The latest report by IMARC Group, titled “India Food Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the India food processing market reached US$ 304.40 Billion in 2021. Food processing involves fermenting, crystallizing, mixing, blending, chopping, washing, and pasteurizing of raw food materials for consumption, cooking, or storage. It enhances the taste of the food and reduces the incidences of foodborne diseases, such as noroviruses, salmonellosis, perfringens poisoning, and campylobacteriosis. It helps preserve the nutritional value of food products by preventing oxidation. In addition, it provides several advantages, such as ease of preparation, boosting the shelf life of the food, and turning raw food materials into attractive and marketable products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Food Processing Market Trends:
The growing awareness among the masses about the benefits of consuming processed food products, such as breakfast cereals, cheese, tinned vegetables, bread, crisps, sausage rolls, pies, pasties, bacon, sausage, ham, salami, cakes, and biscuits, represents one of the key factors driving the market in India. Besides this, the Government of India is encouraging investments in the food processing sector by launching an investor-friendly portal for all stakeholders, including processors, logistics operators, farmers, and traders. They are also introducing a food map to assist investors in making decisions based on the project location, which is contributing to the growth of the market. Moreover, the growing demand for branded and convenience food products due to the hectic lifestyles of individuals is influencing the market positively across the country. In addition, the increasing infrastructure development, such as primary processing centers, cold chain units, and collection and central processing centers, is propelling the growth of the market. Apart from this, there is a rise in the integration of artificial intelligence (AI) and the internet of things (IoT) in the food processing sector in the country. This, coupled with increasing advancements in manufacturing facilities, such as product monitoring, remote maintenance, and self-diagnosis, is bolstering the growth of the market in India. Looking forward, IMARC Group expects the market to reach US$ 557.81 Billion by 2027, exhibiting a CAGR of 10% during the forecast period (2022-2027).
- Based on the sector, the market has been classified into dairy, fruits and vegetables, meat and poultry processing, fisheries, packaged foods, beverages, and others. At present, packaged foods exhibit a clear dominance in the market.
- Region-wise, West India dominates the market, followed by North India, South India, and East India.
- The competitive landscape of the market has been examined in the report, with detailed profiles of the key players operative in the industry.
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