The food industry in Indiais a vast and diverse sector, with a wide range of products and sub-segments.
It is one of the most important contributors to the Indian economy, with a
market size of over US$ 391 billion in 2020. The industry is expected to grow
at a CAGR of 6.8% from 2020 to 2025.
The foodindustry in India can be broadly classified into three segments: organized,
unorganized, and exports. The organized segment, which includes modern retail,
food processing, and food service, accounts for around 15% of the market. The
unorganized segment, which includes street vendors, small retail stores, and
traditional food processing, accounts for the remaining 85%. The export
segment, which includes a wide range of products such as agricultural products,
processed foods, and seafood, is also a significant contributor to the Indian
economy.
The food processing industry in India is arapidly growing segment, with a market size of over US$ 33 billion in 2020. The
government of India has been taking several initiatives to promote the growth
of this sector, such as the National Food Processing Development Policy, which
aims to increase the share of processed foods in the domestic market from 10%
to 20% by 2020. The government has also set up several food parks and mega food
parks across the country to provide infrastructure and other support to the
food processing industry.
The Indianagriculture sector is the backbone of the Indian food industry, with more than
50% of the population dependent on agriculture for their livelihood. The sector
is characterized by small and marginal farmers, with around 86% of the farms
being less than 2 hectares in size. The government of India has been taking
several initiatives to promote the growth of the agriculture sector, such as
the Pradhan Mantri Fasal Bima Yojana, which aims to provide insurance coverage
to farmers against crop loss due to natural calamities.
The foodretail industry in India is also a rapidly growing segment, with a market size
of over US$ 42 billion in 2020. The organized retail segment, which includes
supermarkets and hypermarkets, is growing at a CAGR of around 20%, while the
unorganized retail segment, which includes small retail stores and street
vendors, is growing at a CAGR of around 10%. The government of India has been
taking several initiatives to promote the growth of the organized retail
segment, such as the Foreign Direct Investment policy, which allows 100% FDI in
the retail sector.
The foodservice industry in India is also a rapidly growing segment, with a market size
of over US$ 48 billion in 2020. The organized food service segment, which
includes restaurants, fast food outlets, and cafes, is growing at a CAGR of
around 10%, while the unorganized food service segment, which includes street
vendors and small food outlets, is growing at a CAGR of around 5%. The
government of India has been taking several initiatives to promote the growth
of the organized food service segment, such as the Food Safety and Standards
Authority of India (FSSAI), which aims to ensure the safety and quality of food
served in the country.
Inconclusion, the food industry in India is a vast and diverse sector, with a
wide range of products and sub-segments. The industry is a significant
contributor to the Indian economy, with a market size of over US$ 391 billion
in 2020. The government of India has been taking several initiatives to promote
the growth of the various segments of the food industry, such as the National
Food Processing Development Policy, Pradhan Mantri Fasal Bima Yojana, and
Foreign Direct Investment policy. The food processing, agriculture, retail and
food service industry are all rapidly growing segments. The sector is expected
to grow at a CAG
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