The food processing industry in India is one of the fastest growing in the world. The major players in this industry are the food processing companies and franchise chains. Franchise companies process food and supply it to customers while food processing companies process food into other products like packaged food, ready-to-eat food, and frozen food.
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How profitable is the food processing industry in India?
The food processing industry is a $100 billion industry in India. The industry is mainly dominated by large food processing companies. The processed food industry in India is facing some challenges with the rise of organic food. The global consumption of organic food in 2015 was valued at $33.5 billion and is expected to grow at a CAGR of around 9% in the coming years.
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Many would say that the processing industry is dominated by large corporations, which don’t really care about small-scale farmers and their families. However, as the second largest food processing industry in the world, the small-scale food processing industry has an important role to play in ensuring food security, boosting farm incomes, and improving the health of farmers and consumers alike.
Worldwide Position and Value of Food Processing Business
The food processing industry in India is the 6th largest in the world in terms of value and has a high contribution to the country’s economy. According to the International Food Processors Association (IFPA) data, the value added in food processing in the country in 2012 was US$101 billion, of which about 82% was contributed by the food processing industry. The food processing industry has changed considerably over time. Today, it is a $58 billion industry and contributes around 2.2% to India’s GDP.
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What is the demand of food processing business in India?
The food processing industry demand for food processing products in India has grown consistently over the past decade. Currently, food processing companies in India are demanding more and more food processing products from India. The main drivers for growth are increasing consumer demand for food processing products which has been fuelled by rapid urbanization and improvement in urban infrastructure. Moreover, with the increasing number of mechanized food processing units, these processors have started to have a greater influence on the food market.
What is the growth in the coming years?
Food processing in the country is expected to grow at a CAGR of around 9% in the coming years due to rising per capita income and higher expenditure on food, higher urbanization levels, and improving infrastructure. The major consumers are the urban markets—with households spending an estimated Rs. 8,000-9,000 in a day on food—and the rural markets, which comprise the markets for packaged food, snack food, and soft drinks.
Related Feasibility Study Reports: Food Processing and Agriculture Based Projects, Snack Food, Frozen Food, Agro Processing Technology, Processed Food, Instant Food, Food Industry, Food Preservation, Canned Food, Packed Food, Ready to Eat Food, Cereal Food, Pickle, Spices, Grain Milling
What food processing businesses one can invest in?
The ideas for food processing companies in India that one can start are:
- Bakery Business
- Cashew Processing Business
- Diabetic Food Manufacturing Business
- Dairy Business
- Fruit Juice Processing Business
- Ginger Garlic Paste Processing Business
- Grape Wine Manufacturing Business
- Honey Processing Business
- Ice Cream Making Business
- Lemonade Making Business
- Mineral Water Processing Business
- Noodles Manufacturing Business
- Papad Making Business
- Pickle Manufacturing Business
- Potato Chips Manufacturing Business
- Rice Mill Business
- Spices Business
- Sunflower Oil Processing Business
- Tomato Processing Business
- Salted Snacks Namkeen Manufacturing Business
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