Industry in India is currently growing at a rate of 14.9 %. This
growth is expected to increase to 25% CAGR in 2014. The potential
for processed foods is estimated to reach from Rs. 3300 Bn($ 70
Bn) in 2009 - 10 to Rs. 9800 Bn($210) in 2014 -15. It will cover
several segments like Dairy, Fruits & Vegetables Processing,
Grain Processing, Meat & Poultry Processing and Fisheries.
Indian food processing industry is widely recognised as a 'sunrise
industry' having huge potential for uplifting the agricultural economy,
creating large scale processed food manufacturing and food chain
facilities, and the resultant generation of employment and export
is the largest producer of fruits & second largest producer
of vegetables (200 million tonnes per annum). It is also the third
largest producer of food grains (230 million tonnes per annum).
- India's is
the largest producer of milk in the world (110 mmt per annum)
which accounts for more than 15% of the world's output and 40%
of Asia's. It also has been growing at 4% per annum, far above
the global average of 1-2% in recent years.
- India is
ranked 5th largest in poultry production in the world. It has
the largest number of livestock. India has a large coastline of
almost 8000 Kms. teeming with a wide variety of marine life.
- The Indian
food and beverages market is expanding rapidly and is projected
to grow at a CAGR of 9 per cent during 2009-13 and reach Rs. 27,220
bn ($580 bn) by 2013.
foods continues to grow & will constitute for more than 35%
of the food market in 2013 - 14.
- Exports of
fresh and processed vegetables, fruits, meat & poultry and
cereals rose 12 per cent to Rs. 380 bn ($8 bn) in 2008-09 from
Rs. 333 bn ($7 bn) in 2007-08.
Vision-2015 plan of the Ministry of Food Processing Industries has
set some specific targets. This includes trebling the size of the
food processing industry from around Rs. 3300 bn ($ 70 bn) to about
Rs. 9800 bn ($ 210 bn), raising the level of processing of perishables
from 6 to 20 per cent, increasing value addition from 20 per cent
to 35 per cent, and enhancing India’s share in global food
trade from 1.5 % to 3 %.
investment of Rs. 1250 bn ($ 27 Bn) has been planned for the food
processing sector under the Eleventh Five Year Plan. The Ministry
plans to open 30 mega food parks by the end of the Plan.
subsidies for high-end capital equipment can go up to 33% in the
remote areas encouraging entrepreneurs to establish food processing
companies across the country.
Global Consumer Market of 1.2 bn with over
600 mn consumers below the age of 40 yrs.
- 3rd Largest
farm producer globally with a potential to
become the major Food Bowl to the world.
(601 Ml. Tons)
- Large Scale
Modernisation & Up-gradation in
technology & systems being embraced by Food
Processing Companies in India very rapidly.
high growth in the Food Processing
market through the global recession.