The food processing sector in India
is of fundamental importance, holding as it does the vital link between
agriculture and industry. The sector is poised for enormous growth and already
contributes about 12.7 percent of the country's GDP and provides nearly 60
percent of all job opportunities by directly employing around 1.6 million
workers.
The industry is the 5th largest
sector in the country in terms of production, consumption, export and growth.
The worth of the Indian processed foods industry was USD 91 billion in 2010 and
it is growing at the rate of 13 percent per annum. By 2015, it is expected to
touch USD 175.2 billion. The availability of raw materials, changing lifestyles
and relaxation in regulatory policies is fuelling the growth of this
industry.
India is the highest producer of
milk in the world at 90 million tonnes per annum. With an arable landmass of
184 million hectares, it is the second largest producer of fruits &
vegetables (150 million tonnes per annum) and the third largest producer of
food grains and fish. It has the largest livestock population as well. In
addition to its large and wide-ranging raw material base, India is a huge
consumer base of over one billion people. All these are positive factors that
add vigour to the processed foods industry, which holds tremendous
opportunities for large investments. This report is an across-the-board
examination of the country’s food processing industry. It studies the market
size and latest trends, and critically analyses the growth drivers that are
propelling the sector, such as the entry of major international food product
manufacturers who are eliminating category boundaries through product
innovation. It also reviews the key players of this industry – Amul and Mother
Diary – within the parameters of key growth factors, thereby indicating the
essential prospects of the sector.
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We pay special emphasis in the
report to the support that the Government of India is lavishing on the growth
of the processed foods sector. The government’s ‘Vision 2015’ has allocated an
outlay of USD 20 billion for the sector, while simultaneously relaxing the
regulations governing licensing and excise. Other strategic initiatives by the
government include the establishment of mega food parks and cold chain
facilities, including refrigerated vans, and the approval of 51 percent
ownership of foreign retailers in joint ventures. All these positive measures
are expected to catapult the food processing sector onto a higher growth
trajectory that would almost double the country’s presence in the global food
trade to 3 percent. These initiatives will also enable the industry to bring in
stability in food prices, reasonable returns for farmers and other
stakeholders, and create a projected 9 million jobs.
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The objective of this report is to
assist diverse investors, both domestic and international, who are involved in
the processed foods industry both directly and peripherally. Entrepreneurs
across the entire food value chain from warehousing to cargo handling and
logistics to packaging and manufacture of food processing machinery &
technology, exporters and importers of Indian processed food sector, even researchers
and industry analysts may secure better understanding of this sector through
this report.
The report analyses the wide and
diverse spectrum of the Indian Food Processing Industry:
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