The Indian food processing industry was valued at Rs. 5060 billion in 2005, a growth of 10% over the previous year. The industry consists of segments like processed fruits and vegetables, cereal based products, dairy products, meat, poultry and fishery products, beverages and confectionary. The export of processed fruits and vegetables was to the tune of INR276.27 billion in 2005. India is the largest milk producer in the world with approximately 91m tonnes being produced; however almost 64% of the produced milk is consumed unprocessed. The meat production of India has grown by 3.37% during 2000-2005.
In addition, the Indian food processing industry is becoming an attractive FDI destination; it attracted around INR45.19 billion FDI during 1991-2005 which is 3.3% of total FDI inflow in India, and ranked as the 7th sector attracting largest FDI in India. Peculiarly, the unorganized sector dominates the industry. An estimated 75% of the sectoral contribution comes from the unorganised sector and the rest from the organised, big players. This Industry Insight on Food processing in India gives an overview of the industry and its segments in terms of size and growth over the last five years. This report discuss in detail each segment while giving information on their products, exports, imports and outlook for the segment. Recent trends and developments in the industry are also covered. This report analyses the factors that drive the growth of the industry, issues and challenges faced by the industry and the critical factors that will determine the success of companies in the future. Ten major companies have been profiled with informations on their business and financial profile, products, manufacturing facilities and R&D. Regulations governing the processed food have been covered and information on the key developments in the regulatory environment are also provided. The report ends with the outlook for the food processing industry for coming years.
The report will be useful to the food processing companies (Indian and overseas) in understanding the Indian food processing industry in a better way. It will also be useful to the government food processing departments and agencies working in the field to get an insight of the industry. The educational institutes may also use this information for their academic purpose to have in-depth industry knowledge. Other research bodies, industry experts, associations & consortia of the industry and consulting organizations may also benefit through the information given in the report.