India Food Processing Market Size, Growth, Statistics, Top Players, Industry Trends and Opportunities 2023-2028

Published March 10, 2023

According to IMARC Group’s latest report, titled “India Food Processing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the India food processing market size reached INR 25,455 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 45,345 Billion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Year Considered to Estimate the Market Size:

  • Base Year of the Analysis: 2022

  • Historical Period: 2017-2022

  • Forecast Period: 2023-2028

Food processing generally encompasses activities, such as horticulture, plantation, agriculture, dairy, animal husbandry, aquaculture, etc. It involves crystallizing, fermenting, mixing, blending, chopping, washing, and pasteurizing of raw food materials for consumption, cooking, or storage. Food processing comprises other industries that use agricultural inputs to produce edible products. It improves the taste of the food and reduces the incidences of foodborne diseases, such as salmonellosis, noroviruses, perfringens poisoning, campylobacteriosis, etc. Food processing preserves the nutritional value of edible products by preventing oxidation. It provides various advantages, such as ease of preparation, boosting the shelf life of the food, and turning raw food materials into marketable and attractive products.

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Indian Food Processing Industry Trends:

The growing advancements in manufacturing facilities, such as product monitoring, remote maintenance, self-diagnosis, etc., are primarily driving the India food processing market. Additionally, the rising consumer awareness towards the benefits of consuming processed food products, such as cheese, tinned vegetables, breakfast cereals, bread, crisps, sausage rolls, pies, pasties, bacon, sausage, ham, salami, cakes, biscuits, etc., is further catalyzing the market growth. Apart from this, the widespread adoption of the Internet of Things (IoT) and Artificial Intelligence (AI) in the food processing sector is acting as another significant growth-inducing factor. Moreover, the escalating demand for branded and convenience food items and the increasing number of primary processing centers, cold chain units, collection and central processing centers, etc., are propelling the market growth across the country. Besides this, government bodies are extensively investing in R&D activities to develop investor-friendly portals for all stakeholders, including processors, logistics operators, farmers, traders, etc., which is anticipated to fuel the India food processing market over the forecasted period.

Key Market Segmentation:

The report has segmented the India food processing market based on sector and region.

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 With Key Players:

The competitive landscape of the India food processing market has been studied in the report with the detailed profiles of the key players operating in the market.

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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