India is one of the fastest growing economies which grew at 8.2 per cent in the April-June quarter of 2018-19 on the strong performance of manufacturing and agriculture sectors, increasing its lead over China to remain the world’s fastest-growing major economy, according to government data released on September 2018. According to CIA Facebook, it is the 2nd most populous country in the world, with around 1.5 billion inhabitants. The Indian food industry is the 6th largest market in the world. As India has emerged one of the fastest growing major economy in the world, according to the Central Statistics Organisation (CSO) & International Monetary Fund (IMF) and over the next 10-15 years it is also expected that India will be among one of the top three economic powers of the world.
Increasing urbanization and changing lifestyle of individuals played a major role in spurring the growth of the Indian food industry sector. Foodservice industry emerges as a key segment in the Indian economy. In 2017, the Indian foodservice market (organized and unorganized) was estimated at INR 3,37,500 Crore and is expected to grow at a CAGR of 10% by 2022, which will reach to INR 5,52,000 Crore over the next 5 years. Also, India has 14 mega food parks, and an additional eight food parks are expected to be operational by the end of this year. Ministry of Food Processing Industries (MoFPI) is providing ample support to the industry.
Content in the Indian Food Industry Report:
- Why India?
- Market Size
- Key Markets
- Key Segments
- Government Initiatives
- Foreign Investment
- Trends in the Food Industry
- Challenges in the Food Industry
- Opportunities in the Food Industry
- Market Entry Strategy For India
- Porter’s Five Force Analysis
- SWOT Analysis
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