Indian Food Industry Facts & Figures

India is on a roll. While the economy is showcasing promise, the food and hospitality industry will make a mark with its progressive approach. There are several reasons why this market is so attractive like:

The Indian food market is the world’s 6th largest

The food processing industry contributes approx. 14% of manufacturing Gross Domestic Product (GDP), 13% of India’s exports and 6% of total industrial investment
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The Indian food retail market is expected to reach US$ 915 billion by 2020
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The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a CAGR of 20%
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Indian food service industry is expected to reach INR 5,52,000 crore by 2022
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Food industry accounts for approx. 31% of India’s consumption basket
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42 mega food parks being set up with an allocated investment of USD 2.38 billion
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Key Initiatives

A dairy processing infra fund worth US$ 1.2 billion.

Union Budget 2016-17 proposed 100% FDI through FIPB in the marketing of food products produced and manufactured in India.

Up to 100% FDI in food product e-commerce through automatic route.

FSSAI plans to invest approx. US$ 72.3 million to strengthen the food testing infrastructure in India.