The food processing industry is one of the largest industries in the world. It is also one of the most capital-intensive industries. Investments in processing machinery and plants, as well as in the purchase of raw materials, are high-risk undertakings. The industry requires large amounts of capital to start and expand a business.
The Indian food processing industry is a sector that contributes significantly to the country’s GDP. In the food processing industry, small and medium-scale units employ the majority of workers. The food processing industry is a critical part of the economy and its contribution to the GDP is increasing. However, the profitability of the food processing industry in India is still a debatable topic.
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Below mentioned are some highly profitable food processing businesses around the country.
- Nutraceutical Food Business:
The Nutraceutical food business in India is a small but growing retail segment with a focus on health and wellness. The market for Nutraceutical is a rapidly growing $8.2 billion industry in India, where consumers are increasingly interested in the health benefits of foods that support healthy joints, bones, and muscles.
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The industry is growing largely because there is a growing base of consumers interested in foods that can help build and maintain strong bones and joints, manage chronic conditions like arthritis and osteoarthritis, and support optimal muscle health and function. Nutraceuticals are a unique category of food in that they may contain a range of ingredients, such as herbs, botanicals, amino acids, and other nutrients.
- Plant-Based Food Business:
India is the largest consumer market for plant-based foods in the world. The country is estimated to be worth over $1 trillion and is expected to be the world’s fastest-growing economy in the coming years.
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The rising popularity of vegan and plant-based diets in India is being attributed to the growing population, influx of Western culture, and rising disposable incomes. In the past decade, plant-based alternatives have increasingly become a part-time or full-time career choice for young Indians.
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- Dairy Industry Business:
The Indian dairy industry is a $24 billion business, and its growth is largely due to the growing demand for milk and milk products. The Indian dairy market is dominated by the government, which controls the supply of milk and milk products to the country. However, the Indian dairy market is opening up to the private sector, with foreign companies like Nestle and Fonterra entering the Indian market. The government is encouraging the private sector to enter the dairy industry to help reduce the price of milk and the surplus of milk in the country.
- RTE and RTC Food Business:
RTE and RTC Food are the two primary food categories in the RTE Diet. RTE stands for “refined” and “unrefined”. Refined foods have had the fiber, vitamins, and minerals removed from them. These food are excellent for a child’s growth.
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The government of India has several policies in place to promote the RTE and RTC food business in the country. The government provides subsidies for milk, milk products, and flour, which has helped reduce the price of milk and increase its availability in the country.
The government also mandates that all packaged food products sold in the country contain at least 25% RTE or RTC food, which is a large portion of the Indian packaged food market. The government believes that this policy will help increase the availability of RTE and RTC food in the country and reduce the price of food for consumers.
Final Words
In the coming days ahead, the government will heavily invest in the food industry and therefore, can be a very successful chance for people to think of this industry. The food processing industry in India has enormous opportunities due to the growing population in the country. In India, the food processing industry is driven by the growth of the urban population and an improvement in the standard of living among rural populations.
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