• Thu. Sep 22nd, 2022

India Food Processing Market 2022 Trends, Industry Size, Growth and Competitive Analysis

ByStephanie M. Akbar

Aug 3, 2022

According to the latest report of the IMARC group, entitled “Indian food processing market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027India food processing market size reached INR 22,830 billion in 2021. Looking ahead, IMARC Group expects the market to reach INR 41,835.8 billion by 2027, showing a growth rate (CAGR) of 10% over the period 2022-2027.

With a geographical advantage, India is currently one of the largest producers and processors of milk, wheat, rice, sugarcane, tea, and various fruits and vegetables. The growth of the food processing sector and the concurrent development of the value chain have become important contributors to satisfying the favorable terms of agricultural trade in international and domestic markets. In order to promote the food processing sector, the Indian government has recently launched an investor-friendly portal called Nivesh Bandhu. It incorporates central and state government incentives and policies for all stakeholders operating in the food processing sector, including processors, logistics operators, farmers and traders. It also includes a “food map” that helps investors make decisions based on project location. These initiatives, along with the steady population growth and rapid urbanization, are driving the demand for value-added products in the country.

Impact of COVID-19:

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Get a free sample of this report: https://www.imarcgroup.com/indian-food-processing-market/requestsample

Indian Food Processing Market Trends:

Over the past few years, the Indian government has identified food processing as a priority sector through which it has introduced several initiatives and reforms, such as 100% Foreign Direct Investment (FDI) with automatic approvals and Mega Food Park Scheme. Automatic approvals for foreign investment and technology transfer are offered for milk and dairy products, marine and meat products, and agricultural products. As part of this reform, raw materials and capital goods for absolute export-oriented units were also exempted from import duties. In addition, the industry has been facilitated by other tax exemptions such as zero excise duties on milk and dairy products.

Apart from this, the Mega Food Park Scheme includes the construction of state-of-the-art supporting infrastructure in an agricultural or horticultural area to establish modern food processing units with a well-established supply chain. The supporting infrastructure consists of primary processing centers, cold chain units, collection centers, central processing centers and various fully developed plots for entrepreneurs to set up units. food processing. Currently, the government has funded the construction of 42 mega food parks of which 17 parks have become operational across the country.

Key Market Segmentation:

The report has segmented the Indian food processing market on the basis of industry and region.

Breakdown by sector:

  • Dairy
  • Fruits and vegetables
  • Meat and Poultry Processing
  • Sin
  • packaged food
  • Beverages
  • Others

Breakdown by region:

  • North India
  • South India
  • Eastern India
  • West India

Competitive landscape with key players:

The competitive landscape of the Indian Food Processing Market has been studied in the report along with the detailed profiles of key players operating in the market.

Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/request?type=report&id=1056&flag=C

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market trends
  • Market drivers and success factors
  • Impact of COVID-19
  • Value chain analysis
  • Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Our offerings include comprehensive market information in the form of research reports, production cost reports, feasibility studies and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our client base, ranging from small and medium-sized businesses to Fortune 1000 companies.

Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, United States
Website: https://www.imarcgroup.com/
E-mail: [email protected]
Americas: +1-631-791-1145 | Europe and Africa: +44-753-713-2163 | Asia: +91-120-433-0800


Source link