MARKET SIZE: INDIA FOOD PROCESSING
The Indian food industry stood at US$ 135 billion in 2012 and is expected to grow at a compound annual growth rate (CAGR) of 10 per cent to about US$ 200 billion by 2015, according to a report by KPMG.
INVESTMENTS IN INDIA: FOOD PROCESSING SPACE:
Foreign direct investment (FDI) equity inflows in food processing industries during April 2000-July 2014 stood at US$ 5,949.21 million, as per data released by Department of Industrial Policy and Promotion (DIPP).
RELATED: TOP INVESTORS IN INDIA FOOD PROCESSING SPACE
- 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.
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