Food Industry in India

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[5/5]Total Votes [ 26 ]  
Rate this page:

About Food Industry

The Food industry in India comprises various segments such as fisheries, plantations, fruits and vegetables and confectionery, to name a few. The food industry in India has grown over the last few years, and its share in global sugar production in 2022 is expected to be 15%, with nearly 32 million tonnes.

Details of food industry in India:

India is the second biggest food producer globally, and it has the potential to become the largest producer of food in the whole world. The Food Industry in India includes milk and milk products, plantation, alcoholic beverages, vegetables and fruits, fisheries, poultry and meat, grain processing, chocolates and confectionery.

The Food Industry in India exported products worth around US$ 5.8 billion in 1998, while the total world food export stood at US$ 438 billion. This shows that although India is one of the biggest food producers globally, it accounted for only 1.5% of the international trade in food as in 1998.

Through the Ministry of Food Processing Industries (MoFPI), the government endeavours to urge more investments in the business. It has sanctioned joint ventures (JV) proposals, foreign collaborations, industrial licenses and 100% export oriented units. The Indian food processing industry amounts to 32% of the country’s aggregate food market. It contributes approximately 8.80 and 8.39% of Gross Value Added (GVA) in Manufacturing and Agriculture, respectively, is 13% of India’s exports and 6% of aggregate industrial investment.

Reasons for the growth of the food industry

  • Increased urbanization in the country has given a boost to the food industry in India.The majority of the women in the country are working because families have extra income, which they are spending on buying food.
  • The standard of living in the country has improved as a result of which there has been an increased demand for food.
  • Supermarkets and malls have opened all over the country, and this has helped in making shopping for food is a pleasurable experience.
  • The online food delivery players such as FoodPanda, Zomato, TinyOwl and Swiggy build scale through partnerships as the organised food business has a vast potential and a promising future. In 2016, the online food delivery industry thrived at 150% year-on-year with an estimated Gross Merchandise Value (GMV) of US$ 300 million.
  • The consumers can select, inspect and pick up food items that they like in a comfortable ambience. This, too, has helped to boost the sale of food products in the country.

Major companies in the food industry

Companies in the food industry are now well equipped with the updated food processing skills,equipment, and modern technology when it comes to packaging, canning, and thermal processing.

  • Nestle India Ltd.
  • Britannia
  • Kelloggs India
  • Kissan
  • Cadbury India Ltd.
  • MTR Foods Ltd.
  • Kohinoor Foods Ltd
  • Hindustan Unilever Ltd.
  • Godrej Foods
  • Parle Agro
  • ITC-Agro
  • Coca-Cola
  • LT Foods Ltd
  • Amul
  • Ruchi Soya

Agriculture expert zones

  • Punjab
  • Gujarat
  • West Bengal
  • Uttaranchal
  • Assam
  • Karnataka
Last upadted on July 30, 2021