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FOOD INTEX 2014

Overview

Food Processing – A Growing Necessity

The food industry of India is ranked among the largest in the country and 5th largest in terms of production, consumption and export. The industry though dominated by the unorganized sector, is estimated at about US$ 190 billion today and is likely to reach US$ 300 billion by 2015.

Food processing industry is set to open up a flood gate of opportunities in India in the background of increasing spending power of the Indian middle class. The food and grocery retailing today account for 62% of the total retail market.

The Indian food consumption of late witnesses

  • More fruit drinks and bottled water
  • Increased wine and liquor sales
  • Increased processed food consumption
  • More preference to ready–to–eat food
  • rowing number of premium foods
  • Shift to hygienically packed and high quality foods
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