Indian Food Processing Market: Industry Outlook, Size (INR 41,835.8 Billion), Share, Growth (CAGR of 10%), Top Companies Analysis, Report 2022-2027

According to IMARC Group's latest report, titled "Indian Food Processing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the Indian food processing market size reached INR 22,830 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 41,835.8 Billion by 2027, exhibiting a growth rate (CAGR) of 10% during 2022-2027.

Indian Food Processing Market Trends:

The rapid expansion of organized food retail outlets is one of the primary factors boosting the Indian food processing market growth. These outlets offer a wide selection of products coupled with discounts. Additionally, the GoI has introduced an investor-friendly portal, Nivesh Bandhu, that integrates Central and State Government incentives and policies for all stakeholders competing in the food processing sector, which, in turn, is creating a positive outlook for the market. Besides this, the rising women working populace and rapid urbanization have significantly surged the demand for ready-to-eat (RTE) food products, which is providing a considerable thrust to the market growth. Other factors, such as inflating consumer expenditure power and rapid technological advancements, are accelerating the market growth.

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Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Key Market Segmentation:

The report has segmented the Indian 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 Indian food processing market has been studied in the report with the detailed profiles of the key players operating in the market.

Industry Definition and Application:

Food processing is the method of processing raw materials into food items using various physical and chemical processes, such as mincing, liquefaction, pickling, cooking, canning, macerating, and emulsification. The process consists of cleaning harvested crops or butchered animal products to manufacture innovative products with extended shelf-life. Food processing encompasses various activities, including plantation, dairy, animal husbandry, agriculture, horticulture, and aquaculture. The Government of India (GoI) is currently promoting the food processing sector with various fiscal reliefs and incentives. The country has also recognized the food processing industry as a high priority.

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• 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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This release was published on openPR.