Indian Food Processing Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 8.8% (2024-2032)
With a large agricultural base and a growing population, India offers immense potential for the food processing industry. According to the latest report by IMARC Group, the India food processing market size reached INR 28,027.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 61,327.5 Billion by 2032, exhibiting a growth rate (CAGR) of 8.8% during 2024-2032.
Indian Food Processing Industry Trends and Drivers:
The Indian food processing market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the growing demand from consumers for packaged and convenient food items. Besides this, urbanization, shifting eating patterns, and rising disposable incomes are fueling the need for processed goods in a variety of market areas, including dairy, meat, fruits, and prepared meals. Additionally, government initiatives such as the "Make in India" campaign and Production Linked Incentive (PLI) schemes are boosting foreign investments in the Indian food processing market, contributing to enhanced production capabilities. These initiatives provide incentives for infrastructure improvements, including cold storage and food preservation facilities, that ensure better food quality and longevity. In line with these factors, the sector's growth is also attributed to advancements in technology, enabling automation and quality control, which enhance both production efficiency and product quality.
A significant trend shaping the Indian food processing market is the focus on health-conscious and sustainable products, influenced by the rising awareness of health and environmental issues. This shift has led companies to innovate with organic, plant-based, and preservative-free options to meet consumer preferences for healthier diets. Moreover, the rise of e-commerce platforms has made processed foods highly accessible, particularly in rural and semi-urban areas, broadening the consumer base. Apart from this, international players are increasingly entering the market, partnering with local firms to leverage distribution networks and cater to regional tastes. Consequently, the Indian food processing market is anticipated to witness continued growth in the coming years, driven by favorable policies, technological advancements, and the rising consumer preference for convenient and nutritious food options.
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Indian Food Processing Industry Segmentation:
The report has segmented the market into the following categories:
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:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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