who are from Canada or are signed to Canadian teams, and they are especially hard to come by for Europeans.

    Against that backdrop, even with agents able to charge an industry-standard fee of 20% on endorsement deals—five times the typical commission on an NHL playing contract—the math doesn’t entirely add up. (Applying those rates to CAA’s active contracts under management, the hockey group stands to collect up to $84 million in commissions on the ice but less than $6 million off it.) To justify the effort, the calculus has to go beyond dollars and cents and factor in the “stickiness,” to use Barry’s term, that a top-tier marketing team can offer by keeping clients content at CAA.

    “We’re always concerned with the bottom line, but our reality today is, we know that they’re going to make far more playing hockey than they’re going to make off the ice. We’re not going to not take opportunities because the money isn’t exactly right,” Kardosh says, adding, “I don’t care if it’s a $5,000 deal or $100,000 deal if it’s going to be a great opportunity for them to be exposed to new fans—that’s my No. 1 priority.”

    Still, CAA is optimistic that that framework could be changing. Riding a wave of exciting young talent, national NHL broadcasts averaged 504,000 viewers during the 2023-24 regular season, according to Nielsen, an 8% increase from the previous year and the league’s best mark since 2015-16. Attendance was also up, to a record 22.9 million. More eyeballs usually means more marketing dollars, and indeed, ad spend surged 27% in 2023-24 over the previous season, according to Sportico, while research firm SponsorUnited found that team sponsorships rose 10%, to $1.4 billion.

    And future prospects for players are looking up. NHL stars are set to return to the Olympics in 2026, and the league will unveil a new international competition in February with the 4 Nations Face-Off as the proliferation of streaming services unlocks new markets in Europe. Meanwhile, several NHL players are featured in the new Amazon Prime Video docuseries Faceoff from Box To Box Films, the production company that turbocharged Formula 1’s growth in the U.S. with Netflix’s Drive to Survive. (CAA’s Brisson had a hand in persuading Box To Box producer Paul Martin to create the new show, bringing the hockey neophyte to two games.)

    CAA sees those initiatives not only as chances to cash in—a number of clients appear in the docuseries, and hundreds of millions of dollars will be spent on Olympic brand activations—but also as signals that the NHL is shifting away from its long-running team-first marketing strategy and putting more focus on the players.

    “The star marketing the NBA used in the ’80s and ’90s, whether it was Bird and Magic, to Michael to Steph and LeBron to Kobe, it was always a huge part of the success matrix,” Abrutyn says. “Last year, it was really Connor McDavid and the Edmonton Oilers,” he adds of the storyline in the NHL, pointing to the star client of rival agency Wasserman, “which is a slight nuance from the Edmonton Oilers and Connor McDavid.”

    Perhaps just as important is an ongoing evolution in NHL player culture, which to this point has been “about the logo on the front, not the name on the back,” Kardosh says. Now, a generation that grew up on social media isn’t just aspiring to be the next Mario Lemieux or Mark Messier; “they’re looking at LeBron James and Shohei Ohtani and F1 drivers, and there’s just more opportunity for a lot of those athletes in marketing, and our clients are starting to say, ‘We want some of that opportunity, too, so what do we have to do to get it?’” Kardosh cites 23-year-old Anaheim Ducks center Trevor Zegras in particular as a catalyst within CAA, after he made a splash online as a rookie in 2021-22.

    CAA is also eager to explore the off-ice possibilities in women’s hockey, with Kardosh and Dominique DiDia spearheading an initiative that has signed 18 players, including 11 in the PWHL, since 2022. “There will be plenty of people that are willing to invest in the PWHL that are not willing to invest in the NHL, and we want to be in those conversations,” says Kardosh, who calls out University of Minnesota star Chloe Primerano’s deal with Cwench Hydration as an early win for the group.

    Financial viability for that operation is a long ways away, especially with CAA mostly forgoing on-ice commissions as the PWHL’s top salaries hover around $100,000. But the agency’s hockey group has had success with a long-term mindset, often signing male clients at age 13 or 14 and coaching them up in a player development effort led by Jim Hughes. “It takes usually seven years before hopefully they start paying fees,” Brisson says. The upside, though, is that CAA represents 17 players selected in the draft’s first two rounds over the last two years and Brisson has worked with nine No. 1 overall picks from the past 19 drafts, including 2024’s Macklin Celebrini.

    While Nuchow says that nobody is “keeping a scoreboard,” the hockey group is among the reasons CAA Sports is now larger and growing faster than the agency’s storied entertainment division. But Brisson—described as “relentless,” “24/7” and “machine-like” by his colleagues—continues to think about expansion. Now, that means marketing.

    “I guess it’s just my DNA,” Brisson says. “I don’t know. I always say to my group, the day you start sitting on your laurels, you’re as good as gone.”

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  • Hyatt grows luxury and lifestyle segment across Americas

    Hyatt grows luxury and lifestyle segment across Americas

    Hyatt Hotels continues the strategic expansion of luxury and lifestyle hotels with a significant development pipeline of more than 20 recent and planned openings across the U.S., Canada, Mexico, Latin America and the Caribbean through 2025.

    This planned growth will expand Hyatt’s brand footprint in several new regional markets, allowing Hyatt to care for guests and World of Hyatt members in more places and on more stay occasions.

    “We are engaged with our guests and World of Hyatt members and taking in their feedback helps us strengthen our understanding of the key markets and leisure experiences that resonate with and excite them the most,” said Crystal Vinisse Thomas, vice-president and global brand leader for Hyatt’s luxury and lifestyle brands. “From Deer Valley to Miami to Valle de Guadalupe, Mexico, our luxury and lifestyle brands’ expansion in new and key markets is driven by our desire to offer travelers more opportunities to explore the unique communities our hotels are a part of and the chance to embark on incredible experiences with Hyatt.”

    More lifestyle brands coming soon

    Looking ahead, Hyatt will offer guests more iconic lifestyle brands and experiences through the planned acquisition of lifestyle pioneer Standard International. Enhancing its position as a leading lifestyle hospitality leader, Hyatt will launch a new dedicated lifestyle group that will include The Standard and Bunkhouse Hotels brands, as well as many of its world-class restaurant and nightlife affiliates (The Boom Boom Room, The Standard Grill, Le Bain, and more). Following the transaction’s close, Hyatt is planning to welcome Standard International properties into World of Hyatt, bringing even more celebrated lifestyle options to its 48 million loyalty members.

    Newly opened and coming soon

    Hyatt plans to add several new hotels across prime leisure markets in Americas in 2024, from the first Andaz hotel in Florida and the debut of the Hyatt Centric brand in Costa Rica, to the first Grand Hyatt properties in Arizona and Utah. Recent and upcoming 2024 openings and renovations include:

    • The Legend Paracas Resort (joined the Destination by Hyatt brand on June 18, 2024) located on the coast of Peru, about three hours south of Lima, the 124-room resort is nestled between the Paracas Nature Reserve and the Pacific Ocean, offering panoramic views of the Paracas Bay and desert hills.
    • Grand Hyatt Indian Wells Resort & Villas (opened September 9, 2024) rebranded from Hyatt Regency Indian Wells Resort & Spa in California after an extensive $64 million renovation including transformed 531 accommodations, including 39 spacious suites which have completed, while 43 one- and two-bedroom private villas, are set to debut by November 2024. The rebrand ushers in a new era of luxury for the iconic desert resort with an expanded lobby experience, refreshed meeting and event spaces, two new dining concepts and a reimagined pool complex with extended cabana offerings.
    • Hyatt Centric Delfina Santa Monica (opened September 18, 2024) marks the Hyatt Centric lifestyle brand’s sixth hotel in California and Hyatt’s 101st hotel in the Golden State, with 315 guest rooms. The hotel will undergo a design enhancement this fall.
    • Thompson Palm Springs (expected to open September 30, 2024) debuted with a collection of nearly all of its 168 bungalow-inspired guest rooms and suites in the heart of the city’s design district. The new lifestyle hotel features spirited dining concept, Lola Rose Grand Mezze and the first tasting room from HALL Napa Valley.
    • Hyatt Centric San José Escazú (expected to open in October 2024) will mark the Hyatt Centric brand’s first hotel in Costa Rica and serve as a homebase to explore San Jose, the country’s capital, and largest city. Located in Plaza Tempo, the hotel will feature 161 guest rooms and suites with artwork crafted by local Costa Rican artists.
    • Hyatt Centric Santo Domingo (expected to open in October 2024) will be the first Hyatt branded hotel in Santo Domingo, Dominican Republic. Located in the city’s central area within the thriving Ensanche Piantini neighborhood, the 130-room hotel will offer a rooftop bar, coffee shop, signature restaurant and lobby bar.
    • Grand Hyatt Scottsdale Resort (expected to rebrand in October 2024) will be the first Grand Hyatt hotel in Arizona after undergoing a $115 million renovation inclusive of 496 updated accommodations, including 18 luxury Casitas, six elevated dining experiences, expanded pool and cabana offerings, a refreshed spa and more group meeting space capabilities to transform and rebrand from Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch.
    • Grand Hyatt Deer Valley (expected to open in November 2024) will mark the debut of the Grand Hyatt brand in Utah and will feature 436 luxury accommodations, multiple food & beverage experiences and one of the largest mountainside event facilities in all the U.S. that’s perfect for all seasons. The hotel is positioned with direct access to both Deer Valley’s existing and expanded ski terrain as well as the Jordanelle Reservoir.
    • Andaz Miami Beach (expected to open December 2024) has been transformed from The Confidante Miami Beach to the first Andaz hotel in Florida. This hotel features an industry-first, ocean-view check-in experience, 287 rooms, 64 suites, two reimagined pools and a historic beach house. The property will weave the rich cultural tapestry of the locale into every aspect of the resort, offering a dynamic mix of Miami-inspired programming and exclusive partnerships, including highly anticipated collaborations with the world-renowned José Andrés Group.
    • Maison Métier (expected to join The Unbound Collection by Hyatt in 2024) is a 67-room private luxury guesthouse serving as a luxury oasis in the heart of New Orleans, thoughtfully preserved in its architectural integrity from 1908 and will embody the story of a bygone era.

    Strategic Growth in 2025

    In 2025, Hyatt plans to introduce several luxury and lifestyle brands in key markets across the Americas region, including the first Park Hyatt and Dream Hotels properties in Mexico, the first Hyatt Centric brand in Puerto Rico, and the first Grand Hyatt hotel in Grand Cayman. New openings planned for 2025 include:

    “Hyatt resorts across the U.S., Canada, and Latin America – including our Inclusive Collection properties – are experiencing significant momentum as we look to close out 2024 and kick off 2025. This progress reflects the power of our brands and Hyatt’s commitment to delivering inimitable experiences for our valued guests and members,” said Melanie Benozich, associate vice president, marketing & global branding, Hyatt Inclusive Collection. “As we grow our Inclusive Collection footprint into exciting new resort destinations like Aruba and St. Lucia, we remain committed to offering personalized hospitality through exceptional service, immersive dining and more.”



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