India Food Processing Market Analysis, Size, Share, Growth and Business Opportunities 2023-2028
According to IMARC Group’s latest report, titled “India Food Processing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the India food processing market size reached INR 25,455 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 45,345 Billion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028.
Food processing is a procedure that alters food from its natural state by using heating, milling, canning, freezing, drying, crystalizing, liquefaction, pickling, cooking, and fermenting processes. It encompasses agriculture, horticulture, plantation, dairy, animal husbandry, and aquaculture as standard activities. The technique comprises cleaning butchered animal products or harvested crops to manufacture new products. It offers various benefits, including preventing food contamination, increasing shelf-life, and ensuring efficient transportation of the products.
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Market Trends and Drivers:
Steadily increasing working population is facilitating the demand for processed food products, which represents one of the primary factors driving the India food processing market growth. Besides this, the expanding population base and the increasing consumer per capita income are acting as other major growth-inducing factors. The market is also driven by significant technological advancements in the food processing industry. In line with this, innovations in food processing technologies and extensive research and development (R&D) to upgrade the existing food processing machinery are contributing to the market growth. The proliferating organized food retail outlets offering a wide range of diversified food products at affordable prices is positively influencing the market growth. Other factors, such as rising consumer expenditure capacities and increasing popularity of ready to eat (RTE) foods and ready to drink (RTD) beverages, are creating a positive outlook for the market in the country.
Key Market Segmentation:
The report has segmented the India food processing market based on sector and region.
Breakup by Sector:
- Dairy
- Fruits and Vegetables
- Meat and Poultry Processing
- Fisheries
- Packaged Foods
- Beverages
- Others
Breakup by Region:
- North India
- South India
- East India
- West India
Competitive Landscape With Key Players:
The competitive landscape of the India food processing market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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