Food & Beverages
- 192 Million Hectares of gross cropped area.
- 89.9 Million Hectares of net irrigated area.
- 127 agro-climactic zones.
- 42 mega food parks being set up with an allocated investment of INR 98 Billion.
- India’s food processing sector ranks fifth in the world in exports, production and consumption.
- Major parts of the food processing sector are milled grain, sugar, edible oils, beverages and dairy products.
- The contribution of the food processing industry to the gross domestic product at 2004-05 prices in 2012-13 amounts to INR 845.22 Billion. India’s food processing industry has grown annually at 8.4% for the last 5 years, up to 2012-13.
- The value addition of the food processing sector as a share of GDP manufacturing was 9.8% in 2012-13.
- Investment in registered food processing sector had grown by 20.1% at the end of 2012.
- The number of registered processing factories has increased from 35,838 in 2010-11 to 36,881 in 2011-12, marking a growth rate of 2.9%.
- The industry is also one of the largest employment creators, with growth in direct employment in the organised food processing sector standing at 6.05% between 2010-11 and 2011-12.
- Food is the biggest expense for an urban Indian household. About 38.6% of the total consumption expenditure of households was spent on food in 2011-12.
- The total household expenditure on the purchase of food items in 2012-13 was INR 11 Trillion. An average household in India spent INR 41,856 on food.
- Liberalization and the growth of organized retail has made the Indian market more attractive for global players. With a large agricultural sector, abundant livestock and cost competitiveness, India is fast emerging as a sourcing hub of processed food.
- A population of 1.2 Billion people, with the world’s highest youth population – India has 572 Million people under the age of 24.
- Rising income levels and a growing middle class.
- One-third of the population will be living in urban areas by 2020.
- Increasing desire for branded food as well as increased spending power.
- Large and distinct consumer brackets to support customised offerings, new categories and brands within each segment.
- Consumption in India is driven towards packaged and ready-to-eat foods.
- Favourable economic and cultural transformation and a shift in attitudes and lifestyles have consumers experimenting with different cuisine, tastes and new brands. There is an awareness and concern for wellness and health, for high protein, low-fat, wholegrain, organic food.
- Processed food exports and related products have been rising steadily, the main destinations being the Middle East and Southeast Asia.
- India is a global outsourcing hub, with large retailers sourcing from India owing to abundant raw materials, supply and cost advantages.